Debtors for the bankrupt cryptocurrency exchange FTX have said that around $413 million worth of cryptocurrency was stolen from the company through “unauthorized transfers.” In a report to creditors on Jan. 17, the company said that FTX debtors have identified approximately $1.6 billion of digital assets associated with FTX.com, of which $323 million of which was “subject to unauthorized third-party…
FTX Says $413 Million Worth of Cryptocurrency Was Stolen From Failed Exchange
Jennifer Sey on the Courage to Stand Against ‘Wokeism’
“I was a traitor to what has become almost a religion. … I was a traitor to my class, which maniacally upheld these ideals that COVID restrictions were for the good of the masses, when in fact, they were doing such great harm,” Jennifer Sey says. In this recent episode of “American Thought Leaders,” host…
Sam Bankman-Fried Issues First Response to FTX Case: ‘I Didn’t Steal Funds’
January 13, 2023
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Business & MarketsCompaniesCrime and Incidentscriminal chargescryptocurrencyeconomyFTXInvestmentJudiciaryMarketsMedia & Big TechSam Bankman-FriedUSUS News
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The founder and former CEO of FTX, Sam Bankman-Fried, promised that customers could get their money back in his first statement since his arrest in the Bahamas. “I didn’t steal funds, and I certainly didn’t stash billions away,” Bankman-Fried said in a Jan. 12th statement on his Substack blog, titled “FTX Pre-Mortem Overview.” “No funds were…
House Republicans to Set up Crypto Committee After Industry Turmoil
House Republicans announced the establishment of a new crypto subcommittee on Thursday that will focus on digital currency following the collapse of crypto exchange firm FTX last year. Rep. Patrick McHenry (R-N.C.), chairman of the House Financial Services Committee, unveiled the new Subcommittee on Digital Assets, Financial Technology, and Inclusion, along with other subcommittee appointments. The…
FTX Recovered $5 Billion Worth of ‘Liquid’ Assets, Attorneys Say
Crypto exchange FTX has more than $5 billion in cash and liquid cryptocurrencies and securities, an attorney for the beleaguered company confirmed on Wednesday. The Sam Bankman-Fried-founded company filed for bankruptcy in November and U.S. prosecutors have accused Bankman-Fried of orchestrating fraudulent activity that may have cost investors, customers, and lenders billions of dollars. Attorneys…
Over 100 Parties Want to Buy Parts of FTX
January 9, 2023
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auctionbankrupcyBusiness & MarketsCompaniescryptocurrencyeconomyFTXJudiciaryMarketsMedia & Big TechSam Bankman-FriedUS
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More than 100 interested parties want to buy part of the failed crypto exchange FTX. According to court documents reviewed by Business Insider, lawyers handling the FTX’s Chapter 11 bankruptcy case are planning to auction off four of the companies previously run by disgraced former CEO Sam Bankman-Fried. Bankman-Fried currently faces up to 115 years…
DOJ to Seize $465 million of Robinhood Shares Linked to FTX Ex-CEO Bankman-Fried
Department of Justice prosecutors plan to seize $465 million of Robinhood shares tied to Sam Bankman-Fried, the former CEO of bankrupt cryptocurrency exchange FTX. In May, Bankman-Fried purchased a 7.6 percent stake in Robinhood, worth approximately $648 million at the time, according to a Securities and Exchange Commission (SEC) filing. The revelation sent the stock…
DOJ to Seize $465 Million of Robinhood Shares Linked to FTX Founder Bankman-Fried
Department of Justice prosecutors plan to seize $465 million of Robinhood shares tied to FTX founder and former CEO Sam Bankman-Fried, who has been charged with fraud in the collapse of the FTX cryptocurrency exchange. In May, Bankman-Fried purchased a 7.6 percent stake in Robinhood, worth about $648 million at the time, according to a Securities…
LIVE NOW: NTD Business (Jan. 3): Sam Bankman-Fried Pleads Not Guilty; Kentucky Puts Banks on Notice Over ESG
FTX founder Sam Bankman-Fried pleaded not guilty to all eight counts against him. This set off a lengthy legal battle, with Bankman-Fried’s freedom on the line. Kentucky is putting big banks on notice—saying if they don’t stop boycotting fossil fuel companies, the state will pull its money out. Chaos emerges in the House of Representatives,…
NTD Business (Jan. 3): Sam Bankman-Fried Pleads Not Guilty; Kentucky Puts Banks on Notice Over ESG
FTX founder Sam Bankman-Fried pleaded not guilty to all eight counts against him. This set off a lengthy legal battle, with Bankman-Fried’s freedom on the line. Kentucky is putting big banks on notice—saying if they don’t stop boycotting fossil fuel companies, the state will pull its money out. Chaos emerges in the House of Representatives,…
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