BankmanFried

Sure, it may not sound like the spiciest headline, but Sam Bankman-Fried is in a weird place to be starting a Substack. He’s facing up to 115 years in prison if he’s convicted of federal fraud and conspiracy charges. And yet the embattled founder of collapsed crypto exchange FTX – who pleaded not guilty and is out on a $250 million bond while awaiting trial – figured it’d be a great idea to write about his perspective on the saga in a Substack newsletter. In his first post, about the collapse of FTX International,…

Sam Bankman-Fried said cryptocurrency exchange FTX had a closer relationship than previously disclosed with its bankruptcy law firm Sullivan & Cromwell LLP, adding to questions about the law firm’s work for past FTX management. The founder and former chief executive of FTX, back online and in a new blog post that could suggest elements of his upcoming legal defense, said Sullivan & Cromwell was one of the main forces pushing him to resign and for…

Sam Bankman-Fried has been charged with eight counts of fraud and conspiracy for using FTX customer funds as a personal piggy bank with his hedge fund Alameda Research.Photo: Michael M. Santiago (Getty Images)Failed co-founder and CEO of the FTX crypto exchange Sam Bankman-Fried reportedly has a few layers of security while he’s at home waiting for trial, including security guards and a 75-pound German shepherd. Though since his address is easily Googleable, angry former fans still seem intent on paying the once-crypto…

Financial Times: Court documents: Sam Bankman-Fried invested $20M in Paradigm's $2.5B Paradigm One fund in late 2021, before the fund then invested in FTX and FTX US — Court documents shed light on Sam Bankman-Fried's circular transactions — Sam Bankman-Fried invested $20mn in a large venture capital fund … Financial Times: Court documents: Sam Bankman-Fried invested $20M in Paradigm's $2.5B Paradigm One fund in late 2021, before the fund then invested in FTX and FTX…

Update for gamers, Govee unveils AI gaming sync box kit at CES 2023! Read more tech news Good morning tech fam, here are some quick tech updates for you to catch on to! What’s New Today: Twitter Will Increase Political Ads on Its Platform and Relax the Rules for Cause-Based Ads in An Effort to Boost Revenue. Fast-Track Insights: Bitcoin Is Now a Magnet for Idiots, A Fool Detector, Says Nassim Nicholas Taleb.  He argues that Bitcoin’s goal of being a decentralised currency has not been attained. A new AI HDMI box from…

FTX founder Sam Bankman-Fried pleaded not guilty to fraud and other criminal charges Tuesday, as a judge set his trial to begin Oct. 2.Mr. Bankman-Fried, 30 years old, entered his not-guilty plea to all eight criminal counts he faces before U.S. District Judge Lewis Kaplan in federal court in Manhattan. It was his second appearance in a U.S. court after the collapse of his cryptocurrency exchange. Prosecutors have accused him of stealing billions of dollars of…

Bankman-Fried, 30, is accused of illegally diverting massive sums of customer money from FTX to make lavish real estate purchases, donate money to politicians and make risky trades at his cryptocurrency hedge fund trading firm. Cryptocurrency entrepreneur Sam Bankman-Fried arrives for an appearance at Manhattan…

Former FTX chief executive Sam Bankman-Fried (C) arrives to enter a plea before US District Judge Lewis Kaplan in the Manhattan federal court, New York, January 3, 2023. Ed Jones | AFP | Getty ImagesThe Manhattan U.S. Attorney's Office said Tuesday it had created an FTX Task Force to trace and recover assets of victims of the cryptocurrency exchange firm's collapse and to handle investigations and prosecutions related to the company and other entities.The announcement came as FTX founder and former CEO Sam Bankman-Fried…

Former FTX chief executive Sam Bankman-Fried, wearing tie, arrived in federal court in Manhattan Tuesday. Photo: ed jones/Agence France-Presse/Getty Images…

Sam Bankman-Fried, the disgraced founder and former CEO of crypto exchange FTX, has pleaded not guilty to federal wire fraud charges and other crimes. Per The New York Times, Bankman-Fried appeared before a Manhattan court on Tuesday, nearly two weeks after he was granted bail on a $250 million bond, and said he was innocent of charges laid against him by US prosecutors.  In addition to a civil suit from the Securities and Exchange Commission, SBF faces a criminal indictment from the Justice Department. Prosecutors have…