Sam Bankman-Fried

Now Elon may or may not want to fix phones.Photo: Suzanne Cordeiro / AFPTwitter’s new ruler Elon Musk makes so many pronouncements on the platform, it’s hard to keep track. This week alone, Musk polled Twitter users over whether he should provide “general amnesty” to suspended accounts and gotinto a public fight over whether the disgraced founder of FTX, Sam Bankman-Fried, owns a part of Twitter. On Friday, Musk was at it again, telling people that he may make an alternative phone to face off against Apple and Google.…

NASSAU, Bahamas—Last year, an FTX executive walked into a bank office here and put $4.5 million of the company’s money behind an ambitious plan to buy an oceanside parcel of land and turn it into the crypto giant’s new headquarters.The executive, Ryan Salame, closed the deal in short order, people familiar with the matter said, just part of the company’s whirlwind real-estate shopping spree in and around Nassau. In April, the Bahamas prime minister appeared with FTX executives at a…

Sam Bankman-Fried said he wanted to prevent nuclear war and stop future pandemics. And he pledged to use his vast and growing wealth to do so. Run by idealists spending the wealth of their billionaire patron to make the world a better place, Mr. Bankman-Fried’s FTX Foundation and its flagship Future Fund touted deep pockets, ambitious goals and fast turnarounds.…

In a historic regulatory step, New York has become the first U.S. state to bar certain types of cryptocurrency mining. Governor Kathy Hochul signed a bill on Tuesday that triggers an immediate moratorium on energy-intensive “proof-of-work” crypto mining powered by fossil fuels. For two years, no new permits for such mining operations will be issued and no existing permits will be renewed, according to the law (A7389C).The bill cites the heavy climate and infrastructure costs of crypto mining in its reasoning. On top of…

A substantial amount of FTX’s assets are either missing or stolen, a lawyer for the failed crypto exchange said in court, vowing to cast a wide net to secure potentially billions of dollars in funds that passed through the firm he called the “personal fiefdom” of co-founder Sam Bankman-Fried. Tuesday’s hearing marked an inflection point for FTX’s bankruptcy case as its new leaders begin chasing down what assets they can salvage and trying to determine who might be responsible for the loss of customers’…

Pick a number and cross your fingers. Crypto naysayers who argue that’s the essence of Bitcoin prognostication are likely finding validation in the thick uncertainty shrouding the sector. Pick a number and cross your fingers. Crypto naysayers who argue that's the essence of Bitcoin prognostication are likely finding validation in the thick uncertainty shrouding the sector.Over the past few days, long-term targets for the world's largest token by market value have ranged from $5,000 at strategists BCA Research Inc. to…

FTX’s headquarters were located in Nassau, Bahamas, where the former CEO’s parents also purchased a vacation home. Image: Nathan Bai (Shutterstock)Sam Bankman-Fried, the former CEO and founder of FTX, has been having a rough couple ofweeks. With his reputation on the line amidst the collapse of the massive cryptocurrency exchange, a new report indicates that FTX and Bankman-Fried’s own parents purchased a collective 19 properties in the Bahamas over the past two years worth upwards of $121 million. New reporting from…

A substantial amount of FTX’s assets are either missing or stolen, a lawyer for the failed crypto exchange said in court, vowing to cast a wide net to secure potentially billions of dollars in funds that passed through the firm he called the “personal fiefdom” of co-founder Sam Bankman-Fried. Tuesday’s hearing marked an inflection point for FTX’s bankruptcy case as its new leaders begin chasing down what assets they can salvage and trying to determine who might be responsible for the loss of customers’…

Sam Bankman-Fried's FTX, his parents and senior executives of the failed cryptocurrency exchange bought at least 19 properties worth nearly $121 mn in the Bahamas. Sam Bankman-Fried's FTX, his parents and senior executives of the failed cryptocurrency exchange bought at least 19 properties worth nearly $121 million in the Bahamas over the past two years, official property records show.Most of FTX's purchases were luxury beachfront homes, including seven condominiums in an expensive resort community called Albany,…

Former CEO of FTX Sam Bankman-Fried interviewed by Bloomberg on September 1, 2022, just two months before the collapse of FTX.Screenshot: BloombergThe price of Bitcoin slid to just $15,680 on Tuesday morning, the lowest level in over two years for the cryptocurrency. And most people expect the price to continue to fall substantially as traders worry the fallout from the implosion of FTX, once the second largest crypto platform in the world, could have more casualties.FTX filed for bankruptcy on November 11, less than a…