Fraud and misrepresentation

Hackers begin laundering part of $477 million stolen from crypto exchange FTX

Hackers begin laundering part of $477 million stolen from crypto exchange FTX

Leave a Comment / Business / By

Hackers who stole an estimated $477 million worth of cryptocurrency from collapsed FTX exchange began laundering the funds in bitcoins. This month, after FTX filed for bankruptcy, new CEO John Ray III said that “unauthorized access to certain assets has occurred.” Blockchain analytics firm Elliptic estimates that around $477 million worth of cryptocurrency was stolen …

Hackers begin laundering part of $477 million stolen from crypto exchange FTX Read More »

Sam Bankman-Fried tries to negotiate FTX bailout from his home in the Bahamas, despite being kicked out of the crypto firm

Sam Bankman-Fried tries to negotiate FTX bailout from his home in the Bahamas, despite being kicked out of the crypto firm

Leave a Comment / Business / By

Sam Bankman-Fried, CEO and founder of FTX, walks near the US Capitol, in Washington, DC, September 15, 2022. Graeme Sloan | Sipa via AP Images NASSAU, Bahamas — Despite being kicked out of the cryptocurrency giant he founded, Sam Bankman-Fried told CNBC he was trying to cut a multi-billion dollar deal to bail out FTX, …

Sam Bankman-Fried tries to negotiate FTX bailout from his home in the Bahamas, despite being kicked out of the crypto firm Read More »

FTX says it could have over a million creditors in new bankruptcy filing

FTX says it could have over a million creditors in new bankruptcy filing

Leave a Comment / Economy / By

The FTX logo with crypto coins with a 100 dollar bill is shown for illustration. FTX has filed for bankruptcy in the United States, seeking court protection as it seeks a way to return money to users. Jonathan Raa | Nurphoto | Getty Images Embattled cryptocurrency exchange FTX could have more than a million creditors, …

FTX says it could have over a million creditors in new bankruptcy filing Read More »