Photo illustration: Sarah Grillo/Axios. Photo: Eva Marie Uzcategui/Bloomberg via Getty Images The Block, a media company that says it covers crypto news independently, was secretly funded for over a year with money funneled to The Block’s CEO by the disgraced cryptocurrency trading company. of Sam Bankman-Fried, sources told Axios. why is it important: The payments, …
Sam Bankman-Fried, Founder and Managing Director of FTX Cryptocurrency Derivatives Exchange, during an interview on an episode of Bloomberg Wealth with David Rubenstein in New York, U.S., Wednesday August 17, 2022. Jeena Moon | Bloomberg | Getty Images An ethics watchdog group has asked the Federal Election Commission to investigate former FTX CEO Sam Bankman-Fried …
Earlier this year, as the crypto meltdown drained the industry of cash, FTX executives pleaded with company founder Sam Bankman-Fried to preserve cash and stop spending hundreds of millions dollars in celebrity endorsements. But the 30-year-old billionaire, who had relied on branding and hype to quickly take his crypto exchange from rookie to loyal, was …
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 »
From the bankruptcy of FTX and the downfall of crypto “rock star” Sam Bankman-Fried to the mayhem on Twitter, it hasn’t been a good week for the geniuses of capitalism. Elon Musk’s abrupt and in some cases already reversed decisions since taking over the social media company confirm his claim that his tenure so far …
A screenshot of the FTX ad featuring comedian Larry David that ran during the Super Bowl in February 2022.Screenshot: FTX/YouTube The Department of Justice and the Securities and Exchange Commission are investigating FTX, a crypto platform that halted withdrawals on Tuesday, according to a new report from the the wall street journal. And while the …
DOJ and SEC Investigate FTX Collapse as Entire Crypto Market Plunges Read More »
