Sam

Coinbase CEO Brian Armstrong Says It's "Baffling" FTX's Sam Bankman-Fried Isn't "Already Detained"

Coinbase CEO Brian Armstrong Says It’s “Baffling” FTX’s Sam Bankman-Fried Isn’t “Already Detained”

FTX founder Sam Bankman-Fried is expected to be in custody now, in regards to Brian Armstrong. The Coinbase CEO said this week that it was “baffling to me that he’s not already in custody.” “The DOJ or someone should be able to do this – based on their public statements, I think there is a …

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Former FTX users say the crypto exchange's failure was a "Ponzi scheme".  Here's how it works and what we know about how Sam Bankman-Fried works

Former FTX users say the crypto exchange’s failure was a “Ponzi scheme”. Here’s how it works and what we know about how Sam Bankman-Fried works

Until recently, Sam Bankman-Fried, or SBF, was crypto’s golden boy, known for turning his cryptocurrency exchange, FTX, into a $32 billion giant in just two years. But the disheveled, left-leaning 30-year-old was living a lie. SBF, who claimed to be a minimalist philanthropist, had used client funds to prop up his failing crypto empire and …

Former FTX users say the crypto exchange’s failure was a “Ponzi scheme”. Here’s how it works and what we know about how Sam Bankman-Fried works Read More »

Sam Bankman-Fried's trade store has been getting special treatment on FTX for years

Sam Bankman-Fried’s trade store has been getting special treatment on FTX for years

Alameda Research has been allowed to exceed normal borrowing limits on the FTX exchange since its inception, Sam Bankman-Fried says, in a concession that illustrates how the former billionaire’s trade shop was given preferential treatment compared to customers years before the 2022 crypto crisis. In an interview with the Financial Times, the 30-year-old described the …

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Everything we learned from the Sam Bankman-Fried interview

Everything we learned from the Sam Bankman-Fried interview

The New York Times newsletter DealBook held its annual conference in New York on Wednesday, capped off with a dramatic interview with fallen crypto mogul Sam Bankman-Fried. It was Mr. Bankman-Fried’s first public appearance since the collapse of his cryptocurrency empire, which included crypto exchange FTX and its trading arm, Alamada Research. The Times’ Andrew …

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How the Collapse of Sam Bankman-Fried's Crypto Empire Disrupted AI

How the Collapse of Sam Bankman-Fried’s Crypto Empire Disrupted AI

SAN FRANCISCO — In April, a San Francisco artificial intelligence lab called Anthropic raised $580 million for research into “AI security.” Few people in Silicon Valley had heard of the year-long lab, which builds AI systems that generate language. But the amount of money promised to the small company dwarfed what venture capitalists were pouring …

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Sam Bankman-Fried says he 'never tried to commit fraud'

Sam Bankman-Fried says he ‘never tried to commit fraud’

NEW YORK, Nov 30 (Reuters) – Sam Bankman-Fried, founder and former CEO of now bankrupt crypto exchange FTX, tried to distance himself from suggestions of fraud in his first public appearance since the collapse of his business. losses totaling billions of dollars. Speaking via video link at The New York Times Dealbook Summit with Andrew …

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'I've had a bad month': Sam Bankman-Fried ignores lawyers to make awkward public appearance

‘I’ve had a bad month’: Sam Bankman-Fried ignores lawyers to make awkward public appearance

Even as reviews Furious that he wasn’t already in jail, and rumors swirled that he would cancel the risky public appearance, Sam Bankman-Fried, co-founder of failed cryptocurrency exchange FTX, gave a live video interview to top it off. New York Times‘DealBook Summit conference on Wednesday. Speaking from the Bahamas, where FTX is headquartered, Bankman-Fried said …

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FTX Founder Sam Bankman-Fried: "Listen, I Messed Up" |  CNN Business

FTX Founder Sam Bankman-Fried: “Listen, I Messed Up” | CNN Business

New York CNN Business — Sam Bankman-Fried, the 30-year-old founder of bankrupt crypto exchange FTX, said he “never tried to defraud anyone,” while admitting he made mistakes by as general manager. “There are things I would do anything to do again,” Bankman-Fried said during a virtual appearance at the New York Times DealBook Summit in …

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Alameda's first staffers quit after battling Sam Bankman-Fried over risk and compliance issues

Alameda’s first staffers quit after battling Sam Bankman-Fried over risk and compliance issues

IDX Digital Assets chief investment officer Ben McMillan discusses Sam Bankman-Fried at the New York Times conference amid FTX fallout. Years before the collapse of Sam Bankman-Fried’s crypto empire, a group of employees quit in a power struggle, after worrying about what they say was his cavalier approach to risk, compliance and accounting. The employees …

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FTX founder Sam Bankman-Fried in the hot seat as Senate inquiries and criminal probes progress

FTX founder Sam Bankman-Fried in the hot seat as Senate inquiries and criminal probes progress

Chicago Mercantile Exchange chief tells ‘Tucker Carlson Tonight’ he tried to warn against SBF Sam Bankman-Fried is facing a flurry of legal repercussions over his involvement in the collapse of FTX, the cryptocurrency trading platform he founded in 2019, with congressional investigations set to kick off in the coming months. weeks. The Senate Agriculture Committee, …

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