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, …
FTX’s monumental collapse will go down as one of the greatest corporate scandals of all time. But, at least Sam Bankman-Fried, or SBF, is sorry. On Nov. 22, the disgraced founder of FTX wrote a letter to his former employees outlining his role in the company’s bankruptcy. “I never wanted this to happen,” he wrote. …
Crypto Biz: Institutions Short Bitcoin as SBF ‘Deeply Sorry’ for FTX Collapse Read More »
Former FTX CEO Sam Bankman-Fried received a $1 billion personal loan from one of four silo companies deeply involved in the collapse of cryptocurrency exchange FTX. An official statement in the pending Chapter 11 bankruptcy filings of new FTX CEO John Ray III revealed further embezzlement by Bankman Fried. According to the filing, Alameda Research …
SBF received $1 billion in personal loans from Alameda: FTX bankruptcy filing Read More »
