Caroline Ellison, former chief executive of trading firm Alameda Research, told a federal judge last week that she agreed with executives of FTX, including former CEO Sam Bankman-Fried, to mislead lenders and customers on how much Alameda was borrowing from the now-bankrupt exchange.

Just three days after being released on a personal recognizance bond, a crypto community member allegedly spotted SBF “chilling” in a John F. Kennedy International Airport lounge. The supporting images were shared on Twitter by @litcapital, which shows SBF sitting on a lounge chair with access to a laptop and mobile phone.

FTX founder Sam Bankman-Fried was released on personal recognizance with a bail bond set at $250 million.

Following FTX co-founder Sam Bankman-Fried’s arrest and the statements from his co-workers Gary Wang and Caroline Ellison, the spotlight has turned on the remaining executives who were part of the team’s inner circle. Another person people are curious about these days is Alameda Research’s ex-co-CEO Sam Trabucco. The 30-year-old executive left Alameda in Aug. 2022, but since Ellison detailed misconduct happened in 2019, it’s assumed that Trabucco knows a thing or two about what happened.

Federal bail does not necessarily work the way you think it should.

SEC calls FTT a security; Binance joins US Chamber of Digital Commerce; OpenSea blocked Cuban artists; avoid getting hooked by crypto ‘ice phishing’.

Polygon is probably the worst chain among major L1s, It’s so weird seeing companies flock to work with Polygon. Why aren’t they aware that there are better opportunities out there?

Federal judge Ronnie Abrams of the US District Court for the Southern District of New York formally withdrew from adjudicating the case on Friday afternoon, just one day after Bankman-Fried was released from custody to stay with his parents in their Palo Alto home as he awaits trial on eight criminal charges including wire fraud, conspiracy to commit money laundering, and violations of federal campaign finance laws. 

The ex-Alameda CEO’s testimony details that she was fully aware from 2019 to 2022, that Alameda Research had access to a special borrowing facility that allowed the company to maintain an unlimited line of credit with zero collateral. The ‘borrowing facility,’ according to Ellison, was FTX’s customer funds.

Bitcoin’s circulating supply domiciled off exchanges currently sits at 18.19M tokens, the largest amount ever witnessed. The current data is the product of a growing trend of BTC withdrawals from centralized exchanges, which surged drastically following the FTX collapse of last month. In contrast, only 1.16M BTC tokens are currently situated in exchanges.

The latest report by Reuters reveals that Alameda Research could borrow unlimited money from FTX. Moreover, the former FTX CEO – SBF – and former Alameda CEO – Caroline Ellison – agreed to hide this fact from lenders, investors, and customers.

FTX is seeking assistance from a US bankruptcy court in determining ownership of about $450 million in Robinhood shares owned by an entity set up by Sam Bankman-Fried in Antigua and Barbuda.

Bahamas-based bankrupt crypto exchange FTX has sought help from the bankruptcy court in the matter of former CEO Sam Bankman-Fried’s 7.6% stake in the popular stock brokerage firm Robinhood.

Securities and Exchange Commission (SEC) general counsel Dan Berkovitz reportedly dined with disgraced former FTX CEO Sam Bankman-Fried at an elite Indian restaurant in October last year.

FTX Japan issued an announcement:

Ripple’s general counsel Stuart Alderoty has made an important discovery in the SEC’s recently filed charges against FTX and Alameda Research execs. According to Alderoty, the Securities and Exchange Commission recently admitted that FTX and Alameda Research execs – Sam Bankman-Fried and Caroline Ellison – used customers’ assets to bail out embattled cryptocurrency lender BlockFi. 

Brad Garlinghouse, American businessman and Chief Executive of Ripple Labs, is outraged at how Wells Fargo’s recently-uncovered asset mismanagement is being reported and handled by U.S. financial authorities, compared to the magnitude of coverage the FTX collapse has attracted.

On Dec. 21, U.S. law enforcement officials from the Southern District of New York (SDNY), the Securities and Exchange Commission (SEC), and the Commodity Futures Trading Commission (CFTC) revealed they imposed fraud charges against FTX co-founder Gary Wang and ex-Alameda Research CEO Caroline Ellison. After Wang’s and Ellison’s surrender announcement, the public has been wondering where FTX’s director of engineering, Nishad Singh, is located and whether or not he has come forward yet.

The most common phrase found in the SEC’s 38-page complaint alleges that various FTX and Alameda employees either “knew, or were reckless in not knowing” what was actually happening between the two companies. 

Binance has published a lengthy statement in response to “recent media and community questions” regarding the company’s finances and operations in the wake of the collapse of rival crypto exchange FTX.