SBF’s Alameda Research Secretly Financed This Crypto News Website
The Block, a media organization that covers cryptocurrency news independently, has been covertly financed for more than a year with money that has been channeled to The Block’s CEO from the infamous FTX founder <a href="https://coingape.com/tag/sam-bankman-fried/">Sam Bankman-Fried</a>. The payouts, which The Block staff members were previously unaware of, might compromise the news organization’s reputation and raise questions about its coverage of SBF, the now-defunct FTX, and its trading firm, <a href="https://coingape.com/tag/alameda-research/">Alameda Research</a>.
Senator Warren Wants the Fed to Answer for Banking Sector’s Ties to FTX
U.S. lawmakers have penned a letter pressing Federal Reserve Chairman Jerome Powell for information on American banks’ ties to crypto following the collapse of FTX.
Alameda-Backed Ren Warns Users of Losses As It Plans To Wind Down Protocol
Ren Protocol, an Alameda-funded issuer of a wrapped bitcoin asset called renBTC <a href="https://twitter.com/renprotocol/status/1600559366440390657">warned</a> its users of the potential risk of losses after it shuts down its existing product.
Feds Have Contacted Former FTX Employees as Part of Investigation
Federal law enforcement is in touch with former FTX employees as part of a criminal investigation into the failed exchange and its sister hedge fund Alameda Research.
Alameda’s Investment Portfolio: $5.4B Spread Across Almost 500 Illiquid Investments
Alameda’s investments included high-profile companies like SpaceX, and a variety of crypto tokens like Polygon (MATIC), and NEAR.
SBF Says Alameda Research Received Preference on FTX
Sam Bankman-Fried, the former Chief Executive Officer (CEO) of now-bankrupt cryptocurrency firm FTX has recently made some intriguing revelations.
Coinbase CEO on ‘Stolen Customer Money’ Used by SBF’s Alameda Research
On Saturday (3 December 2022), Coinbase Co-Founder and CEO commented on the interview that Sam Bankerman-Fried (aka “SBF”), the disgraced co-founder of Alameda Research and co-founder and former CEO of bankrupt crypto exchange FTX, gave to Bloomberg recently at $30 million his Bahamian penthouse apartment.
Alameda Invested $1.15 Billion Into Crypto Miner Genesis: Bloomberg
Alameda Research, the trading firm closely related to embattled exchange FTX, invested $1.15 billion into crypto miner Genesis Digital Assets.
SBF Had Detailed Info on Alameda’s Finances As Recently as March, Forbes Reveals
In contrast to Sam Bankman Fried’s recent claims that he wasn’t aware of Alameda’s position, Forbes recently <a href="https://www.forbes.com/sites/chasewithorn/2022/12/02/exclusive-sam-bankman-fried-knew-plenty-about-his-alameda-research-hedge-fundand-sent-details-to-forbes-just-months-ago/?sh=79807d09303d">released</a> its communication with SBF when drafting their billionaires’ list, indicating that he was well versed in Alameda’s finances.
Sam Bankman-Fried Points Blame for FTX Collapse to Alameda, Says He Was Blindsided
Sam Bankman-Fried, former chief executive officer of failed cryptocurrency exchange FTX, seemed to point to the activities of his company’s brokerage arm as the reason his business collapsed, when he spoke at the New York Times DealBook Summit on Wednesday.
