Alameda’s Caroline Ellison Escapes Potentially 110 Years in Jail via Plea Deal
One of the key witnesses on the ongoing FTX investigation could evade all the seven counts of allegations against her with a plea deal. Former Alameda Research CEO Caroline Ellison would be prosecuted only for criminal tax violations and can be released immediately by paying the $250,000 bail.
Ripple Counsel Claims ‘SEC Has Lost The Plot Line’ On Caroline Ellison Charges
U.S. Securities and Exchange Commission (SEC) on Wednesday charged the Former CEO of Alameda Research and former CTO of FTX, Zixiao Wang for their roles in a marathon defraud scheme. However, Ripple’s General Counsel has claimed that the SEC has lost the plot line in the Sam Bankman-Fried (SBF) led collapse in the crypto market.
Bankman-Fried in FBI Custody, Ellison, Wang Plead Guilty and Are Cooperating
Former Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang have plead guilty to criminal charges, U.S. Attorney for the Southern District of New York Damian Williams announced.
Deribit Transfers 10,000 Ethereum to Bankrupt Firm Alameda Research, Raising Concerns
Bankrupt firm Alameda Research, the trading arm of the FTX exchange, has been receiving persistent transfers from Panama-based cryptocurrency derivatives exchange Deribit since December 10. Deribit had begun sending 2,000 ETH to Alameda in a series of five even transactions a month after FTX and Alameda filed for bankruptcy.
Tether: Bloomberg’s Inexperienced Editorial Team Falls Victim to Short-Sellers
Tether restated that it had absolutely no credit towards FTX or Alameda Research. No special deal whatsoever was established between FTX/Alameda and Tether.
Bankman-Fried Lawsuits Expose FTX’s ‘Special Treatment’ of Alameda Research
Court filings against alleged crypto fraudster Sam Bankman-Fried are shedding more light on the cozy relationship that burned down his empire: the one between crypto exchange FTX and its sister hedge fund Alameda Research.
FTX Hearing: CEO John Ray Claims “Embezzlement” Root Cause Of FTX Collapse
In an ongoing Congressional hearing, FTX’s newly appointed chief executive <a href="https://coingape.com/ftx-ceo-john-j-ray-blasts-sbf-ahead-ftx-tomorrows-congressional-hearing/">John Ray III</a> told the panel that Sam FTX founder Sam Bankman-Fried “should have known” his actions and conflict of interest between the corporate relationship between the FTX crypto exchange and its trading arm <a href="https://coingape.com/tag/alameda-research/">Alameda Research</a> would result in the empire’s final collapse.
What Media Has Sam Bankman-Fried Invested in Other Than The Block? Here Is a List
Alameda invested in two Chinese media outlets Odaily($5 million) and BlockBeats($3.56 million), Trustless Media($1.2 Million), and Dune Analytics($625K).
The Block Has Been De Facto Wholly Owned by SBF for Years, Says Three Arrows Capital Co-founder
CEO of The Block resigned immediately after his $43 million in personal loans from Alameda Research was disclosed.
Crypto News Website CEO Resigns After Failing to Disclose Personal Loans From Alameda
According to The Block, McCaffrey received three loans for a total of $43 million from 2021 through this year. The first loan was for $12 million in 2021 to buy out other investors in the media company, at which time McCaffrey took over as CEO. The second was for $15 million in January to fund day-to-day operations, and the third was for $16 million earlier this year for McCaffrey to purchase personal real estate in the Bahamas, according to The Block.
