FTX Founder Bankman-Fried Plans to Surrender to US Extradition Request
Reuters reported that “a person familiar with the matter said on Saturday” that Sam Bankman-Fried (SBF) plans to be more accepting of being extradited to the United States. The source noted that SBF will “reverse his decision to contest extradition” when he appears in court on Monday. The former FTX CEO was supposed to remain at Fox Hill until Feb. 8, 2023, after judge Ferguson-Pratt denied SBF’s request to be released on bail.
FTX’s Bankruptcy Hearing, Binance Withdrawals Surge, Gemini Data Breach | Cointime Weekly Dec.11 – Dec.17
How is Sam Bankman-Fried's first-week jail life going? Binance CZ might face criminal charges. Canada, Australia, and France tighten crypto regulations. Amber Group completed a $300M Series-C round
Big Short Investor Says Audits of Crypto Exchanges Like Binance and FTX Are ‘Meaningless’
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, says the problem with auditing cryptocurrency exchanges, like Binance and FTX, is the same as when he started using a new kind of credit default swap. “Our auditors were learning on the job,” he described, adding that it’s “not a good thing.”
Kevin O’Leary Blames CZ Binance for FTX Collapse, This Is How Ripple CTO Reacts
When asked about why FTX failed, O’Leary channeled all the blame on CZ Binance, claiming that the Binance exchange is unregulated.
The (Actual) Truth About FTX Revealed by Mr. Gullible
Mr. Gullible is portraying SBF and FTX of being victims. On the contrary, FTX/Alameda Research operated their companies poorly and committed fraud.
FTX, Bahamas Liquidators Remain at Loggerheads Over System Access
FTX, the Bahamas government, and lawyers hired to liquidate the failed crypto empire’s Bahamian operations remain at loggerheads over granting access to FTX’s Bahamian computers to review what assets are still there.
Crypto Bank Silvergate Faces Class Action Lawsuit Over Role in FTX Saga
The lawsuit was filed at the United States District Court for the Southern District of California by Joewy Gonzalez on behalf of himself and other affected persons.
Crypto Users Report Closures of FTX-Linked Bank Accounts
Despite the FTX crypto exchange crash being more than one month in the past already, users are seemingly still suffering the effects of the implosion that goes beyond just their funds being stuck on the crypto exchange. A new development saw users of the now-bankrupt crypto exchange taking to Twitter to reveal that banks may be taking action against bank accounts linked to FTX.
FTX Bankruptcy Case Inches Closer to Potentially Naming Creditors
Lawyers for beleaguered crypto exchange FTX did not object to media arguing in the firm’s bankruptcy case, taking a step toward potentially identifying customers tied up in the collapse.
A Closer Look at What Sam Bankman-Fried Is Accused of Exactly
The former billionaire’s epic flameout and the subsequent US regulatory blitz have left his empire and image in shambles.
