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.
Kevin O’Leary Paid $15 Million as a FTX Spokesperson, but Lost It All
Canadian businessman and investor Kevin O’Leary revealed on Dec. 8 in an <a href="https://www.cnbc.com/video/2022/12/08/kevin-oaleary-on-why-he-invested-in-ftx-and-his-recent-conversation-with-sam-bankman-fried.html">interview</a> with CNBC that he lost all of the $15 million FTX paid him to represent the now-defunct crypto exchange.
Chairwoman Maxine Water Says SBF’s Subpoena “Definitely On The Table”
In response to reports that U.S. House Financial Services Committee Chairman Maxine Waters was unwilling to compel FTX founder Sam Bankman-Fried to testify before a House Committee, tweeted that a subpoena of Bankman-Fried was “definitely on the table.” Waters made the statement in response to the allegations surfacing online.
US Prosecutors Are Examining Whether SBF Orchestrated Terra’s Collapse
US prosecutors are also investigating whether Sam Bankman-Fried is responsible for the collapse of the Terra ecosystem in May.
SBF Could Have Reportedly Been Involved in Terra’s Collapse, Do Kwon Chips In
The former CEO of the bankrupt crypto exchange FTX – Sam Bankman-Fried (SBF) – might also be involved in Terra’s crash. Federal prosecutors have launched an investigation to determine whether he manipulated trades that led to the collapse of UST and LUNA earlier this year.
Federal Prosecutors Investigate FTX Founder Bankman-Fried Over UST/Luna Collapse
As the New York Times reports today, federal prosecutors are investigating whether FTX founder Sam Bankman-Fried and his hedge fund Alameda orchestrated the trade to cause the collapse.
Bankman-Fried may Face Subpoenas if he Does not Testify
Sam Bankman-Fried may face subpoenas from U.S. Congress committees if he fails to voluntarily attend and testify at the two separate congressional hearings next week on the collapse of FTX.com and Alameda Research, the cryptocurrency exchange and its brokerage arm he founded. (forkast)
FTX Hires Forensics Team to Find Customers’ Missing Billions: Report
The new management for bankrupt crypto exchange FTX has reportedly hired a team of financial forensic investigators to track down the billions of dollars worth of missing customer crypto. Financial advisory company AlixPartners was chosen for the task and is led by former Securities and Exchange Commission (SEC) chief accountant, Matt Jacques, according to a Dec. 7 report from the Wall Street Journal. (Cointelegraph)
NYC Prosecutors Probing Sam Bankman-Fried's Role in TerraUSD Collapse: Report
Federal prosecutors are investigating whether the FTX founder manipulated the market price of the two doomed, interlinked currencies earlier this year, the Times says. The publication echoes the conclusion of other blockchain analysts in asserting that the collapse of Terra and Luna eventually led to the catastrophic failure of FTX. (Decrypt)
FTX Founder Sam Bankman-Fried Is Said To Face Market Manipulation Inquiry
Federal prosecutors are investigating whether Sam Bankman-Fried and his hedge fund orchestrated trades in a way that led to the collapse of two cryptocurrencies in May.
