U.S. Lawmaker Blames SEC Chair Gensler and SBF for FTX’s Downfall
Emmer also alleged that SBF was pushing for “special treatment legislation through Congress,” and when it was finally revealed, the industry started raising red flags.
Indian Crypto Companies’ Response to the FTX Collapse
The quick downfall of FTX with an $8-10 billion deficit in its balance sheet has left the broader cryptocurrency market reeling under its cascading effects.
Crypto Biz: Institutions Short Bitcoin As SBF Is ‘Deeply Sorry’ for FTX Collapse
The monumental collapse of FTX will go down as one of the biggest corporate scandals of all time. But, at least Sam Bankman-Fried, or SBF, is sorry. On Nov. 22, the disgraced founder of FTX penned a letter to his former employees describing his role in the company’s bankruptcy. “I never intended this to happen,” he wrote. “I did not realize the full extent of the margin position, nor did I realize the magnitude of the risk posed by a hyper-correlated crash.” Get this: SBF still thinks the company can be saved because “there are billion of dollars of genuine interest from new investors.” Shouldn’t he be preoccupied with trying to avoid jail right now?
Crypto Influencer BitBoy Flies to Bahamas to Find Sam Bankman-Fried - This is What Happened
Prominent crypto influencer Ben Armstrong, aka BitBoy Crypto, has flown to the Bahamas in a bid to talk to Sam Bankman-Fried, FTX founder and its former CEO.
FTX Chaos Prompts Reckoning on Dubai’s Embrace of Crypto Giants
On Oct. 26, days before the collapse of his crypto exchange FTX, Sam Bankman-Fried sat for lunch at an upscale Dubai restaurant, subtly testing the waters for funding at a table of founders, bankers and financiers, including Anthony Scaramucci.
How Did Sam Bankman-Fried Get Away With His Scam for So Long?
What did Sam Bankman-Fried do with FTX and how was it possible that no one saw it coming?
Rich Dad Poor Dad Author: I’m Still Bullish on Bitcoin
After listening to Moss outlining the problems at FTX and numerous fraudulent actions allegedly conducted by its former CEO Sam Bankman-Fried (SBF), the author of Rich Dad Poor Dad, Robert Kiyosaki, emphasized:
After FTX: Does Solana Belong in the Top 20 Cryptos by Market Capitalization?
A little over one year ago, Solana peaked at a fully diluted valuation of over $138 billion. It sits at nearly a $7.6 billion fully diluted market cap today. So should it remain a top 20 crypto by valuation?
SBF Likely to Get Lighter Sentence if Arrested, Predicts XRP Lawyer
John Deaton, XRP holders’ lawyer highlighted that the only legitimate debate here regarding SBF jail is whether it should happen now or after some weeks. This will be decided after acquiring more specific evidence. However, several experts have suggested that there is a lot of evidence to jail SBF now.
FTX Gave $1M to Republican Super-PAC for Senate Races Two Weeks Before Bankruptcy
Two weeks prior to declaring bankruptcy, FTX US reportedly gave $1 million to a Super PAC. A Senate Leadership Fund affiliated with the Republicans, one of the top spenders in the mid-term elections, and multiple other donations were made by the company’s executives.
