SBF Receives Special Treatment Inside Bahamian jail
Sam Bankman-Fried (SBF) was held in the sick bay where he reportedly had access to running water, a toilet, a TV and vegan food. Sam Bankman-Fried (SBF), the former CEO of FTX, who was sent to the notorious Fox Hill Prison in Nassau , Bahamas while an investigation into the demise of his exchange was […]
Silvergate faces class-action lawsuit over FTX, Alameda dealings
The suit is looking to hold Silvergate accountable for its alleged roles in transferring FTX user deposits to Alameda bank accounts. Concerning funds held by troubled cryptocurrency firms FTX and Alameda Research, a class action complaint was filed at the California Southern District Court against Silvergate Bank, Silvergate Capital Corporation, and Silvergate CEO Alan Lane. […]
Amber Group raises $300M in series C funding after FTX contagion
The new funding from Fenbushi aims to help Amber address some of the “significant drawdowns” as an aftermath of the FTX default. Fenbushi Capital US, a venture capital firm specializing in blockchain technology, led a new $300 million Series C investment round for Amber, the business announced on Twitter on December 15. Due to FTX’s […]
Bahamian Securities Regulator Slams New FTX CEO
Bahamian securities regulator has slammed FTX’s new CEO for his statements regarding the ongoing investigation into the bankrupt crypto exchange. Bahamian regulators say that they were the first to take action against SBF, and that recent actions of the current CEO hindered their investigation. The new CEO of FTX has come under fire from the […]
Alameda Had Special Access To FTX Funds: CFTC Filing
CFTC court filing outlines a murky relationship between FTX and Alameda Research, highlighting the latter’s unfair trading advantage. The shady partnership between FTX and Alameda Research, in which the hedge fund was given a “unfair” trading advantage and unheard-of access to user holdings on the cryptocurrency exchange, is still coming to light in court documents. […]