Alameda Minted $39.55B USDT, 47% of Tether’s Current Supply
Sam Bankman-Fried’s Alameda Research ordered enormous USDT mints in 2021, as chain data flagged by Coinbase director Conor Grogan indicated. Alameda Research redeemed over $38 billion in Tether tokens in 2021 despite not managing the corresponding amount of assets, according to blockchain data flagged by Coinbase director Conor Grogan . According to Grogan, the total […]
SBF Looks into FTX Lawyer’s Actions in $200M Alameda Loans
Sam Bankman-Fried’s legal team is requesting permission to cross-examine Gary Wang regarding the involvement of FTX attorneys in Alameda loan approvals. Sam Bankman-Fried’s legal team is requesting permission to investigate the alleged involvement of FTX attorneys in issuing $200 million in loans from Alameda, which Gary Wang approved. A court ruling issued on October 1 precluded […]
Sam Bankman-Fried Sues Insurer for Defense Fees as Trial Begins
SBF has coverage for directors and officers through FTX Trading‘s parent company, Paper Bird, but now that two companies have paid out $10 million, the third in line is refusing to pay, according to the lawsuit. As the final preparations for Sam Bankman-Fried’s trial were being made in Manhattan, his counsel filed a lawsuit against […]
Apple Pays $5M for Sam Bankman-Fried Book Rights
The book by Michael Lewis, ‘The Big Short,’ about the former FTX CEO, will be released on October 3rd. SBF’s New York legal proceedings begin on this date. Apple reportedly acquired the rights to the imminent book by Michael Lewis about the former CEO of FTX, Sam Bankman-Fried (SBF), in a competitive bidding process for $5 […]
SBF pleads not guilty plea for all 8 counts against him
Sam Bankman-Fried (SBF) the former CEO of FTX, has entered a not guilty plea to all allegations against him, including wire fraud, securities fraud, and breaking campaign funding rules all of which could result in 115 years in jail. Bankman-counsel Fried’s reportedly submitted a not guilty plea on SBF’s behalf in his first court appearance […]