FTX Opposes BlockFi’s Claim to SBF’s Robinhood Shares
U.S. bankruptcy judge to stop BlockFi from laying claim to more than $440 million worth of Robinhood stock purchased by indicted FTX founder. The troubled cryptocurrency exchange FTX asked a bankruptcy judge in the US for help in preventing the crypto loan company BlockFi from seizing shares in Robinhood that its former CEO Sam Bankman-Fried […]
Sam Bankman-Fried released after signing $250 million bond
Former FTX CEO, Sam Bankman-Fried, will be held at home while awaiting trial in the US on allegations of defrauding clients and investors of the bankrupt cryptocurrency exchange. A US judge ruled that the Former FTX CEO, Sam Bankman-Fried , could be released to his parents after signing a $250 million bond. Bankman-Fried did neither […]
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. […]
White House remains silent on returning donations from SBF
White House press secretary Karine Jean-Pierre refused to comment and dodged questions pertaining to if President Joe Biden is planning to return the political donations worth $5.2M from ex-FTX founder Sam Bankman-Fried. Will the president give the contribution back? In a news conference on December 13, Associated Press reporter Zeke Miller questioned, “Does he call […]
Crypto Twitter reacts to Sam Bankman-Fried’s arrest
Following the arrest of ex-FTX CEO Sam Bankman-Fried (SBF) in the Bahamas, the crypto community on Twitter has gone crazy over the surprising news and different people have given their take on the issue. The disgraced FTX founder was detained by the Royal Bahamas Police on December 12 after they learned that the US government […]