Sam Bankman-Fried, a 25-year-old MIT graduate, left the quantitative trading firm Jane Street in 2017 to start his own hedge fund, Alameda Research. At first, the crypto-centric fund focused on low-risk algorithmic trades. After two years of running the business, Bankman-Fried embarked on the ambitious goal of starting a crypto trading exchange that would become…
Bankman-Fried Criticizes New FTX CEO, Questions Why US Customer Funds Still Not Returned
FTX founder Sam Bankman-Fried, who stepped down as CEO after the company’s bankruptcy, put new chief executive and veteran insolvency expert John Ray III in the spotlight with a Twitter post on Thursday. Piggybacking on comments made during The New York Times DealBook summit, Bankman-Fried publicly questioned why FTX customer funds had not been returned…
Recipients of Bankman-Fried’s Political Donations Should Return Money, Legal Experts Say
Former FTX CEO Sam Bankman-Fried’s significant contributions to Democratic candidates and groups have drawn scrutiny, adding to the mounting woes faced by the disgraced crypto boss. Most of the money was sent by Bankman-Fried to political action committees (PACs), with over $38 million going to liberal groups in 2022, with another $990,000 in individual campaign donations…
Former FTX CEO Says He’s ‘Deeply Sorry,’ but Is Unaware of Any Intention to Defraud Investors
Appearing at times contrite, at times evasive, former FTX CEO Sam Bankman-Fried told viewers at a New York Times DealBook Summit that he was “deeply sorry about what happened,” referring to the collapse into bankruptcy of his crypto currency exchange and hedge fund in early November, but that he was unaware of any intentional misuses…
Bankman-Fried Pushed for Crypto Regulation in Weeks Leading Up to FTX Bankruptcy
November 23, 2022
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One month prior to the catastrophic collapse, prominent crypto investors accused FTX founder Sam Bankman-Fried of “quietly lobbying” regulators. For well over a year, the former billionaire offered various suggestions, in interviews and in policy papers, as to how D.C. officials might police the nascent industry. Legislative influence runs in the family. His father, Joseph…
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