After graduating from the University of Southern California in 2017, Tiffany Fong started several e-commerce businesses, earning passive income while traveling the world. She recently spoke with The Epoch Times about how she lost a lot of money investing in cryptocurrencies, which prompted her to become involved in exposing scandals in the crypto sector such as…
Sam Bankman-Fried Reveals Plans to Launch New Business After FTX Collapse
FTX founder Sam Bankman-Fried has revealed plans to start a new business venture just weeks after his cryptocurrency exchange spectacularly collapsed. In an interview with the BBC published on Saturday, the 30-year-old—who is facing a number of civil lawsuits brought against both him and his failed company—said he would “give anything” to be able to set up a…
Co-founder of NFT Platform Blockparty Charged With Fraud
The former chief technology officer of Blockparty was arrested on Wednesday after U.S. prosecutors alleged he stole more than $1 million in cash and cryptocurrency from the company, which operates a marketplace for non-fungible tokens. Rikesh Thapa, 28, of San Diego, California, co-founded the company in 2017 and left it in 2019 after refusing to…
FTX Employees Paint Complex Picture of Bankman-Fried
December 9, 2022
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Alameda ResearchBusiness & MarketscryptocurrencyFTXInvestmentMarketsSam Bankman-FriedTechThe BahamasUS
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As with many notorious villains, Sam Bankman-Fried is a complex and contradictory character. In the public eye, he has gone from quirky financial genius and selfless philanthropist to liar, con artist, and thief. But his former employees describe a more nuanced person that is neither angel nor villain. “Of all the things I’ve heard and…
FTX’s Sam Bankman-Fried Agrees to Testify Before Congress
FTX founder Sam Bankman-Fried confirmed Friday that he would testify before Congress, responding to recent demands from the House Financial Services Committee about the crypto exchange’s collapse. This week, House Financial Services Committee Chair Maxine Waters (D-Calif.) wrote that a subpoena for Bankman-Fried to testify next week “is definitely on the table.” A subpoena has not yet been issued,…
Citizen Journalism Faster on the Draw Than Mainstream Media in Uncovering FTX Scandal
News Analysis On Sept. 3, 2022, veteran short-seller Marc Cohodes leveled several bold accusations at crypto exchange FTX and its founder Sam Bankman-Fried. Among the many predictions made by the short-seller was the fact that FTX did not have as much money as it claimed. “Everything reads like this thing is a complete scam,” Cohodes…
FTX’s Sam Bankman-Fried Reveals He Can’t Account for Billions Sent to Alameda Research
FTX founder Sam Bankman-Fried revealed Thursday that he doesn’t know what happened to billions of dollars that customers of his cryptocurrency exchange sent to accounts of his trading company Alameda Research. Speaking to the Wall Street Journal Thursday, Bankman-Fried said that the funds “were wired to Alameda, and … I can only speculate about what happened after…
Senate Committee Threatens to Subpoena Bankman-Fried to Compel Him to Testify on FTX Collapse
December 8, 2022
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Business & MarketsCompaniescongresscryptocurrencyDemocratseconomyFTXMarketsMedia & Big TechPoliticsRepublicansSam Bankman-Friedsenate committee hearingUS
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Two U.S. senators are threatening to subpoena Sam Bankman-Fried, the founder of FTX, to compel him to testify at a Senate committee hearing on the collapse of his crypto exchange next week. Senators Sherrod Brown (D-Ohio) and Patrick Toomey (R-Pa.) demanded that Bankman-Fried testify at a Senate Committee on Banking, Housing, and Urban Affairs on…
Financial Regulatory Bodies Vie for Power Over Crypto Industry
The FTX collapse has reignited a power struggle between the two federal agencies—the Commodities Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). Many in the crypto business have pointed to the fact that the two agencies have been battling for domain over digital assets for a long time, which may be one of…
Nigeria Limits Weekly, Daily ATM Cash Withdrawals to Push Digital Currency Use
Nigeria is set to begin limiting cash withdrawals from ATMs to just $45 a day as the country moves toward its goal of becoming a cashless economy and embraces digital currency, including its own “eNaira” cash. In a letter (pdf) to all banks and other financial institutions sent on Dec. 6, Nigeria’s Central Bank said they must…
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