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…
FTX’s Sam Bankman-Fried Reveals He Can’t Account for Billions Sent to Alameda Research
Senate Committee Threatens to Subpoena Bankman-Fried to Compel Him to Testify on FTX Collapse
December 8, 2022
admin
Business & MarketsCompaniescongresscryptocurrencyDemocratseconomyFTXMarketsMedia & Big TechPoliticsRepublicansSam Bankman-Friedsenate committee hearingUS
0 Comment
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…
How Did Firms Like Sequoia and BlackRock Ignore Any Number of Obvious Warning Signs? | Truth Over News
In a story that parallels the Twitter Files disclosure, we are going to be looking into FTX and Sam Bankman-Fried. In what will likely be the first in a series of reports, we are going to begin examining the financial collapse of FTX. This episode will provide more of a high-level overview of what appears…
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…
The Fall of Sam Bankman-Fried and His Crypto Empire: A Timeline
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…
Sam Bankman-Fried Says He ‘Will Testify’ to Congress on FTX Collapse
December 5, 2022
admin
Business & MarketsCompaniescongresscryptocurrencyeconomyFTXMarketsPoliticsSam Bankman-FriedTechUSUS News
0 Comment
Sam Bankman-Fried, the former CEO of bankrupt crypto platform FTX, said Sunday that he “will testify” before Congress on the circumstances around the collapse, though his statement left open the possibility that it could be a while before he actually appears before lawmakers—if ever. Bankman-Fried made the remarks in a response to a Twitter post…
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…
Capitol Report : Lawmakers Investigating FTX Also Benefitted From Company; Sen. Braun Responds to Anti-CCP Protests
It looks like a rail shutdown will be averted; Senators voted Thursday afternoon to impose a tentative agreement on rail workers. President Joe Biden welcomes French President Emmanuel Macron to the White House. What do the two say after Macron openly criticized Biden’s policies? Congress is beginning to look into the collapse of crypto giant FTX….
Capitol Report (Dec. 1): Lawmakers Investigating FTX Also Benefitted From Company; Sen. Braun Responds to Anti-CCP Protests
It looks like a rail shutdown will be averted; Senators voted Thursday afternoon to impose a tentative agreement on rail workers. President Joe Biden welcomes French President Emmanuel Macron to the White House. What do the two say after Macron openly criticized Biden’s policies? Congress is beginning to look into the collapse of crypto giant FTX….
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`