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…
Former FTX CEO Says He’s ‘Deeply Sorry,’ but Is Unaware of Any Intention to Defraud Investors
Bankman-Fried Discusses Democrat Donations, Relationship With Ukraine, and More
FTX founder Sam Bankman-Fried granted a rare interview with independent crypto journalist Tiffany Fong. In the conversation, the elusive founder addressed a number of controversies that have surrounded him over the past few weeks, including commingling client funds, relations with Ukraine, donations to the Democratic party, and more. “I’m not a journalist by profession,” Fong…
Bankman-Fried’s Money Tied to Major Media Outlets, Bringing ‘Journalistic Integrity’ Into Question
FTX founder Sam Bankman-Fried gave millions to various media outlets throughout 2022 via his family-run nonprofit, “Building a Stronger Future.” The major companies who received funding include Vox, ProPublica, Semafor, and The Intercept. In some cases, donations appear to be crucial to the viability of the recipients. In a leaked letter to staff members, Roger Hodge,…
Beto O’Rourke Returns $1 Million Campaign Donation to FTX CEO Bankman-Fried: Report
Beto O’Rourke returned a $1 million donation to FTX founder and former CEO Sam Bankman-Fried, the Texas Democrat’s largest campaign contributor between July 1 to Sept. 29. O’Rourke, the failed Texas gubernatorial candidate who lost to Republican incumbent Greg Abbott, returned the contribution four days before the midterm election, his campaign told The Texas Tribune. Bankman-Fried…
Australian Crypto Ownership Drops Following Market Fluctuations in 2022: Research
New research shows fewer Australians are embracing cryptocurrencies (crypto) following the plunges in their value in 2022. However, the sharp fluctuations in prices have not deterred a proportion of the population from getting in deeper into crypto. According to a new report by the digital currency exchange Independent Reserve, the Independent Reserve Cryptocurrency Index (IRCI),…
BlockFi Files for Chapter 11 Bankruptcy Protection as FTX Contagion Spread
BlockFi, one of the largest cryptocurrency lenders in the industry, filed for Chapter 11 bankruptcy protection, according to a new filing on Nov. 28. The company acknowledged that it had “significant exposure” to FTX and ex-CEO Sam Bankman-Fried’s subsidiaries. This, BlockFi says, included “obligations owed to us by Alameda, assets held at FTX.com, and undrawn…
BlockFi Files for Chapter 11 Bankruptcy Protection as FTX Contagion Spreads
BlockFi, one of the largest cryptocurrency lenders in the industry, filed for Chapter 11 bankruptcy protection, according to a statement on Nov. 28. The company acknowledged that it had “significant exposure” to FTX and founder and former CEO Sam Bankman-Fried’s subsidiaries. This, BlockFi says, included “obligations owed to us by Alameda, assets held at FTX.com, and undrawn…
How Deep Is the Corruption?
November 28, 2022
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Commentary The collapse of FTX is not just another crypto scam gone bust due to changed market prices. In its brief life of three years, stretching from 2019 to 2022, it became the 2nd biggest crypto exchange on the planet with billions in venture funding and a million customers. It also had enormous influence over…
Dear Men: Don’t Dress Like Sam Bankman-Fried
November 25, 2022
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Commentary It’s utterly astonishing that so many otherwise intelligent people got taken in by Sam Bankman-Fried, the now disgraced former head of crypto exchange FTX who is still nonetheless invited to speak at a New York Times seminar that costs $2,400 to attend. Part of his supposed appeal was his slovenly dress: t-shirts, cargo shorts,…
FTX Founder Sam Bankman-Fried to Speak at New York Times Event
November 24, 2022
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FTX founder Sam Bankman-Fried noted on Twitter on Nov. 23 that he would speak at an upcoming New York Times summit. “I’ll be speaking with @andrewrsorkin at the @dealbook summit next Wednesday (11/30),” Bankman-Fried posted on Twitter. Andrew Ross Sorkin, the founder and editor-at-large of DealBook at The New York Times, also confirmed that he…
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