Tag: Sam Bankman-Fried

PREMIERING NOW: Political Donations May Be Why Crypto CEO Is Not in Custody: Rep. Warren Davidson

Rep. Warren Davidson (R-Ohio) sits on the House Financial Services Committee and is the founder of the Sound Money Caucus. He wants to know what the Securities and Exchange Commission (SEC) knew about the state of the now-bankrupt cryptocurrency exchange FTX. He says the SEC was working closely with FTX and should have been well…


PREMIERING 7 PM ET: Political Donations May Be Why Crypto CEO Is Not in Custody: Rep. Warren Davidson

Rep. Warren Davidson (R-Ohio) sits on the House Financial Services Committee and is the founder of the Sound Money Caucus. He wants to know what the Securities and Exchange Commission (SEC) knew about the state of the now-bankrupt cryptocurrency exchange FTX. He says the SEC was working closely with FTX and should have been well…


Political Donations May Be Why Crypto CEO Is Not in Custody: Rep. Warren Davidson

Rep. Warren Davidson (R-Ohio) sits on the House Financial Services Committee and is the founder of the Sound Money Caucus. He wants to know what the Securities and Exchange Commission (SEC) knew about the state of the now-bankrupt cryptocurrency exchange FTX. He says the SEC was working closely with FTX and should have been well…


The FTX Racket Unraveled in Real Time

Commentary One has to appreciate Sam Bankman-Fried’s honesty of late. After running a presumed $32 billion company to zero in a matter of days, he took to Twitter to reveal what many of us already knew. He said that woke is a racket. “In the future, I’m going to care less about the dumb, contentless,…


Crypto Executive Compares Sam Bankman-Fried to Ponzi Conman Bernie Madoff

Crypto exchange Binance’s chief strategy officer Patrick Hillmann has compared Sam Bankman-Fried, CEO of the bankrupt crypto exchange FTX, to the infamous Ponzi scheme mastermind Bernie Madoff. In an interview with CNBC, Hillmann said that venture capitalists were attracted to Bankman-Fried’s persona and appearance of credibility. Bankman-Fried is either like Elizabeth Holmes, founder of the…


FTX Used Corporate Funds to Buy Homes in the Bahamas, Bankruptcy Documents Show

In another example of financial impropriety, FTX was discovered to have used corporate funds to buy homes in the Bahamas and other personal items in the names of employees and company advisors, according to new court documents.   In a 30-page bankruptcy declaration to the United States Bankruptcy Court for the District of Delaware (pdf),…


Economics Is a Force for Truth in a World of Lies

Commentary Who or what can you trust to tell you the truth? That’s the great and burning question of our age. We’ve been failed by politicians and administrative bureaucrats. The media has generally proven itself deeply compromised. We’ve been lied to by legions of people over three years, and betrayed by many more. We’ve seen…


New FTX CEO Blasts Sam Bankman-Fried for ‘Complete Failure’ of Corporate Controls

John Ray, who replaced Sam Bankman-Fried as CEO of crypto platform FTX, said in a new court filing that in his decades of experience overseeing some of the biggest bankruptcies ever, he had never seen anything as bad as FTX, including a “complete failure of corporate controls.” Ray, who once led the infamous energy firm…


The Rise and Fall of FTX and Sam Bankman-Fried 

The collapse of cryptocurrency exchange FTX sent shockwaves throughout global crypto markets, and the unfolding developments involving founder and CEO Sam Bankman-Fried has garnered the attention of Washington lawmakers. From a $32 billion empire to a bankrupt company, the saga persists. But it might be important to take a step back to understand what exactly…


The Rise and Fall of Sam Bankman-Fried’s Crypto Empire

The collapse of cryptocurrency exchange FTX sent shockwaves throughout global crypto markets, and the unfolding developments involving founder and CEO Sam Bankman-Fried has garnered the attention of Washington lawmakers. From a $32 billion empire to a bankrupt company, the saga persists. But it might be important to take a step back to understand what exactly…