“I Think They’re Crazy”: Michael Lewis responds back at critics of his new book “Going Infinite”
Author Michael Lewis is pushing back against critics who accuse him of being overly sympathetic to crypto tycoon Sam Bankman-Fried in his latest book. In an interview with ABC News on Wednesday, Lewis contends that these criticisms are misguided, stating “I think they’re crazy.” “There are two sides to this story — the defense’s perspective […]
FTX hacker converts a total of $100M of stolen Ethereum into Bitcoin
The individual responsible for the FTX hack has reportedly converted an additional $25 million of stolen Ethereum (ETH) into Bitcoin (BTC), bringing the total conversion to $100 million. The conversion was carried out over two transactions on October 4th. The transactions were executed with a gap of eight hours, using THORChain Router, a bridge protocol […]
Twelve jurors selected to decide the fate of former FTX CEO Sam Bankman-Fried
The future of Sam Bankman-Fried, ex-CEO of FTX, now rests in the hands of twelve jurors chosen to preside over his fraud trial. A group of 45 candidates was narrowed down to just 12 jurors. This was after they shared details surrounding their background, occupation, education, and personal life. Among the selected are a pregnant […]
Highlights of day 2 of Bankman-Fried fraud trial.
Sam Bankman-Fried, accused of multiple counts of fraud and conspiracy, including wire fraud and conspiracy to commit money laundering, attended the second day of his much-awaited trial on Wednesday. On 2nd day of trial the prosecution and defense presented their opening statements. Prosecutor Thane Rehn put forth allegations that Bankman-Fried misappropriated FTX customer funds for […]
FTX’s Bankman-Fried on trial yet no word on FTT amid discussions on Dogecoin and Solana
The trial of Sam Bankman-Fried, the founder of the now-dissolved FTX exchange, has begun. The trial opened with discussions of Bitcoin, Ethereum, Dogecoin, and Solana, but notably, FTT, the exchange’s native token, was not mentioned. During the first day of trial on Tuesday, the prosecution’s opening statements in the New York district court were primarily […]
Binance CEO turned down $40 million offer to launch crypto Futures Exchange
In a surprising revelation from 2019, it has been disclosed that Binance CEO Changpeng “CZ” Zhao declined a $40 million proposal from then FTX CEO Sam Bankman-Fried to establish a cryptocurrency futures exchange. The offer from Bankman-Fried came in March 2019, as chronicled in Michael Lewis’ book “Going Infinite.” Binance at that time was operating […]
FTX founder lost millions in early days of trading, claims biographer Michael Lewis
Michael Lewis, renowned author, claimed in his biography of Bankman-Fried “Going Infinite.” that Sam Bankman-Fried, founder of Alameda Research, nearly lost millions from initial fundraising efforts. Bankman-Fried raised nearly $170 million from investors who were part of the ‘Effective Altruism’ community. With the intention to invest these funds in the growing, yet inefficient, crypto markets, […]
High-profile crypto trial ex-FTX CEO’s begins
On October 3, the trial of former CEO of FTX, Sam “SBF” Bankman-Fried, commenced, drawing significant attention and activity in a Manhattan courtroom that was filled to capacity. Bankman-Fried, who appeared noticeably slimmer and without his distinctive curly hair, was present for the trial’s opening day. He was seen in a navy suit, accompanied by […]
Sam Bankman-Fried Pondered $5 billion Offer To Trump To Bow Out Of 2024 Race
🚀 GM, Grab your favorite beverage (even if it’s a little early, we won’t tell), and get ready for the juiciest headlines that have been lighting up the Internet this week! 📰 1️⃣ Less Than Stellar Debut For Ethereum Futures Etfs By Vaneck, Proshares, And Valkyrie 2️⃣ Sam Bankman-Fried Pondered $5 billion Offer To Trump […]
Author Michael Lewis criticized over comments on defunct FTX Exchange
Michael Lewis, a well-known financial journalist and author, has been on the receiving end of significant backlash from the cryptocurrency community for his remarks on the now-liquidated FTX exchange. Lewis suggested in a recent interview that FTX had a viable business model. The author implied that if it weren’t for doubts about the exchange’s operations, […]