Tag: Sam Bankman Fried

RIP BOZO: crypto Twitter [X] reactions to Sam Bankman-Fried verdict

Crypto entrepreneur Sam Bankman-Fried was found guilty in a criminal trial, sparking a deluge of reactions across the Crypto Twitter community. The verdict was delivered by a New York jury on Wednesday night. Bankman-Fried’s trial drew considerable attention, culminating in a guilty verdict that has stirred up the crypto community. The verdict was met with […]

FTX founder Sam Bankman-Fried convicted on fraud charges

Sam Bankman-Fried, co-founder of FTX, has been found guilty of all charges in a high-profile fraud trial. The jury took a mere three hours to decide on the verdict, finding Bankman-Fried guilty on seven counts of fraud and conspiracy. This comes exactly one year after an expose that led to the collapse of his cryptocurrency […]

FTX transfers millions in cryptos to Coinbase as SBF testifies

Embattled crypto exchange, FTX, has transferred another batch of crypto assets, including Chainlink’s LINK and Polygon’s MATIC, worth millions to Coinbase Inc. as the company’s founder, Sam Bankman-Fried, takes the stand in court. The move took place Thursday afternoon, with blockchain data confirming that approximately $2.6 million in LINK and $1.3 million in Adventure Gold […]

Changpeng Zhao tweet led to the collapse of cryptocurrency xchange FTX says Caroline Ellison

The downfall of cryptocurrency exchange FTX has been partially attributed to a tweet by Binance CEO Changpeng “CZ” Zhao, according to former Alameda Research CEO Caroline Ellison. According to former Alameda Research CEO Ellison testified in Sam “SBF” Bankman-Fried’s criminal trial that CZ’s tweet played a role in the demise of FTX. The tweet announced […]

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 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, […]

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, […]