SBF Arrested, Faces Fraud Allegations from US SEC

In a Tuesday press release, the US Securities and Exchange Commission announced charges against disgraced FTX founder Sam Bankman-Fried. The charges come shortly after Bahamian authorities took custody of the ex-CEO of the now-defunct exchange. SBF Falsely Promoted FTX The SEC’s complaint pointed out that Bankman-Fried had pushed his exchange platform as a reliable option for crypto trading. As such, since May 2019, the Bahamas-based firm was able to raise over $1.8B from equity investors. About $1.1B of this reportedly…

‘The Block’ CEO Steps Down Following Revelations of Secret SBF Funding

Mike McAffrey – CEO of The Block – has accepted millions of dollars in undisclosed funding from disgraced FTX boss Sam Bankman-Fried. The former billionaire’s aid was split across three loans – each for $12 million, $15 million, and $16 million. The first loan, received in April 2021 through a holding company MJMCCAFFREY, was used by McAffrey to lead a buyout and restructuring of the crypto media site.  The next was accepted in January 2022 by another LLC, “Lonely Road,”…

SBF Dubs Potential FTX Relaunch a “Productive Path Forward”

FTX founder and CEO Sam Bankman-Fried has not lost hope in the troubled firm’s chances of resurgence. The troubled founder revealed in his reply to a recent tweet that he thinks reopening the exchange could set the platform back on track. Also today, SBF continued his well-documented spat with Binance founder Changpeng Zhao. Neuner Shares Plans to Restore FTX, Bankman Fried Agrees It began on Friday morning when CNBC crypto trader Ran Neuner shared a potential course of action for…

FTX’s SBF is a Master Manipulator, Says Changpeng Zhao

In a lengthy Twitter post on Tuesday, Binance CEO Changpeng Zhao called out the founder of failed crypto exchange FTX. Zhao slammed Sam Bankman-Fried in a tweet describing him as “one of the greatest fraudsters in history.” CZ Corrects Untrue Assumptions, Says Crypto is Fine CZ’s post originally aimed to address false statements the crypto billionaire claimed he had come across in recent times. The first thing Zhao spoke about was the idea that he wanted to be the savior…

Maxine Waters Urges SBF to Testify Before Congress

Maxine Water – chairwoman of the House Financial Services Committee – is doubling down on requests for Sam Bankman-Fried (SBF) to appear on Capitol Hill.  The California representative said it is imperative he testifies before congress on December 13th, despite his hesitation.  On Sunday, SBF responded to Waters’ initial invitation to testify, in the spirit of assisting the now-insolvent FTX’s customers and investors. The former CEO said he would testify once he felt he had a firm understanding of what happened…

Crypto Community Confronts SBF for First Time Since FTX Collapse

After nearly three weeks in the dark from the media, former FTX chief Sam Bankman-Fried is finally making public appearances. On Thursday, he partook in a live Twitter space to take questions directly from the crypto community. Here are the highlights from his interview and questioning. Sam Bankman-Fried said he is making media appearances in the name of transparency. He believes the community deserves answers. SBF claimed that he had little relationship with Alameda Research, over worries about conflicts of interest.…

Elon Musk Blasts Legacy Media’s ‘Gingerly’ SBF Coverage

While busy managing Twitter, Elon Musk has still been keeping up with the drama surrounding FTX and its former CEO, Sam Bankman-Fried (SBF). The billionaire has written numerous tweets this week signaling his distaste for SBF and media outlets covering him uncritically.  Musk began by ripping into the Wall Street Journal on Monday. The outlet published an opinion piece claiming that FTX ultimately failed “because Sam Bankman-Fried’s supporters lost confidence in him.” “Yeah umm … that is definitely not the…

“You’re a Fraud”: How CME Chief Terry Duffy Called Out SBF in March

Terry Duffy – CEO of CME Group – says he was never fooled by the praise surrounding former FTX chief Sam Bankman-Fried.  In a recent interview, the CEO revealed that he called Bankman-Fried (SBF) a fraud to his face during an in-person meeting in March.  Detecting the Fraud During an interview with CNBC’s On The Tape podcast last week, Duffy recounted his encounter with SBF 7 months ago. Meeting for the first time, SBF told Duffy that his goal was…

SBF and FTX are Frauds and Thieves, Says Kraken’s New CEO

During a recent interview, leading exchange Kraken’s incoming CEO David Ripley shared his thoughts about last week’s FTX saga. Ripley did not hold back in his criticism of the exchange, as he blasted the team alongside Sam Bankman-Fried calling them thieves. This comes after outgoing CEO, Powell, had branded SBF “sociopathic”. Ripley said on Friday: I think, what it boils down to from all the information we have [and] this bankruptcy report that has now been released is that FTX…

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