FTX Collapse

Caroline Ellison Admits To Intentionally Misled Lenders

Key Points: Sam Bankman-Fried and Ellison had agreed to conceal the arrangement by fabricating fake financial statements. Wang stated at…

2 years ago

Paxos Recovers $20 Million Stolen In The FTX Hack

Key Points: 11,184 Paxos Gold (PAXG) tokens worth $20 million which were taken during the FTX hack, have been returned…

2 years ago

Caroline Ellison And Gary Wang Spend Decades In Prison, Detail

Key Points: The maximum penalties are presented for informational purposes only, plea deals often include agreements between prosecutors and defendants…

2 years ago

Modulo Receives One Of Alameda’s Largest Investments At $400 Million

According to CoinDesk, Sam Bankman-Fried's investment company, Alameda Research, loaned $400 million to Modulo Capital, a small company that looks…

2 years ago

Sam Bankman-Fried Agrees To Be Extradited To U.S.

According to Reuters, citing his attorneys, Sam Bankman-Fried, the former CEO of FTX, made the decision on Monday to consent…

2 years ago

Silvergate Shares Are Down 9% Following The News Of The Lawsuit

Following the news of a lawsuit against the bank for its claimed "integral" participation in Sam Bankman-Fried's exchange, Silvergate shares…

2 years ago

Jo Johnson Resigned As Bifinity Adviser, Binance Subsidiary Firm

According to The Telegraph, Joseph Edmund Johnson, the brother of former UK Prime Minister Boris Johnson, quit his advising position…

2 years ago

More Crypto Exchanges Likely To Blow Up, Says Wave Financial CEO

With over $1 billion in assets under management, Wave Financial, a cryptocurrency asset manager, was able to weather the collapse…

2 years ago

Binance Exchange Audit Is Meaningless, Says ‘Big Short’ Investor Michael Burry

Michael Burry, the manager of a hedge fund, claims that the latest audit on Binance's evidence of reserves bears no…

2 years ago

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