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CryptoCurrency

Sam Bankman-Fried Allegedly Diverted $100M of FTX Funds to Political Donations

  • An amendment indictment states that Bankman-Fried used 'straw donors' to influence Congress.
  • SBF was sent to jail ahead of his trial for allegedly tampering with witnesses.
by Jared Kirui
CryptoCurrency

FTX Foundation under Scrutiny as Bankruptcy Team Pursues $71M Recovery

  • The funds were allegedly donated to life science companies.
  • FTX claims the donations were made for Bankman-Fried's 'personal aggrandizement'.
by Jared Kirui
Retail FX

Ex-FTX US President Pivots from Crypto Chaos to AI Revolution

  • Brett Harrison has created an enterprise based on AI.
  • He wants to help retail investors in their daily trading.
by Damian Chmiel
CryptoCurrency

Crypto Lender BlockFi Files for Bankrupty Protection in the US

  • The development comes weeks after BlockFi halted customer withdrawals.
  • The crypto lender owes FTX.US $275 million.
by Solomon Oladipupo
Exchanges

FTX Fallout Reveals a Shambolic Operation

  • The ongoing FTX fallout is revealing a shambolic organization and a dysfunctional ESG system.
  • There is anger on all sides as the former CEO makes erratic statements and avoids responsibility.
by Sam White
CryptoCurrency

FTX’s Bankruptcy: AZA Finance Denounces Listing of Its Entities in Filing

  • AZA Finance said 23 of its entities were erroneously listed in the filing.
  • FTX listed FTX.com, FTX.US, Alameda Research and approximately 130 affiliated companies.
by Solomon Oladipupo
CryptoCurrency

Breaking: FTX Hacked: $1bn Drained from FTX and FTX US Accounts So Far

  • The hack came just hours after Sam Bankman-Fried resigned as the CEO.
  • Speculation is rife of an 'inside job'.
by Finance Magnates Staff
CryptoCurrency

Troubled FTX Files for Bankruptcy as CEO Sam Bankman-Fried Resigns

  • Bankman-Fried has been replaced by John J. Ray III.
  • The bankruptcy proceeding includes FTX.com, FTX.US, Alameda Research and 130+ affiliates.
by Solomon Oladipupo
CryptoCurrency

FTX US Deal with Voyager Offers 72% Funds Recovery

  • Voyager filed for Chapter 11 bankruptcy on July 4.
  • On September 28, FTX US won a bid to acquire the company's digital assets.
by Damian Chmiel
Executives

Brett Harrison Quits as FTX US’ President, Moves into Advisory Role

  • Harrison's resignation comes amidst FTX's acquisition spree.
  • The crypto exchange just won the bid to acquire bankrupt Voyager Digital.
by Solomon Oladipupo
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