Showing posts with label FTX. Show all posts
Showing posts with label FTX. Show all posts
Monday, June 17, 2024
Sam Bankman-Fried funded a group with racist ties. FTX wants its $5m back
The Guardian reveals FTX trustees, in charge after the CEO's downfall, allege payments were made with looted funds…
Thursday, December 15, 2022
Sam Bankman-Fried and FTX Engaged in Fraud for Years, Prosecutors Say - The New York Times
From the founding of his cryptocurrency exchange FTX in 2019, Mr. Bankman-Fried engaged in widespread fraud, the federal authorities charged on Tuesday, and used his customers' deposits to finance his political activities, buy lavish real estate and invest in other companies...
Sunday, November 20, 2022
Exec who cleaned up Enron calls FTX mess 'unprecedented' | AP News
"Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here," Ray said. "From compromised systems integrity and faulty regulatory oversight abroad, to the concentration of control in the hands of a very small group of inexperienced, unsophisticated and potentially compromised individuals, this situation is unprecedented."
Friday, November 18, 2022
Economist Nouriel Roubini slams crypto 'con men,' Binance CEO after FTX crash
On a panel hosted by CNBC's Dan Murphy at the Abu Dhabi Finance Week on Wednesday, the New York University professor said there were "seven Cs of crypto": "Concealed, corrupt, crooks, criminals, con men, carnival barkers," and finally, Binance Chief Executive Changpeng Zhao, known as CZ, who spoke on a prior panel at the same conference...
Subscribe to:
Posts (Atom)
Click Older Posts above to see more.