SBF was extradited overnight from the Bahamas to New York where he's expected to be arraigned Thursday.
Unwind with 12 credits to spend on any audiobook, and free access to the Premium Plus selections, no credits needed.SBF has tried to claim during his post-collapse media tour that he didn’t know what was happening at Alameda Research, the hedge fund he founded along with FTX.
“I don’t want to give banks reasons not to give us accounts and sort of like, especially in 2017, if you named your company, like, ‘we do cryptocurrency, Bitcoin, arbitrage, multinational stuff’ no one’s going to give you a bank account if that’s your company name [...] but everyone wants to serve a research institute,” SBF continued.On top of those criminal charges outlined by the Department of Justice, the SEC announced civil charges against Wang and Ellison late Wednesday.
A lot of people are angry at CZ for this move, including former FTX spokesperson Kevin O’Leary, who was paidto promote FTX. But CZ wasn’t doing anything illegal by asking to cash out his chips. CZ was simply calling SBF’s bluff, despite the fact that CZ is sitting on his own house of cards that could collapse at any moment. Binance’s token is currently the third largest variable priced crypto token in existence behind Bitcoin and Ethereum.
Amazingly, the SEC alleges that SBF was so bad at trading with Alameda, his bad bets immediately caught up with him when the market turned sour.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sam Bankman-Fried’s Ex-Girlfriend and Other FTX Execs Plead Guilty to Criminal ChargesCaroline Ellison, the former CEO of Alameda Research, a trading firm started by Bankman-Fried, and Gary Wang, who co-founded FTX along with Bankman-Fried, pleaded guilty to charges “related to their roles in the fraud that contributed to FTX's collapse,” U.S. Attorney Damian Williams said Wednesday night.
Read more »
Sam Bankman-Fried's ex-girlfriend, FTX co-founder plead guilty to criminal chargesSam Bankman-Fried's ex-girlfriend and the co-founder of FTX have each pleaded guilty to criminal charges and are cooperating with prosecutors, U.S. Attorney Damian Williams says.
Read more »
Associates of FTX founder plead guilty to criminal chargesNASSAU, Bahamas (AP) — Two associates of Sam Bankman-Fried have pleaded guilty to criminal charges related to the collapse of the cryptocurrency exchange FTX in cooperation deals, a federal prosecutor announced Wednesday as Bankman-Fried was on his way back to the United States from the Bahamas.
Read more »
Associates of FTX Founder Sam Bankman-Fried Plead Guilty to Criminal ChargesBreaking: Sam Bankman-Fried's former associates Caroline Ellison and Gary Wang pleaded guilty to criminal charges for their roles in fraud that contributed to FTX's collapse, prosecutors say
Read more »
Two major FTX figures plead guilty to federal chargesTwo close confidants of Sam Bankman-Fried are cooperating with federal prosecutors.
Read more »
FTX co-founder and former CEO at Alameda Research plead guilty to fraudThe charges and guilty pleas of Caroline Ellison and Gary Wang were announced as a U.S. attorney said Samuel Bankman-Fried was in FBI custody en route to the U.S.
Read more »