A new session of Congress has begun in the United States. CoinDesk journalists calculated that out of 535 newly elected senators, 196 people received money from Sam Bankman-Fried (SBF). This is more than a third of the total. Former FTX CEO Sam Bankman-Fried, along with other top FTX executives, donated...
Tesla, SpaceX and Twitter CEO Elon Musk has suggested that Sam Bankman-Fried, the founder and former CEO of FTX, “probably” donated up to $1 billion to the Democrats. In a recent Twitter discussion, Will Manidis, CEO of healthcare AI platform Science, called Sam Bankman-Fried’s donations to politicians “one of the...
Following the announcement that the FTX Group filed for bankruptcy, investigations began against the managers of the crypto exchange and affiliated companies. According to leaked documents, Sam Bankman-Fried’s FTX exchange accounts held only $900 million in liquid assets, while FTX’s liabilities already exceeded $9 billion the day before the bankruptcy....
Sam Bankman-Fried’s FTX crypto exchange has filed for bankruptcy, and the billionaire himself is stepping down as chief executive officer. FTX has recently been the third crypto exchange in the world. Its collapse began with a Coindesk article that came out on November 2 and caused investors to flee. It,...
Sam Bankman-Fried’s FTX crypto exchange has filed for bankruptcy, and the billionaire himself is stepping down as chief executive officer. FTX has recently been the third crypto exchange in the world. Its collapse began with a Coindesk article that came out on November 2 and caused investors to flee. It,...
Yesterday we talked about the fact that the Binance exchange is ready to buy out its unlucky competitor. But after a superficial audit, the largest crypto exchange stated that it would not be able to help FTX clients as the scale of FTX’s problems is “beyond Binance’s control and capabilities.”...
Last Sunday, Binance CEO Changpeng Zhao (CZ) announced that the company is seeking to get rid of FTT, the FTX “utility” FTT token, which has since fallen more than 80% from above $22 to below $5. The decision was prompted by a CoinDesk investigation that revealed details of the balance...
