Former FTX top attorney Daniel Friedberg has been working with US prosecutors investigating the crypto firm’s collapse, a source familiar with the matter said, adding to the pressure on founder Sam Bankman-Fried, who was arrested last month on criminal charges was arrested for fraud. Friedberg provided details of FTX at a meeting with two dozen … Read more
CNN — Two senior executives linked to collapsed crypto exchange FTX have pleaded guilty to multiple criminal charges and are cooperating with federal prosecutors, according to unsealed court filings. In addition, the couple faces civil fraud charges from the Securities and Exchange Commission, which were announced Wednesday night. Gary Wang, the co-founder of FTX, and … Read more
Sam Bankman-Fried treated FTX like a “personal fiefdom” as he and a handful of employees raided the now-defunct crypto exchange’s coffers to fund an epic spending spree that included a $300 million squandering on Bahamas real estate, the company’s lawyers claimed. FTX’s bankruptcy team detailed the 30-year-old bankman-fried’s wild spending in a closely watched court … Read more
Disgraced FTX ex-CEO Sam Bankman-Fried, his parents and other executives at the bankrupt platform have amassed fortunes over the past two years from real estate in the Bahamas, according to a report Tuesday, according to a report Tuesday. Bankman-Fried and his associates own at least 19 properties in the island chain valued at nearly $121 … Read more