Former FTX top attorney assisted US authorities in Bankman-Fried case – Business Today | NutSocia

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

FTX co-founder and ex-head of hedge fund Alameda Research respectively… – CNN | NutSocia

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

What happened to crypto? How the house of cards falls – Forbes | NutSocia

| Getty Images The central theses While 2021 spawned many crypto success stories and ordinary people became millionaires, 2022 reversed course as trillions of dollars were wiped out of space. FTX’s catastrophic collapse hurt investor confidence, and this debacle has claimed many lives after an already challenging year for digital assets. There were times in … Read more

Sam Bankman-Fried ran FTX like a ‘personal fief’ as the firm spent $300m on luxury real estate – New York Post | NutSocia

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

FTX, Sam Bankman-Fried and his parents bought $121 million property in the Bahamas: report – New York Post | NutSocia

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