A Closer Look at What Sam Bankman-Fried is Accused of Exactly
The former billionaire's epic flameout and the subsequent US regulatory blitz have left his empire and image in shambles.
The former billionaire's epic flameout and the subsequent US regulatory blitz have left his empire and image in shambles.
It is all coming out in the wash for FTX and Sam Bankman-Fried. The latest revelation is a secret GitHub
Alameda had its orders processed milliseconds faster than its rivals at FTX, giving it a substantial trading edge.
John Ray confirmed what many industry leaders expect, and what Sam Bankman-Fried has avoided directly stating.
"I was certainly not nearly as competent as I thought I was," SBF said regarding the reasons behind FTX's failure.
Users of the blockchain bridge are encouraged to quickly redeem their tokens before they potentially lose all value.
Alameda had $67.5 million invested in an obscure token called “HOLE.”
Alameda lost hundreds of millions covering a client’s unusually large margin position on an obscure token in April 2021.
Alameda's CEO made a suspicious offer to CZ, which the latter ultimately refused.