John Ray, the current CEO of FTX, blamed the digital currency exchange’s collapse on “grossly inexperienced and unsophisticated individuals” who failed to implement any controls, in prepared testimony for the House Financial Services Committee.
Sam Bankman-Fried, the disgraced former CEO of FTX, agreed on Friday to testify before the House Financial Services Committee under threat of a subpoena after a week of dodging.
After sending more than $1 million in campaign cash to her daughter since 2003, Rep. Maxine Waters’ reelection campaign sent another $8,000 to her daughter in September, according to a Fox News report.
Disgraced former FTX CEO Sam Bankman-Fried was slapped with a campaign finance complaint for alleged “serious violations” of election law as he said he made “dark money” contributions to Republicans and Republican groups during the 2022 primary season.
House Financial Services Committee Chair Maxine Waters reportedly informed a private group of Democrats that she does not plan on subpoenaing Sam Bankman-Fried, the disgraced former CEO of FTX, after the company’s collapse.
Rep. Andy Barr (R-KY), a member of the House Financial Services Committee, said on Monday that if disgraced former FTX CEO Sam Bankman-Fried can do a “media rehabilitation tour,” then he can testify in front of the committee.
Sam Bankman-Fried, the disgraced former CEO of FTX, on Sunday dodged House Financial Services Committee Chair Maxine Waters’ (D-CA) call to testify.
The Department of Justice has requested an independent examination into the collapse of crypto exchange giant FTX, according to a court filing from Thursday evening.
During a recent virtual appearance at the New York Times’ DealBook Summit, FTX founder Sam Bankman-Fried attempted to claim that he was “shocked” by the collapse of the crypto exchange and that he “screwed up.”
Bankrupt crypto lending firm BlockFi has reportedly filed a lawsuit against former FTX CEO and Democrat super donor Sam Bankman-Fried’s holding company Emergent Fidelity Technologies. BlockFi alleges that Bankman-Fried had put up $650 million worth of shares in Robinhood as collateral for a loan that he has since refused to pay.
Disgraced former FTX CEO Sam Bankman-Fried tried to build up a political empire to rival Democrat megadonor George Soros.
Cryptocurrency lender and financial services firm BlockFi has filed for bankruptcy as the fallout of Democrat super donor Sam Bankman-Fried’s FTX exchange collapsing continues to spread.
Amazon Studios is turning the Sam Bankman-Fried FTX cryptocurrency scandal into a limited drama series, with Disney-Marvel veterans Joe and Anthony Russo set to produce and direct.
Sam Bankman-Fried, the disgraced former FTX CEO who Elon Musk mocked via Twitter, is actually a partial owner of Twitter thanks to an offer from Musk, according to Semafor. SBF reportedly rolled his $100 million investment in Twitter stock into an ownership stake in Musk’s private company, a claim that Musk disputes. Despite allegedly taking SBF’s money, Musk claimed that when he met Bankman-Fried earlier this year, his “bullshit meter was redlining.”
In a recent article, the Wall Street Journal spoke to a number of FTX employees about the effect the crypto exchange’s collapse had on them. One executive threw up after learning that customers’ money was missing while others expressed anger and resentment towards crypto failure and Democrat super donor Sam Bankman-Fried.
The more we learn about FTX, the worse it looks.
Cryptocurrency lending firm Genesis Global Capital has reportedly asked crypto exchange Binance and private equity firm Apollo Global Management for cash. Genesis is faltering as the FTX contagion continues to spread throughout the cryptocurrency world.
FTX, the cryptocurrency exchange founded by Democrat super donor Sam Bankman-Fried that recently filed for bankruptcy, reportedly owed $3.1 billion to its 50 largest creditors.
The Wall Street Journal reports that during a funding round that raised $420 million for the cryptocurrency exchange FTX, almost three-quarters of the money went directly to founder and Democrat super donor Sam Bankman-Fried.
Former FTX CEO Sam Bankman-Fried and his cofounders donated over $300,000 to nine lawmakers who are now investigating the company for wrongdoing.
On Friday’s broadcast of HBO’s “Real Time,” host Bill Maher stated that FTX CEO Sam Bankman-Fried’s mother, Stanford Law Professor, Barbara Fried, arguing that a belief in personal responsibility is bad makes the FTX collapse the “epitome” of how while the
On Friday’s broadcast of HBO’s “Real Time,” host Bill Maher reacted to former FTX CEO Sam Bankman-Fried’s donations to Democrats by stating that the FTX situation is a case where people thought, “as long as you’re on our team, we
The Intercept begged its readers for donations after the publication revealed that a multimillion-dollar grant from disgraced former FTX CEO Sam Bankman-Fried would be placed “on hold” due to FTX filing for bankruptcy.
John Ray III, the newly appointed CEO of FTX who previously oversaw the restructuring of the infamous energy company Enron, says that he has never before seen “such a complete failure” of corporate controls as he has with FTX.
House Financial Services Committee Chairman Maxine Waters (D-CA) dodged questions on whether Democrats who received donations from the disgraced former FTX CEO Sam Bankman-Fried should return the donations.
Disgraced cryptocurrency exchange FTX founder and Democrat super donor Sam Bankman-Fried lent $1 billion to himself through his hedge fund Alameda Research, which likely sourced the money from FTX customer funds.
The new CEO of FTX, John Ray, III, revealed several wild and shocking items found in the collapsed company’s bankruptcy filing, which include the founder and former CEO Sam Bankman-Fried lending himself $1 billion, and FTX corporate funds being used to buy personal homes, among other things.
One of the most successful congressional stock traders of all time announced that she’s stepping down from her House speakership.
On Thursday’s broadcast of CNBC’s “Closing Bell,” House Financial Services Committee Chair Rep. Maxine Waters (D-CA) denied that there was a failure to provide oversight and regulation of former FTX CEO Sam Bankman-Fried and FTX because of his campaign donations
On Thursday’s broadcast of CNBC’s “Closing Bell,” House Financial Services Committee Chair Rep. Maxine Waters (D-CA) said it’s up to individuals if they return campaign donations from former FTX CEO Sam Bankman-Fried and she “possibly could” advocate people return the money
Democrat super donor and disgraced former FTX CEO Sam Bankman-Fried is set to appear as a speaker for a conference held by the New York Times with Ukraine President Volodymyr Zelenskyy.
Disgraced FTX founder and Democrat super donor Sam Bankman-Fried has finally begun detailing his version of the events surrounding the downfall of the cryptocurrency exchange, at one point telling a journalist via Twitter DM’s that his “effective altruism” ethos was largely an act.
FTX founder Sam Bankman-Fried may have inflated the amount of funds on his failed exchange by “exaggerating the returns or stuffing them,” Breitbart Economics Editor John Carney explained.
The leaders of the House Financial Services Committee announced on Wednesday that the committee will hold a bipartisan hearing in December on the collapse of the digital currency exchange FTX.
NFL star Tom Brady, his ex-wife model Gisele Bündchen, comedian Larry David, and other celebrities are being sued by cryptocurrency investors following the collapse of FTX.
According to people familiar with the matter, FTX founder and Democrat super donor Sam Bankman-Fried still believes that he can raise enough money to make users whole, even though the cryptocurrency exchange filed for bankruptcy last week.
Bankrupt cryptocurrency exchange FTX, founded by disgraced crypto CEO and Democrat super donor Sam Bankman-Fried, could owe money to more than one million people and organizations, according to documents filed in bankruptcy court this week.
The founder of FTX is reportedly spent the weekend trying to raise a new round of financing to plug the $8 billion hole in his firm’s balance sheet.
BlockFi, a platform for crypto-backed loans and trading, may also face bankruptcy due to its exposure to FTX, the beleaguered cryptocurrency exchange that was led by Democrat megadonor Sam Bankman-Fried.
The New York Times appears to be treating disgraced crypto CEO and Democrat megadonor Sam Bankman-Fried, accused of mishandling FTX customer investments on a massive scale, with kid gloves.