HK FTX Trading Ltd (Futures Exchange)
Sam Bankman-Fried Responds to Fraud Charges: ‘I Didn’t Steal Funds’
Sam Bankman-Fried, the disgraced cryptocurrency executive, on Thursday made his first detailed response to the criminal charges filed against him last month, arguing that the millions of customers of his collapsed exchange, FTX, could still get their money back. In a statement published on Substack, Mr. Bankman-Fried said that “very substantial recovery remains potentially available.” […]
Know More
Sam Bankman-Fried Arrested in the Bahamas After US Prosecutors File Charges
Follow our live coverage of the arrest of FTX founder Sam Bankman-Fried. Sam Bankman-Fried, the disgraced founder of the collapsed cryptocurrency exchange FTX, was arrested in the Bahamas on Monday after U.S. prosecutors filed criminal charges. “S.B.F.’s arrest followed receipt of formal notification from the United States that it has filed criminal charges against S.B.F. […]
Know More
The Humbling of Coinbase
The bloat was especially severe on Coinbase’s customer-service team. New staff members often felt that they didn’t have enough to do. “I got maybe four phone calls a day for a while,” said David Visini, a customer-service employee who was laid off. “It was dead, dead, dead.” Ms. Choi, the chief operating officer, acknowledged that […]
Know More
Fight Looms Over New York’s Bid to Slow Crypto-Mining Boom
ALBANY, N.Y. — Across the nation, some states are trying to entice cryptocurrency mining companies to set up shop, offering tax incentives in the hopes of creating jobs and of expanding their footing in the tech industry. In New York, lawmakers have moved in a different direction: In the waning hours of its 2022 session, […]
Know More
All Those Celebrities Pushing Crypto Are Not So Vocal Now
In the latest commercial from the virtual currency exchange Crypto.com, titled “Bravery Is a Process,” the star basketball player Joel Embiid walks through Philadelphia while Bill Self, his former college coach, lends the narration. “Even when our path didn’t make sense to everyone else, we kept going,” Mr. Self says in the ad, which made […]
Know More
Sam Bankman-Fried, Crypto Billionaire, Wants Washington to Follow His Lead
Mr. Bankman-Fried spent much of Crypto Bahamas shuttling back and forth from his laptop to the convention stage. Even his mother, Barbara Fried, had trouble getting time alone with him: As she tried to catch his eye one afternoon, a blockchain bro in a polo shirt cornered Mr. Bankman-Fried, asking him to film a birthday […]
Know More