Photo illustration: Sarah Grillo/Axios. Photo: Eva Marie Uzcategui/Bloomberg via Getty Images The Block, a media company that says it covers crypto news independently, was secretly funded for over a year with money funneled to The Block’s CEO by the disgraced cryptocurrency trading company. of Sam Bankman-Fried, sources told Axios. why is it important: The payments, …
Sam Bankman-Fried, Founder and Managing Director of FTX Cryptocurrency Derivatives Exchange, during a Senate Agriculture, Nutrition, and Forestry Committee hearing in Washington, DC on Wednesday, February 9, 2022. Sarah Silbiger | Bloomberg | Getty Images FTX founder Sam Bankman-Fried agreed to testify before the House Financial Services Committee during a hearing into the crypto exchange’s …
Sam Bankman-Fried agrees to voluntarily testify at US House hearing on Tuesday Read More »
Sam Bankman-Fried, Founder and Managing Director of FTX Cryptocurrency Derivatives Exchange, during an interview on an episode of Bloomberg Wealth with David Rubenstein in New York, U.S., Wednesday August 17, 2022. Jeena Moon | Bloomberg | Getty Images An ethics watchdog group has asked the Federal Election Commission to investigate former FTX CEO Sam Bankman-Fried …
Hackers who stole an estimated $477 million worth of cryptocurrency from collapsed FTX exchange began laundering the funds in bitcoins. This month, after FTX filed for bankruptcy, new CEO John Ray III said that “unauthorized access to certain assets has occurred.” Blockchain analytics firm Elliptic estimates that around $477 million worth of cryptocurrency was stolen …
Hackers begin laundering part of $477 million stolen from crypto exchange FTX Read More »
From the bankruptcy of FTX and the downfall of crypto “rock star” Sam Bankman-Fried to the mayhem on Twitter, it hasn’t been a good week for the geniuses of capitalism. Elon Musk’s abrupt and in some cases already reversed decisions since taking over the social media company confirm his claim that his tenure so far …
