Every time it appears that the FTX case is over – a piece of new information emerges about the ongoing scandal. Now, the collapse of the FTX cryptocurrency exchange is under investigation by Bahamas authorities. Local officers are looking into whether any criminal conduct occurred, regarding the company and its CEO, Sam Bankman-Fried. The Royal […]
Tag: FTX
November 14, 2022
November 14, 2022
A Sum Of $1-Billion Lost In Bankman-Friend, FTX Meltdown
In less than two weeks, Sam Bankman-Fried has gone from hero to villain in the crypto industry. Once seen as a proponent for regulation who had the ear of politicians, Bankman-Fried is now at the center of a $32 million meltdown. The Timeline On November 2, a report came out that suggested SBF’s two companies, […]
November 11, 2022
After A Disastrous Week, FTX Files For Bankruptcy — SBF Resigned
FTX, FTX US, and Alameda have officially filed for Chapter 11 bankruptcy. On Twitter, Sam Bankman-Fried also revealed that he will be stepping down from his role as CEO of FTX. SBF stated that he regrets the way things have turned out and that he hopes that the bankruptcy filing “can bring some amount of […]
