Ftx Collapse
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FTX founder Sam Bankman-Fried back in the US, released on a $250M bond and placed under house arrest
•Sam Bankman-Fried who is accused of “perpetrating a fraud of epic proportions” has been released to his parents, against a bond of $250 million bond, and will be put under house arrest while he awaits his trial. If convicted, SBF may end up spending the rest of his life in jail.
Sam Bankman-Fried consents to extradition, taken to the US by law enforcement
•FTX’s founder Sam Bankman-Fried is being extradited to the US. While his lawyers are trying to arrange bail, things aren’t looking good. If convicted, SBF could spend the rest of his life in prison
Associates of FTX co-founder Sam Bankman-Fried plead guilty to criminal charges
•Two of Sam Bankman-Fried’s closest associates have pleaded guilty to a number of criminal charges, in a plea bargain which would make them testify against FTX co-founder. The 30-year-old could spend the rest of his life in jail if convicted.
Explained: How the collapse of FTX is giving Binance a chance to become the new face of crypto
•Binance began taking steps in the past year to scrub its reputation as a shadowy giant with no headquarters that doesn’t always follow the rules. Now that FTX has failed, Binance has an opportunity to publicly establish its credibility with investors and regulators
After FTX collapse, Sam Bankman-Fried arrested: What went wrong with the crypto giant?
Fp Explainers •FTX was founded in 2019 by ex-Wall Street trader Sam Bankman-Fried and former Google employee Gary Want. Witnessing incredible growth from its inception, FTX was valued at $32 billion in January. Now, Bankman-Fried has been arrested in The Bahamas just a month after the company filed for bankruptcy
Who is Nishad Singh, the Indian-origin techie under scrutiny for crypto exchange FTX’s collapse?
Fp Explainers •Nishad Singh was part of FTX’s inner circle, which lived together and ran the cryptocurrency empire from the Bahamas. The Indian-origin software engineer was reportedly aware that FTX secretly transferred customer funds worth billions of dollars to its sister firm Alameda Research
Explained: What's next for crypto after the epic collapse of Sam Bankman-Fried's FTX Exchange
•FTX confirmed unauthorised access to its accounts on Saturday, just hours after filing for Chapter 11 bankruptcy protection. The unravelling of the once-giant exchange is sending shockwaves through the industry