From his mansion in the Bahamas,eroticism black FTX founder Sam Bankman-Fried has pretty much spoken with anyone who'd give him a platform in order to explain why his crypto empire failed.
U.S. federal prosecutors would very much like to know what happened too, which is why there are now multiple investigationsinto FTX and its founder over allegations of fraud, manipulation, and more.
According to Bloomberg, the U.S. Department of Justice is currently looking into millions of dollars that were allegedly transferred out of FTX and to the Bahamas, where Bankman-Fried resides. The money appears to have been moved while FTX froze withdrawals for its own customers.
In addition to this latest investigation, according to the New York Times, U.S. prosecutors are also looking into whether Bankman-Fried (who also goes by SBF) manipulatedthe market earlier this year and helped play a role in the collapse of the stablecoin Terra and its sister token Luna. The collapse of those two cryptocurrencies sent the entire crypto market into a downward spiral this past summer. The founder of Terra and Luna, Do Kwon, is currently on the lam, hiding from an international arrest warrantfrom South Korean authorities.
These two newly publicized investigations would be in addition to the previously known inquiries regarding whether SBF acted improperly when sending FTX customer funds over to Alameda Research in order to make risky investments.
It has now been a month since FTX filed for bankruptcy. What was once one of the biggest crypto exchanges in the world crumbled in a matter of days following reports that its affiliated hedge fund, Alameda Research, was using FTX customer funds to make trades and was actually insolvent.
Billions in clients' money is lost and billions more has gone unaccounted for. So, peoplehave asked, why is Sam Bankman-Fried, the founder — and, up until the collapse, CEO — of FTX, still a free man? Likely complicating the investigations is just how SBF and FTX's employees ran the business.
"Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here," saidFTX's new CEO, John Ray III, who was appointed following the bankruptcy. It should be noted that Ray is the same individual who was brought in after Enron's collapse in 2001.
SBF has also been quite public with his version of what happened, sitting down for numerous interviews with mainstream media and even random crypto advocates in Twitter Spaces. SBF claimshe didn't do anything improper and the collapse of his crypto empire was simply due to bad business decisions on his and his company's part.
While critics have poked holes in SBF's claims, it seems like we will soon officially know more about the alleged criminal activity SBF is believed to have taken part in.
Topics Cryptocurrency
Is it 'Thunderbolts*' or *The New Avengers'?
Samsung reveals Galaxy Z Fold2, stresses durability after first Fold disaster
Redditor spots 'Legend of Zelda' ingredients in historical novel, author owns it
Ivanka 'stays out of politics'. She'll be deleting these tweets then.
Trump's new tariff plan spares some smartphones, laptops
Stud kitten is feelin' himself after getting a brand new sweater
Don't you wish you could fly free like this beautiful space butterfly?
Facebook removes Trump post for spreading COVID
Fyre Festival and Trump’s Language
Alleged Twitter hacker's bail hearing Zoom
'The Last of Us' Season 2, episode 4: Why Ellie sings 'Take on Me'
Redditor spots 'Legend of Zelda' ingredients in historical novel, author owns it
Rihanna was spotted snuggling with a mysterious man, so naturally everyone freaked out
Google promotes wearing a face mask in helpful Doodle
Best security deal: The 8
These photos of nervous cheetahs playing with their 'support dogs' will make your day
Google may have leaked Pixel 5's launch date
Facebook bans Romanian troll farm that ran fake pro
Chinese scientists have cloned two monkeys to advance human medicine
Samsung takes on AirPods Pro with Galaxy Buds Live
A New Trend in VigilantismWould the world be better if we all deleted Facebook?The Etymology of “Okay”How 'sharenting' boundaries on social media protect kids' privacy and trustWhat to do when your fav becomes cringeApple’s iPhone 15 has the Dynamic Island and 48The Etymology of “Okay”Apple's iPhone 15 launch preview: What to expectNew Dyson products 2023: The V15s Detect Submarine cordless vacuum and mop is finally outWhat David Foster Wallace Taught Paul Thomas AndersonOn the SlaughterRemembering the Last Century’s Craze for Silly HatsR. Crumb’s Very Personal Response to Charlie Hebdo20 things you've seen on TikTok that are available on Amazon (and make great gifts)X has hidden Quote tweets. Here's how to find them.Apple Watch Series 9: What to know ahead of next week's Apple EventThe Morning News Roundup for January 5, 2015iPhone 15 Pro action button: What we know so farFinally, the feminine urge is taking over TwitterRimbaud’s Poetry Inspired an MIT Professor to Rob a Bank On Sun Ra, Self Discovery, and Batman Remembering Irony’s Awkward In Nicholson Baker’s Favorite Vacuum Cleaner Best refurbished Dyson deal: Get an air purifier for up to $209.01 off On May Day, Read Tennyson’s “The May Queen” Heidi Julavits Answers Questions with eBay Auction Items 'Quordle' today: See each 'Quordle' answer and hints for September 21, 2023 Best Kindle deal: 16GB Kindle Scribe on sale for $264.99 On Canceling Plans You’ve Forgot You Made The Art of the Signature Is in Decline This massive massage robot costs $310,000 and is ready to dominate the human race Amazon Alexa is getting a generative AI revamp Top Indian actor wins landmark case against AI 15 internet moments turning 10 in 2022 How chronic urinary tract infections (UTIs) affect your sex life Best earbuds deal: Get Samsung Galaxy Buds up to 53% off Can you recycle sex toys? It depends. Wordle today: Here's the answer and hints for September 22 “Mating” Book Club, Part 6: The Sounds of Silence The Hard Part of Making a Documentary? Chaos. Everywhere.
1.7972s , 8286.078125 kb
Copyright © 2025 Powered by 【eroticism black】,Information Information Network