The Unknown Hedge Fund That Got $400 Million From Sam Bankman-Fried

After the collapse of FTX, prosecutors and lawyers have scrutinized its discredited founder’s huge investment in Modulo Capital.

#alameda-research-llc, #albany-new-providence-bahamas, #amherst-college, #bahama-islands, #bankman-fried-sam, #bankruptcies, #crime-and-criminals, #ellison-caroline-1994, #frauds-and-swindling, #goelman-aitan-d, #manhattan-nyc, #massachusetts-institute-of-technology, #virtual-currency, #williams-damian-attorney

Genesis, a Crypto Lending Firm, Files for Bankruptcy

Genesis was caught in the fallout of the collapse of FTX, the crypto exchange founded by Sam Bankman-Fried.

#bankman-fried-sam, #bankruptcies, #computers-and-the-internet, #digital-currency-group-inc, #genesis-global-capital, #hk-ftx-trading-ltd-futures-exchange, #regulation-and-deregulation-of-industry, #virtual-currency

In Hunt for FTX Assets, Lawyers Locate Billions in Cash and Crypto

Lawyers for FTX have identified cash and digital assets that would go toward repaying customers and lenders of the collapsed exchange.

#alameda-research-llc, #banking-and-financial-institutions, #bankman-fried-sam, #bankruptcies, #bitcoin-currency, #hk-ftx-trading-ltd-futures-exchange, #ray-john-j-iii, #suits-and-litigation-civil, #sullivancromwell, #virtual-currency

Sam Bankman-Fried Makes First Detailed Response to Fraud Charges

The disgraced founder of the crypto exchange FTX denied that he stole anyone’s money and said customers could still get their deposits back.

#alameda-research-llc, #banking-and-financial-institutions, #bankman-fried-sam, #bankruptcies, #computers-and-the-internet, #frauds-and-swindling, #hk-ftx-trading-ltd-futures-exchange, #virtual-currency

Bed Bath & Beyond Warns of Possible Bankruptcy

The home goods retailer said weak sales and slower foot traffic had forced it to consider options for restructuring, including bankruptcy.

#bankruptcies, #bed-bathbeyond-inc, #black-friday-and-cyber-monday-shopping, #shopping-and-retail

Sam Bankman-Fried Pleads Not Guilty to Fraud and Other Charges

The founder of the collapsed cryptocurrency exchange FTX, who was released on a $250 million bond, returned to New York to appear in court on Tuesday.

#alameda-research-llc, #bankman-fried-sam, #bankruptcies, #computers-and-the-internet, #frauds-and-swindling, #fried-barbara-1951, #hk-ftx-trading-ltd-futures-exchange, #social-media, #suits-and-litigation-civil, #virtual-currency

They Were Promised an End to Homelessness. Now They Face Eviction.

A Harlem building beckoned a group of families desperate for a home, only to serve them another cruel twist.

#affordable-housing, #bankruptcies, #decisions-and-verdicts, #department-of-social-services, #harlem-manhattan-ny, #homeless-persons, #renting-and-leasing-real-estate, #suits-and-litigation-civil

Restaurateur, Political Donor, Tipster: The Many Roles of FTX’s Ryan Salame

The co-chief executive of an FTX unit who told regulators about wrongdoing at the exchange was a big Republican donor. He also bought restaurants.

#alameda-research-llc, #bahama-islands, #bankman-fried-sam, #bankruptcies, #berkshires-mass, #campaign-finance, #democratic-party, #georgetown-university, #great-barrington-mass, #hk-ftx-trading-ltd-futures-exchange, #law-and-legislation, #lobbying-and-lobbyists, #midterm-elections-2022, #republican-party, #securities-and-commodities-violations, #suits-and-litigation-civil, #united-states-politics-and-government, #virtual-currency

Sam Bankman-Fried’s Parents Under Scrutiny in FTX Collapse

The FTX founder Sam Bankman-Fried’s mother and father, who teach at Stanford Law School, are under scrutiny for their connections to their son’s crypto business.

#bankman-fried-sam, #bankman-joseph, #bankruptcies, #barbara-fried, #colleges-and-universities, #computers-and-the-internet, #hk-ftx-trading-ltd-futures-exchange, #law-and-legislation, #law-schools, #nonprofit-organizations, #philanthropy, #stanford-university, #virtual-currency

Sam Bankman-Fried Agrees to Testify Before House Committee

The FTX founder said on Twitter he would appear before a House committee next week, but was quiet about a similar request from a Senate committee.

#alameda-research-llc, #bankman-fried-sam, #bankruptcies, #brown-sherrod, #hk-ftx-trading-ltd-futures-exchange, #securities-and-commodities-violations, #senate-committee-on-banking-housing-and-urban-affairs, #virtual-currency

Inside the Frantic Texts Exchanged by Crypto Executives as FTX Collapsed

A group chat including crypto leaders shows Binance’s Changpeng Zhao accusing FTX’s Sam Bankman-Fried of orchestrating trades to destabilize the industry.

#alameda-research-llc, #bankman-fried-sam, #bankruptcies, #binance, #computers-and-the-internet, #hedge-funds, #hk-ftx-trading-ltd-futures-exchange, #virtual-currency, #zhao-changpeng

FTX Founder Sam Bankman-Fried Faces Market Manipulation Inquiry

Federal prosecutors are investigating whether Sam Bankman-Fried and his hedge fund orchestrated trades in a way that led to the collapse of two cryptocurrencies in May.

#alameda-research-llc, #banking-and-financial-institutions, #bankman-fried-sam, #bankruptcies, #hedge-funds, #hk-ftx-trading-ltd-futures-exchange, #securities-and-commodities-violations, #securities-and-exchange-commission, #virtual-currency

Small Investors Who Jumped Into Crypto on FTX Say, Now What?

Many small investors who piled into cryptocurrencies on FTX, BlockFi and other platforms are recognizing the perils of investing in an unregulated industry.

#advertising-and-marketing, #alameda-research-llc, #bahama-islands, #banking-and-financial-institutions, #bankman-fried-sam, #bankruptcies, #blockfi-inc, #hk-ftx-trading-ltd-futures-exchange, #personal-finances, #regulation-and-deregulation-of-industry, #shutdowns-institutional, #suits-and-litigation-civil, #united-states, #virtual-currency

The Crypto Industry Struggles for a Way Forward After FTX Collapse

The implosion of the exchange FTX shows how an industry built in the wake of the 2008 financial crisis has drifted far from its original ideals.

#banking-and-financial-institutions, #bankman-fried-sam, #bankruptcies, #binance, #bitcoin-currency, #coinbase-inc, #computers-and-the-internet, #gensler-gary-s, #hk-ftx-trading-ltd-futures-exchange, #regulation-and-deregulation-of-industry, #virtual-currency, #zhao-changpeng

How the Collapse of Sam Bankman-Fried’s Crypto Empire Has Disrupted A.I.

Mr. Bankman-Fried and his colleagues spent more than $530 million to battle what they saw as the dangers of artificial intelligence. Now those efforts are reeling.

#artificial-intelligence, #bankman-fried-sam, #bankruptcies, #computers-and-the-internet, #grants-corporate-and-foundation, #hk-ftx-trading-ltd-futures-exchange, #philanthropy, #research, #start-ups, #think-tanks, #venture-capital, #virtual-currency

Sam Bankman-Fried Interview: Read the Transcript

In a discussion with Andrew Ross Sorkin of The New York Times, Sam Bankman-Fried blamed “huge management failures” and sloppy accounting for the collapse of the FTX cryptocurrency exchange.

#alameda-research-llc, #appointments-and-executive-changes, #banking-and-financial-institutions, #bankman-fried-sam, #bankruptcies, #bitcoin-currency, #bitfinex, #committee-on-foreign-investment-in-the-united-states-cfius, #compensation-for-damages-law, #credit-and-debt, #frauds-and-swindling, #futures-and-options-trading, #high-net-worth-individuals, #hk-ftx-trading-ltd-futures-exchange, #new-york-times, #news-and-news-media, #ponzi-and-pyramid-schemes, #regulation-and-deregulation-of-industry, #sorkin-andrew-ross, #stocks-and-bonds, #suits-and-litigation-civil, #united-states, #venture-capital, #virtual-currency

Sam Bankman-Fried Blames ‘Huge Management Failures’ for FTX Collapse

Mr. Bankman-Fried spoke at The New York Times’s DealBook conference, in his first public appearance since his crypto exchange imploded.

#alameda-research-llc, #bankman-fried-sam, #bankruptcies, #conflicts-of-interest, #hk-ftx-trading-ltd-futures-exchange, #virtual-currency

‘No Cooperation’: How Sam Bankman-Fried Tried to Cling to FTX

Emails and text messages show how lawyers and executives struggled to persuade the 30-year-old entrepreneur to give up control of his collapsing crypto exchange.

#alameda-research-llc, #appointments-and-executive-changes, #bankman-fried-sam, #bankruptcies, #computers-and-the-internet, #dexter-zach, #e-mail, #miller-ryne, #ray-john-jay-iii, #shutdowns-institutional, #text-messaging, #virtual-currency

BlockFi Files for Bankruptcy as FTX Fallout Spreads

BlockFi was financially entangled with FTX, and its stability was thrust into uncertainty after FTX collapsed.

#bankruptcies, #blockfi-inc, #hk-ftx-trading-ltd-futures-exchange, #regulation-and-deregulation-of-industry, #virtual-currency

Caroline Ellison Was a Little-Known Crypto Trader. Then FTX Collapsed.

Caroline Ellison, who ran the cryptocurrency trading firm Alameda Research, has found herself at the center of Sam Bankman-Fried’s collapsed crypto empire.

#alameda-research-llc, #altruism, #bankman-fried-sam, #bankruptcies, #binance, #computers-and-the-internet, #content-type-personal-profile, #ellison-caroline-1994, #hk-ftx-trading-ltd-futures-exchange, #shutdowns-institutional, #virtual-currency, #zhao-changpeng

Inside Sam Bankman-Fried’s Quest to Win Friends and Influence People

In just three years, the FTX co-founder built a massive operation to woo politicians, regulators and nonprofits to support his crypto goals.

#bankman-fried-sam, #bankruptcies, #behnam-rostin, #better-markets-inc, #campaign-finance, #commodities, #commodity-futures-trading-commission, #computers-and-the-internet, #democratic-party, #elections-state-legislature, #federal-election-commission, #fetterman-john-1969, #futures-and-options-trading, #hk-ftx-trading-ltd-futures-exchange, #kelleher-dennis-m, #lobbying-and-lobbyists, #midterm-elections-2022, #nonprofit-organizations, #philanthropy, #political-action-committees, #regulation-and-deregulation-of-industry, #republican-party, #securities-and-commodities-violations, #securities-and-exchange-commission, #stabenow-debbie, #united-states-politics-and-government, #virtual-currency, #wetjen-mark-p

Genesis, the Troubled Crypto Lender, Hires a Restructuring Adviser

The firm has been under pressure from its creditors since the crypto exchange FTX began to unravel this month.

#bankruptcies, #genesis-global-capital, #hk-ftx-trading-ltd-futures-exchange, #moelisco, #virtual-currency

FTX Assets Still Missing as Firm Begins Bankruptcy Process

A substantial amount of the company’s assets are missing, an FTX lawyer told a bankruptcy judge on Tuesday.

#alameda-research-llc, #bankman-fried-sam, #bankruptcies, #cyberattacks-and-hackers, #hk-ftx-trading-ltd-futures-exchange, #justice-department, #securities-and-exchange-commission, #sullivancromwell, #virtual-currency

Sam Bankman-Fried, The Man Who Was Supposed to Save Crypto

The spectacular rise and fall of Sam Bankman-Fried and FTX.

#audio-neutral-informative, #bankman-fried-sam, #bankruptcies, #virtual-currency

How Alameda, FTX’s Sister Firm, Brought the Crypto Exchange Down

Alameda Research was Sam Bankman-Fried’s first company. He built FTX partly to help Alameda’s trading business. Then things got out of control.

#alameda-research-llc, #bankman-fried-sam, #bankruptcies, #conflicts-of-interest, #hk-ftx-trading-ltd-futures-exchange, #virtual-currency

New FTX CEO Calls the Crypto Exchange’s Corporate Control a ‘Complete Failure’

“This situation is unprecedented,” said John J. Ray III, who helped manage Enron after its collapse in an accounting fraud scandal in 2001.

#bankman-fried-sam, #bankruptcies, #hk-ftx-trading-ltd-futures-exchange, #ray-john-j-iii

FTX’s In-House Performance Coach Is Just as Surprised as You Are

George K. Lerner, a psychiatrist who has worked at the collapsed crypto exchange FTX since last year, said he had no knowledge of wrongdoing at the firm.

#anxiety-and-stress, #bankman-fried-sam, #bankruptcies, #drugs-pharmaceuticals, #high-net-worth-individuals, #hk-ftx-trading-ltd-futures-exchange, #labor-and-jobs, #psychiatry-and-psychiatrists, #regulation-and-deregulation-of-industry, #sequoia-capital, #workplace-environment

FTX, Collapsed Crypto Exchange, Could Owe More Than 1 Million Creditors

In a court filing on Monday, the cryptocurrency exchange said it was in touch with “dozens” of regulators across the world.

#bankman-fried-sam, #bankruptcies, #commodity-futures-trading-commission, #hk-ftx-trading-ltd-futures-exchange, #regulation-and-deregulation-of-industry, #suits-and-litigation-civil, #virtual-currency

How Sam Bankman-Fried’s FTX Crypto Empire Collapsed

Mr. Bankman-Fried said in an interview that he had expanded too fast and failed to see warning signs. But he shared few details about his handling of FTX customers’ funds.

#bahama-islands, #bankman-fried-sam, #bankruptcies, #binance, #computers-and-the-internet, #hk-ftx-trading-ltd-futures-exchange, #hong-kong, #musk-elon, #virtual-currency, #zhao-changpeng

Investors Who Put $2 Billion Into FTX Face Scrutiny, Too

Venture capital firms and investment funds showered the failed crypto exchange and its founder with money. There were few strings attached.

#bankman-fried-sam, #bankruptcies, #blackrock-inc, #computers-and-the-internet, #entrepreneurship, #hk-ftx-trading-ltd-futures-exchange, #lightspeed-venture-partners, #regulation-and-deregulation-of-industry, #ribbit-capital, #secret-inc, #sequoia-capital, #softbank-corporation, #start-ups, #third-point-llc, #venture-capital, #virtual-currency

Embattled Crypto Exchange FTX Files for Bankruptcy

The announcement capped a stunning week that has sent shock waves through the crypto industry.

#appointments-and-executive-changes, #bankman-fried-sam, #bankruptcies, #binance, #hk-ftx-trading-ltd-futures-exchange, #virtual-currency

As the Fed Raises Rates, Worries Grow About Corporate Bonds

Executives, analysts and bond traders are all wondering if corporate finance is about to unravel as interest rates rise.

#automobiles, #bankruptcies, #bed-bathbeyond-inc, #carvana-co, #credit-and-debt, #credit-ratings-and-credit-rating-agencies, #inflation-economics, #interest-rates, #real-estate-commercial, #recession-and-depression, #revlon-inc, #rite-aid-corporation, #shopping-and-retail, #stocks-and-bonds, #united-states, #united-states-economy

They Lost Crypto in the Crash. They’re Trying to Get It Back.

In a frenzied effort, investors are trying to recover lost funds from Celsius Network, a crypto firm that imploded this summer.

#alex-mashinsky, #banking-and-financial-institutions, #bankruptcies, #bitcoin-currency, #celsius-network-llc, #compensation-for-damages-law, #computers-and-the-internet, #suits-and-litigation-civil, #virtual-currency, #voyager-digital

The Rajapaksa Family Promised Sri Lanka Prosperity, but Brought Destitution

The Rajapaksas fall, and take Sri Lanka with them.

#bankruptcies, #china, #politics-and-government, #rajapaksa-gotabaya, #rajapaksa-mahinda, #sri-lanka

New Mexico Archdiocese to Settle Sex Abuse Claims for $121.5 Million

The settlement announced by the Archdiocese of Santa Fe is among the largest of its kind involving the Catholic Church in the United States.

#archdiocese-of-santa-fe, #bankruptcies, #child-abuse-and-neglect, #compensation-for-damages-law, #priests, #roman-catholic-church, #santa-fe-nm, #sex-crimes

Facing Judgment, Alex Jones Pleads for Help From the ‘Deep State’

Scrambling to shield a fortune built on misinformation, the Infowars broadcaster is seeking legal protection from the federal government he scorns.

#bankruptcies, #compensation-for-damages-law, #infowars, #jones-alex-1974, #newtown-conn, #newtown-conn-shooting-2012, #sandy-hook-elementary-school-newtown-conn, #storming-of-the-us-capitol-jan-2021, #suits-and-litigation-civil, #united-states-politics-and-government

Alex Jones’s Infowars Files for Bankruptcy

The conspiracy theorist and his companies are facing lawsuits over his false claims about the Sandy Hook school shooting.

#bankruptcies, #infowars, #jones-alex-1974, #newtown-conn-shooting-2012, #suits-and-litigation-civil

A Producer Seeks a Broadway Comeback, Mired in Offstage Drama

With the musical “Paradise Square” preparing to open Sunday, Garth Drabinsky is hoping to re-establish himself after serving time in a Canadian prison for fraud.

#bankruptcies, #barrymore-ethel-theater, #content-type-personal-profile, #drabinsky-garth-h, #frauds-and-swindling, #livent-inc, #paradise-square-play, #theater

‘You Murdered My Daughter’: Relatives of OxyContin Victims Confront the Sacklers

It was the first time, after years of lawsuits, that the family that owns Purdue Pharma was forced to hear directly from families who had lost loved ones to addiction.

#bankruptcies, #drug-abuse-and-traffic, #opioids-and-opiates, #oxycontin-drug, #pain-relieving-drugs, #purdue-pharma, #sackler-family, #sackler-david, #sackler-richard-1945, #sackler-theresa-1949, #suits-and-litigation-civil, #your-feed-science

Sacklers and Purdue Reach Settlement as Opioids Crisis Continues

The agreement brought holdout states on board, and would settle thousands of lawsuits over the company’s and family’s roles in the opioid epidemic. The Sacklers agreed to pay an extra billion dollars.

#bankruptcies, #compensation-for-damages-law, #office-of-the-united-states-trustee, #opioids-and-opiates, #oxycontin-drug, #purdue-pharma, #sackler-family, #suits-and-litigation-civil, #your-feed-healthcare

Kohl’s Receives $9 Billion Offer Backed by Activist Investor

The offer comes as the retailer, like other brick-and-mortar stores, struggles with supply chain problems and competition from online sites.

#acacia-research-acacia-technologies, #bankruptcies, #e-commerce, #kohls-corporation, #mergers-acquisitions-and-divestitures, #real-estate-commercial, #shopping-and-retail, #starboard-value-lp, #stocks-and-bonds, #supply-chain

How Being Sick Changed My Health Care Views

A chronic illness made me more left-wing and more libertarian at once.

#bankruptcies, #centers-for-disease-control-and-prevention, #food-and-drug-administration, #great-britain, #health-insurance-and-managed-care, #independent-payment-advisory-board, #innovation, #lyme-disease, #medicaid, #multiple-sclerosis, #patient-protection-and-affordable-care-act-2010, #united-states

Judge Approves Deal to Resolve Puerto Rico Bankruptcy

The plan restructures $33 billion in debt nearly five years after Puerto Rico became the first U.S. state or territory to essentially declare bankruptcy.

#bankruptcies, #credit-and-debt, #puerto-rico

Boy Scouts $2.7 Billion Settlement Plan at Risk of Failing

Of the tens of thousands of Boy Scouts victims who voted on a settlement plan, 73 percent supported it, just below a critical threshold of 75 percent.

#bankruptcies, #boy-scouts, #child-abuse-and-neglect, #rockwell-norman

Toys ‘R’ Us Tries to Come Back, Four Years After Bankruptcy

The retailer, which had closed all its U.S. stores, has resurfaced at the American Dream mall in New Jersey, just in time for the holidays.

#american-dream-meadowlands-east-rutherford-nj, #bankruptcies, #shopping-and-retail, #shopping-centers-and-malls, #toys, #toysrus-inc

China Evergrande Makes Payment to Dodge Default, Media Says

The troubled property giant faced the threat of default if it didn’t meet its obligations to foreign bondholders by Saturday.

#bankruptcies, #china, #china-evergrande-group, #economic-conditions-and-trends, #real-estate-and-housing-residential, #stocks-and-bonds

Johnson & Johnson Subsidiary Seeks Bankruptcy Protection to Handle Talc Product Claims

The company said the Chapter 11 bankruptcy filing was intended to resolve current and future claims that its products cause cancer.

#bankruptcies, #boy-scouts, #johnsonjohnson, #ovarian-cancer, #suits-and-litigation-civil, #usa-gymnastics

PG&E Faces Criminal Charges Over California Wildfire

Charges including manslaughter arise from a blaze that killed four last year. A state inquiry said the utility’s power lines were involved.

#bankruptcies, #california, #electric-light-and-power, #fines-penalties, #pacific-gas-and-electric-co, #shasta-county-calif, #wildfires

China Evergrande Bond Payment Remains Uncertain

A payment on China Evergrande’s dollar-denominated bonds was due Thursday. By the end of the business day in New York, the company had still not said publicly whether it made the payment or planned to.

#banking-and-financial-institutions, #bankruptcies, #china, #china-evergrande-group, #credit-and-debt, #economic-conditions-and-trends, #hsbc-holdings-plc, #stocks-and-bonds, #ubs-ag

U.S. Seeks to Block Bankruptcy Plan That Would Free Sacklers From Opioid Claims

The Justice Department has been appealing the deal, approved earlier this month.

#bankruptcies, #drain-robert-d, #justice-department, #oxycontin-drug, #pain-relieving-drugs, #purdue-pharma, #sackler-family, #suits-and-litigation-civil