Do Kwon, Crypto Fugitive, Led a Very Public Life While on the Run

Do Kwon, the founder of the failed crypto company Terraform Labs, is facing charges by the authorities in both South Korea and the United States.

#bankman-fried-sam, #fugitives, #hk-ftx-trading-ltd-futures-exchange, #kwon-do, #securities-and-commodities-violations, #shkreli-martin-1983, #terraform-labs-pte-ltd, #virtual-currency

The Younger Brother Caught in the Middle of the FTX Investigation

The collapse of Sam Bankman-Fried’s business empire has led federal prosecutors to scrutinize his brother, Gabe, who ran a pandemic-prevention group.

#altruism, #bankman-fried-gabe, #bankman-fried-sam, #content-type-personal-profile, #guarding-against-pandemics, #hk-ftx-trading-ltd-futures-exchange, #lobbying-and-lobbyists, #nonprofit-organizations, #philanthropy, #university-of-colorado, #virtual-currency

Crypto Fugitive Do Kwon Is Arrested in Montenegro, Authorities Say

Mr. Kwon, the entrepreneur behind the failed TerraUSD and Luna cryptocurrencies, was arrested earlier in Montenegro.

#interpol-international-criminal-police-organization, #kwon-do, #montenegro, #securities-and-commodities-violations, #south-korea, #terraform-labs-pte-ltd, #virtual-currency

Investors Try to Parse Powell and Yellen’s Next Moves on Banks

Jerome Powell, the chair of the Federal Reserve, and Treasury Secretary Janet Yellen said that more must be done to rein in banks. What that looks like is unclear.

#banking-and-financial-institutions, #beijing-bytedance-technology-co-ltd, #coinbase-inc, #federal-reserve-system, #internal-storyline-no, #powell-jerome-h, #regulation-and-deregulation-of-industry, #tiktok-bytedance, #virtual-currency, #yellen-janet-l

Crypto Wants Its Shine Back

After a miserable year, cryptocurrency companies are looking for ways to rebrand products that many consumers no longer trust.

#artificial-intelligence, #bankman-fried-sam, #binance, #blockchain-technology, #computers-and-the-internet, #entrepreneurship, #hk-ftx-trading-ltd-futures-exchange, #kwon-do, #start-ups, #virtual-currency, #zhao-changpeng

Silicon Valley Bank Collapse Sets Off Blame Game Between Crypto and Tech

The implosion of the Silicon Valley bank led to finger-pointing, as executives and investors jumped on the crisis for their own messaging.

#banking-and-financial-institutions, #circle-internet-financial-inc, #computers-and-the-internet, #federal-deposit-insurance-corp, #hk-ftx-trading-ltd-futures-exchange, #regulation-and-deregulation-of-industry, #silicon-valley-bank, #start-ups, #venture-capital, #virtual-currency

Manchester United Sale Fetches Billion-Dollar Bids

Several bidders have emerged to buy the English soccer club, promising to pay billions to own a big piece of the world’s most popular sport.

#bridgewater-associates, #dalio-raymond-1949, #internal-storyline-no, #manchester-united-soccer-team, #virtual-currency

Government Cracks Down on Crypto Industry With Flurry of Actions

State and federal agencies have levied fines, brought new cases and issued policy statements to rein in freewheeling practices in recent weeks.

#banking-and-financial-institutions, #commodity-futures-trading-commission, #federal-deposit-insurance-corp, #federal-reserve-system, #justice-department, #kraken-payward-inc, #nexo-financial-llc, #regulation-and-deregulation-of-industry, #securities-and-commodities-violations, #securities-and-exchange-commission, #terraform-labs-pte-ltd, #virtual-currency

Judge Signals Jail Time if Bankman-Fried’s Internet Access Is Not Curbed

The defendant in a widespread cryptocurrency fraud case has been living in a “garden of electronic devices,” the judge says. Tighter restrictions are ahead.

#bankman-fried-sam, #courts-and-the-judiciary, #frauds-and-swindling, #hk-ftx-trading-ltd-futures-exchange, #kaplan-lewis-a, #manhattan-nyc, #virtual-currency

FTX Negotiates for Return of $400 Million From Obscure Hedge Fund

The founders of the trading firm Modulo Capital are in talks with FTX about returning the investment that Sam Bankman-Fried made in the fund.

#bankman-fried-sam, #bankruptcies, #compensation-for-damages-law, #computers-and-the-internet, #corporations, #hedge-funds, #hk-ftx-trading-ltd-futures-exchange, #jpmorgan-chasecompany, #modulo-capital, #shutdowns-institutional, #virtual-currency

Sam Bankman-Fried Needs Tighter Bail Restrictions, Judge Says

A federal judge said he was not satisfied with a plan that lawyers for the disgraced FTX founder struck with prosecutors to limit his use of encrypted messaging apps.

#bankman-fried-sam, #decisions-and-verdicts, #embezzlement, #hk-ftx-trading-ltd-futures-exchange, #instant-messaging, #kaplan-lewis-a, #signal-open-whisper-systems, #text-messaging, #virtual-currency

FTX Inquiry Expands as Prosecutors Reach Out to Former Executives

Federal prosecutors in Manhattan are speaking with lawyers for former officials at the collapsed crypto exchange FTX and scrutinizing the immediate family of its founder, Sam Bankman-Fried.

#alameda-research-llc, #bankman-fried-sam, #bankruptcies, #compensation-for-damages-law, #hk-ftx-trading-ltd-futures-exchange, #securities-and-commodities-violations, #suits-and-litigation-civil, #virtual-currency

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

Is Bitcoin Replacing Gold? Maybe It’s Exactly the Opposite.

Are traditional pet rocks making a comeback?

#bitcoin-currency, #economics-theory-and-philosophy, #gold, #inflation-economics, #interest-rates, #internal-sub-only-nl, #international-trade-and-world-market, #virtual-currency

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

FTX Founder Gamed Markets, Crypto Rivals Say

Sam Bankman-Fried found ways to control the prices of digital coins to benefit his companies, FTX and Alameda, according to cryptocurrency investors.

#alameda-research-llc, #appointments-and-executive-changes, #bankman-fried-sam, #commodity-futures-trading-commission, #hk-ftx-trading-ltd-futures-exchange, #mancheski-denko, #qureshi-haseeb, #reef-finance, #salame-ryan, #samcoin, #securities-and-commodities-violations, #trabucco-sam-alameda, #venture-capital, #virtual-currency

Media Start-up Semafor Plans to Buy Out Sam Bankman-Fried’s Investment

Semafor is one of several media companies that received money from Mr. Bankman-Fried or his affiliates before his cryptocurrency company fell apart and he was charged with crimes.

#advertising-and-marketing, #bankman-fried-sam, #semafor, #smith-ben-e, #smith-justin-b, #start-ups, #venture-capital, #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

FTX Executives Expressed Concern Over Use of Customer Funds, Documents Show

Documents obtained by The New York Times provide new details about the discussions among FTX’s top leaders before the cryptocurrency exchange collapsed in November.

#alameda-research-llc, #bankman-fried-sam, #ellison-caroline-1994, #extradition, #hk-ftx-trading-ltd-futures-exchange, #singh-nishad, #virtual-currency, #wang-zixiao-gary

Crypto Meltdown? Scandals Fail to Shake the Faith of Crypto Executives.

Despite trillions of dollars of losses, a batch of bankruptcies and one very high profile arrest, blockchain’s devotees remain devoted.

#bitcoin-currency, #blockchain-technology, #computer-and-video-games, #nonfungible-tokens-nfts, #virtual-currency

Dogecoin. WeWork. The Metaverse. It was an era of illusory and ridiculous promises.

Dogecoin. WeWork. The Metaverse. It was an era of illusory and ridiculous promises.

#bitcoin-currency, #generation-z, #millennial-generation, #stocks-and-bonds, #united-states-economy, #virtual-currency

CoinDesk Broke Big News About FTX. Now the News Is Closer to Home.

The parent company of CoinDesk, one of the first news sites focused on the industry, faces questions about the operations and financial health of some of its subsidiaries.

#alameda-research-llc, #bankman-fried-sam, #coindesk, #digital-currency-group-inc, #hk-ftx-trading-ltd-futures-exchange, #news-and-news-media, #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

Coinbase Reaches $100 Million Settlement With New York Regulators

The U.S. crypto exchange will pay a $50 million fine for letting customers open accounts with few background checks and spend $50 million to improve compliance.

#banking-and-financial-institutions, #coinbase-inc, #department-of-financial-services-nys, #fines-penalties, #regulation-and-deregulation-of-industry, #securities-and-commodities-violations, #securities-and-exchange-commission, #united-states, #virtual-currency

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

In the Bahamas, a Lingering Sympathy for Sam Bankman-Fried

Residents there have a generous view of the disgraced FTX founder, who has been accused of misusing billions of dollars in customer funds.

#bahama-islands, #bankman-fried-sam, #crime-and-criminals, #extradition, #hk-ftx-trading-ltd-futures-exchange, #united-states, #virtual-currency

How Did Sam Bankman-Fried Make His $250 Million Bail?

Though Mr. Bankman-Fried was not required to pay $250 million, the large amount of the bond in this high-profile case has raised questions about the federal bail process.

#bail, #bankman-fried-sam, #crime-and-criminals, #hk-ftx-trading-ltd-futures-exchange, #united-states, #virtual-currency

Even After FTX, S.E.C. Chair Sees No Need for New Crypto Laws

The Securities and Exchange Commission chair, Gary Gensler, said existing rules were adequate but warned crypto issuers and exchanges on compliance.

#alameda-research-llc, #bankman-fried-sam, #gensler-gary-s, #hk-ftx-trading-ltd-futures-exchange, #securities-and-commodities-violations, #securities-and-exchange-commission, #stocks-and-bonds, #virtual-currency

FTX Co-Founder Sam Bankman-Fried Released on $250 Million Bond

The disgraced cryptocurrency executive appeared in court in Manhattan after his extradition from the Bahamas last night. He was granted bail and will live with his parents in California.

#bankman-fried-sam, #frauds-and-swindling, #hk-ftx-trading-ltd-futures-exchange, #securities-and-commodities-violations, #virtual-currency

Two Executives in Sam Bankman-Fried’s Crypto Empire Plead Guilty to Fraud

Caroline Ellison, the former chief executive of Alameda Research, and Gary Wang, a founder of FTX, are cooperating in the federal criminal case against Mr. Bankman-Fried.

#alameda-research-llc, #bankman-fried-sam, #computers-and-the-internet, #ellison-caroline-1994, #extradition, #frauds-and-swindling, #gary-wang, #hk-ftx-trading-ltd-futures-exchange, #securities-and-commodities-violations, #virtual-currency

Sam Bankman-Fried Is Set for Extradition to U.S.

The FTX founder agreed to be transferred from the Bahamas to face federal charges of fraud.

#bahama-islands, #bankman-fried-sam, #embezzlement, #extradition, #hk-ftx-trading-ltd-futures-exchange, #virtual-currency

Sam Bankman-Fried Agrees to Be Extradited to the US

The disgraced FTX founder, who has been in a Bahamas prison for the past week, was expected to agree to be sent to the United States, before a court hearing descended into confusion.

#bankman-fried-sam, #hk-ftx-trading-ltd-futures-exchange, #prisons-and-prisoners, #securities-and-commodities-violations, #virtual-currency

Sam Bankman-Fried and Allies’ Political Donations Under Scrutiny by U.S.

Federal prosecutors appear to be focusing on possible wrongdoing by cryptocurrency executives, rather than by Democratic or Republican politicians. But the inquiries widen an explosive campaign finance scandal.

#bankman-fried-sam, #campaign-finance, #democratic-congressional-campaign-committee, #democratic-national-committee, #democratic-party, #democratic-senatorial-campaign-committee, #elias-marc-e, #embezzlement, #hk-ftx-trading-ltd-futures-exchange, #midterm-elections-2022, #philanthropy, #political-action-committees, #republican-party, #united-states-politics-and-government, #virtual-currency

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

Why FTX Is Anything But a Traditional Exchange

FTX called itself an exchange. But it was vastly different from stock exchanges, which are highly regulated and barred from engaging in many of the activities FTX pursued.

#bankman-fried-sam, #financial-brokers, #frauds-and-swindling, #hk-ftx-trading-ltd-futures-exchange, #ray-john-j-iii, #regulation-and-deregulation-of-industry, #securities-and-commodities-violations, #stocks-and-bonds, #virtual-currency

Prosecutors Charge that FTX Was Engaged in Fraud from the Beginning

A criminal indictment unsealed on Tuesday and a complaint by the S.E.C. describe years of wrongdoing in Sam Bankman-Fried’s crypto empire.

#alameda-research-llc, #bankman-fried-sam, #campaign-finance, #frauds-and-swindling, #hk-ftx-trading-ltd-futures-exchange, #securities-and-commodities-violations, #securities-and-exchange-commission, #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

In FTX Collapse, Binance Sees a Chance to Become the New Face of Crypto

Sam Bankman-Fried and Changpeng Zhao were archrivals. With FTX gone, Binance, the world’s biggest crypto exchange, is trying to step into the void.

#bahama-islands, #bankman-fried-sam, #binance, #hk-ftx-trading-ltd-futures-exchange, #kraken-payward-inc, #shanghai-china, #suits-and-litigation-civil, #virtual-currency, #zhao-changpeng

FTX’s Sam Bankman-Fried Arrested in the Bahamas, Officials Say

A statement by the government of the Bahamas said Mr. Bankman-Fried was arrested after prosecutors in the United States filed criminal charges.

#bahama-islands, #bankman-fried-sam, #hk-ftx-trading-ltd-futures-exchange, #justice-department, #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

The Crypto Crowd Holds a Glittery Awards Night, Despite Fiascoes

The Crypties was intended as a gala evening in Miami to celebrate the currencies of the future. It turned out to be more of a roast.

#awards-decorations-and-honors, #nonfungible-tokens-nfts, #parties-social, #virtual-currency

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

Watch a Live Interview With Sam Bankman-Fried.

Register for a free live interview on Nov. 30 with Mr. Bankman-Fried, the former chief executive of the failed crypto exchange FTX, by Andrew Ross Sorkin.

#bankman-fried-sam, #hk-ftx-trading-ltd-futures-exchange, #sorkin-andrew-ross, #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