Bankruptcy

Bankruptcy
Crypto
Crypto Crash
Crypto Fraud

Bankman-Fried Says Collateral Crashed by $51 Billion as FTX Fell

(Bloomberg) — Sam Bankman-Fried, disgraced founder of the now collapsed crypto exchange FTX and trading house Alameda Research, apologized to staff in a letter that outlined a crash in “collateral” to $9 billion from $60 billion. “I didn’t mean for any of this to happen, and I would give anything to be able to go […]

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Bankruptcy
Crypto
Crypto Crash
Crypto Fraud

FTX’s Bankman-Fried Received $1 Billion Loan From Alameda

(Bloomberg) — FTX co-founder Samuel Bankman-Fried, one of his related companies, and two other top executives at the collapsed cryptocurrency exchange received massive loans from affiliated trading arm, Alameda Research, according to a bankruptcy court filing Thursday. Alameda’s receivables included $4.1 billion in combined loans to “related parties,” according to a footnote in a document […]

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