Inside FTX’s All-Night Race to Stop a $1 Billion Crypto Heist
By the evening of November 11 of last year, FTX’s staff had already endured one of the worst days in the company’s short life. What had recently been one of …
sam bankman-fried
‘A Galactic Embarrassment’: The Crypto World Is Already Sick of SBF’s Trial
“The idea that crypto is on trial, I find ludicrous. An individual is on trial,” says Sheila Warren, CEO of the Crypto Council for Innovation, a body advocating for regulation …
SBF’s close friend reveal he admitted FTX couldn’t cover $8B debt
He was in a real pickle. Sam Bankman-Fried confessed that his crypto hedge fund could have trouble covering an $8 billion debt while playing “padel” tennis -— a racquet sport …
Everybody’s Talking About the Wrong Sam Bankman-Fried Book
Lewis got more access to Sam Bankman-Fried than anyone, but his book doesn’t tell a new story. It’s a perfectly serviceable primer for people who haven’t been following the FTX …
FTX Workers Knew About Alameda’s Backdoor into Customer Funds: Report
Last year, it took reporters digging into Alameda Research’s balance sheet to finally show that ex-FTX CEO Sam Bankman-Fried’s big crypto house of cards was built on a shaky bedrock …
Sam Bankman-Fried Made Reasonable Business Decisions, Lawyers Claim
Sam Bankman-Fried’s cryptocurrency exchange FTX may have lost at least $8 billion in customer money, but he “didn’t intend to defraud anyone,” his defense team said Wednesday during the opening …
Sam Bankman-Fried Is a Terrible Client
In the weeks after Sam Bankman-Fried’s FTX crypto exchange began to crumble last November, he chose to ignore the most basic piece of legal advice: Say nothing, or risk incriminating …
Why Silicon Valley Falls for Frauds
Aditiya Baradwaj joined crypto-trading firm Alameda Research when it was run out of an anonymous first-floor office in downtown Berkeley, California. It was September 2021, and the day Baradwaj arrived, …
‘I would have heard it’
Gossip that top executives at bankrupt crypto giant FTX were enmeshed in a sex-fueled “polycule” is exaggerated at best, according to a former employee — who claims they instead spent …
The Global Victims of FTX’s Collapse Won’t Get their Day in Court
At first, Anand thought it was just a glitch. He’d read a few tweets saying that withdrawals from FTX—then the second-largest cryptocurrency exchange in the world—had been suspended. But these …