Tag: Alameda Research
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Emoji Culture: FTX Executives Approved Million-Dollar Deals By Emoji!
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The deep fall of crypto exchange FTX is due to a mix of “hubris, incompetence, and greed,” according to a new report from the bankruptcy trustee. The report sharply criticizes the chaos and lack of financial control and accounting mechanisms under founder Sam Bankman-Fried. Million-dollar expenditures were approved by Emoji.
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FTX Case Update: The $250M Bail And The Key Witness Caroline Ellison!
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Sam Bankman-Fried (SBF), the FTX founder and former CEO was extradited to the U.S. from the Bahamas and brought before the court. He was released on $250 million bail. Earlier, his former partners and alleged accomplices in the FTX fraud, Caroline Ellison, and Gary Wang, pleaded guilty and announced their…
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Disgraced Former FTX CEO Sam Bankman-Fried Faced With Criminal Charges And Regulatory Fraud Complaints!
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U.S. authorities have charged disgraced former FTX CEO Sam Bankman-Fried (SBF) with fraud a month after the crypto exchange he founded filed for bankruptcy. Moreover, the U.S. CFTC and the U.S. SEC have filed fraud complaints against SBF and his companies FTX and Alameda Research. The complaints charge them with…
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Web3 Fintech Merge Comes Out of Stealth Mode With $9.5 Million Seed Financing!
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Merge (www.mergedup.com)wants to bring the banking and payment infrastructure into the Web3 economy. After the great excitement about web3 in 2021, more and more new start-ups are emerging to provide financial infrastructure. Merge is one of them. The FinTech was founded by Kebbie Sebastian, a former executive at PayPal and…