25 Breaking News found.
  • Jan 04, 2023

    The Bahamas will have legal representation in the unfolding FTX case. The Caribbean nation chose Brown Rudnick as counsel “in certain matters of engagement related to the collapse of FTX Digital Markets Ltd.,” alongside Bahamian lawyers and other experts, according to a statement released by the law...

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  • Jan 03, 2023

    The 30-year-old crypto businessman, charged with fraud and money laundering, was recently placed under house arrest at his parents' home in California after he was released from custody on a $250 million bail package last week. Ex-FTX chief Sam Bankman-Fried is considering pleading not guilty to fr...

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  • Jan 03, 2023

    2022 was supposed to be the year crypto went mainstream, with a significant chunk of traditional venture capital firms betting heavily on the ecosystem in 2021. However, with one disaster after another, 2022 turned out to be a catastrophic year for the nascent crypto ecosystem. Some of the biggest n...

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  • Dec 30, 2022

    FTX founder and accused crypto-crook Sam Bankman-Fried met with senior White House officials on at least four occasions in the months leading up to his firm's massive implosion, Bloomberg reports. On Sept. 8, SBF met with senior Biden adviser Steve Ricchetti in a previously unreported encounter, Whi...

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  • Dec 27, 2022

    Following the collapse of FTX all eyes have turned to the other opaque offshore exchanges, waiting and wondering which could be insolvent and about to detonate next. The similarities between FTX and Binance are numerous which is a major cause for concern. In the Crypto industry often where there’s s...

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  • Dec 23, 2022

    After spending nine days in Bahamian jail, Sam Bankman-Fried arrived in a Manhattan federal courtroom to face fraud charges over the collapse of FTX. Handcuffed and dressed in a blue suit, he appeared at a bail hearing after entering a plea ahead of the hearing. And then the shocker came: SBF - who ...

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  • Dec 22, 2022

    Sam Bankman-Fried’s ex-girlfriend Caroline Ellison, Alameda CEO, pleaded guilty to charges of fraud and conspiracy. According to US Attorney Damian Williams, Caroline Ellison is cooperating with prosecutors in the Southern District of New York. The SDNY also charged FTX co-founder Gary Wang with fra...

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  • Dec 22, 2022

    On June 6, 2021 I published a column titled “We’ll Know Crypto Is For Real When Its Coins Start Collapsing.” More than most want to admit or realize, failure is growth. A “market” for crypto money defined by the various “currencies” going up, up, and up is less information pregnant. It’s real, but u...

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  • Dec 22, 2022

    Catherine Austin Fitts (CAF), Publisher of The Solari Report and former Assistant Secretary of Housing (Bush 41 Admin.), says the U.S. government is so fraudulent that it will self-destruct much sooner than later.  CAF predicts, “If you look at FTX, my question is how much of the money sent to Ukrai...

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  • Dec 21, 2022

    Bankrupt FTX announced today that it was able to locate around $1.5 billion in assets worldwide.  FTX went bankrupt a couple of months ago.  The company was involved with millions going to corrupt mostly Democrat politicians. We also quickly learned that FTX was involved in Ukraine and the Ukraine g...

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  • Dec 20, 2022

    Six months after the Fed's Quantitative Tightening started, the Fed's balance sheet has shrunk by just over $400 billion, less than 10% of its massive expansion in the post-covid era when it nearly doubled in just days $4 trillion to $7 trillion, and then grew another $2 trillion over the next year....

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  • Dec 20, 2022

    Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, says the problem with auditing cryptocurrency exchanges, like Binance and FTX, is the same as when he started using a new kind of credit default swap. “Our auditors were learning on the job,” he described, adding that...

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