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Keyword: friedbankman

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  • Exclusive: Sam Bankman-Fried to reverse decision on contesting extradition

    12/17/2022 4:15:06 PM PST · by dynachrome · 28 replies
    Reuters ^ | 12-17-22 | Jasper Ward
    Former FTX Chief Executive Sam Bankman-Fried is expected to appear in court in the Bahamas on Monday to reverse his decision to contest extradition to the United States, where he faces fraud charges, a person familiar with the matter said on Saturday. The 30-year-old cryptocurrency mogul was indicted in federal court in Manhattan on Tuesday and accused of engaging in a scheme to defraud FTX customers by using billions of dollars in stolen deposits to pay for expenses and debts and to make investments for his crypto hedge fund, Alameda Research LLC.
  • Sam Bankman-Fried denied he was part of a secret chat group called 'Wirefraud' alongside other top FTX executives

    12/14/2022 5:52:06 AM PST · by dynachrome · 14 replies
    Business Insider ^ | 12-14-22 | Sawdah Bhaimiya
    Sam Bankman-Fried, founder and former CEO of now-defunct crypto-lending firm FTX, denied that he was in a secret chat group called "Wirefraud," hours before his arrest in the Bahamas on Monday. Bankman-Fried responded to a tweet accusing him of being in the chat group saying: "If this is true then I wasn't a member of that inner circle. (I'm quite sure it's just false; I have never heard of such a group.)" The apparent chat group, based on encrypted messaging platform Signal, included members of FTX's inner circle, the Australian Financial Review reported first. Alongside Bankman-Fried, FTX's co-founder Gary Wang,...