Tag: Alameda

Sam Bankman-Fried is a con man and fraudster of historic proportions. But you might not learn that from the New York Times, CoinDesk’s Chief Insights Columnist David Z. Morris writes. In the weeks since Sam Bankman-Fried’s cryptocurrency empire was revealed to be a house of lies, mainstream news organizations and commentators have often failed to…

Over $400 million outflow crypto exchange FTX and Alameda wallets on Nov. 11. FTX confirmed that there was “unauthorized access” to crypto it is holding following a reported hack. However, Reuters reported that FTX CEO Sam Bankman-Fried built a “backdoor” to his exchange in an effort to change financial records and move funds. Crypto exchange…

New Jersey-based exchange BlockFi informed customers that it would be “limiting platform activity” and paused withdrawals amid the crypto market turmoil caused by FTX collapsing. In June, BlockFi secured a $400 million loan from FTX and potential acquisition terms, hoping the new credit line could help them remain afloat. “We, like the rest of the…

Sam Bankman-Fried, head of FTX, one of the largest crypto exchanges, said he and his company still have a “few billion” on hand to shore up struggling firms that could further destabilize the digital asset industry, adding that the worst of the liquidity crunch has likely passed. Bankman-Fried, 30, who lives in the Bahamas where…

FTX founder and CEO Sam Bankman-Fried said his Alameda Research and FTX could “step in” the situation with Celsius and Three Arrows Capital to prevent further contagion across the crypto sector. He also rejected rumors that Alameda played a part in jeopardizing the stability of Celsius. The downward trajectory that has greeted the crypto market…