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Solana Rallies But Can It Hold If FTX And Alameda Liquidate $192M Worth Of SOL?
Friday, December 22, 2023 - 10:21am | 403Over the past 24 hours, Solana (CRYPTO: SOL) has rallied by a staggering 17%. This dramatic rise appears fueled by ongoing optimism surrounding the blockchain, although concerns persist about potential sell-offs from FTX (CRYPTO: FTT) and Alameda Research. What Happened: According to on-chain...
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If You Invested $1,000 In Bitcoin When Sam Bankman-Fried Was Arrested, Here's How Much You'd Have Today
Friday, November 3, 2023 - 2:28pm | 788A highly publicized trial of former FTX CEO Sam Bankman-Fried reached its conclusion Nov. 2 with the cryptocurrency figure found guilty on seven counts of criminal fraud. Here's a look back at the fall of FTX and Bankman-Fried's arrest, which may have been a good starting point to buy Bitcoin (...
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Former FTX CEO Sam Bankman-Fried Found Guilty On All Criminal Fraud Charges — Faces Up To 115 Years In Prison
Thursday, November 2, 2023 - 8:22pm | 649The former Chief Executive Officer of FTX, Sam Bankman-Fried, has been convicted on seven counts of criminal fraud brought against him, as per a recent jury verdict. What Happened: As CNBC disclosed, Bankman-Fried was found guilty on charges including wire fraud, conspiracy to commit wire fraud,...
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Sam Bankman-Fried Denies Defrauding Investors: 'We Thought We Could Build The Best Product On The Market'
Friday, October 27, 2023 - 11:23am | 664FTX founder Sam Bankman-Fried on Friday denied defrauding investors of their funds and claimed he had genuinely thought he could build the best product on the market. Taking the stand on the second day of his ongoing trial, he was called to the stand by his lawyer Mark Cohen, and was...
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Caroline Ellison's Testimony Reveals Sam Bankman-Fried Was Concerned About 3 Things: Binance, A Saudi Price And Snapchat
Thursday, October 12, 2023 - 2:34am | 664Sam Bankman-Fried, former CEO of FTX, expressed several concerns, including competition from Binance and the need for capital generation, ahead of the crypto exchange’s collapse, as revealed by court testimonies. What Happened: Testifying in court on Wednesday, ex-Alameda CEO Caroline Ellison...
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Caroline Ellison Reveals Manipulated Alameda Balance Sheets In Bankman-Fried Trial
Wednesday, October 11, 2023 - 2:02pm | 563In a revelation that has sent shockwaves through the crypto community, Caroline Ellison, a key figure in the trial of FTX founder Sam Bankman-Fried, on Wednesday disclosed her role in preparing not one, but seven different balance sheets for Genesis, months before the company's bankruptcy...
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Caroline Ellison Drops Bombshell: Bankman-Fried Wanted To Be President
Tuesday, October 10, 2023 - 3:35pm | 850Caroline Ellison, a key figure associated with the cryptocurrency exchange FTX and Alameda Research, on Tuesday testified that Sam Bankman-Fried, the founder of the platform, harbored aspirations of becoming the U.S. president. Ellison Says She Questioned Use Of Customer Funds In 2020:...
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Caroline Ellison Points Finger At FTX's Sam Bankman-Fried In Crypto Fraud Trial
Tuesday, October 10, 2023 - 2:51pm | 502As the trial of Sam Bankman-Fried continued on Tuesday, Caroline Ellison, a former associate, took the stand in a Manhattan courtroom to make accusations against him, testifying that the former flamboyant crypto tycoon, known for his roles at Alameda and FTX, directed her to commit fraudulent...
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Coinbase Director Conor Grogan Estimates Alameda Research Minted Some $40B Of USDT
Tuesday, October 10, 2023 - 1:03pm | 639Coinbase (NASDAQ: COIN) director Conor Grogan shed light on Alameda's significant involvement in Tether (CRYPTO: USDT) minting, suggesting potential arbitrage trading motives. Onchain data indicates that Alameda was responsible for minting a staggering $39.55 billion of USDT, which accounts for...
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Sam Bankman-Fried's Family Drama: Dad Leverages Mom In FTX Salary Dispute
Tuesday, September 19, 2023 - 2:00pm | 474A new court filing has revealed that Sam Bankman-Fried's father, Joseph Bankman, pressured his son for a higher salary while he was working at FTX US, using Sam's mother to do so. In an email to Bankman-Fried, his father wrote, "Gee, Sam I don't know what to say here....
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FTX's Ticking Time Bomb: Dogecoin, Tron, And Polygon May Face Brutal Shockwave
Wednesday, September 13, 2023 - 10:10am | 656Concerns have been raised regarding the potential market impact of FTX's (CRYPTO: FTT) liquidations on certain cryptocurrencies, in an analysis by a crypto analytics firm. Messari's analysis highlights that while major cryptocurrencies like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO:...
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From $26B To Living On Bread And Water: SBF Can't Prepare For Trial, Lawyer Says
Wednesday, August 23, 2023 - 1:19pm | 692Sam Bankman-Fried, the founder of the now-defunct cryptocurrency exchange FTX (CRYPTO: FTT), is reportedly facing challenges in preparing for his upcoming fraud trial due to poor prison conditions, according to his attorney. What Happened: Mark Cohen, the attorney representing the 31-year-old...
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Crypto Billionaire's Brother Planning To Buy An Entire Nation For Apocalypse Bunker
Friday, July 21, 2023 - 10:05am | 693Gabe Bankman-Fried, brother of Sam Bankman-Fried, had plans to purchase the island nation of Nauru using the FTX (CRYPTO: FTT) Foundation. His vision was to establish a haven where "effective altruists" could survive an apocalypse in comfort and luxury. This intriguing plan is one of...
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Central Banks And More Earnings
Thursday, February 2, 2023 - 11:36am | 1432Good Morning Everyone! Especially Mark Zuckerberg who stopped hanging out in the metaverse. Cut costs and returned to cash flow positive. Stock up 20% pre-market set to gain $200 billion. Next catalyst, AI? Prices as of 4 pm EST, 2/1/23; % YTD MARKET UPDATE The U.S. Federal Reserve delivered an...
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Layer-2 Altcoin Shoots Up 49% Despite $445M Alameda Lawsuit
Tuesday, January 31, 2023 - 2:31am | 266Alameda Research, associated with FTX, filed a lawsuit on Monday against Voyager Digital Ltd (OTC: VYGVF) for the recovery of a staggering $445 million. What Happened: Despite this news, the price of Voyager (CRYPTO: VGX) surged by a remarkable 49.2% to $0.76 on Tuesday. This came after...