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Bankman-Fried, Tom Brady and Other FTX Celebrity Promoters Sued by Crypto Investors

Bankman-Fried, Tom Brady and Other FTX Celebrity Promoters Sued by Crypto Investors

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Nov 16 (Reuters) – U.S. crypto investors have sued FTX founder Sam Bankman-Fried and several celebrities who promoted his exchange, including NFL quarterback Tom Brady and comedian Larry David, claiming that they had engaged in deceptive practices to sell FTX yield digital currency accounts. The proposed class action lawsuit filed Tuesday night in Miami alleges …

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Exclusive: At least $1 billion in client funds missing from bankrupt crypto firm FTX – sources

Exclusive: At least $1 billion in client funds missing from bankrupt crypto firm FTX – sources

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FTX founder Bankman-Fried secretly transferred $10 billion in funds to trading company Alameda – sources Bankman-Fried showed colleagues spreadsheets revealing transfer of funds to Alameda – sources Spreadsheets say between $1 billion and $2 billion of customer money goes unaccounted for – sources Executives set up accounting ‘backdoor’ that thwarted red flags – sources The …

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Musk warns of Twitter bankruptcy as more top executives quit

Musk warns of Twitter bankruptcy as more top executives quit

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November 10 (Reuters) – New owner of Twitter Inc, Elon Musk, on Thursday raised the possibility of the social media platform going bankrupt, capping a chaotic day that included a warning from a U.S. privacy regulator and the exit from the leader in enterprise trust and security. The billionaire in his first mass call with …

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FTX's Bankman-Fried Seeks Funding After Binance Deal Collapses

FTX’s Bankman-Fried Seeks Funding After Binance Deal Collapses

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HONG KONG/SINGAPORE/NEW YORK, Nov 10 (Reuters) – FTX chief executive Sam Bankman-Fried on Thursday launched an urgent campaign to raise funds to save his business as the crypto exchange seeks to fill a $8 billion hole in its finances, according to tweets and a memo to employees. Bankman-Fried said he was in talks with “a …

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Exclusive: Behind the fall of FTX, the fight against billionaires and a failed attempt to save crypto

Exclusive: Behind the fall of FTX, the fight against billionaires and a failed attempt to save crypto

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November 10 (Reuters) – (This story contains language that some readers may find offensive in paragraph 2) On Tuesday morning, Sam Bankman-Fried, owner of cryptocurrency exchange FTX, caught his employees off guard with a grim message. “I’m sorry,” he told them. “I screwed up.” The reason for the mea culpa: its announcement half an hour …

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