cryptocurrency
December 12, 2022 | Caden Pearson
Founder of Crypto Firm FTX Sam Bankman-Fried Arrested in Bahamas
The Bahamas attorney general’s office on Monday announced the arrest of former FTX CEO Sam Bankman-Fried pending extradition to the United States, weeks after the cryptocurrency exchange collapsed. U.S. Attorney Damian Williams confirmed the arrest at the request of the U.S. government in a statement on Twitter. “Earlier this evening, Bahamian authorities arrested Samuel Bankman-Fried at […]
December 9, 2022 | Jack Phillips
FTX’s Sam Bankman-Fried Reveals He Can’t Account for Billions Sent to Alameda Research
FTX founder Sam Bankman-Fried revealed Thursday that he doesn’t know what happened to billions of dollars that customers of his cryptocurrency exchange sent to accounts of his trading company Alameda Research. Speaking to the Wall Street Journal Thursday, Bankman-Fried said that the funds “were wired to Alameda, and … I can only speculate about what happened after […]
November 30, 2022 | Efthymis Oraiopoulos
Young Cryptocurrency Experts Die Suddenly: Tiantian Kullander, Nikolai Mushegian
The sudden death of another cryptocurrency expert has shocked the crypto industry. Tiantian Kullander, 30, died in his sleep on Nov. 23, his company Amber Group said in a statement. Kullander co-founded the Hong Kong-based cryptocurrency software company Amber Group in 2017. His company was in the process of raising $200 million from venture capital […]
November 28, 2022 | Andrew Moran
BlockFi Files for Chapter 11 Bankruptcy Protection as FTX Contagion Spread
BlockFi, one of the largest cryptocurrency lenders in the industry, filed for Chapter 11 bankruptcy protection, according to a new filing on Nov. 28. The company acknowledged that it had “significant exposure” to FTX and ex-CEO Sam Bankman-Fried’s subsidiaries. This, BlockFi says, included “obligations owed to us by Alameda, assets held at FTX.com, and undrawn […]
November 16, 2022 | Jason Perry
FTX Bankruptcy Filing Update: FTX Possibly Lost Money for Over a Million People
Cryptocurrency platform FTX has updated its bankruptcy filing, adding that it could owe money to over a million people. Charlton Haupt, CEO of Bad Astro Society, explains what could be in store for the CEO of FTX, Sam Bankman-Fried.
November 15, 2022 | Paul Greaney
FTX Collapse Sparks Contagion Fears as Crypto.com Withdrawals Jump
The collapse of the crypto exchange FTX has triggered fears of a potential contagion spreading in the market, with withdrawals at another exchange, Crypto.com, jumping after it admitted to making a transaction mistake. FTX, one of the largest crypto exchanges, filed for bankruptcy last week following a report by CoinDesk which revealed that the balance […]
September 10, 2022 | Wire Service
US Seizes $30 Million in Stolen Cryptocurrency From North Korean Hackers
The FBI and private investigators have seized about $30 million worth of cryptocurrency stolen by North Korean regime-linked hackers from a video game company in March, according to a Sept. 8 report by Chainalysis, a U.S. firm that said it worked with the FBI to claw back the stolen money. It’s the latest example of […]
July 27, 2022 | Jason Blair
California Allows Crypto for Political Donations
Residents of California will soon be able to use digital money to donate to state and local political campaigns. Cryptocurrency donors will need to use a federally approved payment processor that will verify their identity in order to prevent anonymous donations.