Sam Bankman-Fried told Reuters he is still in the Bahamas, as rumors swirled overnight that the ex-CEO of the now-bankrupt FTX had run off to South America.
that a day before filing for bankruptcy protection, FTX's global exchange had $900 million in "easily sellable assets" against $9 billion of liabilities.
Earlier this year, the exchange was valued at $32 billion, and Bankman-Fried was billed as crypto's white knight as he bailed out multiple digital asset companies. Now, its ex-CEO is reportedly facing probes by the Department of Justice, the Securities and Exchange Commission, and the Commodity Futures Trading Commission.
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FTX chief Sam Bankman-Fried resigns as firm files for bankruptcyFTX, one of the world’s largest cryptocurrency exchanges, announced on Friday it will file on bankruptcy, with its CEO, Sam Bankman-Fried, stepping down in the wake of a trading scandal that has embroiled the firm in regulatory inquiries.
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How FTX’s Sam Bankman-Fried Went From Crypto Golden Boy to VillainThe founder of the crypto exchange, until recently seen as a steady hand in the Wild West of digital assets, is now under investigation and his company filed for bankruptcy. His downfall casts a shadow on efforts to make crypto a legitimate part of the financial world.
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Sam Bankman-Fried Sobs After Accidentally Dropping Last Crypto Down Sewer GrateNASSAU, THE BAHAMAS—In the wake of the cryptocurrency exchange he founded filing for bankruptcy amid accusations of mismanaging funds, the last hopes of embattled former FTX CEO Sam Bankman-Fried were reportedly extinguished Friday when several eyewitnesses observed him sobbing after accidentally dropping his last…
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