SBF was extradited overnight from the Bahamas to New York where he's expected to be arraigned Thursday.
Unwind with 12 credits to spend on any audiobook, and free access to the Premium Plus selections, no credits needed.SBF has tried to claim during his post-collapse media tour that he didn’t know what was happening at Alameda Research, the hedge fund he founded along with FTX.
“I don’t want to give banks reasons not to give us accounts and sort of like, especially in 2017, if you named your company, like, ‘we do cryptocurrency, Bitcoin, arbitrage, multinational stuff’ no one’s going to give you a bank account if that’s your company name [...] but everyone wants to serve a research institute,” SBF continued.On top of those criminal charges outlined by the Department of Justice, the SEC announced civil charges against Wang and Ellison late Wednesday.
A lot of people are angry at CZ for this move, including former FTX spokesperson Kevin O’Leary, who was paidto promote FTX. But CZ wasn’t doing anything illegal by asking to cash out his chips. CZ was simply calling SBF’s bluff, despite the fact that CZ is sitting on his own house of cards that could collapse at any moment. Binance’s token is currently the third largest variable priced crypto token in existence behind Bitcoin and Ethereum.
Amazingly, the SEC alleges that SBF was so bad at trading with Alameda, his bad bets immediately caught up with him when the market turned sour.
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Associates of FTX Founder Sam Bankman-Fried Plead Guilty to Criminal ChargesBreaking: Sam Bankman-Fried's former associates Caroline Ellison and Gary Wang pleaded guilty to criminal charges for their roles in fraud that contributed to FTX's collapse, prosecutors say
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Two major FTX figures plead guilty to federal chargesTwo close confidants of Sam Bankman-Fried are cooperating with federal prosecutors.
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FTX co-founder and former CEO at Alameda Research plead guilty to fraudThe charges and guilty pleas of Caroline Ellison and Gary Wang were announced as a U.S. attorney said Samuel Bankman-Fried was in FBI custody en route to the U.S.
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