Crime

Caroline Ellison, the former Alameda CEO who has pleaded guilty to seven criminal charges, received $6 million from the crypto-trading firm – a fraction of the billions paid to Sam Bankman-Fried, court filings reviewed by Insider show.

Alameda Research has been accused of using customer deposits from Bankman-Fried’s crypto exchange FTX for daily operations, including risky investments. FTX filed for Chapter 11 bankruptcy protection on November 11 after it imploded, wiping out billions in customer deposits.

Disgraced ex-cryptocurrency kingpin Sam Bankman Fried and his since-bankrupt company FTX scored a meeting with a top regulator and sought to sway them to adopt industry-friendly rules months before the exchange’s historic collapse, emails show.

In May 2022, FTX pitched the Federal Deposit Insurance Corporation on why it was apparently poised to be a “superior” cryptocurrency exchange and was swiftly granted a meeting with its chairman, Martin Gruenberg, according to emails obtained by the watchdog Protect the Public’s Trust and shared with the Washington Examiner.

CEO to Prison Bitch is going to be a harsh adjustment unless his Democrat bribes get him a spot in Club Fed.

Thousands of people are believed to have lost their savings after investing in a cryptocurrency trading app called iEarn Bot.

Experts who have investigated the company say it could be one of the largest crypto scandals to date.

Trading in cryptocurrencies has become popular, with people often promised large rewards over short periods.

Sam Bankman-Fried’s defunct crypto exchange FTX owes Jimmy Buffett’s Margaritaville resort nearly $600,000 — more than 10 times what was previously thought — and meanwhile racked up a $400,000 DoorDash tab ahead of its bankruptcy, court papers revealed this week.

In November, FTX’s investment affiliate Alameda Research was reportedly sought after by Margaritaville resort in the Bahamas over a $55,319 bar tab.

Sam Bankman-Fried, a co-founder of FTX, received more than $2bn (£1.7bn) from entities linked to the collapsed cryptocurrency exchange into his personal accounts, according to court filings.

Bankman-Fried and five members of his inner circle transferred a total of $3.2bn into their personal accounts through “payments and loans”, according to US bankruptcy court filings in Delaware made by FTX’s new management.

FTX was once worth as much as $40bn but rapidly collapsed in November after a surge in customer withdrawals as rival exchange Binance reversed a plan to bail out its competitor. FTX admitted it did not have sufficient assets in reserve to meet the sudden increase in customer demand.

If true he may well be the next Madoff.