Prosecutors this week charged Mr. Bankman-Fried with orchestrating a $40 million bribe to Chinese officials to unfreeze funds held by his trading firm, Alameda Research.
Category: HK FTX Trading Ltd (Futures Exchange)
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UBS Taps an Ex-C.E.O. to ‘Pilot’ its Takeover of Credit Suisse
Sergio Ermotti helped the bank recover after the 2008 financial crisis, but faces a tougher task this time around.
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Sam Bankman-Fried Is Charged With Foreign Bribery
Federal prosecutors said Sam Bankman-Fried had instructed employees to pay a $40 million bribe to one or more Chinese officials to help unfreeze trading accounts maintained by FTX’s sister company.
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Do Kwon, Crypto Fugitive, Led a Very Public Life While on the Run
Do Kwon, the founder of the failed crypto company Terraform Labs, is facing charges by the authorities in both South Korea and the United States.
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The Younger Brother Caught in the Middle of the FTX Investigation
The collapse of Sam Bankman-Fried’s business empire has led federal prosecutors to scrutinize his brother, Gabe, who ran a pandemic-prevention group.
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Crypto Wants Its Shine Back
After a miserable year, cryptocurrency companies are looking for ways to rebrand products that many consumers no longer trust.
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Silicon Valley Bank Collapse Sets Off Blame Game Between Crypto and Tech
The implosion of the Silicon Valley bank led to finger-pointing, as executives and investors jumped on the crisis for their own messaging.
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JPMorgan Is Turning On Jes Staley, Ex-Star, Over Jeffrey Epstein
The banking giant has sued Jes Staley over what it said were failures to alert the company to all he knew about Jeffrey Epstein.
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Why Regulators Plan to Sue Over JetBlue’s Deal for Spirit
Regulators looking to block JetBlue’s $3.8 billion bid to buy Spirit Airways think there’s no other way to address their competition concerns.
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Regulators Put More Pressure on Binance, the Crypto Giant
Binance, the world’s biggest cryptocurrency exchange, faces a fresh wave of scrutiny from regulators and lawmakers.
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Why Lawmakers Aren’t Rushing to Police A.I.
Artificial intelligence tools are proliferating throughout society, and getting more powerful. Washington has failed to keep pace.