Cryptocurrency exchange Coinbase has reached a $100 million settlement with New York regulators, agreeing to pay a $50 million fine for letting customers open accounts with poor background checks, and another $50 million to improve compliance.
A recent report from the Wall Street Journal claims that FTX founder Sam Bankman-Fried borrowed hundreds of millions of dollars from his hedge fund Alameda Research — which allegedly took billions of customer money from FTX — to purchase shares of the stock trading platform Robinhood.
The New York Times recently published an article that suggested there is “lingering sympathy” for disgraced FTX founder and Democrat super donor Sam Bankman-Fried who has been charged with defrauding customers and money laundering, with thousands of people losing money.
Gary Wang, co-founder of FTX, and Caroline Ellison, former co-CEO of Sam Bankman-Fried’s Alameda Research, have both pleaded guilty to federal offenses in the Southern District of New York, according to a statement released by U.S. Attorney Damian Williams this week.
Disgraced FTX founder and Democrat super donor Sam Bankman-Fried has agreed to be extradited to the United States from the Bahamas, where he’s currently being held under charges of fraud.
Disgraced FTX founder and Democrat super donor Sam Bankman-Fried has been arrested on a number of charges including orchestrating a “years-long fraud.” Here are some of the previous allegations made against Bankman-Fried leading up to his arrest.
The Wall Street Journal reports that during a funding round that raised $420 million for the cryptocurrency exchange FTX, almost three-quarters of the money went directly to founder and Democrat super donor Sam Bankman-Fried.
Disgraced cryptocurrency exchange FTX founder and Democrat super donor Sam Bankman-Fried lent $1 billion to himself through his hedge fund Alameda Research, which likely sourced the money from FTX customer funds.