Tagged: alameda research

January 19, 2023 @ 12:39 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has charged Caroline Ellison, the former CEO of Alameda Research, and Zixiao (Gary) Wang, the former Chief Technology Officer of FTX Trading Ltd. (FTX), for their part in the “multi-year scheme” to commit fraud in regards to FTX, once… Read More

January 19, 2023 @ 12:18 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed a litigation release regarding allegations that Sam Bankman-Fried defrauded equity investors in FTX. The U.S. Attorney’s Office for the Southern District of New York and the Commodity Futures Trading Commission (CFTC) have also announced charges against Bankman-Fried…. Read More

January 12, 2023 @ 8:47 am By JD Alois  |  

Sam Bankman-Fried, founder and former CEO of FTX – once one of the largest crypto exchanges in the world and now in the midst of bankruptcy, has taken to Substack to pleed his case. Bankman-Fried, now effectively under house arrest, claims that if he had… Read More

December 29, 2022 @ 3:42 pm By JD Alois  |  

Funds have been on the move from Alameda Research wallets – mostly in small amounts with the majority being combined into two digital wallets prior to being sent to FixedFloat/ChangeNow. This is according to a report by Martin Lee at Nansen – a blockchain analytics… Read More

December 23, 2022 @ 6:12 pm By JD Alois  |  

Former CEO of Alameda Research Carolyn Ellison has apologized for her misdeeds pertaining to the collapse of FTX as well as Alameda. Gary Wang, FTX co-founder and former CTO, has also acknowledged his errors, according to multiple reports. Both Ellison and Wang have pleaded guilty… Read More

December 22, 2022 @ 2:30 pm By JD Alois  |  

Sam Bankman-Fried, extradited to the US last night, will be released on $250 million, according to multiple reports. The former FTX CEO will be restricted to his parents’ home as part of the deal. Charges against Bankman-Fried were revealed last week. The indictment claims that… Read More

December 21, 2022 @ 11:54 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has joined both the SEC and US Department of Justice in filing fraud charges against Caroline Ellison, former Alameda CEO, and Gary Wang, FTX co-founder and former CTO. The CFTC initially filed the fraud action on December 13 against… Read More

December 21, 2022 @ 11:41 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed charges against former Alameda Research CEO Caroline Ellison and FTX co-founder and former CTO Gary Wang. The enforcement action was due to the pair’s role in the failure of FTX and their roles in a “multiyear scheme to… Read More

December 17, 2022 @ 2:19 pm By JD Alois  |  

  The trifecta of legal action against Sam Bankman-Fried and the failure of FTX blossomed this past week as the US Attorney for the Southern District of New York filed criminal charges against Bankman-Fried. These charges were joined by civil charges filed by both the… Read More

December 15, 2022 @ 12:40 pm By JD Alois  |  

This past Tuesday, the House Committee on Financial Services hosted a hearing with a single witness – John J. Ray, III, the new CEO of FTX. Originally, the Committee had scheduled the former CEO of FTX, Sam Bankman-Fried, to testify, but his arrest the day… Read More

December 13, 2022 @ 12:13 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has filed a complaint in the US District Court for the Southern District of New York against Sam Bankman-Fried, FTX, and Alameda Research. The CFTC complaint charges the defendants with fraud and material misrepresentations in connection with the sale… Read More

December 13, 2022 @ 11:44 am By JD Alois  |  

The US Attorney’s Office, Southern District New York, has unsealed the criminal charges filed against Sam Bankman-Fried and his firms including FTX. The criminal charges were revealed yesterday when the Bahamas announced it expected to extradite Bankman-Fried following a formal request. The indictment states that… Read More

December 7, 2022 @ 11:06 am By JD Alois  |  

This past Mondy, Silvergate (NYSE:SI) CEO Alan Lane took the extraordinary measure of posting a public letter defending his bank’s handling of the accounts of now bankrupt FTX and affiliated hedge fund Alameda Research. Silvergate is a regulated bank that has been a leader in working… Read More

November 16, 2022 @ 10:52 am By JD Alois  |  

The House Committee on Financial Services has announced a hearing on the failure of FTX and its affiliated entities. The announcement was bipartisan in nature as the current Chair of the Committee, Maxine Waters, was joined by Ranking Member Patrick McHenry in announcing the hearing… Read More

November 14, 2022 @ 12:54 am By Omar Faridi  |  

CoinShares International Limited, which claims to be Europe’s largest and longest standing digital asset investment firm, “discloses its exposure to the FTX Exchange, while confirming that the Group has no exposure to FTX’s sister company, Alameda Research.” The ability to withdraw funds from FTX was… Read More

November 13, 2022 @ 5:26 pm By JD Alois  |  

As details of the FTX collapse continue to emerge, criticism has turned into a pile-on in regard to Sam Bankman-Fried’s mismanagement of the crypto exchange and affiliated entities, including his hedge fund Alameda Research. Bankman-Fried is said to be in the Bahamas, where authorities are… Read More

November 9, 2022 @ 4:15 pm By JD Alois  |  

A Fox news correspondent is reporting that Binance has decided purchasing FTX is not a good idea and has declined to acquire the crypto exchange after it got a view of its books. Eleanore Terrett of Fox was first with the news quoting Binance Chief… Read More

June 24, 2022 @ 12:04 pm By Omar Faridi  |  

Digital asset brokerage firm Voyager Digital Ltd. (TSX: VOYG) is reportedly limiting client withdrawals via its platform to $10,000 and to 20 transfers during a 24-hour timeframe. The New York-headquartered company, which secured $485 million in loans during the last week from Alameda Research in… Read More

March 15, 2022 @ 11:07 pm By Omar Faridi  |  

Eizper Chain, the blockchain action-based multiplayer ARPG, has reportedly acquired $2 million in capital via a seed round and private NFT sale. Overall demand for exposure to this blockchain project – the first game in the Eizper gaming franchise – is “accelerating,” according to a… Read More

March 8, 2022 @ 6:31 pm By Tony Zerucha  |  

FBH, and its fully owned subsidiary Moonstone Bank, today announced that it has raised $11.5 million in a private placement from an investment by Alameda Research Ventures. The two entities have committed to making traditional financial systems work for innovative small to medium-sized enterprises that are underserved… Read More