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Report: FTX utilized customer funds to prop up beleaguered Alameda Research

November 16, 2022 -

A Nov. 3 Reuters report elaborated on this claim, citing three people familiar with FTX operations. The sources said Bankman-Fried moved at least at least $4 billion in FTX funds secured by assets in aid of Alameda Research. While two sources disclosed that a portion of the money were customer deposits, the precise value of the assets could not be established.

One of the losses incurred by Alameda Research was a $500 million loan agreement with crypto ...

FINANCIAL FRAUD: Alameda was front-running trades against customers, amassing illicit crypto gains prior to FTX implosion

November 22, 2022 -

Reports indicate that between the start of 2021, around the time of heavily shorted GameStop's meteoric rise, Alameda had begun acquiring about $60 million worth of crypto tokens across 18 listings tied to the Ethereum blockchain, according to an analysis of public blockchain from Argus, a blockchain analytics firm.

Frontrunning is a common occurrence in the crypto world, as well as in the stock world among market makers, but what has been uncovered about Alameda ...

Ultra-woke Alameda County DA falls victim to crimes she refused to prosecute, with SMASHED car window and STOLEN laptop

November 02, 2023 -

The soft-on-crime DA backed by Hungarian globalist billionaire George Soros was targeted in an Oct. 27 burglary. According to the Oakland Police Department (OPD), her work laptop was stolen from her vehicle parked outside the Alameda County Family Justice Center in the city of Oakland. Price's bodyguard parked her $90,000 SUV outside the justice center while she attended an event related to domestic violence.

But upon returning to the vehicle, she found that ...

Mike Adams exposed the FTX / Alameda-style crypto collapse FOUR YEARS AGO in this hilarious “Sh#tcoin and Buttcoin” animation

November 17, 2022 - Adams released the video as part of a Counterthink.com animation series warning people about the "speculative bubble" nature of Bitcoin and other cryptos, which have only increased in number since that time.

Today, there are nearly 21,000 different crypto coins in existence across a variety of subsectors, including metaverses and decentralized finance. Many of these cryptos are Ponzi scheme scams – some would argue that all of them are.

While there is ...

Star witness Caroline Ellison says disgraced FTX founder Sam Bankman-Fried instructed her to COMMIT CRIMES and MISLEAD LENDERS

October 11, 2023 -

The former CEO of Alameda Research-turned-star witness disclosed this when she testified before a federal court in Manhattan on Oct. 10. "Sam directed me to commit these crimes," she remarked following her admission that she, Bankman-Fried and other accomplices had committed fraud.

Ellison started at Alameda as a trader in 2018 and became co-CEO of the firm in October 2021 alongside Sam Trabucco. She became the sole CEO of Alameda in August ...

Sam Bankman-Fried tried to recoup losses by opening fake accounts using IDs of Thai prostitutes

October 13, 2023 -

This is according to Ellison's testimony before a federal court in downtown Manhattan. Ellison, who at the time of the alleged events was serving as the CEO of Bankman-Fried's personal hedge fund Alameda Research, was brought in as the star witness of the prosecution in the trial against Bankman-Fried. (Related: Sam Bankman-Fried directed executives to COMMIT FRAUD for him, including donating over $10 MILLION to Biden.)

Ellison testified that Bankman-Fried directed ...

Disgraced FTX founder Sam Bankman-Fried takes the witness stand

October 29, 2023 -

Mark Cohen, an attorney for Bankman-Fried earlier confirmed the move in an Oct. 25 conference call. According to CNBC, "the decision by his legal team sets him up for a cross-examination by federal prosecutors, who will be able to press him on FTX's collapse."

Bankman-Fried's decision to testify came after lawyers from both sides were able to secure an adequate supply of his medication for attention-deficit hyperactivity disorder. His lawyers had previously argued before ...

PAYING OFF THE COMMIES: Sam Bankman-Fried of FTX funneled $40 million in crypto bribes to CCP officials

March 30, 2023 -

Federal prosecutors in Manhattan have hit SBF with a new 13-count indictment accusing him of conspiring to violate the anti-bribery provisions of the Foreign Corrupt Practices Act with the aforementioned actions, which are illegal under United States law.

Prosecutors have asked U.S. District Judge Lewis Kaplan to arrange a court hearing for the purpose of arraigning SBF on these new charges. A letter to the judge reads as follows:

"The S5 Indictment, which was unsealed ...

FTX founder and Democrat super donor Sam Bankman-Fried lent $1 billion to himself through his hedge fund

November 18, 2022 - 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.

(Article by Alana Mastrangelo republished from Breitbart.com)

On Thursday, it was revealed by FTX’s new CEO John Ray, III that the collapsed company’s bankruptcy filing shows it had lent billions of dollars in customer funds to Alameda Research. ...

CRYPTO CARNAGE: Bankman-Fried ‘lent’ billions in customer funds to his trading firm, setting the stage for implosion

November 10, 2022 -

(Article by Tyler Durden republished from ZeroHedge.com)

If @SBF_FTX took $6 billion in client funds from FTX and secretly syphoned them to fund his "teenage investing wizards" at Alameda, he should go to prison for a long time.

— zerohedge (@zerohedge) November 9, 2022

That, as The Wall Street Journal reports, citing a person familiar with the matter, is what set the stage for the carnage and chaos across the crypto space that has happened in the past few ...

FTX founder Sam Bankman-Fried out on $250M bail

December 23, 2022 -

U.S. Magistrate Judge Gabriel Gorenstein of the U.S. District Court for the Southern District of New York in Manhattan approved the personal recognizance bond – a written commitment from the accused to appear in court when ordered. Gorenstein set Bankman-Fried's next court appearance on Jan. 3, 2023 to enter his plea before U.S. District Judge Ronnie Abrams and be arraigned. Prosecutors and Bankman-Fried's defense team agreed to the terms of the bond.

In return, Bankman-Fried's ...

SEC to file additional charges against accused crypto fraudster and FTX boss Sam Bankman-Fried

December 16, 2022 -

Now, the Securities and Exchange Commission is preparing to file additional charges against the accused thief and big-time Democratic donor, according to Wednesday reports.

Besides seeking to ban SBF from the cryptocurrency industry permanently, the SEC will also charge him with "orchestrating a scheme to defraud equity investors in FTX," charges that necessarily include conspiracy, which -- if he's found guilty -- will only lengthen his jail term, according to a press ...

Disgraced FTX founder Bankman-Fried admits lying about being moral, says ethics is a ‘dumb game we woke Westerners play’

November 19, 2022 -

As reported by the UK's Daily Mail, Bankman-Fried also blamed one of his girlfriends for the loss of his $32 billion company, while he noted that his commitment to woke "ethics" was just "a front" and he now "feels bad" for anyone who was "f**ked by it."

SBF, the founder of the failed crypto exchange and platform that collapsed last week and cost consumers billions of dollars, has also confessed that his efforts to appeal to left-wing morality police when the company ...

Disgraced FTX founder Bankman-Fried allegedly used billions in customer funds for trading, leveraging company (while funding Democrats)

November 15, 2022 -

According to reports, Bankman-Fried's trading firm, Alameda Research, allegedly used billions of dollars worth of customer funds while using the exchange's native token as collateral.

"The quant trading firm Sam Bankman-Fried founded was able to quietly use customer funds from his exchange FTX in a way that flew under the radar of investors, employees and auditors in the process, according to a source," CNBC reported on Tuesday following previous reports noting ...

COINGEEK: Crypto crime cartel: FTX, Sam Bankman-Fried, Tether and Solana

December 30, 2021 -

(Article by Jordan Atkins republished from CoinGeek.com)

Like many investors in the digital asset industry, Bankman-Fried and his network of companies have done very well out of the recent boom, particularly out of their interest in exchanges and market makers.

The ongoing Tether fiasco has revealed that unbacked USDT is likely being printed and then swapped for BTC on exchanges, artificially inflating the price of BTC while exchanges enjoy ballooning commissions ...

FTX head Sam Bankman-Fried funneled $1 billion in stolen funds to Democrats – “Where did it go?” asks Elon Musk

December 12, 2022 -

What Musk now wants to know is: "Where did it go?" We know about the roughly $40 million in stolen investor cash that was handed over to the leftist political machine, but what about the remaining $960 million?

"SBF donating $40m to not go to jail for stealing $10b+ is one of the highest ROI trades of all time," tweeted Will Mandis, a healthcare tech startup CEO, adding to the allegations.

"That's just the publicly disclosed number," responded Musk. "His actual ...

FTX head Sam Bankman-Fried declared a “pathological liar and a sociopath” for continuing to explain away his outrageous fraud and deception

December 04, 2022 -

Following a recent interview in which SBF claimed ignorance about the missing millions of investor dollars, leftists were quick to call for everyone to forgive and forget about the matter while allowing SBF to move on with his life as a free man.

"I didn't ever try to commit fraud on anyone," was one of SBF's many lies throughout the interview.

"I have limited access to data," was another he told, pretending as though he was shocked, just like everyone else, ...

Binance strategy chief takes a swipe at FTX following the latter’s bankruptcy filing

November 17, 2022 -

"This is the direct result of a rogue actor breaking every single basic rule of fiscal responsibility," Binance Chief Strategy Officer Patrick Hillmann said in a statement given to the Wall Street Journal (WSJ). "While the rest of the industry operates under an extreme measure of scrutiny, the cult of personality shrouding FTX allowed them a dangerous level of privilege that wasn't earned."

Binance originally signed a letter of intent to acquire FTX on Nov. 8, but canceled ...

Solana’s value cut in half following FTX liquidity crisis

November 11, 2022 -

Earlier this month, FTX entered a downward spiral that saw the company's fortunes crumble to almost nothing within the span of days. Binance, a rival crypto exchange, initially offered to buy the company. But less than 48 hours later, the potential deal fell through, causing what little value the market still had for FTX to wither away. (Related: Binance backs out of bailout plan to rescue FTX, causing further turmoil across crypto markets.)

The problem for FTX is the ...

Elon Musk doesn’t care how many workers DIE as long as he can keep his car sales going

May 13, 2020 -

While major businesses around the world – many far bigger, more profitable, and more useful to human life – have closed down in hopes of stemming the spread of a very deadly disease, Musk stubbornly insisted that the rules don’t apply to him.

On May 11, he restarted production at the firm’s car plant in northern California, defying a local shelter-in-place order.

He acknowledged in a tweet that the opening goes against the rules, writing “Tesla is restarting production ...