FTX's Sam Bankman-Fried, DOJ tussle over his communications
Federal prosecutors are trying to prohibit FTX founder Sam Bankman-Fried from privately contacting current and former employees of the bankrupt cryptocurrency exchange to prevent potential witness tampering in a criminal case accusing him of bilking investors and customers.
How a Series of Crypto Meltdowns Is Reshaping the Industry
The history of cryptocurrencies has rarely been dull, but the latest meltdown delivered a series of shocks that shook the foundations of digital assets. A cascade of blowups, including the collapse of a so-called stablecoin in May and the epic unravelling of the FTX crypto exchange in November, left a wave of bankruptcies. The events eroded the trust of more mainstream investors who were eager to capitalize on rising interest in Bitcoin and the vision of decentralized finance. The turmoil has prwashingtonpost.com
Anthony Scaramucci Invests In Former FTX US CEO’s New Company Showing New Interest In Crypto
In an email shared with Bloomberg, Scaramucci said he would invest his money in the project to show his support for Harrison. “Anthony has been a true mentor and friend to me since I joined the crypto industry two years ago,” Bloomberg quoted Harrison saying in the email. In a series of tweets, Harrison raised concerns about FTX founder Sam Bankman-Fried’s mental health and addiction. In one of his tweets, Harrison said he is looking forward to working with the new partners. KELLY SULLIVAN/BENZINGAFTX bought a 30% stake in SkyBridge Capital in September before the crypto company filed for bankruptcy in November.thewestsidegazette.com
FTX founder Sam Bankman-Fried pleads not guilty in criminal crypto case
FTX founder and fallen cryptocurrency guru Sam Bankman-Fried pleaded not guilty through his attorney at his arraignment Tuesday on charges he misappropriated billions, defrauding customers and investors in companies he controlled while allegedly concealing his illegal handling of funds.washingtonpost.com
FTX founder Sam Bankman-Fried to be released on $250 million bail
FTX co-founder Sam Bankman-Fried is escorted out of the Magistrate's Court on December 21, 2022 in Nassau, Bahamas. FTX founder Sam Bankman-Fried will be released on $250 million bail in a deal designed by federal prosecutors and Bankman-Fried's defense attorneys, a New York federal judge ruled on Thursday. Bankman-Fried was indicted in the Southern District of New York on eight counts including securities fraud and money laundering. Judge Gabriel Gorenstein said that Bankman-Fried would require "strict" supervision following his release to his parents' home in California. As part of the release, Bankman-Fried would be released into the custody of his parents home.cnbc.com
$740M in crypto assets recovered in FTX bankruptcy so far
The company tasked with locking down the assets in the failed cryptocurrency exchange FTX said they’ve managed to recover and secure $740 million in assets so far, a fraction of the potential billions that is likely missing from bankrupt company’s coffers.
Tom Brady, Larry David, other celebrities named in FTX suit
A host of Hollywood and sports celebrities including Larry David and Tom Brady were named as defendants in a class-action lawsuit against cryptocurrency exchange FTX, arguing that their celebrity status made them culpable for promoting the firm’s failed business model.
Miami Heat’s home arena will get new name after FTX collapse
The arena where the Miami Heat play will soon have a new name, after the team and Miami-Dade County decided Friday to begin actions to terminate their relationship with FTX on the same day that the cryptocurrency exchange filed for bankruptcy.
After FTX flounders, what becomes of Miami arena naming deal?
Cryptocurrency giant FTX filed for bankruptcy Friday, leaving a number of unanswered questions, including a big one here in South Florida: what will happen to its naming rights deal for Miami’s FTX Arena and the money it was set to pay Miami-Dade County over the next two decades?
Everyone seated at the Miami Heat season opener received a free cryptocurrency NFT
Every fan seated inside of the arena was greeted by a T-shirt by FTX, a U.S.-regulated cryptocurrency platform. However, these weren’t ordinary game-day shirts — each shirt had a scannable QR bar code on the back that, if unlocked, awarded the person with a limited edition, FTX Arena NFT.
FTX’s first real estate partnership will be with E11EVEN Hotel & Residences Miami
FTX, a U.S.-regulated cryptocurrency platform (that is slowly becoming a part of Miami’s vernacular due to becoming the new name of Miami Heat’s arena, FTX Arena), is making headlines once again — the company has announced its first real estate partnership will be with E11EVEN Hotel & Residences Miami.
NBA still needs to approve Miami-Dade’s $135M deal with FTX to rename Miami Heat’s home
If the NBA approves a new deal, the AmericanAirlines Arena, also known as the “Triple-A” or AAA, will be the FTX Arena until 2040. The change in naming rights is part of a $135 million deal that Miami-Dade County commissioners approved on Friday. Garcia said that although the motive is related to marketing, FTX put conditions on how the money needs to be spent. Alameda Research, a quantitative trading firm founded in 2017, backs the international cryptocurrency exchange, which is associated with FTX US. Sam Bankman-Fried, the chief executive officer of FTX, released a statement saying the FTX family “is thrilled” about the “partnership” because FTX isn’t just putting a name on an iconic building.
New naming rights agreement for Miami Heat arena gives county $5 million annual increase on old deal
MIAMI – The iconic plane on the roof of American Airlines Arena could soon be a thing of the past. FTX is a leading cryptocurrency exchange that was willing to pay major bucks for the exposure. Local 10 News obtained Miami-Dade County Mayor Daniella Levine Cava’s memo about the change, which shows it is a $135 million naming rights deal. American Airlines was paying about $2 million annually until their agreement expired last year. AdRELATED LINKGet to know FTX: Miami Heat arena close to finalizing new name
Get to know FTX: Miami Heat arena close to finalizing new name
MIAMI – AmericanAirlines Arena is about to be flying away for good. The Miami Heat’s home arena on Biscayne Bay will be renamed FTX Arena, pending approval of the Miami-Dade County Board of County Commissioners at a special meeting Friday. Miami-Dade County, which negotiated the agreement with FTX in coordination with the Heat, announced the agreement in principle of a 19-year partnership Tuesday. The county is expected to get about $90 million over the 19 years after deducting payments to the Heat and other expenses. Ad“The entire FTX family is thrilled to partner with Miami-Dade County and the Heat,” FTX CEO Sam Bankman-Fried said in a statement.