sbf - Unusual Whales

SBF's 5 out of 13 FTX fraud-related charges withdrawn

Per Business Insider The Assistant US Attorneys for the Department of Justice have withdrawn five out of the 13 charges against Sam Bankman-Fried. These charges were in relation to the financial fraud of FTX. Initially, SBF was facing 13 criminal charges, but five of them would be dropped in time

fbi

FBI struggles to analyze SBF's laptop due to data overload

Per BI While still being investigated, prosecutors are saying that they are struggling to analyze Sam Bankman-Fried's laptop due to the amount of data it contains. Nicholas Roos, the Assistant US Attorney, shared how it would take weeks to extract Slack messages alone from the laptop. Roos proposed

sbf

Sam Bankman-Fried is charged with paying $40 million in bribes to at least one Chinese gov't official

Per NBC News Sam Bankman-Fried faces multiple charges related to the collapse of the now-bankrupt FTX. The latest charge is bribery, with the accusations saying he paid $40 million to at least one Chinese gov't official. Indictment documents accused SBF of successfully bribing a Chinese government official in

ftx

FTX lawyers cost the disgraced crypto firm $38 million for Jan alone, with new CEO John Ray III billing $305,565 for Feb

Per BI After the collapse of FTX, the disgraced crypto firm had to employ hundreds of lawyers, consultants, and accountants, among others, to investigate what happened. In January alone, the crypto firm was billed $38 million for the services of the hundreds hired. CoinDesk cited court records showing how law

ftx

FTX paid Sam Bankman-Fried a total of $2.2 billion in total through related entities

Per Reuters As the investigation of what went wrong with FTX continues, the new management found that Sam Bankman-Fried received a total of $2.2 billion in transfers from related entities. It was noted that overall, $3.2 billion was transferred to founders and key employers. The transfers weren'

sbf

Prosecutors said SBF deleted tweets and a Slack message after being told to preserve FTX records

Per Business Insider Disgraced FTX founder Sam Bankman-Fried reportedly deleted tweets and a Slack message despite being told the complete opposite. This happened when SBF was reportedly told to preserve records for the regulators. The ongoing investigation's recent developments saw the founder receiving four new charges by the

ftx

FTX's SBF gets four new charges as prosecutors said they created a no-employee company to get a bank account

Per BI Four new charges were filed against Sam Bankman-Fried, the disgraced founder of now-bankrupt FTX. The charges were related to how SBF created a company with no employees so that FTX.US could get a bank account in California. Initially, FTX couldn't get a bank account in

ftx

FTX Believed to have Over a Million Creditors: $3 Billion Collectively Owed to the Top 50 Alone

Per CNN While the lawsuit is still ongoing for Sam Bankman-Fried, the founder of FTX, who is facing multiple charges, including defrauding customers, new information has surfaced saying the top 50 creditors alone are owed $3 billion collectively. It was also revealed that the now-bankrupt exchange has over a million

sbf

SBF Barred From Using Signal to Contact Ex-Employees

Per Reuters FTX founder Sam Bankman-Fried is being charged with defrauding customers of his crypto exchange, among other charges, and now, he is no longer allowed to contact his former employees via Signal. The ban also includes contacting employees of his hedge fund, Alameda Research. The general ban is that

ftx

FTX Lawyers are Making $810 to $2,000 Per Hour: Sullivan & Cromwell has 150 Lawyers on the Case

Per Business Insider After FTX filed for bankruptcy and Sam Bankman-Fried was brought to the US, John Ray III took over as CEO to oversee the bankruptcy and investigate the crypto firm's practices while SBF was running the show. The crypto firm's bankruptcy proceedings are being

ftx

Sam Bankman-Fried's Brother Lobbied Members of the US Congress Using Misappropriated Funds

Per Bloomberg and CoinDesk Sam Bankman-Fried, the disgraced founder of FTX, is now facing charges while the investigation is still ongoing. It was previously mentioned that SBF's family was involved, but, recent filings reveal that his brother could have used misappropriated funds in his organization to lobby members

blockfi

Bankrupt BlockFi had $1.2 Billion in Assets Tied to Sam Bankman-Fried

Per CNBC BlockFi previously filed for bankruptcy and was among the multiple crypto firms affected by the demise of FTX. Financial documents revealed that there was actually $1.2 billion in assets tied to Sam Bankman-Fried through FTX and Alameda Research. The company filed for Chapter 11 bankruptcy after it

sbf

SBF Maintains that He 'Didn't Steal Funds' Days After Lawyers Recovered at Least $5 Billion

Per NYT Sam Bankman-Fried is facing criminal charges but after a recent $5 billion in liquid assets were found by lawyers, the disgraced CEO maintains that he did not steal funds from customers. With the fall of FTX, customers are scrambling to try and get their funds back from the

ftx

FTX Recovers Cash, Crypto, and Securities with Liquid Assets at a $5 Billion Total

Per CNBC While the trial of FTX founder Sam Bankman-Fried is yet to start, a Delaware Bankrupt judge reported $5 billion total in liquid assets. New CEO John J. Ray said that customer assets of at least $8 billion remained unaccounted for. To be clear, FTX attorney Adam Landis told

ftx

Filing Reveals FTX Spent $7M on Food in 9 Months: $40M Spent In Total for Hotels, Foods, and Travel

Per Business Insider While Sam Bankman-Fried tried to give a low-key demeanor, it was recently revealed that the now-bankrupt FTX spent a total of $40 million on hotels, food, and travel in nine months. $7 million of that amount was spent on food alone. Bankruptcy court documents revealed massive spending

sbf

Sam Bankman-Fried Pleads Not Guilty to Charges Regarding FTX | Here are All the Charges

Per Reuters Sam Bankman-Fried pleads non-guilty to charges filed against him from multiple departments regarding FTX. His trial could spread up to four weeks, and its date is set on Oct 2, set by U.S. District Judge Lewis Kaplan. The FTX founder was initially arrested on Dec 13 by

sec

SEC Civil Complaint Alleged that Sam Bankman-Fried Intentionally Directed FTX Employees to Manipulate FTT

Per Axios An updated civil complaint alleges that Sam Bankman-Fried intentionally directed employees at FTX to manipulate FTT. The updated complaint also tags Gary Wang, co-founder, and Caroline Ellison, former CEO of SBF's trading firm, Alameda research, as involved with the manipulation. Per the complaint, in 2019 and

caroline

Caroline Ellison and Gary Wang Plead Guilty to Fraud | Released on $250K Bond

Per WSJ In relation to Sam Bankman-Fried, the founder of now-bankrupt FTX, two former colleagues pleaded guilty to fraud. Alameda CEO and ex-girlfriend of SBF, Caroline Ellison, and former CTO and co-founder of FTX, Gary Wang, are now cooperating with prosecutors after pleading guilty and were released on a $250,