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Crypto.com just admitted to making another very large and concerning clerical error: it mistakenly sent 320,000 in Ethereum (~$416 million USD) to another cryptocurrency exchange, called Gate.io, about three weeks ago (via Web3 Is Going Just Great). In a post on Twitter, Crypto.com CEO Kris Marszalek says the company was supposed to send the crypto to one of its cold, or offline, wallets, but accidentally sent it to a “whitelisted” address belonging to its corporate account at Gate.io. [competitor] Binance CEO Changpeng “CZ” Zhao appeared to allude to the situation in a tweet on Sunday morning, stating: “If an exchange...

The founder and former CEO of collapsing crypto trader Sam Bankman-Fried is said to be holed up with members of his inner circle in the Bahamas while his empire collapses around him. Bankman-Fried, 30, resigned from FTX on Friday, as the crypto exchange filed for bankruptcy and reports emerged that up to $2 billion in client funds had vanished from the company's books in recent weeks. According to Coin Telegraph, the disgraced former CEO is holed up at the Albany Tower alongside FTX co-founder Gary Wang and the company's director of engineering Nishad Singh.

Sam Bankman-Fried told Reuters he is still in the Bahamas, as rumors swirled overnight that the ex-CEO of the now-bankrupt FTX had run off to South America...FlightRadar24 tweeted early Saturday morning that the one-time crypto billionaire was flying from Nassau to Argentina.

Ever wonder what Anthony Scaramucci did after he was ejected from the Trump White House after being Press Secretary for a few days? Me neither, but it turns out he got involved heavily in crypto. That should pique your interests considering what’s been happening in the crypto world lately. And yes, that involvement centered around the poster child company for how to crash a crypto business and lose billions in a few days, FTX.

Internet sleuths have discovered that $515 million has disappeared from the accounts of collapsed crypto exchange FTX under 'suspicious circumstances.'

The billionaire founder and CEO of the FTX cryptocurrency exchange, Sam Bankman-Fried, has revealed he intends to spend anywhere between $100 million and $1 billion to help influence the 2024 United States presidential election campaigns. In a podcast interview on Tuesday, Bankman-Fried was asked how much money he might donate during the next presidential election cycle, answering he’d give “north of $100 million” with a “soft ceiling” of $1 billion if he were to bankroll the person running against former president Donald Trump: “I would hate to say hard ceiling because who knows what’s going to happen between now and...

Did you ever wonder where all those billions of dollars were going in Ukraine? Did you ever wonder why anyone was trusting the elites in US politics like the Bidens with billions in funds going to Ukraine? Today it turns out that these were excellent questions. …. We have information that the tens of billions of dollars going to Ukraine were actually laundered back to the US to corrupt Democrats and elites using FTX cryptocurrency. Now the money is gone and FTX is bankrupt.

The FTX crypto slush fund run by now-disgraced Sam Bankman-Fried (and his MIT college buddies) laundered money for Ukraine into nearly $40 million worth of campaign donations for Democrats in the 2022 mid-term elections. Over the last year, Joe Biden and the Democrats have pushed through well over $50 billion in funding for Ukraine, using US taxpayer money. Internationally, over $100 billion has been donated to Ukraine, according to Devex.com which has compiled worldwide donations and grants to the Ukrainian cause. FTX simultaneously processed donations to Ukraine by using its crypto infrastructure. As CoinDesk.com reported in May of this year,...

What about the liquid assets? Well, the FT report goes on to notes that until Friday afternoon, Bankman-Fried was looking to sell the $472MM of Robinhood shares, the largest liquid asset listed for FTX Trading, in privately negotiated deals he was arranging on the messaging app Signal, according to an FT source. As a reminder, SBF acquired a 7.6% stake in Robinhood in May, a transaction which delayed (but did not halt) the company's collapse into oblivion. As part of the attempted firesale, Bankman-Fried was entertaining offers at a 20% discount to Robinhood’s VWAP price, or about $9 per share,...

Did you ever wonder where all those billions of dollars were going in Ukraine? Did you ever wonder why anyone was trusting the elites in US politics like the Bidens with billions in funds going to Ukraine? Today it turns out that these were excellent questions. We have information that the tens of billions of dollars going to Ukraine were actually laundered back to the US to corrupt Democrats and elites using FTX cryptocurrency. Now the money is gone and FTX is bankrupt. Earlier today we reported that the FTX cryptocurrency appeared to be used in a ponzi scheme involving...

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WASHINGTON — Democratic billionaire Sam Bankman-Fried says he could spend $1 billion or more in the 2024 election, which would easily make him the biggest-ever political donor in a single election. Bankman-Fried, 30, the founder of the cryptocurrency exchange FTX, said in a podcast interview released Tuesday that he expects to give “north of $100 million” in the next presidential election and that he has a “soft ceiling” of $1 billion, with his spending likely to be on the higher end if former President Donald Trump runs again. That kind of money would be "in a league of its own,"...

A Georgia man faces up to 20 years in prison after more than $3 billion in stolen Bitcoin was found stashed in a popcorn tin at his home in what authorities call the second largest seizure of cryptocurrency. James Zhong, 32, pleaded guilty on Friday to stealing the Bitcoin a decade ago from the illegal Silk Road marketplace, which the FBI shut down in 2013. The U.S. Department of Justice announced this week that authorities raided Zhong's Gainesville home in November 2021 where they found 50,676 Bitcoin with a value of $3.36 billion at the time.

Even before polls closed, one of the year's biggest Democratic donors had a very bad Tuesday. Sam Bankman-Fried's cryptocurrency exchange FTX -- valued at $32 billion in January -- suffered a sudden liquidity crunch and was taken over by its rival Binance.

Sam Bankman-Fried, the now-bankrupt founder of crypto exchange FTX, is a prolific donor of Democratic candidates and liberal causes, and infused at least $38 million into left-wing groups during the 2022 election cycle. Bankman-Fried was the second-largest contributor to Democratic-affiliated political action committees (PAC) and organizations, behind only liberal financial magnate George Soros, who donated nearly $127 million during the midterm cycle, according to Federal Election Commission (FEC) data. However, the collapse of FTX this week has called into question Bankman-Fried's finances. A full-fledged liquidity crisis forced FTX to file for bankruptcy Friday, and Bankman-Fried's wealth, which was estimated to...

The collapse of FTX, already one of the most spectacular disasters in financial history, worsened as hundreds of millions of dollars were drained from the cryptocurrency exchange hours after it filed for bankruptcy. More than $600 million was siphoned from FTX's crypto wallets late Friday. Soon after, FTX stated in its official Telegram channel that it had been compromised, instructing users not to install any new upgrades and to delete all FTX apps. Many FTX wallet holders reported $0 balances in their FTX.com and FTX US wallets. FTX’s API appeared to be down, which could account for this. According to...

So the red wave ended up not happening, being something more of a pink puddle instead. Has America just become too gerrymandered and partisan for there to be “yuge” wave elections like there used to be? Perhaps. Maybe we need to also not run horrible candidates.Regardless, there are fortunately a few salty letfist tears to sip on after yesterday.Those would be the tears of one of the biggest Democrat donors, Sam Bankman-Fried. He ran a crypto company called FTX that was first valued in 2021 at $18 billion, then exploded upward to a whopping $40 billion, at which point Bankman-Fried...

Sam Bankman-Fried’s bankrupt digital-asset exchange FTX was hit by a mysterious outflow of about $662 million in tokens in the past 24 hours, the latest twist in one of the darkest periods for the crypto industry. And like that, O’Biden’s Treasury secretary Janet Yellen FTX Debacle said that it shows need for crypto regulation. Or Yellen could suggest a “buyer beware” tactic, but she is part of the most aggressively regulatory administration in history, MORE regulation is needed! /sarc Regulate, regulate, dance to THEIR music! At least Yellen is noticing Bankman-Fried (a new twist on Kentucky-Fried) and FTX since she...

The FTX Community Chat admin sent a message to the official Telegram group of the exchange stating that the bankrupt platform was hacked and all apps were malware. The admin advised users to delete the app and not visit the website or open their mobile applications as they could end up with Trojans.

About $2billion of customer funds have vanished from collapsed crypto exchange FTX, according to two people familiar with the matter. Founder and CEO Sam Bankman-Fried secretly transferred $10 billion of customer funds from FTX to the trading company Alameda Research, which is run by his girlfriend Caroline Ellison, Reuters reports. A large portion of that total has since disappeared, they said. One source put the missing amount at about $1.7 billion. The other said the gap was between $1 billion and $2 billion.