The SEC has now charged Sam Bankman-Fried, founder of the collapsed crypto exchange FTX, with fraud.
To the surprise of absolutely no one, Sam Bankman-Fried, founder of the collapsed crypto-catastrophe FTX, has been arrested in the Bahamas over"financial offenses" allegedly committed in the Bahamas and the US. that Bankman-Fried is being held in custody"pursuant to our nation's Extradition Act," and that the Bahamas will act"promptly" once a formal request for his extradition to the US is made.
But it's become clear more recently that, at the very least, there was a tremendous lack of oversight at the company: Records and money are both missing, and Ray, the man in charge of FTX's bankruptcy, said Bankman-Fried"often communicated by using applications that were set to auto-delete after a short period of time, and encouraged employees to do the same." In the world of corporate governance, that is a very, very bad sign.
SEC chair Gary Gensler said Bankman-Fried"built a house of cards on a foundation of deception," and said FTX's collapse is"a clarion call to crypto platforms that they need to come into compliance with our laws."
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Former FTX CEO Sam Bankman-Fried arrested in Bahamas, local officials sayBahamas Attorney General says move came after notification that the US had filed criminal charges.
Weiterlesen »
FTX founder Sam Bankman-Fried arrested in BahamasFTX filed for bankruptcy last month, leaving many unable to withdraw their funds from the cryptocurrency exchange.
Weiterlesen »
Sam Bankman-Fried: FTX founder arrested in BahamasAccording to a court filing last month, FTX owed its 50 largest creditors almost $3.1bn (£2.5bn).
Weiterlesen »
Sam Bankman-Fried: Founder of bankrupt crypto firm FTX arrested in BahamasBankman-Fried had become one of the biggest names in the crypto industry before the company's sudden collapse. He will appear in a Bahamas magistrates court on Tuesday.
Weiterlesen »
Sam Bankman-Fried: How FTX founder went from star-studded £21bn empire to being chargedSam Bankman-Fried resigned as chief executive of FTX after the cryptocurrency spectacularly collapsed in the space of just 72 hours. Almost a month to the day, officers arrested him in the Bahamas after charges were filed in the US.
Weiterlesen »
SEC charges Sam Bankman-Fried with defrauding investors\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Weiterlesen »