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Bahama homes were purchased with FTX corporate funds

TechCrunch

A new bankruptcy filing, first reported by CNBC , shows that FTX’s corporate funds were used to purchase homes in the Bahamas among other personal items. The details arise less than a week after the now infamous crypto exchange filed for bankruptcy – a decision that founder and former CEO Sam Bankman-Fried said he regrets.

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Sam Bankman-Fried launches Substack: ‘I didn’t steal funds, and I certainly didn’t stash billions away’

TechCrunch

I have, for instance, offered to contribute nearly all of my personal shares in Robinhood to customers — or 100%, if the Chapter 11 team would honor my D&O legal expense indemnification. He wrote: “There were numerous potential funding offers — including signed LOIs post chapter 11 filing totaling over $4b. Last month, a U.S.

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SBF claims massive ignorance on obvious conflicts in FTX downfall

TechCrunch

During the interview, SBF, while sipping (and at least once, spilling) a La Croix in the Bahamas, claimed multiple times that he did not know how certain aspects of the business, from its ties to its eventual bankruptcy, went so wrong. I thought I was speaking in a personal capacity.”. ” meeting with regulators. at will.

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Americana’s chip turns physical objects into NFTs

TechCrunch

. “When we talk about NFTs, there are images and songs and videos and all of these things, but the sort of lightbulb [for Americana] was that all of these things are files,” Frey said. “Of course, files are very easy to transact on the internet, but what about everything else?” The average U.S.

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Remembering the startups we lost in 2022

TechCrunch

The o nce-third-largest crypto exchange FTX on November 11 filed for bankruptcy in the U.S. By December 12, Bankman-Fried had been arrested in the Bahamas. Other crypto companies that also filed for bankruptcy this year but also technically did not shut down include Celsius and BlockFi. The next day, the U.S.

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