Remove Bahamas Remove Fund Remove Raise
article thumbnail

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 document states that corporate funds of the FTX group were used to purchase homes and other personal items for employees and advisors.

Bahamas 98
article thumbnail

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

TechCrunch

In a post titled “FTX Pre-Mortem Overview,” Bankman-Fried maintains his innocence surrounding the collapse and bankruptcy of FTX, a cryptocurrency exchange he founded in 2019 that went on to raise $2 billion in funding and achieve a valuation of a staggering $32 billion. His trial date has been set for October 2, 2023. Sign up here.

Bahamas 99
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Daily Crunch: US law enforcement charges SBF with fraud as he awaits extradition after Bahamas arrest

TechCrunch

Trading suits for stripes : After much fodder all over the place of why Sam Bankman-Fried was not behind bars sooner for his involvement in the collapse of FTX, Darrell reports that SBF was arrested in the Bahamas amid fraud charges brought by several U.S. raises $52 million , showing that automating accounting processes can be profitable.

Bahamas 84
article thumbnail

Syndicate raises ‘informal’ round from over 50 partners to bring DAOs to the masses

TechCrunch

Its “Web3 Investment Clubs” product, which TechCrunch covered in January , lets users spin up an investment group with their peers by pooling their capital together and voting on how to allocate the funds. ” Crypto Bahamas signals stronger ties between old and new worlds of finance.

Bahamas 89
article thumbnail

Coral Vita cultivates $2M seed to take its reef restoration mission global

TechCrunch

Coral Vita aims to modernize both coral restoration techniques and the economy surrounding them, and has raised a $2 million seed round to kick things off in earnest. “So if you think of what it’ll be like off the coast of Grand Bahama in 40-50 years, we can essentially simulate that to harden the corals against those conditions.

Global 112
article thumbnail

Big Impact, Small Budget: Live Auction Ideas for Small Nonprofits

Greater Giving

There are numerous captivating live auction ideas that don’t require a celebrity endorsement or a trip to the Bahamas. By implementing these ideas and following these tips, your small nonprofit can host a live auction that not only raises crucial funds but also creates a memorable experience for your supporters.

Ideas 100
article thumbnail

Remembering the startups we lost in 2022

TechCrunch

It is, frankly, a bad time to be raising and, by extension, a bad time to be running an early-stage startup. Airlift, once one of Pakistan’s most richly valued and funded startups, shut down in July due to lack of capital and an unsuccessful attempt to close a funding round. As such, this is by no means a comprehensive list.

Images 144