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Authorities arrest Sam Bankman-Fried for fraud and money laundering

TechSpot

Bankman-Fried will remain in custody in the Bahamas as he awaits extradition to the United States. Sam Bankman-Fried was scheduled to testify before Congress today, but he won't make that appointment. Bahamian police arrested the former cryptocurrency magnate on Monday night at the request of US authorities.

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That Fyre Fest tweet with the sad sandwich will be auctioned as an NFT for medical expenses

The Verge

“With how hot the NFT market is right now I figured I’d give it a shot and could hopefully raise enough money that I wouldn’t need to rely on a GoFundMe to pay for my medical expenses,” DeHaas said in an email to The Verge. Kendall Jenner was among the celebrities paid $250,000 to promote the event , which guests paid up to $12,000 to attend.

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Former NBA star Rick Fox’s startup gets $10M pre-seed for concrete that removes CO2

TechCrunch

The Bahamas, where he grew up and now lives, wasn’t just in the midst of a pandemic. The company is valued at $190 million post-money, according to PitchBook data. Like many of us, Fox was sitting at home early in the pandemic mulling the challenges that were facing the world.

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Ah, so SBF’s FTX was all BS

TechCrunch

News that former FTX CEO Sam Bankman-Fried was arrested yesterday in the Bahamas set the technology world alight. The Exchange explores startups, markets and money. Read it every morning on TechCrunch+ or get The Exchange newsletter every Saturday.

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

TechCrunch

On January 3, Bankman-Fried pled not guilty to all eight counts of criminal charges, which included wire fraud, conspiracy to commit money laundering and conspiracy to misuse customer funds, among others. judge released Bankman-Fried on a $250 million bail bond after he was extradited to America from the Bahamas. Last month, a U.S.

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Who’s profiting from the Bored Ape digital land sale?

TechCrunch

The Yuga Labs digital land sale this weekend , a mass-mint of new NFTs that temporarily clogged the Ethereum blockchain, is not just making money for the company behind the new set of images that may figure in a future digital service. Crypto Bahamas signals stronger ties between old and new worlds of finance. But I wonder.

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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. It’s still not clear if those people will see their money again.

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