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FTX founder Sam Bankman-Fried has been arrested in the Bahamas

TechCrunch

Sam Bankman-Fried has been arrested by The Royal Bahamas Police Force following reports that the United States filed criminal charges against the founder and former CEO of cryptocurrency exchange FTX , and is likely to request his extradition. TechCrunch reporter Amanda Silberling contributed to this piece.

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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. News reports that FTX was mishandling funds and under investigation soon bloomed into the company filing for bankruptcy. FTX’s new CEO, Enron wind-down veteran John J.

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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. There’s no accounting for AI : Kyle reports that Vic.ai

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

The Verge

But unlike the Fest itself, the tweeted photo of the limp cheese slice on wheat bread with some greens and a sad tomato in a styrofoam container isn’t a grift; as first reported by Axios , DeHaas is hoping to raise $80,000 which he plans to put toward his medical bills.

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Lynk demos global satellite connection for ordinary phones and prepares for commercial launch

TechCrunch

The company just demonstrated a two-way data link this week and announced its first network partners in Africa and the Bahamas — if everything goes well it may not be long before you can get a signal anywhere in the world. Not a lot of data, of course — but more than enough for an SMS, a GPS location, a weather report, or the like.

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

TechCrunch

judge released Bankman-Fried on a $250 million bail bond after he was extradited to America from the Bahamas. Then in December, he talked from an undisclosed location in the Bahamas with reporter Andrew Ross Sorkin for a DealBook event; a discussion that his legal team “very much” did not approve of, he told Sorkin with a boyish grin.

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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. Darrell Etherington contributed reporting to this piece. . ” meeting with regulators.

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