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News

FTX Financial Filing Reveals Yacht Purchase for Former Co-CEO Sam Trabucco

by Crypto Oracle September 3, 2023

FTX debtors have disclosed a series of financial statements that show top executives used company funds to their own advantage shortly before the cryptocurrency exchange collapsed. In a recent court filing with the United States Bankruptcy Court for the District of Delaware, FTX debtors shed…

News

Sam Bankman-Fried Pleads Not Guilty to Latest Indictment

by Crypto Oracle August 23, 2023

Bankman-Fried's attorney later deplored Bankman-Fried's lack of vegan options in prison, saying he was "subsisting on a diet of bread and water" during the hearing. NEW YORK — Sam Bankman-Fried again pleaded not guilty to fraud and money laundering charges tied to…

News

Sam Bankman-Fried Jailed Ahead of Trial

by Crypto Oracle August 11, 2023

Bankman-Fried was accused of leaking former Alameda Research CEO Caroline Ellison's diary to the New York Times. NEW YORK — FTX founder Sam Bankman-Fried has been remanded into custody ahead of his October trial on multiple financial crime charges after a federal judge revoked…

Industry News

How the $275M FTX disaster caused Temasek to shun digital currency investments

by Crypto Oracle July 19, 2023

It’s no secret that the collapse of Sam Bankman-Fried’s digital currency exchange FTX was devastating. However, it’s not just a past event; its consequences are still reverberating, causing institutional investors like Singapore’s sovereign wealth fund Temasek to shun the digital currency industry.…

Industry

Modulus CEO: Risk-Reward Drives Divide on Crypto

by Terry Kunle June 30, 2023

A recent poll conducted by YouGov and a private blockchain company, with 15,000 respondents across nine languages, showed a growing divide in the understanding of cryptocurrencies and the Web3 movement. By and large, developing nations emerged as the most engaged with digital assets. Nigeria,…

News

FTX seeks to recover $460M from Bankman-Fried-backed VC firm

by Terry Kunle March 23, 2023

FTX, a bankrupt cryptocurrency exchange, is attempting to recover $460 million in allegedly misused customer funds from Modulo Capital, a venture capital firm that received a substantial investment from Alameda Research in 2022. Alameda Research, which is FTX's sister trading firm,…