September 29, 2023

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Crypto king blames ex for FTX bankruptcy – which stars are involved

Crypto king blames ex for FTX bankruptcy – which stars are involved

Sam Bankman Fried, businessman in the world Digital currencies About the bankruptcy of his company, which also drags famous stars into the mud.

The Banking owner of FTX Corporation He blamed his ex-wife for the company’s financial collapse in an interview with VOX news.

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Bankman, 30, is still in the Bahamas yet $32 billion loss of the company And he spoke candidly with Vox’s Kelsey Piper.

The owner of FTX told the reporter that the Alameda company in the hands of his ex-girlfriend Caroline Ellison was responsible for risking and ultimately losing his company’s money, something he was unaware of until it was too late.

“FTX technically wasn’t gambling their money, FTX just lent their money to Alameda, who bet their money and lost it?” “And you didn’t realize it was such a big deal because you didn’t realize how much money?” I asked the reporter.

When asked what he would do differently if given another chance, the owner of FTX said he would take Alameda out of FTX.

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Bankruptcy scandal caused Crisis of confidence in cryptocurrency as a whole and caused a drop in the value of assets, including Bitcoin.

What did two sources say about FTX?

It was reported last week that Alameda secretly transferred $10 billion in funds from FTX clients, as investors withdrew $6 billion from the cryptocurrency platform last week.

About $2 billion of the $10 billion transferred to Alameda remains unaccounted for.

The financial loophole was revealed in documents that Mancman Bank provided with other top executives last Sunday, according to two sources.

The records provided an updated account of the situation at the time. Both sources briefed by the Daily Mail held senior positions at FTX until this week and said they were briefed on the company’s finances by senior executives.

Bahamas-based FTX filed for bankruptcy on Friday, after a wave of client withdrawals earlier this week. A bailout deal with rival exchange Binance fell through, precipitating the collapse of the most popular cryptocurrency exchange in years.

Ellison and Bankman are known to have been in a relationship, but have since separated.

According to CoinDesk, she was among nine friends who lived with the former businessman in a luxury apartment in the Bahamas.

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He said he mostly slept on couches and bean bags in the five-bed mansion, which he’s now trying to sell for $40 million.

Celebrity role

A number of celebrities who have publicly endorsed cryptocurrency trading platform FTX have been sued in an $11 billion class action lawsuit.

Stars like Tom Brady, Gisele, Shaquille O’Neal and Stephen Curry are among those named in the lawsuit filed in Florida.

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The lawsuit alleges that Bankman and the celebrities he recruited to endorse the company are liable for nearly $11 billion in damages to American consumers. Several stars have been “ambassadors” for the trading platform, while others have appeared in primetime commercials.

The lawsuit, filed by class action attorney Adam Moskovitz, alleges that they are “collectively liable for the billions of dollars in damages they have caused to the plaintiff.”

See also  The NBA champ sued to promote bankrupt FTX

The lawsuit came as Bankman, who has been the focus of the investigation, desperately tried to salvage his reputation on Wednesday, admitting: “We were overconfident and indifferent.”

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The full list of names in the new filing includes: Sam Bankman-Fried, Tom Brady, Gisele Bundchen, Stephen Curry, Golden State Warriors, Shaquille O’Neal, Udonis Haslem, David Ortiz, William Trevor Lawrence, Shohei Ohtani, Naomi Osaka, Lawrence Gene David and Kevin O’Leary”.

They are described in the 41-page report as “parties that either control, promote, aid, or actively participate” in FTX’s activities, which allegedly violated Florida law.

Complete scam system

“The deceptive and failed FTX platform was based on false claims and deceptive behaviour,” the lawsuit adds.

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“Although many incriminating FTX emails and texts have already been corrupted, we have identified and explained how the fraudulent FTX scheme was designed to take advantage of unsuspecting investors from all over the country who use mobile applications to make their investments.

As a result, American consumers collectively suffered more than $11 billion in damages.

The lawsuit was filed in the US District Court for the Southern District of Florida.

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