From: zerohedge FTX Files For Bankruptcy, Sam Bankman-Fried Resigns As CEO | ZeroHedge As widely expected, FTX – which was clearly insolvent after the biggest fraud in crypto history – has filed for bankruptcy, and its soon-to-be incarcerated boss Sam Bankman-Fried, f/k/a “the JPMorgan of his generation”, has resigned as CEO. Here is a press […]

From: zerohedge Commodities Soar After China Eases Quarantine Rules | ZeroHedge Commodities from Iron to crude to copper to soybeans soared after China made a significant change to the zero Covid policy that has caused nothing but trouble in the world’s second-biggest economy.  Almost all commodities, whether agriculture, energy, or metals, traded higher following the […]

From: zerohedge Bankman-Fried ‘Lent’ Billions In Customer Funds To His Trading Firm, Setting The Stage For Implosion | ZeroHedge Alameda Research – Sam Bankman-Fried’s (SBF) FTX-affiliated crypto hedge fund – “owed” FTX $10 billion after the exchange “lent” billions of dollars of sacrosanct customer assets to fund risky bets, just as we suspected… only even […]

From: zerohedge SBF Issues Mea Culpa: “I’m Sorry… I F**ked Up” As Alameda Research Winds Down Trading | ZeroHedge In his first words since the (alleged) ponzi fraud of FTX was exposed yesterday, Sam Bankman-Fried, CEO and founder of FTX, has issued a lengthy tweet-thread to try to explain himself. He begins: 1) I’m sorry. […]

From: zerohedge World’s Top Chipmaker To Build Another US Plant In Arizona | ZeroHedge Currently, US semiconductors are a measly 10% of global production. Most chips are produced in Asia, particularly South Korea and Taiwan, and the Biden administration has pushed the Chips and Science Act to boost development and production domestically.  The CHIPS Act […]

From: zerohedge “Beyond Our Ability To Help” – Binance Abandons FTX Deal; SBF Admits $8 Billion Shortfall, Bankruptcy Likely | ZeroHedge The Wall Street Journal reports that Sam Bankman-Fried told investors today that FTX has a shortfall of $8 billion, was seeking emergency liquidity, and that without more capital, bankruptcy is likely. Some have suggested […]

From: zerohedge FTX Post-Mortem: Bankman-Fried Admitted The “Ponzi Business” Of Crypto Yield Farming Months Ago | ZeroHedge Over the summer, I was stunned when a friend of mine sent me an interview with FTX CEO and crypto billionaire Sam Bankman-Fried that I had never seen before. In the interview, Sam, who I recently noted knows more about the […]

From: zerohedge Sam Bankman “Fried” Nearly All Of His $16 Billion Fortune | ZeroHedge Binance’s Changpeng Zhao appears to have cast the death blow on competitor FTX and its “billionaire” founder/CEO, Sam Bankman-Fried. Bankman-Fried’s fall from grace has been one of the more stunning losses of net worth in recent history. Despite there likely being issues under […]