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Most white-collar defendants lay low, but the ex-CEO of the collapsed cryptocurrency exchange FTX has been talking, tweeting, and sending email newsletters. Those comments could come back to hurt him.
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Sam Bankman-Fried, the founder and former CEO of FTX, has been unusually talkative following the November collapse of the cryptocurrency exchange and his subsequent indictment on fraud and other charges.
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Cryptocurrencies are reeling after a miserable year that saw the collapse of companies such as FTX. A look at what lies ahead.
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The naming rights deal between FTX and Miami-Dade County has been terminated by a federal bankruptcy court. The move allows the collapsed cryptocurrency exchange's brand to be stripped from the arena where the NBA's Miami Heat play.
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The co-founder and former CEO of FTX pleaded not guilty to eight criminal counts related to the spectacular collapse of his crypto exchange.
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The 30-year-old is in FBI custody and on his way back to the United States, the U.S. Attorney for the Southern District of New York, Damian Williams, said in a video posted to Twitter late Wednesday.
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Binance temporarily froze withdrawals after customers withdrew more than $1 billion worth of crypto on Tuesday, fueling fears more crypto companies could collapse.
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Sam Bankman-Fried was arrested in the Bahamas, based on a criminal indictment that was unsealed Tuesday. Authorities say he improperly diverted billions of dollars.
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During an hour-long interview at the New York Times Dealbook Summit, Bankman-Fried frequently portrayed himself as in the dark about the condition of the multi-billion dollar exchange he founded.
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After the collapse of FTX, many are wondering if another cryptocurrency platform called Genesis will fall next.
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The now-bankrupt cryptocurrency exchange FTX made real money off of its own digital currency, called FTT. That currency is practically worthless now, but investors continue to trade it.
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FTX CEO Sam Bankman-Fried says that, until investors get used to higher interest rates, risk assets, including cryptocurrency, won't recover.