BREAKING: Disgraced crypto bro Sam Bankman-Fried under criminal investigation by DOJ

Click here to read the full article.

Sam Bankman-Fried, the disgraced former CEO of the collapsing cryptocurrency company FTX, is being investigated by the Justice Department for potentially manipulating the market in a way that led two interrelated cryptocurrency companies to collapse in a chain that eventually led to his own company’s downfall.

The New York Times reports that Bankman-Fried manipulated the currencies of two crypto companies, TerraUSD and Luna, in order to benefit FTX and Alameda Research, which was run by Caroline Ellison, who was in an on-again, off-again relationship with Bankman-Fried.

The investigation into the two companies is part of a deeper look into how $8 billion of FTX customer funds inexplicably vanished in November. At the same time, Bankman-Fried had a personal net worth of around $16 billion but that reportedly has diminished by 94 percent and he resigned from his position on November 11.

Continue reading here.

Scroll down for comments and share your thoughts!


What do you think?

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

Musk’s Twitter Revives Big Name as He Makes First Post in Years: ‘I’m BAAAAAAAAAAAAAAAAAACK’

BREAKING: Chicago high school dean brags to Project Veritas reporter about teaching 'queer sex' to minor students