Sam Bankman-Fried's Influence and Investigations Amid FTX Collapse
TL;DR
Emails obtained by watchdog Protect the Public's Trust reveal that Sam Bankman-Fried and his now-bankrupt company FTX scored a meeting with the Federal Deposit Insurance Corporation (FDIC) in May 2022 and sought to influence the adoption of industry-friendly rules months before the exchange's collapse. FTX was on a lobbying spree to gain influence in Washington before its November 2022 collapse, which was due to it allegedly diverting customer funds to Alameda Research, a defunct-company Bankman-Fried co-founded. Bankman-Fried plead not guilty in January to a slew of criminal charges, including wire fraud and money laundering.
Topics:businesscryptocurrency-regulation#cryptocurrency-industry#cryptocurrency-regulation#federal-deposit-insurance-corporation#ftx#lobbying#sam-bankman-fried
- Sam Bankman-Fried scored meeting with top regulator, tried to win influence before FTX's collapse: Emails Washington Examiner
- SBF shilled FTX risk model to FDIC chairman Gruenberg prior to collapse Cointelegraph
- FTX News: Sam Bankman-Fried Faces Investigations Amid New Bail Restrictions CoinGape
- FTX founder Sam Bankman-Fried, US prosecutors near new bail agreement Malay Mail
- Sam Bankman-Fried to propose revised bail package ‘by next week’ Cointelegraph
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