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Sam Bankman-Fried's Pre-Collapse Actions and Bail Agreement Updates.

1 min read
Source: Cointelegraph
Sam Bankman-Fried's Pre-Collapse Actions and Bail Agreement Updates.
Photo: Cointelegraph
TL;DR

Prior to the collapse of FTX, founder Sam Bankman-Fried (SBF) allegedly shilled the exchange's risk model to Federal Deposit Insurance Corporation (FDIC) chairman Martin Gruenberg, with the intention of getting the exchange federally regulated. The invitation was mediated by former CFTC commissioner Mark Wetjen, who joined FTX US as the head of policy and regulatory strategy in November 2021. Recent court documents revealed that SBF and five other former FTX and Alameda Research executives received $3.2 billion in payments and loans from FTX-linked entities, with SBF reportedly receiving the lion's share of $2.2 billion.

Topics:businesscryptocurrency#cftc#cryptocurrency#fdic#ftx#regulation#sbf
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  1. SBF shilled FTX risk model to FDIC chairman Gruenberg prior to collapse  Cointelegraph
  2. Sam Bankman-Fried scored meeting with top regulator, tried to win influence before FTX's collapse: Emails  Washington Examiner
  3. Sam Bankman-Fried, U.S. prosecutors near new bail agreement  Reuters
  4. Sam Bankman-Fried to propose revised bail package ‘by next week’  Cointelegraph
  5. Earlier Red Flags and Warnings About Sam Bankman-Fried  CoinDesk

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