Sam Bankman-Fried

FTX Founder SBF Faces Scandal for Bribing $40 Million to Chinese Officials to Unfreeze Alameda’s Crypto Accounts

In a recent court filing, FTX founder Sam Bankman-Fried has been accused of bribing $40 million to Chinese officials to unfreeze crypto accounts. As the cryptocurrency industry continues to grow and evolve, so too do the challenges and controversies that surround it. One such controversy involves Sam Bankman-Fried (SBF), the founder of FTX, a prominent...
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FTX launches spot margin trading after UI lag fuels liquidations

Popular crypto-derivatives exchange FTX was in the crosshairs earlier today after UI outages contributed to severe consequences for a few traders in the market. According to a series of tweets, FTX was delayed in sending fill reports to users. This meant that most traders operated under the assumption that their orders didn’t go through when...
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DeFi’s $COVER: Another ‘rug pull’ and coin dump?

DeFi’s total value locked [TVL] figures seem to be holding above $10 billion, however, scams are crawling out of the shadows, one project at a time. While ‘scam’ is a strong, blanket word, not all projects are scams per se. This weekend, the COVER project seems to have caught the attention of this label. Riding...
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