Not long before FTX collapsed in November, its founder, Sam Bankman-Fried, sent $400 million to an obscure cryptocurrency trading firm called Modulo Capital.The fledgling firm, which was founded in March […]
Bahama Islands
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Back to news homeIn the Bahamas, a Lingering Sympathy for Sam Bankman-Fried
As the self-appointed standard-bearer for the crypto industry at large, Mr. Bankman-Fried was working to diversify the economy of an island that has long looked to expand beyond tourism, and […]
Restaurateur, Political Donor, Tipster: The Many Roles of FTX’s Ryan Salame
In Western Massachusetts, Ryan Salame was known as a local boy turned hometown hero who struck gold as a top executive at FTX, the now-collapsed cryptocurrency exchange, and used some […]
Sam Bankman-Fried Arrested in the Bahamas After US Prosecutors File Charges
Sam Bankman-Fried, the disgraced founder of the collapsed cryptocurrency exchange FTX, was arrested in the Bahamas on Monday after U.S. prosecutors filed criminal charges.“S.B.F.’s arrest followed receipt of formal notification […]
In FTX Collapse, Binance Sees a Chance to Become the New Face of Crypto
Mr. Zhao founded Binance after a brief career in finance, including a stint at Bloomberg, where he built trading software. He created the exchange when he was living in Shanghai.But […]
Small Investors Who Jumped Into Crypto on FTX Say, Now What?
When BlockFi’s marketing materials and sales agents said his investment was safe and redeemable at any time, he took them at their word.The Aftermath of FTX’s DownfallThe sudden collapse of the […]
How Sam Bankman-Fried’s FTX Crypto Empire Collapsed
“We won’t pretend to make love after divorce,” Mr. Zhao wrote on Twitter. “We won’t support people who lobby against other industry players behind their backs.”When FTX collapsed, Mr. Zhao […]
Sam Bankman-Fried, Crypto Billionaire, Wants Washington to Follow His Lead
Mr. Bankman-Fried spent much of Crypto Bahamas shuttling back and forth from his laptop to the convention stage. Even his mother, Barbara Fried, had trouble getting time alone with him: […]