FTX’s former chief technology officer reportedly claimed in court that then CEO Sam Bankman-Fried authorized Alameda Research’s account to trade more funds than it had available. [...]
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According to crypto analytics firm Arkham, at least $4 million of these losses were “preventable losses.” [...]
FTX CEO Sam Bankman-Fried has resigned his position, and will be succeeded by John Ray. [...]
Wallets associated with Sam Bankman-Fried’s Alameda Research could be behind the dollar de-peg, alleges Tron’s founder. [...]