Галерея 3140291
![](/file/02050ab87549b8d717c55.gif)
⚡ ПОДРОБНЕЕ ЖМИТЕ ЗДЕСЬ 👈🏻👈🏻👈🏻
Галерея 3140291
Best News Website or Mobile Service
WAN-IFRA Digital Media Awards Worldwide
Best News Website or Mobile Service
13 Dec 2022 07:48AM
(Updated: 13 Dec 2022 04:41PM)
Choose a newsletter Morning Brief Evening Brief Breaking news alerts CNA Insider CNA Commentary All of the above
Official Domain
|
Terms & Conditions
|
Privacy Policy
This browser is no longer supported
FILE PHOTO: Samuel Bankman-Fried, founder and CEO of FTX, testifies during a Senate Committee hearing in Washington, DC on Feb 9, 2022. (Photo: AFP)
FTX founder Sam Bankman-Fried was arrested in the Bahamas at the behest of US prosecutors on Monday (Dec 12), the day before he was due to testify before Congress about the abrupt failure last month of one of the world’s largest cryptocurrency exchanges.
The arrest marks a stunning fall from grace for the 30-year-old entrepreneur widely known by his initials SBF, who rode a boom in bitcoin and other digital assets to become a billionaire many times over until FTX's rapid demise.
The exchange, launched in 2019 and based in the Bahamas, filed for bankruptcy Nov 11 after it struggled to raise money to stave off collapse as traders rushed to withdraw US$6 billion from the platform in just 72 hours. Since then it emerged Bankman-Fried secretly used US$10 billion in customer funds to prop up his trading business.
The arrest came as Bankman-Fried prepared to lash out at his former lawyers at Sullivan and Cromwell, new FTX CEO John Ray and rival exchange operator Binance at a Congressional hearing.
In the testimony, a draft copy of which was seen by Reuters, Bankman-Fried planned to say he was pressured by Sullivan and Cromwell lawyers to nominate Ray as CEO following the sudden exodus of customer funds. And when within minutes he changed his mind, following an offer of billions of dollars of fresh funding, he was told it was too late.
Bankman-Fried will now be unable to testify, according to Congresswoman Maxine Waters, who said in a statement she was surprised to hear of his arrest. Ray's testimony will go ahead.
Bankman-Fried was arrested shortly after 6pm on Monday at his apartment complex, a luxury gated community called the Albany, and will appear in a magistrate court on Tuesday, Bahamian police said. The Bahamas attorney general's office said it expects he will be extradited to the United States.
A spokesman for the US Attorney's office in Manhattan confirmed Bankman-Fried had been arrested in the Bahamas but declined to comment on the charges.
US prosecutors said they had a sealed indictment against Bankman-Fried and charges would be revealed on Tuesday. The New York Times reported he faces fraud and money laundering charges.
The US Securities and Exchange Commission separately authorised charges relating to Bankman-Fried's violations of securities laws, the regulator said on Monday.
Bankman-Fried and his lawyer Mark Cohen did not immediately respond to requests for comment, nor did Sullivan and Cromwell, FTX, Ray and Binance.
Bankman-Fried has said he doesn't think he has any criminal liability . "I didn't ever try to commit fraud," Bankman-Fried said in a Nov 30 interview at the New York Times' Dealbook Summit.
FTX's demise sent shockwaves through an already-battered cryptocurrency industry, which has seen a string of meltdowns this year that have taken down other key players including Voyager Digital and Celsius Network.
More trouble might be on the horizon for the industry. Reuters reported Monday that some Justice Department prosecutors believe they have gathered sufficient evidence in their long-running investigation of Binance to charge the world's largest cryptocurrency exchange and some top executives.
A Binance spokesperson told Reuters for the article: "We don't have any insight into the inner workings of the US Justice Department, nor would it be appropriate for us to comment if we did."
Bitcoin was steady at US$17,150. It is down more than 60 per cent this year.
Since the collapse of FTX, Bankman-Fried has given numerous media interviews apologising for his mistakes and explaining what happened at the company, something that legal experts said could allow prosecutors to point to inconsistencies to undermine his credibility with a jury.
"The defense is going to be completely boxed in by the prior statements SBF has made and the very incisive questions he has answered in the press and on social media,” said criminal defense attorney and former federal prosecutor Renato Mariotti.
In his written testimony, Bankman-Fried repeated his mea culpa: "I would like to start by formally stating, under oath: I f****d up," he wrote.
Then, he launched into an explanation of how things went badly at FTX and his hedge fund Alameda Research, while criticizing Sullivan and Cromwell and Ray as well as arch rival Binance for their actions as his firm imploded.
Describing his decision to give up his role as CEO of FTX and appoint Ray, Bankman-Fried said he was pressured to do so by Sullivan and Cromwell and the general counsel of FTX's US unit, who he said was a former lawyer at the law firm.
Bankman-Fried said less than 10 minutes after he had signed a document at 4.30am on Nov 10 to make Ray the CEO of FTX, he received "a potential funding offer for billions of dollars." Bankman-Fried said he told his counsel to rescind the CEO appointment a few minutes later but was told it was already too late to do so.
Bankman-Fried said he had since been cut off from FTX's systems and Ray had not responded to his emails offering help or other information.
Bankman-Fried, who had become a prominent and unconventional figure known for his wild hair, t-shirts and shorts during crypto's boom, said the fortunes of FTX and his trading firm Alameda declined rapidly this year as crypto currencies crashed amid rising interest rates.
In late 2021, he said Alameda had net asset value of more than US$50 billion and manageable levels of debt. That became unsustainable as digital assets declined. "Last year, my net worth was valued at $20b,” Bankman-Fried wrote. “Last I saw, I believe my bank account had about US$100k in it.”
Be among the first to know the Breaking news
This service is not intended for persons residing in the E.U. By clicking subscribe, I agree to receive news updates and promotional material from Mediacorp and Mediacorp's partners.
Copyright© Mediacorp 2023. Mediacorp Pte Ltd. All rights reserved.
We know it's a hassle to switch browsers but we want your experience with CNA to be fast, secure and the best it can possibly be.
To continue, upgrade to a supported browser or, for the finest experience, download the mobile app.
Upgraded but still having issues? Contact us
Reporting from: https://duckduckgo.com
Search in
All fields
Title
Author/Contributor
Subject
Call number
Series
search for
Search
Help
Need help?
Chat with us (limited to Stanford community)
Email a reference question
Find a subject specialist
Using SearchWorks
Connection
Connect to e-resources
Report a connection problem
If we don't have it
Interlibrary borrowing
Suggest a purchase (limited to Stanford community)
System status
Advanced search
Course reserves
Selections ( 0 )
Clear all lists
Reporting from: https://duckduckgo.com
Toggle navigation
Back to results
Cite
Send to
text
email
RefWorks
EndNote
printer
Responsibility
pod red. M.D. Orakhelashvili i V.G. Sorina.
Imprint
Moskva : Partiĭnoe izd-vo, 1933-
Physical description
v. : port., facsims. ; 21 cm.
Contributor
Lenin, Vladimir Ilʹich, 1870-1924.
Orakhelashvili, M. D. (Mamia Dmitrievich), 1883-
Sorin, V. G. (Vladimir Gordeevich), 1893-1944
Russian S.F.S.R. Sovet narodnykh komissarov.
Institut Marksa-Ėngelʹsa-Lenina.
Contents
v.
1. Ot Okti͡abrʹskogo perevorota do rospuska uchreditelʹnogo sobranii͡a --
Subjects
Russia (Federation) Laws, etc.
Original date
1933
Note
At head of title, v. 1- : Institut Marksa-Ėngelʹsa-Lenina pri T͡SK VKP(6)
Reproduction
Microfiche. [Halifax, N.S.] : Dalhousie University, [198-?] microfiches ; 10 x 15 cm. (Russian micro project)
Related Work
Russian S.F.S.R. Laws, etc.
Start at call number:
DS265 .A145 MFICHE
Hours & locations
My Account
Ask us
Opt out of analytics
System status
Stanford Home
Maps & Directions
Search Stanford
Emergency Info
Terms of Use
Privacy
Copyright
Trademarks
Non-Discrimination
Accessibility
(Stanford users can avoid this Captcha by logging in.)
(Stanford users can avoid this Captcha by logging in.)
Items must be requested in advance and viewed on-site.
© Stanford University , Stanford , California 94305 .
Shortcuts zu anderen Sites, um außerhalb von DuckDuckGo zu suchen Mehr erfahren
30. Apr. 2022 DAISYPIXELS_yfbody_erika_dressNonHQ.package (2.8 MB) Download 38. Shared by: daisypixels: Downloads: 1811: Uploaded: April 30, 2022, 3:57 a.m.
Find local businesses, view maps and get driving directions in Google Maps.
Carrier and other users: FMCSA provides the Company Safety Profile (CSP) to motor carriers and the general public interested in obtaining greater detail on a particular motor carrier's safety performance then what is captured in the Company Snapshot. To obtain a CSP please visit the CSP order page or call (800)832-5660 or (703)280-4001 (Fee ...
13. Dez. 2022 13 Dec 2022 07:48AM (Updated: 13 Dec 2022 04:41PM) FTX founder Sam Bankman-Fried was arrested in the Bahamas at the behest of US prosecutors on Monday (Dec 12), the day before he was due to ...
Select search scope, currently: catalog all catalog, articles, website, & more in one search; catalog books, media & more in the Stanford Libraries' collections; articles+ journal articles & other e-resources
Hilf deinen Freunden und Verwandten, der Seite der Enten beizutreten!
Schütze Deine Daten, egal auf welchem Gerät.
Bleibe geschützt und informiert mit unseren Privatsphäre-Newslettern.
Wechsel zu DuckDuckGo und hole dir deine Privatsphäre zurück!
Benutze unsere Seite, die nie solche Nachrichten anzeigt:
Erfahre, wie wir uns dafür einsetzen, dass du online sicher sind.
Wir speichern weder deinen Suchverlauf, noch verfolgen wir dich im Internet.
Über $3,650,000 an Spenden für Datenschutz durch DuckDuckGo.
Wir zeigen Ihnen, wie du deine Privatsphäre online besser schützen kannst.
Мои половые губы и клитор
Голая домохозяйка Сью из Нью Джерси
Катаринелла колумбийка с волосатой пиздой любящая погулять