Sunday, October 19, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

FTX Roundup: SBF Gives Interview, Missing Funds Move, and Politicians Return Donations

by Mike Dalton
December 7, 2022
in Cryptocurrency
Reading Time: 3 mins read
A A
0
Home Cryptocurrency
Share on FacebookShare on Twitter


Key Takeaways

  • In a conversation published today, FTX CEO Sam Bankman-Fried discussed his actions during FTX’s collapse.
  • 255 BTC ($4.2 million) of funds taken from FTX were appear to have been deposited on crypto exchange OKX.
  • BlockFi’s bankruptcy proceedings revealed that the firm has $355 million frozen on FTX.

Share this article

Weeks after its collapse, FTX remains a focal point of the crypto news cycle.

SBF Interview Leaked

FTX CEO Bankman-Fried made headlines on Tuesday, November 29, after he gave a phone interview to YouTuber Tiffany Fong in which he provided greater context into many of his earlier actions.

During the conversation, Bankman-Fried provided details on why FTX briefly reopened withdrawals in the Bahamas during its collapse. While early statements suggested that the company had complied with regulators, Bankman-Fried admitted that the company had reached out to regulators and received no response within one day.

“They didn’t respond, and then we did it,” Bankman-Fried said, suggesting that the decision “was critical to the exchange being able to have a future.”

Bankman-Fried also said that his lawyers told him not to admit to wrongdoing, referring to an apology he wrote on Twitter on November 10 in which he wrote, “I’m sorry… I fucked up.” Bankman-Fried said that his lawyers told him: “You have to promise that you never, ever, ever say you fucked up again.”

Other FTX Developments

Other facts concerning FTX have come to light. Today, independent crypto sleuth ZachXBT claimed to have tracked the movement of funds mysteriously withdrawn from FTX in early November. ZachXBT believed that the perpetrator transferred 255 BTC ($4.1 million) to the crypto exchange OKX after mixing funds via ChipMixer.

The Texas Tribune stated that Texas Democratic candidate Beto O’Rourke had returned a $1 million donation from Bankman-Fried. O’Rourke reportedly returned the donation because it was unsolicited, not because of controversy around FTX. The funds were returned on November 4 before the exchange’s collapse. Relatedly, the authors of the Popular Information substack stated at least seven other politicians had also returned funds donated by FTX leaders before November 16.

Finally, BlockFi’s bankruptcy proceedings have revealed that the lending firm has deeper connections to FTX, including $335 million of assets frozen on FTX’s exchange. BlockFi has additionally sued Bankman-Fried in an attempt to seize Robinhood shares once pledged as collateral. The filing yesterday suggested that the company owes FTX $275 million.

Disclosure: At the time of writing, the author of this piece owned BTC, ETH, and other digital assets.

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.





Source link

Tags: DonationsFTXfundsInterviewmissingMovePoliticiansreturnRoundupSBF
Previous Post

Earnings: Hewlett Packard Enterprise (HPE) Q4 earnings beat Street view

Next Post

Energy stocks could double next year even in a flat market, according to Fundstrat’s Tom Lee

Related Posts

Are miners now web accumulators? Marathon provides 400 BTC after the crash

Are miners now web accumulators? Marathon provides 400 BTC after the crash

by Index Investing News
October 15, 2025
0

Bitcoin (BTC) miner MARA Holdings purchased 400 BTC for roughly $46 million on Oct. 13, capitalizing within the market collapse...

Citi Warned Stablecoins Could Drain Banks, Now Backs Their Tech

Citi Warned Stablecoins Could Drain Banks, Now Backs Their Tech

by Steven Walgenbach
October 10, 2025
0

Be a part of Our Telegram channel to remain updated on breaking information protection Citigroup has invested in stablecoin infrastructure...

M crypto shorts liquidated in the past hour

$80M crypto shorts liquidated in the past hour

by Vivian Nguyen
October 5, 2025
0

Key Takeaways Roughly $80 million in crypto quick positions have been liquidated in a single hour. Brief positions guess on...

Solana Ecosystem To Gain Boost With New Alliance Between Crypto.com And Sharps Technology – Details

Solana Ecosystem To Gain Boost With New Alliance Between Crypto.com And Sharps Technology – Details

by Godspower Owie
September 30, 2025
0

Trusted Editorial content material, reviewed by main trade consultants and seasoned editors. Advert Disclosure The Solana blockchain is unquestionably within...

Shiba Inu Price Eyes Recovery From Demand Zone

Shiba Inu Price Eyes Recovery From Demand Zone

by Coingapestaff
September 25, 2025
0

The Shiba Inu worth has drawn consideration as its chart reveals tightening consolidation close to a key demand zone. The...

Japan’s debt reckoning and the global economic warning

Japan’s debt reckoning and the global economic warning

by Christina Comben
September 20, 2025
0

Japan’s monetary markets are sending out a warning siren, not only for Tokyo, however for the remainder of the world....

Next Post
Energy stocks could double next year even in a flat market, according to Fundstrat’s Tom Lee

Energy stocks could double next year even in a flat market, according to Fundstrat's Tom Lee

Washington approves  billion arms sale to Qatar — RT World News

Washington approves $1 billion arms sale to Qatar — RT World News

How The Silver Market Broke

How The Silver Market Broke

October 19, 2025
Soybean Bulls Pushing Higher | Nasdaq

Soybean Bulls Pushing Higher | Nasdaq

October 19, 2025
Five funds to light up your Diwali: Three lumpsums and two SIPs

Five funds to light up your Diwali: Three lumpsums and two SIPs

October 18, 2025
Passenger bus crash in northeastern Brazil leaves 15 dead

Passenger bus crash in northeastern Brazil leaves 15 dead

October 18, 2025
Putin foe found ‘stabbed to death’ in Turkish villa where he lived in exile

Putin foe found ‘stabbed to death’ in Turkish villa where he lived in exile

October 18, 2025
Big Tech’s AI ambitions are remaking the US power grid. Consumers are paying the price.

Big Tech’s AI ambitions are remaking the US power grid. Consumers are paying the price.

October 18, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

How The Silver Market Broke

Soybean Bulls Pushing Higher | Nasdaq

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In