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Matt Huang claimed that he had been under the impression that Alameda Research was not receiving any special treatment from FTX. According to Matthew Huang, the co-founder and managing partner of the crypto investment firm Paradigm, Sam “SBF” Bankman-Fried was strongly opposed to the idea of allowing investors to join the board of directors at FTX. This stance has raised eyebrows, especially among Paradigm and various venture capital firms like Sequoia, Temasek, and BlackRock, who all suffered losses due to their investments in the now-bankrupt crypto exchange. In response, they have faced scrutiny and subsequently issued statements regarding their involvement with FTX. During his testimony in a New York Federal Court on the third day of Bankman-Fried’s trial, Huang asserted that Bankman-Fried believed that having investors on FTX’s board of directors would not bring significant benefits. FTX’s board reportedly consisted of only three individuals: Bankman-Fried himself, an...

SBF’s Parents Involved In FTX Crash Deaton took to Twitter to expose the details of Bankman-Fried’s parents’ involvement in FTX’s financial affairs. According to Deaton, Bankman-Fried had transferred $10 million to an FTX account under his name, which he then gifted to his father, Joseph Bankman.  advertisement   SBFraud gifted $10 million in an FTX account in his name and then immediately transferred the money to his father. SBFraud’s dad has long taught corporations and tax law at Stanford Law School for decades. Have you seen all the shell corporations his dad helped him set up? His… https://t.co/nkMplVdsfv — John E Deaton (@JohnEDeaton1) August 14, 2023 Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read ...

During the weekend, a new crypto token called BALD stole the limelight. It quickly rose up in value by nearly 4,849,900%. A few hours back, the BALD deployer removed 11,137 ETH liquidity [~$20M], triggering an 87% collapse of the token. Source: DEX Screener Source: Coinbase’s Base Welcomes Meme Coin Season: Assets Rise Upto 7-Million% Several members of the community have started speculating that FTX founder Sam Bankman-Fried, might be behind the project. Blockchain securities and analytics firm PeckShield recently used the SBF hashtag in one of its recent tweets and pointed out that the FTX was one of the top counterparty CEXes used by the address to move the rugged ETH. Now others have also started making rigid allegations. Connecting the dots, people have started finding several sentence structure and language similarities between the BALD deployer and SBF . The deployer was also allegedly the first voter on all SushiSwap proposals and the biggest dYDx farmer...

Also Read: SBF Might Face Pre-Trial Jail Time As Prosecutors Cite Intimidation Tactics advertisement SBF Tried To Intimidate Witnesses As per the letter, DOJ stated that SBF was released on a bond on December 22, 2022, however, multiple bail modifications were made later on the defendant’s request. It mentioned that on January 15, 2023, the defendant initiated communication with the current General Counsel of FTX US who may be a witness at trial. SBF allegedly contact FTX US lawyer over the encrypted messaging application Signal, as well as by email. SBF wrote that he would really love to reconnect and see if there’s a way for us to have a constructive relationship. He asked the lawyer if they can use each other as resources when possible, or at least vet things with each other. DOJ highlighted that SBF has been using Singal for obstructive purposes, while its autodeletion of messages from communication channels has further complicated the in...