Money Laundering

FTX CEO ‘Created Secret Backdoor’ for Laundering Money, Court Hears

FTX CEO ‘Created Secret Backdoor’ for Laundering Money, Court Hears

An attorney for bankrupt cryptocurrency exchange FTX has testified in court that former CEO Sam Bankman-Fried ordered a "secret backdoor" to be created for laundering money. FTX lawyer Andrew Dietderich told the court that Bankman-Fried instructed the company's cofounder Gary Wang to create the backdoor. The move enabled Bankman-Fried's hedge…
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Top Executives Plead Guilty to Federal Fraud Charges in FTX Case

Top Executives Plead Guilty to Federal Fraud Charges in FTX Case

Two former top executives have pleaded guilty to federal fraud charges in the case against now-bankrupt cryptocurrency exchange FTX. Caroline Ellison, the former CEO of Alameda Research, and Gary Wang, a co-founder of FTX, have both reportedly pleaded guilty and are cooperating in the criminal fraud case. Prosecutors say the…
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Elon Musk: FTX CEO Funneled ‘Over $1B’ to Democrats

Elon Musk: FTX CEO Funneled ‘Over $1B’ to Democrats

Twitter boss Elon Musk has demanded to know where "the money went" after declaring that Sam Bankman-Fried, the disgraced former CEO of cryptocurrency exchange FTX, funneled "over $1B" to Democrats. If the number is accurate, Musk's allegation would mean Sam Bankman-Fried (SBF) donated significantly more than the initially reported $40…
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FTX CEO Donated $300K to Members of Committee Investigating Him

FTX CEO Donated $300K to Members of Committee Investigating Him

The CEO of FTX reportedly donated $300,000 to Democrat members of the U.S. House committee that is investigating his recently collapsed fraudulent cryptocurrency exchange. CEO and co-founder Sam Bankman-Fried has been accused of running a money laundering operation that used cryptocurrency to funnel taxpayer funds into the campaigns and pockets…
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Full List of Democrats That FTX CEO Pumped Cash To

Full List of Democrats That FTX CEO Pumped Cash To

One of the biggest scandals emerging from last week's implosion of cryptocurrency company FTX is how much cash the CEO was pumping into the coffers of U.S. Democrats. As Slay News has been reporting, FTX has been exposed for being at the center of a money laundering effort in Ukraine. FTX…
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