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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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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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