Every Monday and Wednesday host Kelly O’Grady speaks with plugged in experts to discuss the latest twists and turns in the case against the FTX CEO.
Sam Bankman-Fried, FTX founder, was arrested in the Bahamas a day before he was to testify before the House Financial Services Committee.
Bankman-Fried is accused of defrauding customers and investors to fund a lavish lifestyle, officials said. Federal prosecutors said beginning in 2019, he diverted their money to cover expenses, debts and risky trades at his crypto hedge fund, Alameda Research, in addition to making lavish purchases and illegal campaign contributions without telling his customers, according to a 13-page indictment.
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Every Monday and Wednesday host Kelly O’Grady speaks with plugged in experts to discuss the latest twists and turns in the case against the FTX CEO.
Sam Bankman-Fried, FTX founder, was arrested in the Bahamas a day before he was to testify before the House Financial Services Committee.
Bankman-Fried is accused of defrauding customers and investors to fund a lavish lifestyle, officials said. Federal prosecutors said beginning in 2019, he diverted their money to cover expenses, debts and risky trades at his crypto hedge fund, Alameda Research, in addition to making lavish purchases and illegal campaign contributions without telling his customers, according to a 13-page indictment.
Binance, the world's biggest cryptocurrency exchange, has been slapped with a $4 billion fine by the US government. The DOJ says the platform knowingly allowed bad actors to launder money through Binance, and now the CEO, Changpeng Zhao, has resigned and pleaded guilty to federal charges.
Former Chief Strategy Officer at Binance, Patrick Hillman, joins the podcast to give his reaction to the scandal and where the company went wrong.
He joins Kelly on the podcast to break down the difference between the scandals at FTX and Binance, why we should expect more crypto companies to face a crackdown from the DOJ, and how regulation could save the crypto space.
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The Trial of Sam Bankman-Fried
Every Monday and Wednesday host Kelly O’Grady speaks with plugged in experts to discuss the latest twists and turns in the case against the FTX CEO.
Sam Bankman-Fried, FTX founder, was arrested in the Bahamas a day before he was to testify before the House Financial Services Committee.
Bankman-Fried is accused of defrauding customers and investors to fund a lavish lifestyle, officials said. Federal prosecutors said beginning in 2019, he diverted their money to cover expenses, debts and risky trades at his crypto hedge fund, Alameda Research, in addition to making lavish purchases and illegal campaign contributions without telling his customers, according to a 13-page indictment.
