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Bankman-Fried while out on bail can only use 'non-smartphone' without internet

Limiting the FTX founder Sam Bankman-Fried’s access to a device that gained popularity when he was about three years old is the latest development in a fight over his communications. The functions on his phone will be restricted to voice calls and SMS text messages.

Samuel Bankman-Fried(AP)
Updated on Mar 05, 2023 02:46 AM IST
Bloomberg | | Posted by Singh Rahul Sunilkumar

Bankman-Fried faces new criminal charges, accused of hiding political donations

After founding FTX in 2019, Bankman-Fried rode a boom in the value of Bitcoin and other digital assets to attain an estimated $26 billion net worth. The exchange collapsed in November amid a flurry of customer withdrawals over concerns the exchange was commingling assets with Alameda.

FTX Founder Sam Bankman-Fried exits a Manhattan Federal Court.(Getty Images via AFP)
Published on Feb 23, 2023 10:43 PM IST
Reuters | | Posted by Singh Rahul Sunilkumar

Bitcoin price highest since August ahead of Chinese New Year

Bitcoin, the largest cryptocurrency rose as much as 2.1% to $22,786, the highest level since August 18. It also had strong gains over Friday and Saturday last weekend. Second-ranked Ether advanced as much as 2.4% to levels not seen since September.

Bitcoin has rallied to start 2023 amid a more promising macro picture.
Published on Jan 21, 2023 04:29 PM IST
Bloomberg | | Posted by Singh Rahul Sunilkumar

Goldman Sachs sees opportunity to invest in crypto firms after FTX collapse

FTX's implosion has heightened the need for more trustworthy, regulated cryptocurrency players, and big banks see an opportunity to pick up business, Mathew McDermott, Goldman's head of digital assets, told Reuters.

A trader works in the Goldman Sachs booth on the floor of the New York Stock Exchange. Rebecca Allen has sued the company for denying her promotions because of her race.(AP File Photo)
Published on Dec 06, 2022 12:08 PM IST
Reuters | | Posted by Singh Rahul Sunilkumar

Bankman-Fried's FTX, parents bought Bahamas property worth $121 mn: Report

The most expensive purchase was a $30 million penthouse at the Albany, a resort where Tiger Woods hosts a golf tournament every year. FTX Property Holdings Ltd, an FTX unit, bought 15 properties worth nearly $100 million in 2021 and 2022.

Collapsed cryptocurrency exchange FTX.(AFP)
Published on Nov 22, 2022 11:47 AM IST
Reuters | | Posted by Singh Rahul Sunilkumar
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