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Tag: zac prince

The Trial of Sam Bankman-Fried: Live Blog, Latest News and Insights – Decrypt

The trial of Sam Bankman-Fried, the disgraced founder of FTX and former crypto billionaire, has begun.Federal prosecutors accuse him of masterminding one of the...

Here’s What SBF’s Ex-Girlfriend Said In Court About the FTX Fraud

Former Alameda Research CEO Caroline Ellison took the stand on Tuesday to testify to the alleged crypto fraud led by her and her...

SBF Trial, Day 4: Gary Wang Reveals Alameda’s Special Privileges Extend to Early FTX

Posted October 6, 2023 at 10:38 pm EST. NEW YORK—In continued testimony Friday, Gary Wang, the co-founder of both Alameda Research and FTX...

SBF Trial, Day 3: Long-Time Friend Says, ‘FTX Defrauded All of Its Customers’

Reporting from inside Sam Bankman-Fried’s criminal trial: Former FTX software developer Adam Yedidia, Paradigm co-founder Matt Huang, and FTX cofounder Gary Wang took...

Court approves BlockFi’s disclosure statement conditionally

BlockFi Inc. and its affiliates announced that the United States Bankruptcy Court for the District of New Jersey conditionally approved the company's Disclosure Statement...

BlockFi Ignored Warnings About FTX and Alameda, Say Creditors

Creditors of the bankrupt crypto firm allege that BlockFi loaned enormous sums to Alameda, collateralized by FTT tokens, despite being privy to the...

BlockFi CEO Knew About Shaky FTX Balance Sheet Before Collapse, Creditors Allege – Decrypt

Defunct crypto lender BlockFi continued to keep substantial amounts of its client funds at FTX even though its leadership saw the exchange’s highly questionable...

BlockFi’s Collapse Tied to Ignored Risks with FTX and Alameda Research

A preliminary report titled "Why Did BlockFi Fail?" submitted to the United States Bankruptcy Court for the District of New Jersey on July 14,...

BlockFi CEO ignored risks from FTX and Alameda exposure, contributing to collapse: court filing

Zac Prince, the CEO of bankrupt cryptocurrency lending firm BlockFi, allegedly disregarded recommendations from the company’s risk management team over lending assets to Alameda...

Crypto firms hardpressed to find U.S. bank partners as industry blames ‘Operation Choke Point 2.0’

Cryptocurrency firms are struggling to find new banking partners following the closure of three of the largest crypto-friendly banks in the U.S. Stakeholders and...

US Lawmakers Question Circle and BlockFi on SVB Banking Terms

The chief executives of Circle and BlockFi received letters asking them to disclose their rationale for banking with SVB. ...

Bankruptcy Court Approves BlockFi’s $4.7M Sale of Crypto Mining Rigs

Advertisement &nbsp &nbsp The mining equipment is spread across Texas, Georgia, Kentucky, Dakota, and Norway. BlockFi was forced into bankruptcy last year due to...

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