DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Sam Bankman - 2 — - 2 Caroline Ellison - 2 Fried - 2 Ellison - 2 Sam - 2 FTX - 2 Nishad Singh - 1
Top related locs:
Alameda Manhattan FTX Bahamas New York Bankman Ellison
Top related orgs:
Service - 2 Alameda Research - 2 Alameda - 2 Bankman - 1 AP - 1 Democratic - 1 Prosecutors - 1 REUTERS - 1

Search resuls for: "FTX wouldn't"


2 mentions found


☆ 'I'd been suicidal for days': Sam Bankman-Fried lieutenant testifies about immense pressure to keep FTX crypto scam going — before it all crashed
  + stars: | 2023-10-17 | by ( Jacob Shamsian | ) www.businessinsider.com   time to read: +13 min
He testified at the Sam Bankman-Fried trial that he was 'suicidal' over the crypto scam. AdvertisementAdvertisement"I've always been intimidated by Sam," Singh testified Monday. Before the September 2022 realization that Alameda was taking FTX customer money, Singh had participated in fraudulent activity in other ways. When he returned, the FTX CEO told Singh that he believed he could get $5 billion more in investments, Singh testified. As the chaos continued to roil FTX, Bankman-Fried, Ellison, and other executives pointed fingers at each other while employees and customers demanded answers, Singh said.
Persons: Nishad Singh, Sam Bankman, —, Singh, Gary Wang, Caroline Ellison, Wang, Fried, unsurprised, Ellison —, Ellison, FTX wouldn't, he'd, Gabe Bankman, Adam Yedidia, Singh —, Ryan Salame —, Singh's, Sam, FTX, Mary Altaffer, Anthony Scaramucci, Seth Wenig, Salame —, funneling, Coindesk, FTX —, Binance, Jane Rosenberg Bankman, Bankman, I'd, roil Organizations: Service, Alameda Research, Bankman, Alameda, AP, Democratic, Prosecutors, REUTERS Locations: Alameda, FTX, Bahamas, Manhattan, New York, Bankman
☆ Caroline Ellison 'freaked out' when the crypto market crashed as she realized Alameda owed billions to lenders
  + stars: | 2023-10-11 | by ( Katie Balevic | Jacob Shamsian | ) www.businessinsider.com   time to read: +3 min
Bankman-Fried directed Ellison to find "alternative ways" to present troubling finances to lenders. Around May 2022, as Alameda continued to borrow from FTX, Ellison said the cryptocurrency market experienced a downturn, as did Alameda's assets. Despite the troubling outlook, Ellison said, Bankman-Fried directed her to continue using FTX customer's assets and other liquid assets to repay Alameda's lenders. Despite her concerns, Bankman-Fried "continued to direct me to repay the loans" that Alameda owed to lenders, Ellison said. When pressed, she added that she "understood that to mean he was telling me to use Alameda's line of credit at FTX."
Persons: Caroline Ellison, Sam Bankman, Fried, Ellison, —, Sam, FTX, messaged Ellison Organizations: Service, Alameda Research, Alameda Locations: Manhattan, Alameda, Ellison
0 next >>
Total: 2