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Top related persons:
FTX - 1 Sam Bankman - 1 John J - 1 Ray III — - 1 Gabriel Bankman - 1 Gabe Bankman - 1 Fried - 1
Top related locs:
Nauru It's Australia
Top related orgs:
FTX - 1 EA - 1 FTX Foundation - 1 Twitter - 1

Search resuls for: "Ray III —"


3 mentions found


☆ FTX planned to purchase the Pacific island nation of Nauru to build an apocalypse bunker, lawsuit says
  + stars: | 2023-07-21 | by ( Pete Syme | ) www.businessinsider.com   time to read: +3 min
FTX is suing Sam Bankman-Fried and other former bosses for $1 billion. SBF's brother discussed turning the island country of Nauru into an apocalypse bunker, the suit says. FTX wanted to purchase the Pacific island nation of Nauru to build a bunker in case of an apocalyptic event, according to a new lawsuit. The complaint says that the FTX founder's brother, Gabriel Bankman-Fried, discussed with an officer for the FTX Foundation a scheme to purchase the country of Nauru. A spokesperson for Sam Bankman-Fried did not immediately return Insider's request for comment.
Persons: FTX, Sam Bankman, John J, Ray III —, Gabriel Bankman, Gabe Bankman, Fried Organizations: FTX, EA, FTX Foundation, Twitter Locations: Nauru, It's, Australia
☆ Sam Bankman-Fried just explained what happened at FTX: Everything to know
  + stars: | 2022-12-01 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +6 min
While the world's most powerful finance official took the lunchtime billing, it was Sam Bankman-Fried who held the primetime slot. Sam Bankman-Fried, FTX CEO, at a digital assets hearing in 2021. Within minutes of starting, Sorkin asked Bankman-Fried directly if there was a commingling of funds between the two now-bankrupt companies he founded, FTX and Alameda Research. When Sorkin asked whether Bankman-Fried feels he has any criminal liability, Bankman-Fried said that's not what he's focused on right now. Earnings on deck: Toronto-Dominion Bank, Bank of Montreal, and Dollar General Corporation, all reporting.
☆ FTX's bankruptcy hearing is underway and the details are wild. Here's what to know.
  + stars: | 2022-11-23 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +6 min
FTX kicked off its bankruptcy hearing on Tuesday, and the initial statements give Sam Bankman-Fried and company little to cheer. James Bromley, counsel to FTX's new management, had choice words during the first day in the Delaware hearing. Ray and his new management team's estimate of FTX's cash holdings has nearly doubled, a Saturday filing showed. In the letter, seen by the Financial Times, Bankman-Fried said excessive borrowing by Alameda Research was responsible for FTX's collapse. Elon Musk's EV maker has seen its market cap plunge from a high of $1.2 trillion.
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