The News Radar

Timely links to external news and articles, usually valuation related, with occasional commentary.


Originally posted Thursday, 22 December 2022
Bankman-Fried Associates Flip as FTX Founder Arrives in NYC

FTX co-founder Sam Bankman-Fried landed in the US late Wednesday to face a range of criminal charges just as two of his long-time associates said they were cooperating with prosecutors.

The revelation that Caroline Ellison and Gary Wang had pleaded guilty to fraud and were working with federal officials probing the collapse of the crypto exchange is an ominous sign for Bankman-Fried. The 30-year-old is facing an eight-count indictment in New York.

This guy is done for.