News Explorer — SBF’s Brother Planned to Use FTX Funds to Buy Island Nation for Apocalypse Bunker, Lawsuit Alleges

SBF’s Brother Planned to Use FTX Funds to Buy Island Nation for Apocalypse Bunker, Lawsuit Alleges

The FTX bankruptcy estate has filed lawsuits to recover funds from the collapse of Sam Bankman-Fried’s crypto empire. The latest claim seeks 48 counts related to fraudulent transfers by former FTX executives, including allegations of using customer funds for personal expenses and setting up a charity with little purpose. One of the most notable revelations is Gabe Bankman-Fried’s plan to buy the island nation of Nauru for a bunker for effective altruists in case of an apocalypse.

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Jul 21, 3:44 am

Fortune

SBF’s Brother Planned to Use FTX Funds to Buy Island Nation for Apocalypse Bunker, Lawsuit Alleges

The FTX bankruptcy estate has filed lawsuits to recover funds from the collapse of Sam Bankman-Fried’s crypto empire. Th… Read Summary

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Jul 21, 1:38 am

Cointelegraph

U.S. Department of Justice to Double Crypto Crime Team Staff

The United States Department of Justice (DoJ) has announced plans to expand its crypto crime team by doubling its staff…. Read Summary

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Jul 21, 1:12 am

The Block

DOJ Accuses Sam Bankman-Fried of Leaking Alameda Chief’s Diary to Press

The United States Department of Justice has accused Sam Bankman-Fried, former CEO of FTX, of leaking the private diary o… Read Summary

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Jul 20, 7:46 pm

Decrypt

Melania Trump NFT Apparently Breaks NASA Regulations

Former First Lady Melania Trump may have violated NASA’s policy on image usage by featuring a NASA photo in her latest N… Read Summary

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Jul 20, 4:20 pm

Decrypt

Canadian Crypto Owners Are Targets of Home Invasions: Police

Canadian neighborhoods are experiencing a rise in home invasion-style robberies targeting wealthy crypto investors. The… Read Summary

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Jul 20, 4:17 pm

Decrypt

Crypto Funds in Fentanyl Trade Largely Come From Centralized Exchanges: Report

A new report by Elliptic reveals that crypto funds originating from centralized exchanges are being used to finance the… Read Summary

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Jul 20, 3:58 pm

Decrypt

Crypto Gamblers Are Now Betting on Streaming Hamster Races

Hamsters.gg, a new online gambling site, offers livestreamed hamster races where users can bet Binance USD stablecoin on… Read Summary

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Jul 20, 3:38 pm

Reuters

FTX Sues SBF, Former Executives to Recoup $1B in ‘Misappropriated’ Funds

FTX Trading Ltd has filed a lawsuit against founder Sam Bankman-Fried and other former executives, alleging that they mi… Read Summary

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Jul 20, 3:14 pm

Decrypt

House Bill Seeks to Clarify US Crypto Regulation

U.S. lawmakers have introduced the Financial Innovation and Technology for the 21st Century Act, a 212-page bill aimed a… Read Summary

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Jul 20, 2:58 pm

Decrypt

Ex-Alameda CEO Caroline Ellison Admits She Wasn’t ‘Well Suited’ for Role

Former Alameda Research CEO Caroline Ellison, who admitted fraud related to the collapse of FTX, stated in her diary tha… Read Summary

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Jul 20, 1:51 pm

The Block

Uniswap Creator Hayden Adams Hit by Twitter Hack

The Twitter account of Uniswap creator Hayden Adams was hacked, with several tweets containing scam links sent from the… Read Summary

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Jul 20, 1:37 pm

Coindesk

Coinbase Borrow Program to Shut Down

Coinbase Borrow, a program that allowed customers to receive fiat loans against their bitcoin holdings, will be shutting… Read Summary

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Jul 20, 12:55 pm

Decrypt

Senate DeFi Bill Is ‘Messy and Unconstitutional,’ Says Coin Center

Crypto legal experts are skeptical of the proposed CANSEE Act, a Senate bill aimed at regulating money laundering in the… Read Summary

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Jul 20, 12:35 pm

Decrypt

Solana Foundation: No Downtime Since February

The Solana Foundation has released a network performance report showing significant improvements since October 2022. The… Read Summary

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