FTX secretly funded crypto news site - Axios




  • In US
  • 2022-12-09 21:48:32Z
  • By Reuters
 

(Reuters) - Cryptocurrency exchange FTX secretly funded media company the Block for over a year with money sent to the Block's chief executive, Axios reported on Friday, citing sources.

The Block's employees were previously unaware of the payments, according to the report.

FTX did not immediately respond to a Reuters request for comment, while FTX's former Chief Executive Sam Bankman-Fried did not respond to a phone call and text message seeking comment.

Regulators around the globe, including in the Bahamas where FTX is based and in the United States, are investigating the role of FTX's top executives in the firm's stunning collapse, Reuters previously reported.

The crypto exchange filed for bankruptcy last month after a liquidity crisis that saw at least $1 billion of customer funds vanish.

(Reporting by Anirban Chakroborti in Bengaluru and John McCrank in New York; Editing by Shounak Dasgupta)

COMMENTS

More Related News

FTX judge weighs demand for independent bankruptcy investigation
FTX judge weighs demand for independent bankruptcy investigation
  • US
  • 2023-02-06 11:02:09Z

A U.S. bankruptcy judge at a court hearing in Delaware will consider on Monday whether to greenlight a court-supervised investigation into the collapse of...

Bankrupt FTX threatens legal action to claw back donations to politicians, charities
Bankrupt FTX threatens legal action to claw back donations to politicians, charities

The move marks a shift in tone from December when recipients of FTX donations were requested to "voluntarily" return the funds.

FTX Wants Politicians, PACs to Return Donations-And May Sue to Recover Funds
FTX Wants Politicians, PACs to Return Donations-And May Sue to Recover Funds

The public request echoed previous statements but set a February deadline.

This Week on Crypto Twitter: Sam Bankman-Fried Emailed Witnesses and Bought "Cumrocket" Tokens
This Week on Crypto Twitter: Sam Bankman-Fried Emailed Witnesses and Bought "Cumrocket" Tokens

The FTX saga enters a weird(er) phase, and jilted influencers decry a Rally rugpull.

FTX Asks Politicians Who Received Bankman-Fried Donations to Return Money
FTX Asks Politicians Who Received Bankman-Fried Donations to Return Money

Sam Bankman-Fried and his companies showered D.C. with up to $93 million in political donations. Now, the bankrupt FTX wants its money back.

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments

Top News: US