cryptonews: U.S. prosecutors have defended the timing of Sam Bankman-Fried's arrest, amid criticism that it stopped FTX's founder from testifying before Congress.
All of this meant that the wheels were in motion before SBF had actually confirmed that he would appear before the House Financial Services Committee. Williams said:
He told reporters that illegal campaign contributions worth millions of dollars was made to Democrats and Republicans alike. Meanwhile, the FBI's assistant director in charge, Michael Driscoll, alleged that SBF "knowingly defrauded customers of FTX through the misappropriation of customer deposits."
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Feds Defend Decision to Nab Bankman-Fried Before Congressional TestimonyLawmakers expressed both surprise and outrage at the move to arrest crypto king Sam Bankman-Fried in the Bahamas. Rep. William Timmons said it was “kind of bizarre” that investigators would not want to have a target grilled for hours under oath.
Read more »
Exclusive Transcript: The Full Testimony SBF Planned To Give To CongressBefore he was arrested, Forbes obtained a draft of Bankman-Fried's full testimony and is publishing it here, verbatim
Read more »
Indictment against SBF unsealed, contains 8 counts of financial and elections fraudThe indictment of former FTX CEO Sam Bankman-Fried has been unsealed and contains eight counts of fraud, including a variety of charges relating to elections contributions.
Read more »
SBF and Caroline Ellison Allegedly Had a Secret Groupchat Called “Wirefraud”A new report alleges that ex-FTX CEO Sam Bankman-Fried and ex-Alameda CEO Caroline Ellison were in a secret groupchat called 'Wirefraud.'
Read more »
Breaking: SBF denied bail by Bahamas Magistrate Court judgeIt appears that defense counsel has highlighted his lack of criminal record and reported mental illness in supporting the decision.
Read more »
Crypto now has everyone's attention as SBF arrested, FTX mess unfurlsThe only thing moving faster than this year's crypto collapse is its aftermath.
Read more »