Stay updated with breaking news from Barry Silbert. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Cameron and Tyler Winklevoss withdrew their customers' money from crypto bank Genesis three months before it froze up to $900 million in customer assets.
(Bloomberg) -- Jurors in the fraud trial of FTX co-founder Sam Bankman-Fried heard his ex-girlfriend Caroline Ellison explain how he allegedly arranged for billions of dollars in customer funds to back risky investments that led to the collapse of the cryptocurrency exchange.Most Read from BloombergIsrael Latest: Biden Pledges US Support and Sends Top EnvoyIsrael Latest: Top US General Warns Iran to Stay Out of ConflictHamas Got Around Israel’s Surveillance Prowess by Going DarkAfghanistan’s Vir
JURORS in the fraud trial of FTX co-founder Sam Bankman-Fried heard his ex-girlfriend Caroline Ellison explain how he allegedly arranged for billions of dollars in customer funds to back risky investments that led to the collapse of the cryptocurrency exchange. Ellison, a math whiz who Bankman-Fried hired and eventually promoted to chief executive officer of
:quality(70)/cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/5SQ3ARETJACUJKZKTOZC7GCSCA.jpg)
Days after the collapse of FTX sent market into a spiral, Genesis froze customer withdrawals
Several months before Genesis Global Holdco LLC halted deposits and eventually declared bankruptcy, cryptocurrency exchange Gemini Trust Co. reportedly withdrew a significant sum from the lender.