Fraud
Sam Bankman-Fried Unlikely to Testify Before Congress in December
  • The former CEO of FTX was invited by Congresswoman Maxine Waters to participate in a 13 December Congress hearing regarding the collapse of the exchange.
  • SBF said he was willing to testify before Congress, but only after he has “finished learning and reviewing what happened”, which will likely be next year.
December 5, 2022, 11:36 AM
Sam Bankman-Fried, co-founder and CEO of FTX

Sam Bankman-Fried, former CEO of FTX, speaking at the Binance Blockchain Week, Singapore, 19 January, 2019. Binance

Ankr’s Exploit Enabled an Attack on Stablecoin Issuer Helio
  • A hacker targeted a vulnerability in DeFi protocol Ankr to mint trillions of aBNBc tokens, which he eventually swapped for 5 million USDC.
  • The event caused the price of aBNBc to plummet by 99%, which allowed another individual to steal $15.5 million from stablecoin issuer Helio as it did not have up-to-date pricing on aBNBc.
December 2, 2022, 1:35 PM
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Former FTX CEO SBF Claims He Unknowingly Commingled Funds
  • Sam Bankman-Fried held an interview with the New York Times, during which he pushed the narrative that FTX’s collapse was caused by bad risk management and the crypto market crash.
  • SBF also claimed the he had “unknowingly commingled funds” between Alameda and customer funds at FTX, which was the result of his poor oversight of the company.
December 1, 2022, 12:54 PM
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Hodlnaut Under Fraud Investigation in Singapore
  • The police’s commercial affairs department is investigating Hodlnaut and its directors for possible cheating and fraud.
  • Singapore police received numerous reports between August and November this year about false representations relating to the company’s exposure to a “certain digital token”.
November 24, 2022, 2:04 PM
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Nov 18, 2022
Bahamas Regulator Ordered FTX to Transfer Assets on 12 November
  • The SCB announced that it had ordered FTX Digital Markets to transfer its assets to a wallet owned by the commission on 12 November, which could shed some light on recent suspicious transactions.
  • A bankruptcy filing from Thursday revealed that Alameda Research had give out $4.1 billion in loans to related parties, with Sam Bankman-Fried personally receiving $1 billion.

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Nov 15, 2022
Nov 14, 2022
FTX Hacked, Exchange Under Investigation in the Bahamas
  • Shortly after filing for bankruptcy on Friday, FTX experienced a hack that saw close to $500 million in tokens leaving the exchange.
  • The Bahamas Securities Commission and the Financial Crimes Investigation Branch of the police have launched an investigation into the exchange to check if any criminal misconduct took place in FTX.
Nov 4, 2022
Santander UK to Limit Transactions to Crypto Exchanges
  • Starting 15 November, customers of Santander UK will be unable to send more than £1,000 to crypto exchanges in a single transaction, and more than £3,000 in a 30-day period.
  • There will be no limits on how much customers can receive from exchanges, but the bank warned it will be implementing further crypto restrictions in the future.
Oct 24, 2022
FTX to Compensate Victims of Phishing Attack This One Time
  • Sam Bankman-Fried noted that FTX does not provide compensation to users “phished by fake versions of other companies”, but would make an exception this one time.
  • The FTX CEO also proposed the use of the “5-5 standard”, and implored the attacker to send back 95% of the stolen funds, around $5.7 million, saying “we’ll absolve them”.
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