Court filings reveal the lack of internal controls at FTX

An alarming report produced as part of FTX’s ongoing bankruptcy describes failures in cybersecurity, internal controls, and asset management.

SBF set to deny alleged Chinese bribe to unlock $1B Alameda funds

A person familiar with the matter told Reuters that curly-haired former billionaire SBF will plead not guilty to bribe allegations.

Sam Bankman-Fried, formerly of FTX and Alameda Research, has been indicted for directing at least $40 million in bribes to Chinese officials.

FTX court filings reveal exec payouts weren’t too generous for Alameda Research co-CEO Ellison, and far less than co-CEO Sam Trabucco.

Sam Bankman-Fried relied on a number of trading desks beside Alameda Research to keep his empire functioning.