Stricken crypto exchange FTX spent £250m on property in Bahamas

Nov 28 (Reuters) – Cryptocurrency lender BlockFi Inc has sued a holding company for FTX founder Sam Bankman-Fried, seeking to recover shares in Robinhood Markets Inc pledged as collateral three weeks ago, before BlockFi and FTX filed for bankruptcy protection.

Boutique bistro Cocoplum, just yards from FTX’s headquarters, told that Bankman-Fried spent $2,500 a day there on takeout deliveries, adding that he would spend an additional $7,500 a day elsewhere at other restaurants.

To do this, just go to [website redacted],’ the video adds, directing victims to a scam website that has since been taken down. ‘As compensation for the loss, we have prepared a giveaway for you, in which you can double your cryptocurrency.

Nov 29 (Reuters) – Brazil’s lower house of Congress late Tuesday approved a bill that aims to boost oversight of the country’s cryptocurrency sector, after one of the world’s largest crypto exchanges collapsed earlier this month.

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The fake website used clumsy grammar but sophisticated graphics to lure potential victims, and featured a phony scrolling visual showing purported transactions being sent out from the scammer’s wallet. Tom Brady, Gisele Bundchen and Larry David are among the…

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FTX operated as Sam Bankman-Fried’s ‘personal fiefdom’…

Pictured: Sorkin at last year’s summit” class=”blkBorder img-share” />

The annual event gathers ‘newsmakers’ across all field of interest, with Sorkin set to tackle the crypto crash with Bankman Fried.

Pictured: Sorkin at last year’s summit 

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Bankman-Fried is not named as a defendant.

He did not immediately respond to a request for comment. (Reporting by Jonathan Stempel in New York; Editing by Mark Porter and Sam Holmes)

US restructuring lawyer James Bromley accused FTX founder Sam Bankman-Fried, pictured, digital currencies of running the company like a ‘personal fiefdom’.