Does Bankman-fried have a connection to Celsius?

Now, it has emerged that Bankman-Fried has an unexpectedly deep connection to the troubled crypto savings platform Celsius, which filed for bankruptcy on Wednesday. That connection comes in the form of Alameda Research, Bankman-Fried’s trading firm, which is owed $12.7 million as Celsius’s 13th largest creditor.

Who is Sam Bankman-fried?

Crypto wunderkind Sam Bankman-Fried has had an outsize role as a lender and creditor during the recent crypto crackup. Now, it has emerged that Bankman-Fried has an unexpectedly deep connection to the troubled crypto savings platform Celsius, which filed for bankruptcy on Wednesday.

What is US v Bankman-fried?

The case is US v. Bankman-Fried, 22-cr-673, US District Court, Southern District of New York (Manhattan). As jury selection starts in Bankman-Fried’s trial on charges that he swindled billions of dollars from his crypto platform FTX, the 31-year-old will have one last chance to tell his side of the story.

Did Bankman-fried steal money from Alameda research?

Federal prosecutors will argue that Bankman-Fried used FTX as a vehicle to steal billions in customer funds and spend lavishly on speculative trading at Alameda Research, real estate in The Bahamas and gave money away in line with the effective altruism movement that supposedly underpinned the business.