Top managers of the FTX crypto exchange, led by the founder, withdrew $1 billion, the crypto magnate wanted to buy an atoll in Nauru and arrange there is a bunker
© IA “RBC”, 07/27/2023, WP learned about the plan of a crypto billionaire to escape in a bunker on Nauru, Photo: TASS
Ilya Plamenev
Sam Bankman-Fried, founder of bankrupt cryptocurrency exchange FTX, planned to buy an atoll in the island nation of Nauru to build bunker and wait out the possible end of the world. This is with reference to a lawsuit filed by FTX against Bankman-Fried and other former executives of the exchange, reports The Washington Post.
According to the newspaper, the $1 billion lawsuit says that Bankman-Freed planned to withdraw money from the crypto exchange to build a bunker on Nauru, which will be used for “some event where 50-99.99% of the people die.”
WP writes that the island, which the crypto billionaire planned to acquire, with an area of 8.1 sq. miles (20 sq km) has limited fresh water, little arable land, and imports at least 90% of its food. Because most of its infrastructure is on the coast, it is particularly vulnerable to extreme weather conditions.
“This really shows how much the preparation of billionaires for doomsday is actually about fantasy,” University of Pittsburgh professor Calum Matheson told WP.
FTX Trading sued the founder of the crypto exchange and other former leaders of the exchange on July 20 to recover more than $1 billion that they allegedly misappropriated before the exchange entered the bankruptcy process. […]
The alleged fraudulent transactions took place from February 2020 to November 2022 when FTX filed for protection under Sec. 11 of the US Bankruptcy Code. The application of this chapter involves the reorganization of the company in order to maintain business.
FTX has entered voluntary bankruptcy proceedings under Sec. 11 US Bankruptcy Code November 11 last year. On the same day, Sam Bankman-Fried resigned as head of the stock exchange and was replaced by bankruptcy specialist John Ray III. In December 2022, Bankman-Fried was arrested in the Bahamas at the request of the US. The Securities and Exchange Commission charged the businessman with “organizing a scheme to deceive investors”, he faces up to 115 years in prison.
***
FTX executives were chic with clients’ money
Sawed even for charity
© IA “RBC”, 07/27/2023, The Bank of Russia entered the MTS subsidiary in the register of CFA operators
Anna Bezrukova
The Bank of Russia has entered the MTS subsidiary Blockchain Hub into the register of operators of digital financial assets (DFA), according to the website of the regulator.
“On July 27, 2023, the Bank of Russia decided to agree on the Rules for the information system of Blockchain Hub LLC and to include information about Blockchain Hub LLC in the register of information system operators in which digital financial assets are issued,” the Central Bank said in a statement.
Companies and individual entrepreneurs can become issuers and investors of the new platform, and the role of a nominal holder is also provided for organizations that have a license for depository activities. The connection of individuals as investors is planned until the end of 2023, specified on the MTS website.
The first financial products on the Blockchain Hub platform were digital bonds and various instruments for the tokenization of financial obligations.
In July, the State Duma adopted a law ordering CFA operators (along with other financial services) to block funds from companies controlled by foreign organizations and citizens against whom Russia applies restrictive measures.
