New York Bahamas Crypto cryptocurrency FTX Sam Bankman-Fried New York Bahamas

FTX founder Bankman-Fried says he didn’t ‘try to commit fraud,’ knowingly misuse funds

Reading now: 733
globalnews.ca

Sam Bankman-Fried, the founder and former CEO of now-bankrupt crypto exchange FTX, attempted to distance himself from suggestions of fraud in his first public appearance since his company’s collapse stunned investors and left creditors facing losses totaling billions of dollars.

Speaking via video link at the New York Times’ Dealbook Summit with Andrew Ross Sorkin on Wednesday, Bankman-Fried said he did not knowingly commingle customer funds on FTX with funds at his proprietary trading firm, Alameda Research. “I didn’t ever try to commit fraud,” Bankman-Fried said in the hour-long interview, adding that he doesn’t personally think he has any criminal liability.

He also denied knowing the full scale of Alameda’s position on FTX, claiming that it caught him by surprise. Read more: New FTX CEO blasts ‘complete absence’ of trustworthy financial data Read next: Part of the Sun breaks free and forms a strange vortex, baffling scientists The liquidity crunch at FTX came after Bankman-Fried secretly moved $10 billion of FTX customer funds to Alameda Research, Reuters reported, citing two people familiar with the matter.

At least $1 billion in customer funds had vanished, the people said. Bankman-Fried told Reuters in November the company did not “secretly transfer” but rather misread its “confusing internal labeling.” FTX filed for bankruptcy and Bankman-Fried stepped down as chief executive on Nov.

Read more on globalnews.ca
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

Larry Krasner - 'We need more help': Philadelphia groups given nearly $1 million in grants in fight against gun violence - fox29.com - city Philadelphia
fox29.com
55%
871
'We need more help': Philadelphia groups given nearly $1 million in grants in fight against gun violence
PHILADELPHIA - Gun violence continues to plague the streets of Philadelphia, becoming more frequent and senseless over time. However, the District Attorney's Office is making a shift, trying to bring the focus back to community solutions."I should say, be available to answer some questions about the homicide death of the 14-year-old, which occurred over the weekend," DA Larry Krasner said during a recent weekly gun violence press conference.Instead, the Philadelphia official took the opportunity to address the most common complaint from community groups out on the street doing the work to combat violence."There will be more forfeiture money distributed within a few weeks, and we want to make sure that every nonprofit organization in Philadelphia is aware of this and understands the details of how they can apply," Krasner said.These groups say they need help, but they are too busy trying to save lives to apply for grants or raise money.The DA’s office says they can provide directly to the neighborhoods that need it the most using seized drug forfeiture funds."We try to take the money that came from a particular zip code and put that money back into the zip code because we do not think that drug dealers and other people who engage in criminal activity should be tearing apart that neighborhood," Krasner says.
Xi Jinping - Kim Jong Un - Iran, Saudi Arabia to resume diplomatic relations with China's help - fox29.com - China - Iran - city Beijing - Usa - Saudi Arabia - North Korea - Yemen - county Gulf
fox29.com
69%
578
Iran, Saudi Arabia to resume diplomatic relations with China's help
China lowers the chance of armed conflict between the Mideast rivals — both directly and in proxy conflicts around the region.The deal, struck in Beijing this week amid its ceremonial National People’s Congress, represents a major diplomatic victory for the Chinese as Gulf Arab states perceive the United States slowly withdrawing from the wider Middle East. It also comes as diplomats have been trying to end a long war in Yemen, a conflict in which both Iran and Saudi Arabia are deeply entrenched.The two countries released a joint communique on the deal with China, which brokered the agreement as President Xi Jinping was awarded a third five-year term as leader earlier Friday.Xi, whose administration in recent days has relaunched a campaign to challenge the U.S.-led Western liberal order with warnings of "conflict and confrontation," was credited in a trilateral statement with facilitating the talks through a "noble initiative" and having personally agreed to sponsor the negotiations that lasted from Monday through Friday.READ MORE: Sister of Kim Jong Un warns North Korea ready to act against US, SouthVideos showed Ali Shamkhani, the secretary of Iran’s Supreme National Security Council, meeting with Saudi national security adviser Musaad bin Mohammed al-Aiban and Wang Yi, China's most senior diplomat.The statement calls for reestablishing ties and reopening embassies to happen "within a maximum period of two months." A meeting by their foreign ministers is also planned.In the video, Wang could be heard offering "wholehearted congratulations" on the two countries' "wisdom.""Both sides have displayed sincerity," he said.
Alberta Health - Alberta Health Services - Jason Copping - Jean-Yves Duclos - Alberta will have $13.8M deducted from health transfers because patients paid for services: feds - globalnews.ca - Canada - city Ottawa
globalnews.ca
51%
435
Alberta will have $13.8M deducted from health transfers because patients paid for services: feds
Canada Health Transfers from provinces, including Alberta, over “patient charges levied during 2020-2021, for medically necessary services that should be accessible to patients at no cost.”A summary posted online by the government of Canada shows Alberta’s deductions will be $13.8 million.Federal health minister Jean-Yves Duclos sent letters to all provinces and territories, expressing concerns about a recent increase in reports of patient charges for medically necessary services, including telemedicine and some private services.“There has been evidence of residents paying out of pocket to access diagnostic services such as ultrasounds, MRI and CT scans — services that should be accessible at no cost,” Duclos said in a statement.“This is not acceptable and will not be tolerated.”“It is critical that access to medically necessary services, whether provided in-person or virtually, remains based on medical need and free of charge.” Read more: Ottawa warns provinces not to charge fees for medically necessary services When asked about this Friday, Alberta Health Minister Jason Copping said he hadn’t seen the letter, hasn’t been fully briefed and didn’t know the amount Alberta would lose.However, he said there has been an “ongoing dispute” about how the transfer system works — what’s allowed and not allowed.“I understand there’s been ongoing conversations about the interpretation of ‘medically necessary’ and payment for medically necessary and how that works in the regulations,” Copping said Friday.He said other provinces are having the same types of discussions with the federal government.“I’m looking forward to actually reviewing the letter … and then discussing it directly with Minister Duclos.”Copping acknowledged there
DMCA