It’s not called the Marriage Capital of The World for nothing!
13.12.2022 - 04:23 / deadline.com
Disgraced crypto king Sam Bankman-Fried was arrested today in the Bahamas, the Justice Department said. The Attorney General’s office of the Caribbean nation said the bust was made after U.S. prosecutors formally charged the founder and former CEO of bankrupt cryptocurrency exchange FTX, whose wild story is a hot commodity in Hollywood.
Neither country’s officials offered details on the charges, but Bankman-Fried is expected to be extradited to the United States.
“As a result of the notification received and the material provided therewith, it was deemed appropriate for the Attorney General to seek SBF’s arrest and hold him in custody pursuant to our nation’s Extradition Act,” the office of The Bahamas Attorney General Ryan Pinder said in a statement.
Valued at $32 billion by private investors earlier this year, FTX has been on the verge of collapse since last month, when rival Binance balked at a proposed merger of the crypto giants. That news sent cryptocurrency markets into freefall, and Bankman-Fried said at the time that his company was facing an $8 billion shortfall in funds due to the sudden “run” on the exchange. In three days, traders pulled some $6 billion from the platform.
FTX filed for bankruptcy protection on November 11.
A number of companies and celebrities are reported to have hefty investments in the company, while FTX also has big-ticket sponsorship deals with the likes of the Miami Heat basketball team and the Formula One squad Mercedes-AMG Petronas F1. The crypto crash led to a class-action lawsuit filed in mid-November whose defendants include Larry David and sports superstars Tom Brady and Steph Curry, among others.
Bankman-Fried story is the subject of a movie and TV series in the works at
It’s not called the Marriage Capital of The World for nothing!
The King has used his first Christmas broadcast to sympathise with families struggling with the cost-of-living crisis and praise individuals, charities and faith groups supporting those in need.
It's Christmas Day, which means that King Charles III will be making his first ever Christmas Speech later this afternoon.
Plenty of history. King Charles III is set to give his first Christmas speech as England’s monarch on Sunday, December 25, at the same site of his mother Queen Elizabeth II’s memorial service earlier this year.
An early birthday celebration! King Charles III announced that his first Trooping the Colour will be held five months before his 75th birthday in November 2023.
This is sponsored content. Us Weekly is not endorsing the websites or products set forth below. The use of THC or CBD in any capacity may lead to health concerns and users should consult medical personnel before consumption. Local and state laws for use and possession of THC vary by jurisdiction and should be reviewed before purchase.
Royal tradition! King Charles III, Queen Consort Camilla and more royal family members will begin their holiday celebrations at Sandringham Church this year.
Philip Yung delivers an ambitious decade-spanning true crime thriller with Where The Wind Blows, Hong Kong’s entry for the International Feature Oscar. Previously known as Theory of Ambitions, it’s a technically impressive feat with an equally impressive cast lead by Aaron Kwok and Tony Leung Chiu-wai. Fast-paced and dense with detail, it challenges the audience to keep up with its complex story of two cops rising up the ranks in Hong Kong in the 1960s and beyond.
Nick Cannon went through some very difficult decisions while dealing with his late son Zen Scott Cannon‘s brain cancer.
EXCLUSIVE: Disgraced crypto entrepreneur Sam Bankman-Fried is to be profiled in a documentary feature for web3 streaming platform Myco.
EXCLUSIVE: Released in August, Louis Koo’s sci-fi action thriller Warriors Of Future has become not just the highest-grossing local film in Hong Kong ever, but the highest-grossing Asian film ever released in the territory, with a gross of HK$81.7M (US$10.5M). The film also raked in $100m in China over the summer and is currently number four in Netflix’s global ranking of non-English language films after launching worldwide on December 2.
An unexpected new romance! 90 Day Fiancé personality Veronica Rodriguez is dating her franchise costar Kim Menzies’ son, Jamal Menzies.
Tina Turner’s son Ronnie Turner has tragically passed away at just 62 years old.
Tina Turner 's son Ronnie has died, it has been reported