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Disgraced crypto-king Sam Bankman Fried arrested and charged

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The disgraced crypto-king faces life in prison if convicted on all counts

FTX co-founder Sam Bankman Fried has been arrested in the Bahamas less than 24-hours before he said he was going to testify before lawmakers on Capitol Hill remotely.

The disgraced crypto-king faces eight-counts including fraud and money laundering.

Bankman Fried, 30, is accused of diverting money from customers of the cryptocurrency trading platform to Alameda Research, his crypto hedge fund and then used that money for his own personal use.

Federal authorities in New York unsealed the indictment on Tuesday.

Gurbir Grewal from the Securities and Exchange Commission said Bankman Fried was, “Improperly diverting FTX customer funds to his crypto hedge fund Alameda research and his alleged in our complaint he then misused those funds to make undisclosed venture investments, lavish real estate purchases, and large political donations.”

Bankman Fried’s claims about FTX’s sophisticated risk controls and other customer protections were simply bogus. Similarly his representations to FTX investors and trading customers concerning Alameda were also part of that carefully crafted veneer and were similarly false and misleading.”

Meanwhile in Washington D.C. the current FTX CEO John Ray testified on the collapse of the cryptocurrency company before the House Financial Services Committee.

Bankman Fried was supposed to answer lawmakers’ questions about how FTX lost billions of dollars of customers’ money.

Ray became CEO after the company filed for bankruptcy last month.

“The FTX group’s collapse appears to have stemmed from absolute control in the hands of a small group of grossly inexperienced and unsophisticated individuals who failed to implement virtually any of the systems or controls that are necessary for a company entrusted with other people’s money or assets,” Ray said.

Federal officials say Bankman Fried was a flight-risk, so they needed to move quickly. If convicted on all 8-counts— Bankman Fried could spend up to life in prison.

Veronica Dudo is the U.S. Correspondent for Ticker News covering America’s biggest headlines. As an Emmy® Award nominated global journalist, Veronica has traveled across the country and around the world reporting on historical events that connect all citizens. Lauded as an award-winning international journalist, Veronica has executed stellar news coverage for NBC News, CBS News, The Hill, ME-TV Network and AOL. Her stories have highlighted a plethora of topics ranging from breaking news and politics to economic affairs across the USA, European Union, and Asia; cultural affairs; globalization; governance; education; and sustainability.

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CoreWeave’s $9B AI power grab

CoreWeave acquires Core Scientific for $9B, Capgemini buys WNS for $3.3B, shaping AI infrastructure and strategy.

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CoreWeave acquires Core Scientific for $9B, Capgemini buys WNS for $3.3B, shaping AI infrastructure and strategy.


CoreWeave just dropped a staggering $9 billion to acquire Core Scientific, locking down crucial power, GPU access and data centre space in a bold push to dominate AI infrastructure.

At the same time, Capgemini is shelling out $3.3 billion for outsourcing giant WNS, aiming to control every layer of AI—from strategy to execution.

Analysts say it’s no longer just about size. It’s about owning the entire stack—from chips to cloud to consulting—as companies scramble to future-proof their AI dominance.

#AI #CoreWeave #Capgemini #MergersAndAcquisitions #TickerNews

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Qantas cyberattack hits six million flyers

Qantas cyberattack exposes details of six million frequent flyers; urgent investigation underway amid rising support calls.

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Qantas cyberattack exposes details of six million frequent flyers; urgent investigation underway amid rising support calls.


A massive cyberattack has struck Qantas, compromising the personal details of up to six million frequent flyers.

A group claiming responsibility has now reached out to the airline, triggering an urgent investigation led by the AFP and top cybersecurity teams.

While no passport or financial data was accessed, names, emails, frequent flyer numbers and birth dates were exposed—sparking over 5,000 calls to support lines.

#Qantas #Cyberattack #DataBreach #FrequentFlyers #TickerNews

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Trump changes tune on Putin and Ukraine

Trump criticizes Putin’s sincerity on Ukraine war, backs defensive weapons for Ukraine, and hints at new sanctions.

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Trump criticizes Putin’s sincerity on Ukraine war, backs defensive weapons for Ukraine, and hints at new sanctions.


President Donald Trump is now calling out Vladimir Putin, accusing the Russian leader of being insincere about ending the war in Ukraine.

In a sharp reversal of past praise, Trump confirmed he authorised defensive weapons for Ukraine and hinted at new sanctions against countries backing Russia.

#Trump #Putin #UkraineWar #Sanctions #TickerNews

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