Tuesday, 21 March 2023


SBF shilled FTX risk model to FDIC chairman Gruenberg prior to collapse By Cointelegraph

Novatar NFT; Minting Begins, Plans for Virtual Growth

Before crypto exchange FTX and its founder Sam Bankman-Fried (SBF) got tied down with allegations of misappropriation of users’ funds, SBF was among the most influential crypto entrepreneurs. Before FTX collapsed, a leaked email exchange with a top regulator allegedly showed SBF’s intent to get the exchange federally regulated.

On May 28, 2022, nearly six months before FTX filed for bankruptcy and SBF resigned as the CEO, Federal Deposit Insurance Corporation (FDIC) chairman Martin Gruenberg received an invitation to meet SBF on June 13, 2022, the Washington Examiner reported. The email was mediated by former CFTC commissioner Mark Wetjen, who joined FTX US as the head of policy and regulatory strategy in November 2021.

Sam Bankman-Fried’s meeting invitation to FDIC Chairman Martin Gruenberg. Source: The Washington Examiner
FDIC chairman Martin Gruenberg accepts Sam Bankman-Fried’s meeting invitation. Source: The Washington Examiner