Day: November 24, 2022

Written by FinCrime

FTX’s Bahamas crypto empire: Stimulants, subterfuge and a spectacular collapse

Reported by: Tim Craig, Drew Harwell and Nitasha Tiku Before Sam Bankman-Fried’s $16 billion empire imploded, Margaux Avedisian remembers thinking there was something unsettling about the cryptocurrency wunderkind. Bankman-Fried had become a legend by pushing an image of monkish aloofness, vowing to forsake the allures of his extraordinary wealth — sleeping on beanbag chairs, driving […]

Written by FinCrime

Applying AI to the war on financial crime

Reported by: Laura Noonan Clouds are gathering over swaths of fintech companies, as falling economic growth, rising interest rates and a cost of living crisis put their business models under strain, forcing job cuts and valuation-crushing funding rounds. ComplyAdvantage founder Charlie Delingpole knows his company is not immune to those forces, as fintechs are among […]