Sam Bankman-Fried’s Alameda quietly utilized FTX shopper cash without boosting alarm bells, say sources

Vital Details

Alameda Analysis, a trading organization founded by Sam Bankman-Fried, was investing billions of dollars from FTX accounts and leveraging the exchange’s indigenous token as collateral, in accordance to a resource.
Numerous staff and outdoors auditors were being unaware that FTX did not have plenty of cash to match purchaser withdrawals, the supply states.
3 sources common with the corporation advised CNBC that they were being blindsided by FTX’s missteps and that only a little cohort realized about the likely misuse of consumer deposits.

Supply

Finance

Fed votes to reappoint all of its regional bank presidents

December 11, 2025

Key Points The Federal Reserve on Thursday reappointed 11 of its 12 regional bank presidents, ending a mini-drama at the central bank in a move that came a bit earlier than usual. There had been some speculation about whether President Donald Trump, a fierce Fed critic, would seek to exert more control over the rate-setting […]

Finance

VanEck turns online slang into strategy with ‘Degen Economy’ ETF

December 11, 2025

Key Points VanEck is renaming its gaming ETF (BJK) the “VanEck Degen Economy ETF.” “Degen,” short for “degenerate,” originated in gambling circles and later migrated into crypto and retail-trading communities. The change takes effect after the market close on April 8, resetting a fund launched in 2008 that has just $23 million in assets. Source

Finance

Stocks making the biggest moves midday: Oracle, Vail Resorts, GE Vernova, Brinks, Ciena & more

December 11, 2025

Check out the companies making the biggest moves midday: Oracle — The database management software maker tumbled 14% after reporting fiscal second-quarter revenue that missed analyst expectations. Multiple analysts across Wall Street raced to lower their price targets in reaction. Vail Resorts — The ski resort owner jumped 9%. Fiscal first quarter “mountain” revenue of […]