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The Latest Breaking News on Crypto

Bankman-Fried extradited to US to face fraud charges over FTX collapse

New York (AFP) - FTX co-founder Sam Bankman-Fried arrived in the United States from the Bahamas in FBI custody on Wednesday, US media reported, facing criminal fraud charges after the spectacular collapse of the crypto exchange.

AFP

FTX founder Sam Bankman-Fried touches down in New York to face fraud charges

Two of Sam Bankman-Fried’s top associates have pleaded guilty to criminal charges related to the operation of FTX

Evening Standard

Bankman-Fried in US custody, two associates plead guilty to FTX fraud

Nassau (Bahamas) (AFP) - US law enforcement on Wednesday took custody of Sam Bankman-Fried and were flying him from the Bahamas to New York, where prosecutors said two associates of the FTX founder had now pled guilty to charges related to the company's collapse.

AFP

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FTX founder Bankman-Fried’s colleagues plead guilty to fraud

Gary Wang and Caroline Ellison have agreed to cooperate with the authorities, according to US prosecutors.

Al Jazeera

Sam Bankman-Fried to be released on $250 million bail into parents' custody

The founder of cryptocurrency exchange FTX appeared in court after being extradited from the Bahamas. He's charged with alleged fraud, conspiracy, money laundering and illegal campaign contributions.

WEKU

Crypto firm Binance endures wild weeks in wake of FTX collapse

Paris (AFP) - Even by the extreme standards of cryptocurrency trading, the past few weeks have been a wild ride for Binance, the world's biggest exchange for crypto assets.

AFP

Two major FTX figures plead guilty to federal charges

Two close confidants of Sam Bankman-Fried are cooperating with federal prosecutors.

Axios

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Sam Bankman-Fried arrives at Bahamas airport for extradition to US

Sam Bankman-Fried arrived at a private Bahamas airport on Wednesday evening to be flown to the US to face a litany of criminal charges after a tumultuous day in the island nation.

Tribune News Service

Bahamas orders Bankman-Fried extradited to face US fraud charges

Nassau (Bahamas) (AFP) - The Bahamas ordered Sam Bankman-Fried, the founder of collapsed cryptocurrency business FTX, to be extradited Wednesday to face charges of fraud in New York.

AFP

SEC issues warning for Zipmex deals

The Securities and Exchange Commission (SEC) is warning investors to carefully review individual agreements proposed by crypto exchange Zipmex before deciding to make a deal with the company.

Bangkok Post

Biden hits Russia's Wagner group with tough new export curbs

The Biden administration on Wednesday unveiled new curbs on technology exports to Russia's Wagner military group, in a bid to further choke off supplies to the contractor over its role in the Russian invasion of Ukraine.

Reuters

Sam Bankman-Fried is set to leave Bahamas to face charges in US

Sam Bankman-Fried’s extradition was approved by Bahamas judge on Wednesday, clearing one of the final hurdles for him to be sent to the U.S. to face a litany of criminal charges.

Tribune News Service

Bankman-Fried accepts extradition to US to face fraud charges: media

Nassau (Bahamas) (AFP) - Samuel Bankman-Fried, the onetime head of highflying cryptocurrency business FTX, agreed Wednesday to be extradited from the Bahamas to face charges of fraud in New York, local and US media reported.

AFP

FTX founder Sam Bankman-Fried reportedly agrees in court to be extradited to U.S.

He faces eight counts of fraud, conspiracy, campaign finance law violations and money laundering in the U.S.

Axios

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The Independent UK

Wyoming bullishly courts crypto, even after collapse of FTX

For decades, Wyoming has sought to escape the boom-and-bust cycles of its fossil-fuel-driven economy

The Independent UK

FTX founder could be sent to US after extradition hearing

Sam Bankman-Fried is back in a Bahamian court Wednesday for an extradition hearing that could clear the way for the one-time billionaire to be sent to the U.S. to face criminal charges related to the collapse of cryptocurrency exchange FTX

Fortune

An FBI ace on how to build an airtight case against SBF

Gregory Coleman ran the criminal investigation against Jordan Belfort, and helped seize assets that went back to Bernie Madoff victims.

Evening Standard

What is cryptocurrency?

Cryptocurrencies are a type of digital asset, which rely on cryptography for security.

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Manchester Evening News

Elon Musk will quit as Twitter CEO if he finds someone ‘foolish enough’ to take over

More than 10m Twitter users voted for Musk to step down in a poll he posted on Sunday

Salon

How dark money drove the crypto fraud

Citizens United has fueled any number of sleazy dark-money political bargains. At least Bankman-Fried got caught

The Street

FTX Collapse: Bankman-Fried May Be Extradited on December 21

The co-founder of the bankrupt cryptocurrency exchange has agreed to his extradition.

AFP

Twitter timeline: From Musk's entry to his planned exit

Paris (AFP) - Since buying Twitter, Elon Musk has made radical changes that have sparked fears for the future of the platform, from firing half the staff to restoring ex-president Donald Trump's account and temporarily suspending those of several journalists.

AFP

Crypto could cause next financial crisis: India central bank chief

Mumbai (AFP) - India's central bank governor warned Wednesday that cryptocurrency markets risked causing the next global financial crisis, saying the recent collapse of FTX was proof of the sector's "inherent risks".

The National (Scotland)

Elon Musk to quit as Twitter chief if he finds someone ‘foolish enough’ to take job

Elon Musk has said he will step down as chief executive of Twitter once he finds someone "foolish enough to take the job".

ABC News

Blake banned himself from gaming venues, but he lost another $300,000 through online casinos

Many Australians are accessing virtual casinos via offshore gambling sites. The under-regulated industry is increasingly being fuelled by cryptocurrencies.

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