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The Latest Breaking News from Alameda

Bankman-Fried released on $250 million bond in FTX fraud case

NEW YORK — Sam Bankman-Fried was released on a $250 million bail package after making his first U.S. court appearance to face fraud charges over the collapse of FTX, the cryptocurrency exchange he co-founded.

Tribune News Service

FTX founder Sam Bankman-Fried is about to make his first US court appearance as he faces decades in prison

Bankman-Fried's closest business associates had also been charged and had secretly pleaded guilty.

Fortune

FTX founder Bankman-Fried to make 1st US court appearance

The cryptocurrency entrepreneur Sam Bankman-Fried is expected to make his initial U.S. court appearance Thursday on charges that he swindled investors and looted customer deposits on his FTX trading platform

The Independent UK

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FTX founder Bankman-Fried to appear in court after extradition to US

FTX founder Sam Bankman-Fried is expected to appear before a U.S. court on Thursday after being extradited from The Bahamas, where he had remained since the collapse of his now-bankrupt cryptocurrency exchange.

France 24

Former FTX CEO Sam Bankman-Fried to reverse decision on contesting extradition

Sam Bankman-Fried is expected to appear in court in the Bahamas on Monday to reverse his decision to contest extradition to the United States, where he faces fraud charges, a person familiar with the matter said.

ABC News

"Dirty money": Unpacking the campaign finance charges against Sam Bankman-Fried

It's a significant footnote in what prosecutors are calling "one of the biggest financial frauds in American history."

Axios

Sam Bankman-Fried promised his FTX crypto empire would save the world. US authorities say he was lying from the start

Sam Bankman-Fried insists the collapse of $32 billion crypto empire is the result of bad accounting, human error and rotten luck. US authorities say it was a "massive, years-long fraud".

ABC News

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SEC says Bankman-Fried defrauded investors of $1.8 billion

FTX co-founder Sam Bankman-Fried was accused by U.S. regulators of carrying out a multi-year scheme to defraud investors.

Tribune News Service

US files charges against FTX's Bankman-Fried, who is arrested in Bahamas - Roll Call

Bahamas authorities arrested Sam Bankman-Fried on Monday at the request of the U.S., which has filed charges against the former FTX CEO.

Roll Call

The SBF media blitz's key messages

The FTX collapse is the irresistible trainwreck story in business right now, but all the coverage of its instigator might be serving his purposes, as much as the public interest.

Axios

Crypto's path to deep crisis is well-worn

Swiftly rising interest rates have punctured the cryptocurrency bubble, exposing fragility, bad governance and even fraud in many corners, most notably at the crypto exchange FTX. And FTX's spectacular collapse comes on the heels of other recent failures in the cryptosphere, such as Terra-Luna, Three Arrows Capital or Voyager Digital.…

Bangkok Post

Why did FTX buy into a U.S. bank owned by a co-creator of 'Inspector Gadget'?

A closer look at why Sam Bankman-Fried's crypto empire took a stake in a tiny bank in Washington State.

Fortune

Meet the VC who was a ‘horror story’ for Sam Bankman-Fried and why he passed on investing in Alameda Research

Alexander Pack of Hack.VC told Fortune about the warning signs he saw in SBF and his quant firm Alameda Research years ago.

Fortune

How Solana, ‘Sam coins,’ Bitcoin, and Ethereum have fared after the FTX collapse

The failure of FTX had investors "stampeding like a herd of wildebeest to off-load as much risk as they could,” Ryan Shea, crypto economist at Trakx, tells Fortune.

Fortune

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Fortune

Billionaire Bill Ackman and Kevin O'Leary think FTX's Sam Bankman-Fried is telling 'the truth' about being unaware of major problems at his failed crypto exchange

FTX founder Sam Bankman-Fried defended himself Wednesday against fraud accusations in an interview at the New York Times Dealbook Summit.

Tribune News Service

FTX missing billions remain mystery after Bankman-Fried grilling

Mystery continues to shroud the missing billions at bankrupt crypto exchange FTX after its disgraced founder Sam Bankman-Fried denied trying to perpetrate a fraud while admitting to grievous managerial errors.

Chicago Sun-Times

Ex-FTX CEO Bankman-Fried says he didn’t ‘knowingly’ misuse clients’ funds

“I didn’t ever want to commit fraud on anyone. I was shocked at what happened this month,” Sam Bankman-Fried says.

The Independent UK

Ex-FTX CEO says he didn't 'knowingly' misuse clients' funds

The former CEO of the failed cryptocurrency exchange FTX says that he did not "knowingly” misuse customers' funds

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Fortune

SBF defends his actions and distances himself from Alameda in first live interview since FTX's collapse

Sam Bankman-Fried said he was "excited" about the prospects of his crypto exchange FTX just a month before its collapse, but admitted he made mistakes in a new interview.

Bangkok Post

Bankman-Fried apologises, says didn't 'try to commit fraud'

NEW YORK: Former FTX Chief Executive Sam Bankman-Fried apologised Wednesday for a "lot of mistakes" in the abrupt collapse of the cryptocurrency firm and said he did not knowingly behave fraudulently.

Fortune

In 2020 Sam Bankman-Fried tweeted about a VC ‘horror story.’ Now that investor reveals what he saw at Alameda Research—and why he walked

Alexander Pack said he and his Dragonfly team met with Alameda executives, including Bankman-Fried, more than a dozen times over a five-to-six-month period from 2018 to 2019.

Fortune

How FTX's own token was the final nail in its coffin

“In the current crypto atmosphere, investors are right to ask questions of exchanges that have tokens, because they don't know what the exchange is doing behind the scenes,” Bitwise CIO Matt Hougan told Fortune.

The Guardian - UK

What do we know so far about collapse of crypto exchange FTX?

How did Sam Bankman-Fried’s FTX fail and what does the firm’s fate tell us about cryptocurrencies?

Fortune

Leaked FTX documents offer clues as to why VCs may have ignored due diligence

Staggering growth and FOMO whetted the appetite of venture capitalists, as evidenced by early SBF pitch files.

Salon

FTX collapse a warning to crypto bros

Crypto exchange FTX was valued at more than $30 billion just weeks ago. Now it's in bankruptcy proceedings

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