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The Latest Breaking News from BankmanFried

Anthony Scaramucci’s worst day of his career wasn’t being fired from the White House—it was finding out Sam Bankman-Fried was a “fraud”

Scaramucci was fired from his first job at Goldman Sachs, then again by Donald Trump after just 11 days—and he also unwittingly lost millions of dollars to Sam Bankman-Fried’s fraud. “Could I play the victim? No, I had to keep going,” he tells Fortune.

Fortune

Judge Finds Losses Exceeding 0 Million In Bankman-Fried Case

Judge Kaplan determines 0 million loss in Bankman-Fried's crimes, with skepticism on full FTX customer reimbursement.

Top News

US Charges 3 In $400 Million Sim-Swapping Hack Linked To FTX

A U.S. court has charged three individuals for staging a SIM-swapping hack that reportedly victimized FTX, Sam Bankman-Fried's fallen crypto exchange.

International Business Times

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OpenAI's crackup is another black eye for effective altruism

Effective altruism—made famous by Sam Bankman-Fried—is back in the news for all the wrong reasons.

Fortune

Nishad Singh says working with Sam Bankman-Fried left him in ‘severe’ distress

NEW YORK: Nishad Singh, the third member of Sam Bankman-Fried’s inner circle to testify against him, detailed a rocky relationship with his former boss that at times left him “humiliated” and, as the company collapsed, suicidal.

The Times of India

Inside the FTX straw donor machine, where customer funds were funneled into campaign contributions

"It was for advantageous optics," former FTX engineering chief Nishad Singh testified on Monday.

Fortune

Bankman-Fried’s trial enters week 2: What’s happened so far, and what to expect when his ex takes the stand

Ellison is the former CEO of Alameda Research, Bankman-Fried’s ex-girlfriend, and the prosecution’s star witness.

Fortune

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Sam Bankman-Fried was not surprised by $8bn FTX shortfall, key witness says

Gary Wang says Bankman-Fried had ‘neutral demeanor’ when told crypto exchange had lost billions days before collapse

The Guardian - US

How Binance's CEO outwitted Bankman-Fried, and helped topple FTX

"CZ" appears to have laid a trap for Bankman-Fried in a transaction between the men that preceded FTX's collapse.

Fortune

Did Sam Bankman-Fried's mother enable the FTX straw donor scheme?

A new lawsuit alleged that Sam Bankman-Fried's mother was instrumental to campaign finance violations.

Fortune

Prosecutors say Sam Bankman-Fried's arguments to dismiss cryptocurrency charges are meritless

New York prosecutors say Sam Bankman-Fried's lawyers made meritless arguments in a bid to convince a judge to toss out criminal charges alleging that the FTX founder stole from investors in his multibillion dollar cryptocurrency fund

The Independent UK

FTX failure rooted in ‘hubris,’ ‘greed’: Report

Failed crypto exchange FTX Trading Ltd lacked fundamental financial and accounting controls, stifled dissent within the company and joked internally about their tendency to lose track of millions of dollars in assets, according to a report by the company’s debtors.

The Times of India

Silvergate bet everything on crypto, then watched it evaporate

NEW YORK: Silvergate Capital Corp spent its final days under siege.

The Times of India

Why must big City firms always fall for scams like FTX?

THERE must be some very awkward meetings taking place across the City and Wall Street right now. The sort of encounters where people bang tables and demand explanations, where they look at PowerPoints and Excels, and gasp.

Evening Standard

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Tribune News Service

Former FTX head of engineering Nishad Singh pleads guilty in billion-dollar fraud case

NEW YORK — The former head of engineering at Sam Bankman-Fried’s bankrupt cryptocurrency trading firm FTX owned up to fraud charges on Tuesday, federal prosecutors said.

Tribune News Service

FTX founder Sam Bankman-Fried’s secret bail co-signers are Stanford dean and a researcher

NEW YORK — The names of two secret signers of Sam Bankman-Fried’s staggering $250 million bond package were revealed Wednesday.

The Independent UK

Judge kept FTX execs' plea deals secret to get founder to US

A judge agreed to keep secret that two of Sam Bankman-Fried's executive associates were cooperating with investigators so that the cryptocurrency entrepreneur would not change his mind and fight extradition from the Bahamas to the United States

The Guardian - US

Sam Bankman-Fried charged with fraud as first congressional hearing closes – as it happened

US Congress commences hearing on the collapse of the cryptocurrency exchange, less than 24 hours after its former chief executive was arrested

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Fortune

The Bahamas' endangered status as a crypto hub

The Caribbean nation is setting up a battle with the U.S. to protect its reputation.

Fortune

The latest on Solana, Serum, other ‘Sam coins’ amid FTX fallout

Solana, Serum, and other “Sam coins” are struggling in the wake of FTX’s implosion.

Tribune News Service

FTX debacle shows need for crypto regulation, Yellen says

U.S. Treasury Secretary Janet Yellen said the implosion of Sam Bankman-Fried’s FTX crypto empire reinforced her view that the market for digital assets required “very careful regulation.”

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