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The Latest Breaking News from Binance

How To Lose $16 Billion In 3 Days: How Sam Bankman-Fried’s Wealth Disappeared

Several days ago, FTX co-founder Sam Bankman Fried saw his wealth plummet by over 90% to a value of $1 billion. Here's how!

Zenger

Billionaire Mark Cuban Assigns Blame Over Crypto Crisis

The cryptocurrency exchange FTX imploded this week, a debacle that is likely to sweep other crypto firms away.

The Street

Binance's CEO Warns Crypto Crisis Is Not Over

The demise and bankruptcy of crypto brokerage FTX will not be the last downfall in the industry, Binance's CEO predicts.

The Street

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EXCLUSIVE: Marathon Digital CEO Fred Thiel Says FTX Bankruptcy 'Has Increased The Fear Factor'

The CEO of Bitcoin (CRYPTO: BTC) mining company Marathon Digital Holdings Inc (NASDAQ: MARA), the world's second-largest holder of Bitcoin among publicly-listed companies, is speaking out about

Benzinga

‘I f****d up’: the rise and fall of US crypto king Sam Bankman-Fried

The 30-year-old wunderkind last week saw his giant FTX digital currency exchange collapse and his $17bn fortune disappear

The Guardian - UK

The Weekly Wrap for Saturday, 12 November 2022

Sam Bankman-Fried's cryptocurrency empire collapsed this week. His $16bn personal fortune was incinerated in a matter of days (another rousing win for the normative determinists). Not bad for a 30-year-old.

inkl Originals

Cryptocurrency platform FTX files for bankruptcy

NEW YORK: Crisis-struck cryptocurrency platform FTX has gone bankrupt in the United States and its chief executive Sam Bankman-Fried has resigned, it said Friday, the latest blow in a saga that has reverberated across the digital currency landscape.

Bangkok Post

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Cryptocurrency News And Price Weekly Wrap-Up For Nov. 11

Cryptocurrency News Weekly Wrap-Up: Bitcoin and crypto prices plummeted as FTX rapidly collapsed and filed for bankruptcy.

Investors Business Daily

Binance's CZ compares current crypto crash to 2008 financial crisis but insists 'the market will heal itself'

“With FTX going down, we will see cascading effects."

Fortune

Cryptocurrency platform FTX files for bankruptcy, boss resigns amid tumult

New York (AFP) - Crisis-struck cryptocurrency platform FTX has gone bankrupt in the United States and its chief executive Sam Bankman-Fried has resigned, it said Friday, the latest blow in a saga that has reverberated across the digital currency landscape.

AFP

How To Lose $16 Billion In 3 Days: How Sam Bankman-Fried's Wealth Disappeared

Several days ago, FTX co-founder Sam Bankman Fried saw his wealth plummet by over 90% to a value of $1 billion.

Benzinga

Australian investors in limbo after collapse of FTX cryptocurrency exchange

Australians who invested in the FTX cryptocurrency exchange are unable to withdraw their funds as the company's local arm goes into voluntary administration.

ABC News

CZ Slams Reports Binance's Reserves Are Full Of Its Own Tokens: 'Numbers Are All Wrong'

Binance CEO Changpeng Zhao on Friday came down heavily on a report the cryptocurrency exchange holds $74.6 billion in tokens, out of which nearly 40% are its own stablecoin

Benzinga

How Binance played a key role as FTX collapse unfolded

Cryptocurrency exchange run by Changpeng Zhao pulled out of deal to rescue its rival

The Guardian - UK

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Al Jazeera

Distressed crypto exchange FTX files for bankruptcy

The trading platform had been struggling to raise billions in funds to stave off collapse after a wave of withdrawals.

The Conversation

FTX contagion will be ugly within crypto, but probably less damaging to the wider world

Crypto assets are infamous for being highly speculative and volatile, but it is their “debt problems” that have once again made headlines. Since November 2021, the total value of cryptocurrencies has now fallen from a peak of over US$3 trillion (£2.6 trillion) to circa US$830 billion (£706 billion).

The Street

Crypto Crash: Canadian Retirees Burn Their Fingers in Bitcoin

Ontario Teachers' Pension Plan, Canada's third-largest pension fund, was also an investor in FTX, the popular cryptocurrency exchange that filed for bankruptcy on Friday. The pension fund invested $75 million in FTX International and its U.S. entity, FTX.US, in October ...

AFP

Cryptocurrency platform FTX goes bankrupt in US, boss resigns

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The Street

FTX Bankruptcy A 'Shock', Says Ousted CEO Sam Bankman-Fried

"I'm piecing together all of the details, but I was shocked to see things unravel the way they did earlier this week," said Sam Bankman-Fried.

Investors Business Daily

FTX Files For Bankruptcy, Sam Bankman-Fried Resigns; Bitcoin Falls

FTX and most of its subsidiaries officially filed for Chapter 11 bankruptcy protections Friday, while CEO Sam Bankman-Fried resigned.

WEKU

FTX crypto exchange, billions of dollars low and under DOJ scrutiny, seeks bankruptcy

FTX had agreed earlier this week to sell itself to bigger rival Binance after experiencing the cryptocurrency equivalent of a bank run. The Department of Justice and the SEC are investigating.

The Street

Crypto Billionaire Bankman-Fried's Huge Fortune Plummets to $0

Sam Bankman-Fried, 30, still had a net wealth valued at $15.6 billion on November 8.

The Independent UK

Embattled crypto exchange FTX files for bankruptcy

Embattled cryptocurrency exchange FTX, short billions of dollars, is seeking bankruptcy protection following its collapse this week

Fortune

This week in the metaverse: NFT prices, Capital One trademarks, and Wrangler's NFT-themed apparel

NFT collections are so far resisting headwinds from the collapse of the FTX and Binance acquisition deal after prices fell steeply in the immediate aftermath.

The Street

Tom Brady and Steph Curry's Crypto Firm Is Bankrupt

FTX, a major cryptocurrency exchange, just filed for Chapter 11 bankruptcy after a turbulent week.

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