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The Latest Breaking News from FTT

Will Trump Pardon Sam Bankman-Fried Of Collapsed FTX? Why It May Not Happen

Seemingly encouraged by the full pardon for Silk Road's Ross Ulbricht, Sam Bankman-Fried's parents are reportedly aiming to get their son freed through a presidential pardon and have supposedly met with some prominent people within the U.S. president's circle.

International Business Times

Judges reject HMRC appeal and rule firm’s marshmallows are not sweets

Innovative Bites Ltd wins case brought by UK tax authority after its ‘mega’ product deemed to be an ‘ingredient’

The Guardian - UK

The rise and fall of Sam Bankman-Fried: an unrepentant ex-mogul faces down decades in prison

The former CEO of FTX, once a king of cryptocurrency, saw a swift reversal of his fortunes starting in November 2022

The Guardian - US

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Leaked Garmin Forerunner 165 has nearly everything thrifty runners would want

Garmin running watches are among the best, but they're not cheap. The Forerunner 165 should offer upgrades over 55 and 255; the only question is how much it'll cost.

Android Central

Musicians in Iceland call for Israel to be excluded from 2024 Eurovision Song Contest

Russia was banned from competing in 2022 following its invasion of Ukraine

Evening Standard

FTX is bankrupt and SBF was on trial, so why are people still buying FTT tokens?

Experts say the coin likely has no long-term value, but it could prove lucrative for professional traders who can quickly flip it.

Fortune

Sam Bankman-Fried built ‘pyramid of deceit’, jurors hear in closing arguments

Founder of FTX platform, 31, painted by prosecution as scammer and liar who defrauded customers out of billions of dollars

The Guardian - US

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Alameda propped up the price of ‘Sam coin’ FTT to help secure loans, former CEO Caroline Ellison says

Ellison said in her testimony at SBF’s trial on Tuesday that he told her to use Alameda funds to prop up the price of FTT, FTX's native token.

Fortune

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

Sam Bankman-Fried arrives in Manhattan court as fraud trial kicks off

FTX founder shed his signature T-shirt and shorts look to don a suit with freshly cut hair as day one of fraud trial commencedExplained: what to know about Sam Bankman-Fried trial

The Guardian - US

‘Dark’ donations, free love and the fall: the Sam Bankman-Fried trial is here

The FTX founder’s day in court comes on Tuesday. Where did it all go wrong – and what can we expect in the high-profile trial?

The Guardian - US

FTX 2.0 ‘Worse Than Starting From Scratch’, Says Crypto Expert

Jesse Powell on Wednesday voiced his skepticism about the proposed restructuring plan for beleaguered FTX.

Zenger

FTX Unveils Restructuring Plan To Revive As Offshore Entity

Proposed plan includes resolution of claims, recovery pools, and potential restart of offshore exchange.

Zenger

FTT jumps as much as 33% on news of potential FTX 'reboot'

The cryptocurrency has hovered at about $1 since FTX declared bankruptcy.

Fortune

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Zenger

FTX Halts Sale Of AI Startup Anthropic Despite Whopping 9-Figure Price Tag: Report

FTX (CRYPTO: FTT) has suddenly put a stop to the sale of a coveted asset, which was previously believed to be on the auction block after the crypto exchange declared bankruptcy in November

Bangkok Post

Securities stocks gain amid share tax rumour

Shares of Finansia Syrus Securities (FSS) led gains for securities stocks on Wednesday, according to industry sources, based on the possibility the government may delay the implementation of the controversial financial transaction tax (FTT).

Fortune

Latest FTX bankruptcy doc details spending $253 million on Bahamian property and $93 million on politicians

The bankrupt crypto exchange hopes to recover billions of dollars in assets.

The National (Scotland)

Tories bid to repeat court battle over secret Union polling – despite already losing

THE UK Government is bidding for a repeat of a tribunal hearing it has already lost as the protracted battle to force the Tories to publish secret…

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news in one place.

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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

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?

Tribune News Service

FTX latest: Bankruptcy lawyers accuse SBF of undermining case

Sam Bankman-Fried is undermining efforts to reorganize his crumbling empire with “incessant and disruptive tweeting,” US lawyers for the bankrupt crypto platform FTX said in a court filing.

Fortune

Exclusive: Leaked documents Sam Bankman-Fried used for fundraising in 2021 and 2022 show FTX revenue soared nearly 6,600% in two years but leveled off this year

Fortune reviewed two sets of spreadsheets, one dated December 2021 and another dated June 22, 2022, that showed FTX's astounding growth before its sudden crash.

WEKU

FTX made a cryptocurrency that brought in millions. Then it brought down the company

The now-bankrupt cryptocurrency exchange FTX made real money off of its own digital currency, called FTT. That currency is practically worthless now, but investors continue to trade it.

Fortune

Binance’s CZ says he never shorted FTX’s crypto token—and the decision to stop selling it was ‘very expensive’

Binance has emerged as one of the biggest winners from the FTX collapse, but its CEO says he didn’t short his rival.

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