The Latest Breaking News from FTX

The Moneyball author develops a misguided soft spot for fallen crypto king Sam Bankman-Fried

A year ago, Sam Bankman-Fried (often called “SBF”) was on top of the world. He had been on the covers of Forbes, which dubbed him “the richest twentysomething in the world”, and Fortune – the equivalent, for a business leader, of a rock star on Rolling Stone, or an athlete…

Shirzad said it it's frustrating that Bahamas-based FTX has sullied the image of domestic crypto players.

With the case winding down, the two sides are wrangling over jury instructions.

“The amount of customer deposits held in Alameda Research and FTX.com accounts was way less than was owed to customers on FTX,” testified accounting professor Peter Easton on Wednesday.

Letitia James’s action adds to the legal headaches for the reeling crypto heavyweights.

Now, Bankman-Fried is back in the Big Apple—but for very different reasons.

The cryptocurrency asset class has been asleep after an attempt to break out to the upside after establishing bottoms in 2022. While prices have improved from the lows, attempts at rallies have failed, and prices remain in relatively narrow ranges.

The FTX debtors group said the plan would be filed for approval by the bankruptcy court by Dec. 16.