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The Latest Breaking News from FTX

New York attorney general hits Gemini, Genesis, and Digital Currency Group with lawsuit for defrauding investors of more than $1 billion

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

Fortune · Oct 19, 2023

(Crypto) Empire State of Mind: Sam Bankman-Fried allegedly met with Bill Clinton and Kathy Hochul in NYC 2 months before FTX collapsed

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

Fortune · Oct 18, 2023

Why are Cryptocurrencies in a Sideways Trend?

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.

Barchart · Oct 18, 2023

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read the most diverse news in one place.

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 · Oct 17, 2023

New bankruptcy proposal could see FTX creditors receive close to $9 billion by mid-2024

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

Fortune · Oct 17, 2023

Sam Bankman-Fried ‘needs more ADHD medication to be able to testify’, lawyers argue

Lawyers say the FTX cryptocurrency exchange founder’s daily dose wears off quickly

Evening Standard · Oct 17, 2023

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 · Oct 16, 2023

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Former FTX executive Nishad Singh describes conversation with Sam Bankman-Fried over customer funds: ‘I was blindsided and horrified’

While Bankman-Fried lounged on a white chaise chair, Singh realized that FTX was not force for good but had "turned out to be so evil."

Fortune · Oct 16, 2023

Sam Bankman-Fried pushed for $30 million Bahamas penthouse despite concern from FTX colleagues it would be ‘ostentatious’

Top lieutenant Nishad Singh testified that the FTX founder liked the apartment because he "is a fan of views."

Fortune · Oct 16, 2023

Behind the scenes of week 2 of Sam Bankman-Fried’s trial

Caroline Ellison testified about bribery, FTT, Thai prostitutes, and her surprisingly small equity package.

Fortune · Oct 16, 2023

Sam Bankman-Fried's lawyers request Adderall for the FTX founder as he decides whether to testify

With SBF's trial entering its third week, the defendant is still fighting for access to medication.

Fortune · Oct 16, 2023

Criminal mastermind or hapless dude? A look into Sam Bankman-Fried's trial so far

The trial of the former FTX CEO concluded its second week, featuring explosive testimony from Caroline Ellison, a former girlfriend of Bankman-Fried.

WEKU · Oct 14, 2023

Even after Sam Bankman-Fried’s arrest, the crypto industry remains full of men acting like boys

Crypto is a gender-neutral technology—but the industry itself is another story altogether.

Fortune · Oct 13, 2023

Bankman-Fried’s whisper campaign against Binance is part of a long U.S. tradition of working the refs

Testimony this week shed light on Bankman-Fried's attempt to sic regulators on Binance—a time-worn tactic in U.S. finance.

Fortune · Oct 13, 2023

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The Guardian - US · Oct 13, 2023

Caroline Ellison’s testimony against Sam Bankman-Fried: five key takeaways

The former Alameda CEO offered stunning testimony against her ex-boyfriend and failed crypto mogul being tried for fraud

The Guardian - AU · Oct 13, 2023

Afternoon Update: 1.1 million residents of Gaza told to relocate south; NSW police criticised over protest threat; and New Zealand election countdown

Palestinians fear the Israeli relocation directive could be a precursor to a ground offensive

Fortune · Oct 12, 2023

Inside the meeting where Caroline Ellison came clean to Alameda staff, per a secret recording from an employee who started 3 days earlier

“I’m sure this wasn’t a YOLO thing, right?” Christian Drappi, another Alameda employee, asked the crypto hedge fund's former CEO.

The Guardian - US · Oct 12, 2023

Sam Bankman-Fried accused of scoffing and laughing as ex-girlfriend testified

Judge asks Bankman-Fried’s lawyer to ‘have a word with him’ after prosecutors complain of possible intimidation

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The Independent UK · Oct 12, 2023

Sam Bankman-Fried's lawyer struggles in cross-examination of Caroline Ellison, govt's key witness

Sam Bankman-Fried’s defense lawyer has struggled through a meandering cross-examination of the FTX founder’s former girlfriend Thursday, keeping both the judge and the public guessing as to his strategy in countering the testimony of the government’s key witness

Fortune · Oct 12, 2023

Sam Bankman-Fried laughed, scoffed, and visibly shook his head during Caroline Ellison’s second-day testimony, prosecutor tells judge

The FTX founder’s alleged behavior stands in contrast to how he’s previously reacted to other witnesses.

The Guardian - US · Oct 12, 2023

Bankman-Fried’s lawyers cast Caroline Ellison as architect of FTX collapse

Defense team suggests Ellison let heartbreak impede business communications on third day of her testimony

Fortune · Oct 12, 2023

Plenty of VCs have made big crypto bets that could actually pan out

FTX made a $500 million bet on AI startup Anthropic—and plenty of other VCs have viable crypto investments.

The Guardian - UK · Oct 12, 2023

First Thing: no power, water or fuel for Gaza until hostages are freed, Israel says

IDF says Hamas fighters still trying to cross into Israel. Plus, why are one in seven of us addicted to ultra-processed foods?

The Times of India · Oct 12, 2023

Caroline Ellison: ‘Sam was the one’ who caused FTX collapse

In June 2022, amid the broader crypto meltdown, Caroline Ellison and FTX co-founder Sam Bankman-Fried were looking at a massive hole in Alameda Research’s balance sheet.

Fortune · Oct 11, 2023

Caroline Ellison’s latest testimony included utilitarianism, Saudi money, Thai prostitutes, and ended in tears: ‘The worst week of my life’

“Rules like 'don’t lie' or 'don’t steal' didn’t fit in that framework,” the former Alameda CEO said of Sam Bankman-Fried’s utilitarianism.

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