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The Latest Breaking News from FTX

Bankman-Fried fraud indictment cites 2 unnamed co-conspirators

Fresh charges against FTX co-founder Sam Bankman-Fried include references to a pair of co-conspirators the U.S. says were involved in illegally seeking to influence the regulation of digital assets.

Tribune News Service

Sam Bankman-Fried and FTX straw donors made tens of millions of dollars in illegal political contributions, DOJ alleges

New counts were unsealed against the disgraced FTX founder on Thursday.

Fortune

Phoenix Community Capital case shines light on UK’s lobbying problem

Interest groups have poured about £250,000 into all-party parliamentary groups in past five years

The Guardian - UK

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Bankman-Fried used customer funds for campaign largesse, charges say

Customer money bankrolled millions in political donations made by former FTX CEO Sam Bankman-Fried, federal prosecutors say.

Roll Call

FTX leaders’ political donations topped $1M weeks before bankruptcy

WASHINGTON — FTX executives, including former CEO Sam Bankman-Fried, spent at least $1 million on contributions across the political spectrum in the weeks before the company’s bankruptcy, including a large donation to Senate Republican leadership.

Tribune News Service

FTX founder faces new charges in rewritten indictment

FTX founder Sam Bankman-Fried faces additional fraud charges in a rewritten indictment that was unsealed in New York federal court

The Independent UK

FTX leaders' political donations topped $1M weeks before bankruptcy - Roll Call

Former FTX CEO Sam Bankman-Fried and others gave $1 million in contributions across the political spectrum before the company’s bankruptcy.

Roll Call

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The enduring mystery of Moonstone Bank

Could Federal Reserve oversight have prevented the FTX catastrophe?

Fortune

Coinbase beats revenue estimates but still posts $2.6 billion loss for 2022 amid Crypto Winter

Revenue from stablecoin USDC continues to be a bright spot for the exchange.

Fortune

Galois Capital—which shorted crypto fraud Terra—can’t avoid contagion of FTX

Galois has agreed to sell its claim against FTX.

Fortune

Michael Hiltzik: The government crackdown on crypto is well underway. Get out while you can

The sun may be setting on the cryptocurrency craze. If you're an investor or even just a curiosity-seeker on the fringes of this financial segment, you might want to prepare for its demise.

Los Angeles Times

One chart shows where venture valuations have seen record growth

Median valuations at seed stage startups grew by nearly 17% in 2022 despite the rough market.

Fortune

Judge in Sam Bankman-Fried case threatens jail over use of apps, VPNs

The federal judge overseeing Sam Bankman-Fried’s fraud trial threatened to revoke the FTX co-founder’s $250 million bail package if severe restrictions weren’t placed on his use of electronic devices and apps.

Tribune News Service

Judge suggests jail to limit FTX founder's communications

A federal judge is showing growing impatience with FTX founder Sam Bankman-Fried's use of the internet, suggesting that incarceration might eventually be the most effective way to prevent him from violating his bail conditions

The Independent UK

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Los Angeles Times

FTX founder Sam Bankman-Fried accused of 'hiding online activities'

Saying that he “appears motivated to circumvent monitoring” and may be “hiding online activities from the government,” prosecutors are seeking to renegotiate Sam Bankman-Fried’s bail agreement and impose tighter restrictions on the FTX founder.

Fortune

Bear market barely dents crypto lobby

Spending remains near all-time highs.

Fortune

Warren Buffett’s long-time partner Charlie Munger says he’s ‘not proud of my country’ for allowing crypto to thrive, calling it ‘very dangerous’

Munger has previously criticized cryptocurrencies, which have plunged in value over the past year.

The Independent UK

FTX founder's bail signatories include 2 family friends

Two Stanford University academics signed on to FTX founder Sam Bankman-Fried's $250 million bail package, enabling him to live with his parents while awaiting trial on fraud charges

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Fortune

Former Stanford Law School dean among SBF cosigners

The other cosigner for the disgraced FTX founder’s $250 million bond is a senior research scientist at Stanford.

Tribune News Service

FTX founder Sam Bankman-Fried remotely accessed his TV in the Bahamas to watch the Super Bowl

Days after a federal judge shot down a request by FTX founder Sam Bankman-Fried to loosen his technology restrictions while on house arrest, the disgraced crypto entrepreneur remotely accessed his TV set in the Bahamas to watch the Super Bowl.

The Independent UK

Sam Bankman-Fried summoned to NYC by judge over bail rules

FTX founder Sam Bankman-Fried has been ordered to return to a New York courtroom Thursday after the judge assigned to his fraud case said he's communicating with others in ways the government can't monitor

The Independent UK

Sam Bankman-Fried in hot water for watching Super Bowl on house arrest using VPN

Crypto executive remains under house arrest in California

The Times of India

US crackdown seeks to push crypto back to the fringes of finance

Crypto’s free pass is getting yanked as the most powerful US financial regulators rapidly close key doors to the country’s banking system.

Fortune

What the crypto crackdown means for VCs

Regulatory roadblocks may be hard to pinpoint and hard to avoid.

Los Angeles Times

Dude, where's my bitcoin? Crypto sits out the Super Bowl after a miserable year

Well, that was fast.

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Leo Schwartzleoschwartzfortunecomleomschwartz

From analysis to the latest developments in health,
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