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The Latest Breaking News from FTX

With the economy on a recovery path, 2022 offered a roadmap for various industries to grow and cash in on near-term opportunities. For some sectors, a lack of supervision stymied potential development. As new rules are imposed and others expire, businesses and individuals need to adapt because the government is…

Bangkok Post

The year in bankruptcy isn't just an FTX story. What's next could be even bigger.

The number of bankruptcies actually declined in 2022, but the amount of debt swimming through court is higher. And yes, FTX (likely) leads the pack.

Fortune

RBI pitches for common approach towards crypto assets to address potential risks

MUMBAI: To address potential financial stability risks and protect investors, it is important to arrive at a common approach to crypto assets, the Financial Stability Report released by RBI said on Thursday.

The Times of India

From analysis to the latest developments in health,
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The 10 biggest crypto funding rounds of 2022

How much did Crypto Winter freeze venture funding?

Fortune

2022 was the year crypto came crashing down to Earth

For the world of crypto, 2022 started with exuberance and ended with its unofficial spokesman in handcuffs.

WEKU

Crypto player Kraken to exit Japan amid sector’s annus horribilis

US-based cryptocurrency exchange’s announcement comes amid plummeting asset values and sector-wide reckoning over FTX.

Al Jazeera

FTX customers sue Sam Bankman-Fried as part of Chapter 11 case

Customers of failed cryptocurrency exchange FTX sued in bankruptcy court in hopes of being first in line to recover some of the billions lost in the meltdown of Sam Bankman-Fried’s digital-asset empire.

Tribune News Service

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Bankman-Fried’s fraud case is reassigned after original judge recuses herself

The fraud case against FTX co-founder Sam Bankman-Fried has been reassigned to U.S. District Judge Lewis Kaplan in Manhattan after the original judge in the case recused herself over a potential conflict of interest.

Tribune News Service

Pharma Bro Martin Shkreli gives disgraced FTX boss Sam Bankman-Fried advice on surviving jail time

Shkreli predicted Mr Bankman-Fried, currently under house arrest, could face challenges if convicted on fraud charge

The Independent UK

US probes how $372 million vanished in hack after FTX bankruptcy

Federal prosecutors are investigating an alleged cybercrime that drained more than $370 million out of FTX just hours after the cryptocurrency exchange filed for bankruptcy last month.

Tribune News Service

Crypto will survive FTX, Sam Bankman-Fried

Today, there are people all over the world committed to cryptocurrency's endurance.

Axios

Emails reveal Sam Bankman-Fried’s courtship of federal regulators

ALAMEDA, Calif. — Before his mid-December arrest, cryptocurrency billionaire Sam Bankman-Fried repeatedly claimed that he was a responsible business leader who sought more regulation of cryptocurrency and wanted his industry to be part of the mainstream financial system.

Los Angeles Times

Crypto's very bad year yielded even worse falls from grace. Here's a list.

Some of the industry’s biggest names fell from historic highs historically quickly.

Fortune

Crypto is like the ‘World of Warcraft’ economy and legitimizing it with regulations would hurt the financial system, says economist

"While there's money involved, I don't think any of us would call on [regulators] to supervise online massive multiplayer games," argued Stephen Cecchetti.

Fortune

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news in one place.

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Tribune News Service

Thanks to FTX, regulating crypto should be easy

As the demise of the FTX crypto empire unfolds — on Twitter, in bankruptcy proceedings, in congressional hearings and potentially in criminal court — lawmakers and regulators are grappling with a question: What, if anything, should they do to civilize a market so rife with abuse?

The Independent UK

Judge kept FTX execs' plea deals secret to get founder to US

A judge agreed to keep secret that two of Sam Bankman-Fried's executive associates were cooperating with investigators so that the cryptocurrency entrepreneur would not change his mind and fight extradition from the Bahamas to the United States

Evening Standard

It was the end of easy money that took the shine off tech in 2022

City comment: After a period of naïve optimism and financial malpractice, it’s time for the tech sector to snap back to reality

Fortune

A 'kitchen sink' approach won't work for DeFi legislation

DeFi has unique pros and cons, and it requires unique oversight.

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news in one place.

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Los Angeles Times

Michael Hiltzik: Musk's genius, Putin's prowess and other victims of the Year of Fails

'Tis the holiday season, when we pundits look back at the most uplifting moments of the last year and ahead to what may gladden our hearts in the next.

Evening Standard

Sam Bankman-Fried released to parents’ home on $250 million bail while awaiting crypto fraud trial

The 30-year-old is accused of stealing billions in customer funds from cryptocurrency exchange FTX

ABC News

ASX in the red as Wall Street tumbles in Christmas sell-off, Tesla shares tank — as it happened

The ASX was dragged down by a fall on Wall Street as US stocks resumed their December sell-off, while Tesla shares lost nearly 9 per cent after it offered discounts of $US7,500 on US sales.

Tribune News Service

Bankman-Fried released on $250 million bond in FTX fraud case

NEW YORK — Sam Bankman-Fried was released on a $250 million bail package after making his first U.S. court appearance to face fraud charges over the collapse of FTX, the cryptocurrency exchange he co-founded.

Axios

Sam Bankman-Fried released on $250 million bond

He has been accused in a U.S. criminal complaint of engaging in a fraud scheme for FTX customers.

The Independent UK

FTX founder Sam Bankman-Fried to be released on $250m bail after first US court appearance

Former head of failed crypto exchange was extradited to US after arrest in Bahamas

Al Jazeera

What is the post-FTX future of cryptocurrency?

Cryptocurrencies, experts say, have mainly been speculative, which only worked as long as real dollars were there.

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