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The Latest Breaking News from FTX

Sam Bankman-Fried reportedly fell asleep during extradition hearing

Crypto mogul faces up to 115 years in prison if convicted of wire fraud and securities fraud charges

The Independent UK

Sam Bankman-Fried to fly to US Wednesday, escorted by FBI agents

WASHINGTON — Federal authorities are set to whisk Sam Bankman-Fried to the U.S. on Wednesday to face a range of criminal charges related to the collapse of the FTX crypto exchange.

Tribune News Service

Hearing on FTX founder's extradition to US set for Wednesday

Sam Bankman-Fried will have a hearing Wednesday in a Bahamian court on his possible extradition U.S. in the coming days to face criminal charges related to the collapse of cryptocurrency exchange FTX

The Independent UK

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Sam Bankman-Fried could be housed in same prison Ghislaine Maxwell was in after agreeing to extradition

The disgraced FTX founder will return to the US from The Bahamas to face criminal charges

The Independent UK

I’ve spent decades studying trust in markets. Here’s what the FTX collapse has in common with Lehman Brothers and Russian nukes

Nothing concentrates minds like losing money: it changes the general conversation and the political landscape by making regulation seem more necessary.

Fortune

FTX seeks to claw back donations to politicians and charities

Collapsed cryptocurrency exchange had reputation for corporate philanthropy to tune of hundreds of millions of dollars

The Guardian - UK

Sam Bankman-Fried sent back to Bahamian jail after catching lawyer off guard with US extradition plan

FTX co-founder Sam Bankman-Fried’s preparations to be extradited to the United States have hit an abrupt and confusing snag in a Bahamas courtroom.

Tribune News Service

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Jo Johnson resigns from Binance advisory role

The former Tory MP and universities minister stepped back as scrutiny over the cryptocurrency exchange grows

The Guardian - UK

Sam Bankman-Fried delays agreement on extradition to US

The crypto tycoon has acknowledged failures at FTX but says he does not believe he has criminal liability

The Independent UK

Sam Bankman-Fried prepared to be extradited to US as soon as Monday

Disgraced FTX co-founder Sam Bankman-Fried has indicated he’s preparing to be extradited to the U.S. from the Bahamas as soon as Monday, according to a person with direct knowledge of the matter.

Tribune News Service

Why SBF’s arrest means freedom for everyone else in the crypto space

Regulators have taken too long to enforce basic laws–and that has undermined crypto's credibility, writes Dmitry Gooshchin.

Fortune

Unlike Washington, Andreessen Horowitz has a plan to push forward crypto legislation

Collin McCune worked on the House Financial Services Committee before becoming the firm's new head of government affairs.

Fortune

‘I said you’re a fraud.’ CME Group’s boss spotted early trouble at crypto exchange FTX

Terrence Duffy, chairman of Chicago-based exchange owner CME Group, said his meeting with Sam Bankman-Fried showed FTX had no plan to prevent trading calamities that could have spread across the financial system.

Chicago Sun-Times

Disgraced crypto boss Sam Bankman-Fried to walk back decision to fight extradition, report says

Bankman-Fried potentially faces prison sentence of over 100 years

The Independent UK

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Fortune

Sen. Sherrod Brown leaves possibility of crypto ban open as momentum builds for stronger regulation

"Crypto doesn’t get a free pass because it’s bright and shiny," said the Senate banking chairman Sunday.

Newsroom.co.nz

The road ahead for cryptocurrencies

Greater government regulation of blockchain technology may bring more structure and stability to the crypto sector | Content partnership

Tribune News Service

Ira Winderman: FTX fiasco has Heat’s Haslem feeling pain of others

This was not an interview Udonis Haslem wanted to be having, making that clear immediately.

ABC News

Former FTX CEO Sam Bankman-Fried to reverse decision on contesting extradition

Sam Bankman-Fried is expected to appear in court in the Bahamas on Monday to reverse his decision to contest extradition to the United States, where he faces fraud charges, a person familiar with the matter said.

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news in one place.

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Fortune

Sam Bankman-Fried will now reverse his decision to fight extradition to the U.S.: Report

The FTX founder was arrested on Monday in the Bahamas and denied bail, with the judge deeming him a flight risk.

Reuters

Exclusive-Sam Bankman-Fried to reverse decision on contesting extradition

Former FTX Chief Executive Sam Bankman-Fried is expected to appear in court in the Bahamas on Monday to reverse his decision to contest extradition to the United States, where he faces fraud charges, a person familiar with the matter said on Saturday.

The Guardian - UK

Why were the media hypnotised by Sam Bankman-Fried?

Credulous or ignorant interviewers made it easier for the disgraced crypto wunderkind to pull the wool

The Independent UK

Crypto's ties to sports raise ethical questions

Sports fans who view their favorite players as role models might think twice before taking their financial advice, too

The Guardian - US

In balmy Puerto Rico, diehards shrug off the crypto winter: ‘We’re not worried’

Blockchain aficionados have long flocked to the island for its favorable tax laws. But as the industry wobbles, local residents are pushing back

The Guardian - US

Fraud, cons and Ponzi schemes: did Sam Bankman-Fried use Madoff tactics?

The fallen crypto mogul is fighting off accusations he followed a similar playbook to Madoff – and deceived investors in the process

inkl Originals

The Weekly Wrap for Saturday, 17 December 2022

This man needs little introduction. He's a scoundrel who drank his own bath water. A gambling exemplar of modern techno-capitalism. And if we lived in a just society, Sam Bankman-Fried would be TIME magazine's Person of the Year.

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