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The Latest Breaking News from FTX

Bored Ape NFT investors are suing Bieber, Madonna and other celebrity promoters

The creator of the popular Bored Ape Yacht Club collection of NFTs and its promoters, including Madonna, Paris Hilton and Justin Bieber, were sued by investors claiming they were duped into buying the collectibles by celebrities who didn’t disclose they were paid to pump sales.

Tribune News Service

Bankman-Fried to face off with lawmakers over FTX collapse

The former CEO of the failed cryptocurrency firm FTX will testify before a Congressional committee Tuesday, his first appearance under oath since FTX filed for bankruptcy roughly a month ago

The Independent UK

US files charges against FTX's Bankman-Fried, who is arrested in Bahamas - Roll Call

Bahamas authorities arrested Sam Bankman-Fried on Monday at the request of the U.S., which has filed charges against the former FTX CEO.

Roll Call

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Federal prosecutors can't decide whether to hit Binance and its execs with indictments after 4 years of investigating

The U.S. began looking at the company in 2018 after reports that criminals were among users of the exchange.

Fortune

SBF agreed to testify in Congress. Here’s what lawmakers are thinking about crypto legislation

How will the collapse of FTX shape regulation from Washington?

Fortune

How FTX Australia was able to get away with claiming it was 'ASIC-licenced'

When cryptocurrency exchange FTX Group collapsed in the Bahamas last month, its local subsidiaries FTX Australia Pty Ltd and FTX Express Pty Ltd fell over too.

The Conversation

FTX collapse shakes up Chicago crypto market, where its US trading platform was going to be the next big thing

CHICAGO — When the FTX.US headquarters opened in a gleaming new Fulton Market tower in May, Mayor Lori Lightfoot and her retinue stopped by to officially welcome the cryptocurrency exchange to Chicago, a city positioning itself as a financial center for the booming digital assets.

Chicago Tribune

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Cathie Wood says FTX’s Sam Bankman-Fried disliked Bitcoin because he ‘couldn’t control it’

The Ark Invest CEO said FTX's Sam Bankman-Fried didn’t like Bitcoin because "it’s transparent and decentralized. He couldn’t control it.”

Fortune

'I thought crypto exchanges were safe': the lesson in FTX's collapse

Anthony* (a friend) called a few weeks ago, deeply worried.

The Conversation

Why Chelsea are set to lose £20m from major cryptocurrency crash following FTX collapse

Chelsea news: Sponsorship could be cut short after massive market crash in digital assets

Football London

Bankman-Fried ‘would give anything’ to start new business to repay FTX users

Former boss of collapsed crypto-exchange says he has duty to try to recoup investors’ lost money

The Guardian - UK

Why did we need cryptocurrency?

It's deeply surprising that investing in money that isn't money, at a bank that isn't a bank, didn't go well

Salon

Chelsea have encountered £20m problem Liverpool shouldn't ignore

Chelsea are to see their £20m per year sleeve sponsorship ended with cryptocurrency firm WhaleFin

Liverpool Echo

Sam Bankman-Fried will testify before Congress

Uncertainty looms over next week’s hearings on FTX’s collapse.

Fortune

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The Independent UK

Former FTX chief Sam Bankman-Fried to testify before Congress next week

‘There is a limit to what I will be able to say, and I won’t be as helpful as I’d like,’ crypto founder says

Fortune

Coinbase tells customers to switch to stablecoin it cofounded—without fees

The company implied that the fallout of FTX put “some stablecoins to the test.”

The Guardian - US

FTX’s Sam Bankman-Fried to testify before Congress next week

Founder and former CEO says he could talk about what he thinks led to crash and ‘my own failings’

ABC News

Cryptocurrency broker Digital Surge goes into administration, as the FTX fallout continues

Tens of thousands of Australian investors with superannuation and savings tied up in cryptocurrency remain in suspense, as a major Australian broker collapses into voluntary administration.

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Bangkok Post

Disrupting the disruptors on the internet

After a decade of unconstrained growth -- when it seemed that a new billionaire was minted every day -- the tech industry has finally hit a rough patch. Elon Musk's erratic behaviour following his takeover of Twitter has left the financially leveraged platform in a precarious state. The crypto exchange…

Fortune

Hivemapper wants to be a crypto-powered Google Maps, but insider tokenomics and product delays could foil the $18M plan

Will the company turn into the next Helium?

Axios

The SBF media blitz's key messages

The FTX collapse is the irresistible trainwreck story in business right now, but all the coverage of its instigator might be serving his purposes, as much as the public interest.

Fortune

Senate Banking Committee: Sam Bankman-Fried will be subpoenaed if he doesn’t agree to attend FTX hearing

After weeks of waffling, the disgraced FTX founder faces an ultimatum.

Al Jazeera

FTX founder Bankman-Fried facing market rigging probe: Report

Investigation is focused on whether Bankman-Fried manipulated the market for two cryptocurrencies, New York Times says.

Fortune

Taylor Swift avoids FTX lawsuits after a $100 million deal with the crypto exchange fell apart earlier this year

Sam Bankman-Fried’s employees at FTX, which struck deals with Tom Brady and Steph Curry, said it “was too expensive from the beginning.”

Fortune

SEC Chair says the 'runway is getting shorter' for crypto companies

The Securities and Exchange Commission chair said “the runway is getting shorter” for crypto companies.

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