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The Latest Breaking News from FTX

The fate of Sam Bankman-Fried's investments

Sam Bankman-Fried invested billions into startups. Those companies are wondering what happens next.

Axios

Maxine Waters and SBF. It's complicated

Rep. Maxine Waters is asking Sam Bankman-Fried to testify before Congress—if he does, the encounter could make them both uncomfortable

Fortune

FTX held talks with Taylor Swift over $100mn sponsorship deal

Negotiations between singer-songwriter and Sam Bankman-Fried’s crypto group collapsed this spring

Financial Times

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GameStop just became the latest tech company to lay off workers—and it’s cut down on its crypto team

“Super sad to say I was a part of the layoffs today at GameStop,” one software engineer wrote on LinkedIn.

Fortune

Cathie Wood Keeps Buying These 2 Crypto Securities – Should You?

Following the FTX debacle, the crypto universe was hard hit. However, popular investor Cathie Wood keeps buying stocks from the crypto space despite the rising interest rates and recession risks. As investors access the macroeconomic risks, their risk-off approach will keep the cryptocurrency market under pressure. Therefore, it could be…

StockNews.com

The crypto billionaire who helped expose SBF's insolvency calls him 'one of the greatest fraudsters in history' and accuses media and thought leaders of being manipulated

Binance CEO CZ is speaking out against SBF after FTX’s collapse and arguing he had nothing to do with his rival’s downfall.

Fortune

A bankruptcy court is allowing the busted crypto lender Celsius to hand out $2.8 million in bonuses to keep employees from quitting

“We’re getting really down to the nub of what we need to continue to function,” the company’s lawyer said during the court hearing.

Fortune

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'Ripping the bandaid'—Solana cofounders talk SBF, FTX, and what comes next

“We've always heard really negative criticism about FTX’s involvement in the ecosystem and that concentration of ownership stake," Solana cofounder Raj Gokal told Fortune. "So, it feels like ripping the bandaid.”

Fortune

ConsenSys CEO Joe Lubin addresses MetaMask privacy concerns

The DeFi wallet has been at the center of a debate over decentralization.

Fortune

Overshadowed by failures, crypto hacking exacts higher price - Roll Call

The cryptocurrency business is losing more money to hackers, losses that have been overshadowed by the high-profile failures in the sector.

Roll Call

Stanford law professors are entangled in Sam Bankman-Fried’s FTX mess—and SBF’s father withdrew from an upcoming class

Bankman-Fried’s father—and his colleague—are reportedly consulting with the disgraced founder of the crypto exchange, who was raised on the prestigious university’s campus.

Fortune

Commentary: Sam Bankman-Fried is not an effective altruist

It’s an unfortunate thing that the fiery collapse of the crypto exchange FTX is giving many people their first look at one of the most promising charitable movements of the last decade. It’s called effective altruism, or EA, and in recent years, disgraced FTX founder Sam Bankman-Fried, known as SBF,…

Chicago Tribune

Crypto pressure ratchets up as FTC probes several firms over ads

The US Federal Trade Commission is probing several crypto firms over allegations their advertisements were deceptive or misleading, the agency said Monday.

Tribune News Service

Bronx Rep. Ritchie Torres introduces crypto legislation

At a Monday press conference, Torres compared SBF to Bernie Madoff and voiced concerns about Tether.

Fortune

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Fortune

Photos on Twitter appear to show former Caroline Ellison in New York City, prompting speculation of FTX-linked plea deal

The person believed to be Ellison was seen at a coffee shop in Manhattan.

Fortune

Coinbase CEO Brian Armstrong says SBF's messy accounting excuse for FTX collapse doesn't explain $8 billion loss: 'Even the most gullible person should not believe Sam's claim that this was an accounting error'

“I don't care how messy your accounting is (or how rich you are)—you're definitely going to notice if you find an extra $8B to spend."

Fortune

Musk supports idea of SBF going to jail over FTX collapse

Both the Department of Justice and the SEC are reported to be investigating FTX's downfall.

Roll Call

Senate Banking Democrats plan bigger role in crypto legislation - Roll Call

Sen. Sherrod Brown says a bill supported by Sens. Stabenow and Boozman is too favorable to the crypto industry.

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news in one place.

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Fortune

Don't call FTX's collapse a 'run on the bank'

Some media outlets are echoing SBF's claim that FTX's collapse was like a "run on the bank." Don't buy it.

Evening Standard

How a deeper crypto crash in 2023 could spark a gold rush

Gold could be about to take off in 2023 should the collapse in crypto assets, including Bitcoin, continue

Fortune

Meet the power players trying to make FTX customers whole

Rishi Jain, a managing director at a private equity consulting company, has been placed in charge of what’s left of FTX Ventures.

St. Louis Post-Dispatch

Editorial: The FTX saga is hard to understand, but the greed behind it isn't

Back in 2001, precious few Americans could have explained what Houston-based Enron did as a company and how it got so spectacularly wealthy. But when it filed for a record-breaking bankruptcy, Americans got schooled fast about not putting their trust and money behind swaggering, fast-talking con artists. But fools and…

Fortune

KuCoin CEO defends exchange amid high-yield product backlash

Are crypto platforms adequately educating users about risk?

The Guardian - AU

Cryptocurrency exchange Swyftx axes 90 jobs with CEO blaming aftershocks of FTX collapse

Company expects further significant drops in trade and ‘the potential for more black swan-type events’

Al Jazeera

FTX’s Bankman-Fried says he will testify before US Congress

FTX founder says he will testify when he has ‘finished learning and reviewing’ collapse of cryptocurrency exchange.

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