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The Latest Breaking News from FTX

Why did FTX buy into a U.S. bank owned by a co-creator of 'Inspector Gadget'?

A closer look at why Sam Bankman-Fried's crypto empire took a stake in a tiny bank in Washington State.

Fortune

Meet the VC who was a ‘horror story’ for Sam Bankman-Fried and why he passed on investing in Alameda Research

Alexander Pack of Hack.VC told Fortune about the warning signs he saw in SBF and his quant firm Alameda Research years ago.

Fortune

FTX collapse leaves program to help formerly incarcerated Chicagoans in jeopardy

The cryptocurrency giant pledged at least $1 million to help provide universal basic income to help people get back on their feet after time behind bars. Now, it has filed for bankruptcy without delivering most of the grant.

Chicago Sun-Times

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11 Hours With Sam Bankman-Fried: Inside the Bahamian Penthouse After FTX’s Fall

Billions of dollars of customer money is missing, investigators are circling, and the 30-year-old ex-CEO admits his company broke its own rules.

Businessweek

U.S. Trustee moves for independent examiner in FTX bankruptcy

The examiner would likely produce a large and independent report from a perspective the trustee describes as a "true neutral."

Axios

CFTC chairman urges strengthening conflict-of-interest part of Senate crypto bill

Commodity Futures Trading Commission Chairman Rostin Behnam urged senators to strengthen conflict of interest and financial disclosure provisions for cryptocurrency entities in a key piece of legislation in light of the collapse of the FTX exchange.

Tribune News Service

How Solana, ‘Sam coins,’ Bitcoin, and Ethereum have fared after the FTX collapse

The failure of FTX had investors "stampeding like a herd of wildebeest to off-load as much risk as they could,” Ryan Shea, crypto economist at Trakx, tells Fortune.

Fortune

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3 takeaways on SBF, Mark Zuckerberg, and Larry Fink from DealBook’s buzzy Summit

The former FTX CEO took the lawyerly route, while the Meta chief blasted Apple and the BlackRock leader forecasted change in tech.

Fortune

‘We can’t regulate this out of existence’: Senate Agriculture Committee grills CFTC chair on FTX collapse

Rostin Behnam said he met with Sam Bankman-Fried 10 times over an FTX proposal.

Fortune

Billionaire Bill Ackman and Kevin O'Leary think FTX's Sam Bankman-Fried is telling 'the truth' about being unaware of major problems at his failed crypto exchange

FTX founder Sam Bankman-Fried defended himself Wednesday against fraud accusations in an interview at the New York Times Dealbook Summit.

Fortune

Avoid These 4 Stocks Amid Crypto Market Turmoil

The cryptocurrency market has been hard hit this year, with rising interest rates and recession fears making investors stay away from highly risky assets. While the Fed is expected to slow interest rate hikes, given the lingering recession concerns, it could be wise to avoid struggling crypto-exposed stocks Coinbase Global…

StockNews.com

FTX missing billions remain mystery after Bankman-Fried grilling

Mystery continues to shroud the missing billions at bankrupt crypto exchange FTX after its disgraced founder Sam Bankman-Fried denied trying to perpetrate a fraud while admitting to grievous managerial errors.

Tribune News Service

Ex-FTX CEO Bankman-Fried says he didn’t ‘knowingly’ misuse clients’ funds

“I didn’t ever want to commit fraud on anyone. I was shocked at what happened this month,” Sam Bankman-Fried says.

Chicago Sun-Times

Even by crypto standards, that New York Times interview with SBF was a disaster

The notorious Bankman-Fried interview showed the FTX's sociopathy on full display.

Fortune

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Roll Call

CFTC chief urges strengthening conflict-of-interest part of Senate crypto bill

Rostin Behnam urged senators to strengthen conflict-of-interest and disclosure language in a bill to regulate cryptocurrency.

Bangkok Post

FTX missing billions remain a mystery

Mystery continues to shroud the missing billions at the bankrupt crypto exchange FTX after its disgraced founder Sam Bankman-Fried denied trying to perpetrate a fraud while admitting to grievous managerial errors.

Fortune

BlackRock's Fink predicts most crypto firms will go under

BlackRock CEO Larry Fink thinks that most crypto companies won't survive in the wake of Bankman Fried's FTX collapse.

France 24

Founder of collapsed crypto exchange insists he 'didn't ever try to commit fraud'

Once a darling in the business and tech world, Sam Bankman-Fried has become a pariah. The founder of crypto exchange FTX, which declared bankruptcy last month, has given his first media interview since his platform collapsed. He denied any intention to commit fraud and pleaded ignorance at the mismanagement of…

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Evening Standard

Sam Bankman-Fried: Former boss of collapsed cryptocurrency scheme FTX denies fraud

Sam Bankman-Fried, the man formerly behind failed US cryptocurrency scheme FTX, has denied committing fraud.

The Guardian - AU

Australian administrator of FTX warns customers may not get all their money back

KordaMentha works to untangle web of companies behind crypto exchange and determine who is owed money by which branch of the business

The Independent UK

Ex-FTX CEO says he didn't 'knowingly' misuse clients' funds

The former CEO of the failed cryptocurrency exchange FTX says that he did not "knowingly” misuse customers' funds

Fortune

Sam Bankman-Fried on prospect of prison: This isn’t the time and place to think about that

Sam Bankman-Fried said he had a "bad month" while claiming he didn't try to commingle funds.

WEKU

Sam Bankman-Fried strikes apologetic pose as he describes being shocked by FTX's fall

During an hour-long interview at the New York Times Dealbook Summit, Bankman-Fried frequently portrayed himself as in the dark about the condition of the multi-billion dollar exchange he founded.

The Guardian - US

FTX chief Sam Bankman-Fried says he ‘screwed up’ but rejects fraud claim

Disgraced chief executive tells summit he ‘didn’t knowingly commingle funds’ with FTX’s sister company Alameda Research

Fortune

‘There were no wild parties’: FTX’s Sam Bankman-Fried pushes back on depiction of lifestyle with coworkers

The former FTX CEO said very little drinking happened at parties, and that they played board games.

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