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The Latest Breaking News from FTX

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

The Guardian - US

‘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.

Fortune

SBF defends his actions and distances himself from Alameda in first live interview since FTX's collapse

Sam Bankman-Fried said he was "excited" about the prospects of his crypto exchange FTX just a month before its collapse, but admitted he made mistakes in a new interview.

Fortune

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Bankman-Fried apologises, says didn't 'try to commit fraud'

NEW YORK: Former FTX Chief Executive Sam Bankman-Fried apologised Wednesday for a "lot of mistakes" in the abrupt collapse of the cryptocurrency firm and said he did not knowingly behave fraudulently.

Bangkok Post

North Korea's nuclear program is funded by stolen cryptocurrency. Could it collapse now that FTX has?

Since the world’s second-largest crypto exchange, FTX, declared bankruptcy earlier this month, the flow-on effects have been felt far and wide.

The Conversation

FTX's SBF: I'm the 3rd-biggest GOP donor

The FTX founder says he kept donations private because "reporters freak the f--k out if you donate to Republicans"

Salon

Kraken to lay off 30% of employees

The crypto exchange joins Coinbase, Crypto.com, and Gemini in announcing layoffs this year.

Fortune

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FTX billionaire Sam Bankman-Fried funneled dark money to Republicans

The crypto entrepreneur was thought to be a big donor to Democrats but now acknowledges he gave equally to GOP

The Guardian - US

‘Inaction is paralysis’: CFTC Chair Rostin Behnam calls for regulation in the wake of FTX’s collapse

His commission has come under scrutiny for its relationship with the exchange and Sam Bankman-Fried.

Fortune

Arianna Huffington slams Elon Musk's 'hardcore' Twitter edict and calls out his 'outdated way of working’

Arianna Huffington has pinned the meltdowns at Twitter and FTX on their CEOs' obsession with the grind.

Fortune

Andreessen Horowitz, FTX, and the future of crypto

Unlike fellow Silicon Valley giant Sequoia, a16z did not get tarnished by FTX's collapse.

Fortune

Bitcoin storage company Casa to launch Ethereum wallets as demand rises post–FTX collapse

“As we thought about expanding to Ethereum, the core reason is that our customers have been asking for it,” Nick Neuman, Casa cofounder and CEO, told Fortune.

Fortune

What's a polycule? An expert on polyamory explains

With the collapse of the cryptocurrency exchange FTX, the media shined a spotlight on the personal lives of founder Sam Bankman-Fried and his inner circle.

The Conversation

‘It just kinda went crazy’: FTX’s lavish spending highlights lack of controls

Sam Bankman-Fried’s crypto group showered employees with perks before collapsing into bankruptcy

Financial Times

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Fortune

FTX’s Sam Bankman-Fried says he has just $100,000 in his bank account after running a company that was once worth $32 billion

“Am I allowed to say a negative number?”

Axios

Exclusive: Sam Bankman-Fried says he's down to $100,000

The former CEO tells Axios about what helped lead to FTX's collapse.

Bangkok Post

FTX saga shows not all ends justify means

In the wake of the collapse of the cryptocurrency exchange FTX, and amid reports that FTX's founder, Sam Bankman-Fried, diverted billions of dollars of clients' funds, some observers have linked the alleged financial malpractice to ideas widely held within the "effective altruism" movement, which Mr Bankman-Fried says inspired him. More…

StockNews.com

3 Software Stocks to Sell Right Now and 1 to Buy

Despite being well-positioned for long-term growth, the application software industry has near-term headwinds to deal with. Hence, avoiding fundamentally weak stocks Robinhood (HOOD), Monday.com (MNDY), and Matterport (MTTR) could be wise, while fundamentally strong software stock Progress Software (PRGS) could be a great buy right now. Continue reading….

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Fortune

Sam Bankman-Fried says he donated just as many millions to Republicans as Democrats

The former FTX CEO discussed in greater detail donations he made as Democratic Sen. Ron Wyden of Oregon called on crypto exchanges to be more transparent.

The Independent UK

Beto O’Rourke’s campaign returned surprise $1m donation from controversial crypto billionaire Sam Bankman-Fried

Embattled FTX founder was top donor to Democrats in 2022 midterms

Tribune News Service

As FTX burned, lawmakers said to be dithering over regulator

WASHINGTON — Congress opted to tread water on legislation that would clarify the agency in charge of the cryptocurrency industry, leaving lawmakers now without a regulator to blame for missing the signs of the FTX collapse this month and facing deep skepticism about some proposals.

Fortune

In 2020 Sam Bankman-Fried tweeted about a VC ‘horror story.’ Now that investor reveals what he saw at Alameda Research—and why he walked

Alexander Pack said he and his Dragonfly team met with Alameda executives, including Bankman-Fried, more than a dozen times over a five-to-six-month period from 2018 to 2019.

Roll Call

As FTX burned, lawmakers said to be dithering over regulator - Roll Call

FTX founder Sam Bankman-Fried’s prominence on Capitol Hill is said to have tainted bills deemed too favorable to the cryptocurrency industry.

Fortune

A founder’s guide to early startup fundraising in 2023

What founders should expect from the VC funding environment, and what to do about it.

Evening Standard

Sam Bankman-Fried: Crypto’s Wolf of Wall Street

City Voices: Crypto still has a great future despite recent scandals

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