The Latest Breaking News from FTX

New FTX CEO Describes 'Complete Failure of Corporate Controls' in Scathing Court Filings

Plus: Twitter is alive and well, the U.K. considers unprecedented tax hikes, and more...

Reason · Nov 18, 2022

Binance's CZ calls alleged FTX fraudster SBF a 'psychopath' over tell-all threat

Changpeng Zhao, who suspects FTX of leaking information that endangered his children, had set in motion the events that sank FTX last week and wiped out all of his rival's wealth.

Fortune · Nov 18, 2022

Why the FTX scandal gets compared to Enron

If FTX's blowup is anything like Enron's, that means big changes are on the horizon for the systems that enabled the crypto company's rise and fall.

Axios · Nov 18, 2022

The Loop: Premier confronted over flood response, Twitter employees leave in droves, Sean Turnell returns from Myanmar

Here's your TL;DR for today's news.

ABC News · Nov 18, 2022

FTX had a 'complete absence of trustworthy financial information' says new CEO

The man appointed to administer the collapsed crypto exchange in chapter 11 bankruptcy, who oversaw the clean-up after Enron's collapse, says he has never seen "such a complete failure of corporate controls".

ABC News · Nov 18, 2022

Kraken's incoming CEO labels FTX and SBF as 'thieves,' says acquisition rumors unfounded

“I think, what it boils down to from all the information we have [and] this bankruptcy report that has now been released is that FTX and SBF are complete frauds—not just frauds, but thieves,” David Ripley, incoming CEO at Kraken, tells Fortune.

Fortune · Nov 18, 2022

Miami Heat's arena could be sponsored by strip club after crypto company collapses

Miami Heat are looking for a new naming partner for their stadium following the collapse of FTX, the third-largest cryptocurrency exchange in the world - and a strip club has joined the race

Daily Mirror · Nov 17, 2022

Bill Shaikin: Shohei Ohtani and Major League Baseball take a hit over FTX ties

LOS ANGELES — This should be a banner week for Shohei Ohtani, baseball's truly global superstar.

Los Angeles Times · Nov 17, 2022

The Enron man in charge of restructuring FTX has one big takeaway from this bankruptcy: There is no paper trail

Usually in bankruptcies, it's at least clear who the 50 largest creditors are, or where the money was coming from. Not this time.

Fortune · Nov 17, 2022

FTX users have a leg up on other crypto bankruptcy victims—on paper

If FTX customers retain control of their digital assets, then those funds need to be returned—not put through bankruptcy.

Fortune · Nov 17, 2022