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The Latest Breaking News from FTX

“This is fraud:” Coinbase CFO says of FTX as more crypto fintechs get caught in contagion

Alesia Haas is trying to assure consumers that FTX was merely a bad actor and is not representative of the whole industry.

Fortune · Nov 17, 2022

How to raise $2 billion with a sloppy Excel spreadsheet

Sam Bankman-Fried's homespun FTX fundraising documents show disorganization.

Fortune · Nov 17, 2022

Mercedes F1 team left in "disbelief" over FTX collapse

Mercedes says it has been left in 'disbelief' over the collapse of its Formula 1 sponsor, the crypto exchange FTX, last week.

Motorsport · Nov 17, 2022

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FTX case has raised 'serious allegations', says Singapore minister

SINGAPORE: The collapse of crypto exchange FTX has raised "very serious allegations that amount to potential fraud", Singapore's finance minister and deputy prime minister said on Thursday.

Bangkok Post · Nov 17, 2022

FTX bankruptcy is bad news for the charities that crypto mogul Sam Bankman-Fried generously supported

FTX, an exchange for trading cryptocurrencies, quickly became bankrupt and defunct in November 2022. Its founder, Sam Bankman-Fried, is broke, and the 30-year-old former billionaire could be in serious legal trouble for his alleged financial improprieties. The Conversation asked Brian Mittendorf, an accounting scholar at The Ohio State University, to…

The Conversation · Nov 16, 2022

FTX's disgraced founder SBF still thinks he can rebuild his bankrupt crypto empire and make customers whole

The 30-year-old who fashioned himself as an altruist claimed FTX was not in a balance sheet crisis with its very solvency at risk, merely a liquidity crisis.

Fortune · Nov 16, 2022

SBF’s dangerous decision-making philosophy that brought down FTX

SBF and Elon Musk's coin-flipping approach to business can work–until it doesn't. Here's why, according to cognitive scientist Gleb Tsipursky.

Fortune · Nov 16, 2022

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For embattled FTX founder Sam Bankman-Fried, incompetence could be a legal strategy

If federal authorities want to pursue criminal charges, they'll have to prove intent, experts say.

Axios · Nov 16, 2022

FTX’s former CEO claims crypto exchange is still solvent

Sam Bankman-Fried makes statement even as new boss begins formal bankruptcy process

The Guardian - UK · Nov 16, 2022

Aust crypto exchange suspends withdrawals

Brisbane-based crypto exchange Digital Surge has suspended withdrawals until further notice, citing fallout from the collapse of FTX.

AAP · Nov 16, 2022

Size, scope of FTX failure gets clearer as users fear worst

Just days after cryptocurrency’s third-largest exchange collapsed, the public is starting to get a feel of how messy FTX’s bankruptcy case could be

The Independent UK · Nov 15, 2022

Exclusive: Leaked documents Sam Bankman-Fried used for fundraising in 2021 and 2022 show FTX revenue soared nearly 6,600% in two years but leveled off this year

Fortune reviewed two sets of spreadsheets, one dated December 2021 and another dated June 22, 2022, that showed FTX's astounding growth before its sudden crash.

Fortune · Nov 15, 2022

Politicians spurn contributions from bankrupt crypto exchange FTX and its former CEO Sam Bankman-Fried

SBF had donated close to $40 million in the 2021–2022 cycle, according to OpenSecrets.

Fortune · Nov 15, 2022

Why the collapse of Sam Bankman-Fried's FTX has split A.I. researchers

The close ties between A.I. and the 'Effective Altruism' movement that Bankman-Fried belonged to, are now in the spotlight.

Fortune · Nov 15, 2022

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Fortune · Nov 15, 2022

Crypto's biggest player says most people shouldn't invest in crypto right now

Binance's CZ calls on the crypto community to help 'rebuild' after FTX collapse, while advising first-time investors to stay away.

The Guardian - UK · Nov 15, 2022

Why were so many smart people so dumb about FTX? Did they seriously just like Sam Bankman-Fried’s ‘vibe’?

The collapse of the cryptocurrency exchange will cost investors billions. But why would anyone give money to a man who plays video games in important meetings?

Fortune · Nov 15, 2022

FTX has at least 1 million creditors, more than 10 times what it previously claimed

When the exchange filed for bankruptcy on Friday it only mentioned about 100,000 creditors, not the more than 1 million acknowledged on Tuesday.

Axios · Nov 15, 2022

Crypto businesses brace for FTX aftershock

The knock-on effects of the exchange's unwinding are starting to show.

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Fortune · Nov 15, 2022

FTX implosion could shake Gen Z investor confidence in financial markets altogether, warns Ken Griffin

Trust in all financial markets could be rocked, says the founder of the Citadel hedge fund.

Daily Mirror · Nov 15, 2022

Tom Brady cuts ex-wife Gisele Bundchen and his kids from Twitter cover after public divorce

NFL superstar quarterback Tom Brady and model Gisele Bundchen completed their high-profile divorce recently - and the seven-time Super Bowl champion has removed her from his social media profile

Tribune News Service · Nov 15, 2022

FTX failure may strengthen case for more robust crypto regulation

WASHINGTON — The spectacular collapse of major cryptocurrency exchange FTX is prompting calls for stronger regulation in Congress, where some bipartisan proposals are being characterized as too industry friendly.

Fortune · Nov 15, 2022

Berkshire Hathaway's Charlie Munger dunks on crypto once again, saying it’s “good for kidnappers” and “not a real asset”

“Nobody’s gonna say I got some shit that I want to sell you. They say—it’s blockchain!”

Fortune · Nov 15, 2022

This FTX document can only be described as the balance sheet from hell

Everyone is talking about a bizarre financial document circulated by FTX in its final days.

Fortune · Nov 15, 2022

Musk wants to know whether FTX laundered money for the Democrats

Musk needs corporations to feel comfortable advertising their products and services on Twitter for the company to avoid bankruptcy, and catering to the internet’s seedy underbelly does not help.

Los Angeles Times · Nov 15, 2022

Michael Hiltzik: Crypto tycoon Sam Bankman-Fried didn't lose a $16 billion fortune. His 'fortune' was never real

The Greek tragedy unfolding in the financial press over the last week is the story of Sam Bankman-Fried, the would-be cryptocurrency tycoon and political kingmaker whose multibillion-dollar empire has sunk like the Titanic after its encounter with the iceberg.

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