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The Latest Breaking News from FTX

‘We’ll prove them all wrong.’ Crypto backers defend sector in the wake of FTX crash

Cryptocurrency could survive the current downturn, but even industry backers say regulators need to step in.

Fortune

Sam Bankman-Fried’s $40m Bahamas penthouse reportedly up for sale

Entrepreneur at center of FTX scandal put luxury residence up for sale the same day crypto exchange filed for bankruptcy

The Guardian - US

Binance proposes fund to save crypto from future failures

Cryptocurrency exchange giant Binance is proposing the creation of a rescue fund that would save otherwise healthy crypto companies from failure

The Independent UK

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SoftBank Can't Catch A Break: Fund Invested $100M In FTX

Japanese conglomerate holding company SoftBank is positioned to take a big hit from its investments in bankrupt cryptocurrency exchange FTX. The FTX losses are just the latest in a long string of disastrous investments for SoftBank in recent years that have resulted in billions of dollars of losses.

Benzinga

Miami says goodbye to FTX Arena

The crypto exchange also had sponsorship deals with Major League Baseball and a Formula 1 team, plus agreements with individual athletes.

Fortune

Crypto: what could more regulation mean for the future of digital currencies?

The founder of the world’s largest cryptocurrency exchange, Binance CEO Changpeng Zhao, has called for more regulatory clarity after a week of crypto market chaos and a year in which investors are estimated to have lost US$2 trillion (£1.7 trillion).

The Conversation

Elizabeth Holmes’s sentencing will send a message to tech entrepreneurs—including FTX’s Sam Bankman-Fried

The length of Holmes’s prison term will show how harshly the justice system treats fraud in the industry.

Fortune

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Someone stole $400M from FTX over the weekend. Here’s what we know so far

On Friday night, news began to filter in that hundreds of millions of dollars were flowing out of FTX wallets.

Fortune

The latest on Solana, Serum, other ‘Sam coins’ amid FTX fallout

Solana, Serum, and other “Sam coins” are struggling in the wake of FTX’s implosion.

Fortune

Ethereum's Vitalik Buterin Is Planning This Cryptocurrency Safeguard, Changpeng Zhao Tells Benzinga In Twitter Space

Binance CEO (CRYPTO: BNB) Changpeng Zhao on Monday said Ethereum (CRYPTO: ETH) co-founder Vitalik Buterin is planning to come up with a protocol for exchanges to auto

Benzinga

The downfall of FTX's Sam Bankman-Fried sends shockwaves through the crypto world

Sam Bankman-Fried received huge plaudits and superstar status as the head of cryptocurrency exchange FTX. Now the comments aren't so kind after FTX filed for bankruptcy protection.

WEKU

Have you been affected by the FTX crypto exchange collapse?

We’d like to speak to users who have lost funds

The Guardian - UK

Crypto.com’s sinking token stirs fresh anxiety after FTX wipeout

The one constant in digital assets right now is fear and its latest object is Crypto.com, an exchange whose sponsorship of sports like Formula One racing and the soccer World Cup have popularized its brand.

The Times of India

Bankrupt Crypto Exchange FTX Under Investigation

Plus: Democrats retain control of Senate, RIP Sharon Presley and Martin Wooster, and more...

Reason

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Fortune

How everyone fell for SBF—including me

Too many of us fell for SBF’s great story—and at some point stopped checking references.

Benzinga

Facebook Stalls Portal & Smartwatch Projects, Visa Breaks Debit Card Tie Up With FTX, $3B Bitcoin Withdrawn From Crypto Exchanges: Top Stories Monday, Nov. 14

Reuters

Fortune

Silicon Valley braces for the legal fallout from FTX

With so many affiliated companies, so many creditors, so many customers, and jurisdictions in different countries, one legal expert calls this a “maze of issues.”

Fortune

Binance says 'proof of reserves' can restore trust in the crypto industry. What does that mean?

As the crypto industry faces a crisis of confidence, insiders argue over how to restore trust—and avoid a regulatory crackdown.

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Axios

The week the crypto dream died

FTX, SBF and the week the crypto dream died

The Guardian - UK

FTX crypto king Sam Bankman-Fried subject of new book by Michael Lewis

Bestselling writer Lewis has been shadowing Bankman-Fried as the cryptocurrency founder’s company, FTX, failed

Fortune

Most CFOs never liked crypto—even before FTX's collapse

The fall of one of the largest cryptocurrency exchanges is a finance horror story.

The Guardian - UK

Binance boss says no one can be protected from a ‘bad player’

Changpeng Zhao announces plans for an industry ‘recovery fund’ for struggling crypto firms

The Independent UK

FTX bankruptcy also endangers founder's philanthropic gifts

The rapid collapse of cryptocurrency exchange FTX into bankruptcy last week has also shaken the world of philanthropy, due to the donations and influence of FTX founder Sam Bankman-Fried in the “effective altruism” movement

The Independent UK

AP News Digest 3:40 am

Here are the AP’s latest coverage plans, top stories and promotable content. All times EST. For up-to-the minute information on AP’s coverage, visit Coverage Plan at https://newsroom.ap.org.

ABC News

ASX reverses early gains, Elders plunges on outlook, miners soar as China eases curbs

Australian shares reverse early gains, as China eases some of its strict COVID-19 rules, spurring hopes of a recovery in demand.

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