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The Latest Breaking News from Sam Bankman-Fried

Cryptocurrency news - live: Genesis to file for bankruptcy amid ‘major’ US crypto move

Department of Justice officials say they will reveal the news at 12pm in Washington DC

The Independent UK

Crypto exchange Bitzlato’s founder arrested in $700 million laundering scheme

A Russian was charged with money laundering through a cryptocurrency exchange that allegedly masked the proceeds of illegal gambling and drug deals valued at more than $700 million, as the US goes after criminal suspects in the digital space.

The Times of India

Have celebs learned their lesson from the FTX debacle?

Strolling out of a football stadium, Tom Brady makes his pitch for the crypto trading platform FTX.

Los Angeles Times

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3 events that will determine the fate of cryptocurrencies

Cryptocurrencies are reeling after a miserable year that saw the collapse of companies such as FTX. A look at what lies ahead.

WEKU

Bankman-Fried again claims FTX US crypto exchange was solvent

Sam Bankman-Fried, the fallen crypto entrepreneur who faces trial in the United States on fraud charges, reiterated his claim that the FTX US crypto exchange “was and is solvent.”

Tribune News Service

Latest FTX bankruptcy doc details spending $253 million on Bahamian property and $93 million on politicians

The bankrupt crypto exchange hopes to recover billions of dollars in assets.

Fortune

What’s the true value of crypto? It lays bare the lies of libertarians

The downfall of the FTX cryptocurrency exchange proves how much markets need rules, writes Zoe Williams

The Guardian - UK

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Anthony Scaramucci Invests In Former FTX US CEO’s New Company Showing New Interest In Crypto

Skybridge Capital founder Anthony Scaramucci, who was among the featured speakers at Future Of Crypto event.

Zenger

Miami Heat home arena gets temporary name after FTX collapse

The home of the Miami Heat has yet another name: Miami-Dade Arena

The Independent UK

Miami Heat NBA arena gets temporary name after FTX collapse

The home of the Miami Heat has yet another name: Miami-Dade Arena

The Independent UK

Garcia tries to distance himself from indicted crypto mogul Sam Bankman-Fried

Under fire by Mayor Lori Lightfoot, U.S. Rep. Jesus “Chuy” Garcia said he has never met nor spoken to Bankman-Fried and has no idea why he spent $151,420 on direct mail pieces that introduced Garcia to voters of his newly remapped congressional district.

Chicago Sun-Times

JPMorgan is accusing the 30-year old founder of fintech startup Frank of fraud—after paying $175 million for her company

Less than two years after buying Frank, the bank claims that Frank’s management invented numbers it provided during the due diligence process.

Fortune

First Thing: Trump plans tour of presidential campaign events

After slow start, events aim at giving ex-president a narrative reset after being criticized for his ‘low energy’ and inactivity, sources say. Plus, how menopause can destroy mental health

The Guardian - UK

FTX’s Sam Bankman-Fried launches newsletter to defend himself: ‘I didn’t steal funds’

Disgraced cryptocurrency CEO Sam Bankman-Fried launched a newsletter Thursday in his latest attempt to defend himself.

Tribune News Service

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The Guardian - US

Sam Bankman-Fried claims ‘I didn’t steal funds’ in first response to FTX case

Disgraced cryptocurrency boss says FTX customers could get their money back in statement published on Substack

Fortune

Coinbase's relationship with the media has been fraught. Brian Armstrong can fix that

The Coinbase CEO embracing mainstream media could help his company—but also all of crypto.

The Independent UK

Individual creditor names remain secret in FTX bankruptcy

The judge presiding over the bankruptcy of cryptocurrency exchange FTX Trading is allowing the company to maintain a veil of secrecy over the names of individual customers and creditors

The Independent UK

UK investors caught up in FTX collapse make reports to police

The total loss reported was £1.16 million, with the biggest individual loss at £1 million.

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Zenger

Sam Bankman-Fried Fights To Keep Control Of $450M In Robinhood Shares As Creditors Circle

FTX founder Sam Bankman-Fried is facing legal battles as he attempted to keep control of his 56 million shares in the consumer trading app Robinhood Markets Inc (NASDAQ: HOOD), currently worth around $450 million

Fortune

Bitcoin or gold? Beware the ‘malignant tumor,’ says ‘Black Swan’ guru Nassim Nicholas Taleb

"Technology comes and goes, gold stays, at least physically. Once neglected for a brief period, Bitcoin would necessarily collapse.”

The Independent UK

'The money is gone': Bahamas tries to turn page after FTX

At a recent celebration of Christmas in the Bahamas, Bishop Lawrence Rolle sang about a half dozen songs, mostly Afro-Caribbean gospel songs

Zenger

McCarthy Took $2 Million From FTX Crypto Scam Co-Founder

He hasn't said what he intends to do about the money, while other Republicans have turned FTX funds over to the U.S. Treasury.

Fortune

Sam Bankman-Fried's lawyers just filed a claim to keep his $450 million in Robinhood shares, arguing he needs them for legal fees

The disgraced crypto founder, once worth $26.5 billion, said he only has $100,000 in his bank account.

Fortune

Crypto Twitter, mainstream media, and who really exposed FTX

The Washington Post suggests pseudonymous Twitter accounts and Substack writers had an outsize role in exposing FTX.

Fortune

Kathleen Breitman of Tezos on 5 crypto trends that need to die—and 1 big reason for optimism

The downturn of 2022 culled many projects with shaky fundamentals—or that were outright frauds—but 2023 is the year that can reward honest actors in the space.

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