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The Latest Breaking News from Sam Bankman-Fried

Fraud, cons and Ponzi schemes: did Sam Bankman-Fried use Madoff tactics?

The fallen crypto mogul is fighting off accusations he followed a similar playbook to Madoff – and deceived investors in the process

The Guardian - US

The Weekly Wrap for Saturday, 17 December 2022

This man needs little introduction. He's a scoundrel who drank his own bath water. A gambling exemplar of modern techno-capitalism. And if we lived in a just society, Sam Bankman-Fried would be TIME magazine's Person of the Year.

inkl Originals

More Texans give away campaign donations from Sam Bankman-Fried and other FTX affiliates

Earlier this month, The Texas Tribune reported that Beto O’Rourke had given back a $1 million donation that Bankman-Fried had donated to his campaign.

The Texas Tribune

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Democrats set aside donations from ex-FTX CEO Bankman-Fried

The three primary committees charged with electing Democrats are setting aside more than $1 million in donations from disgraced crypto mogul Samuel Bankman-Fried this election cycle

The Independent UK

Is Binance okay? Events this week had the crypto industry on edge

The crypto market jitters about Binance this week were likely overblown—but there are still reasons to be concerned about the health of the world's biggest crypto exchange.

Fortune

From Musk to Truss, 2022 was the year reckless populists came crashing down to Earth

Revolutionaries who claim to bring down corrupt systems have proved that orthodoxy exists for a reason, says Guardian columnist Gaby Hinsliff

The Guardian - UK

The biggest deals, scandals, bets, and M&A breakups from a truly memorable year

All the notable deal news as told through a year of Term Sheets.

Fortune

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Bankman-Fried made Agriculture panel members focus of campaign support

Sam Bankman-Fried and other FTX employees put House and Senate Agriculture panel members at the focus of campaign spending and donations.

Roll Call

Binance was once FTX's rival and possible savior. Now it's trying not to be its sequel

Binance temporarily froze withdrawals after customers withdrew more than $1 billion worth of crypto on Tuesday, fueling fears more crypto companies could collapse.

WEKU

Shaq distances himself from crypto, despite once being a paid spokesperson for FTX

“A lot of people think I’m involved, but I was just a paid spokesperson for a commercial,” O’Neal said, referring to his association with the failed cryptocurrency exchange FTX.

Fortune

Lawmakers quick to unload FTX founder's contributions

Lawmakers who eagerly accepted piles of cash from Samuel Bankman-Fried now can’t move fast enough to offload contributions from the disgraced crypto mogul to anywhere but their own campaign coffers

The Independent UK

FTX political contributions flowed to Texans in both parties in 2022 midterm elections

WASHINGTON — Two super PACs associated with disgraced cryptocurrency tycoon Samuel Bankman-Fried pumped more than $2.7 million into a Dallas congressional race, helping Democrat Jasmine Crockett top a crowded primary field and coast to election last month.

Tribune News Service

At the Races: Virginia is for voters - Roll Call

The CQ Roll Call newsroom tracks campaigns nationwide, sharing the best stories, with some extras, in the At the Races newsletter.

Roll Call

Seth Meyers on Sam Bankman-Fried: ‘A guy who looks the way Cheeto dust smells’

Late-night hosts discuss Sam Bankman-Fried’s arrest for alleged FTX fraud, Ron DeSantis’s vaccine conspiracies and Elon Musk’s Twitter not paying rent

The Guardian - US

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The Guardian - UK

Crypto was meant to solve financial corruption. The FTX scandal shows it’s got worse

The collapse of FTX should provide a wake-up call to Rishi Sunak, who has been singing the praises of cryptocurrencies, says academic and author David A Banks

Orlando Sentinel

Frost says he’ll give Bankman-Fried campaign contribution to charity

ORLANDO, Fla. — Maxwell Frost, Orlando’s Democratic congressman-elect, took to social media to explain his connection to Sam Bankman-Fried, the indicted founder of cryptocurrency exchange FTX.

The Guardian - UK

FTX ally warned authorities days before Bankman-Fried arrest

Ryan Salame told the Bahamian securities commission that funds were being used improperly

Axios

FTX charges may do little to bring law to crypto Wild West

Charges largely center on straightforward fraud allegations, rather than getting crypto specific.

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The Independent UK

VIDEO FOR YOU: Senate Democrats take aim at cryptocurrency

EDITORS/NEWS DIRECTORS:

Bangkok Post

Investors desert Binance

Thai cryptocurrency pundits are recommending investors withdraw digital assets from Binance amid a run on the world's largest crypto exchange, moving their money to a safer crypto exchange in Thailand regulated by the Securities and Exchange Commission (SEC).

The Independent UK

Senate crypto hearing yields big claims, possible regulation

Whether increased regulation would have prevented the spectacular collapse of cryptocurrency exchange FTX was fiercely debated at a hearing of the Senate’s banking committee Wednesday

Fortune

Star-studded Senate hearing illustrates massive divide over crypto in D.C.

Without Sam Bankman-Fried in attendance, senators focused on the future of the volatile industry.

The Guardian - UK

Bitcoin has rallied. What are crypto’s true believers still smoking?

FTX’s filing for bankruptcy was an existential event – and may signal the moment when grown-up thinking re-entered the room

Evening Standard

Sam Bankman-Fried: the crypto pioneer behind one of the largest financial frauds in history

The 30-year-old is facing decades in jail after being found guilty of fraud. So how did the FTX founder end up here? Amy Francombe reports

Newsroom.co.nz

Explainer: cryptocurrency and cryptocurrency exchanges

Almost all cryptocurrencies have declined significantly this year but this doesn’t seem to be putting people off, writes Alex Sims

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