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The Latest Breaking News from Sam Bankman-Fried

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

The Independent UK

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.

Fortune

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

The Guardian - UK

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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

Evening Standard

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

Newsroom.co.nz

Warren pushes bipartisan bill to regulate crypto firms after FTX collapse

Move co-sponsored by Republican Roger Marshall aims to crack down on money laundering after arrest of Sam Bankman-Fried

The Guardian - US

Binance founder insists ‘business as usual’ after $1bn pulled out in a day

Changpeng Zhao calls withdrawals a ‘stress test’ as investors continue to react to FTX collapse

The Guardian - UK

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Everyone has had enough of Gary Gensler

The SEC chair’s publicity antics have worn thin. The industry deserves a real regulator.

Fortune

FTX’s venture investments in limbo with SBF in custody and prosecutors and lawyers circling crumbs of his crypto empire

The SEC claims Sam Bankman-Fried used FTX customer funds to make venture investments.

Fortune

Crypto: The white male privilege scam

The downfall of Sam Bankman-Fried serves as a reminder of how many white male "geniuses" are just full of crap

Salon

Sam Bankman-Fried: Arrested crypto exchange boss hugs parents as he is denied bail on fraud charges

Former cryptocurrency exchange entrepreneur Sam Bankman-Fried hugged his parents as he was denied bail after being charged with “one of the biggest financial frauds in American history”.

Evening Standard

Who is Sam Bankman-Fried and why was the FTX founder arrested in the Bahamas?

The former ’King of Crypto’ is currently behind bars

Evening Standard

Sam Bankman-Fried faces up to 115 years' prison if convicted on FTX fraud

WASHINGTON: Sam Bankman-Fried faces up to 115 years in prison if he’s convicted on all eight charges filed by the US Department of Justice on Tuesday — though he’s unlikely to be sentenced to that long a term.

The Times of India

"Dirty money": Unpacking the campaign finance charges against Sam Bankman-Fried

It's a significant footnote in what prosecutors are calling "one of the biggest financial frauds in American history."

Axios

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Chicago Sun-Times

Lightfoot supporter questions indicted crypto billionaire’s donation to Garcia

State Rep. Kelly Cassidy (D-Chicago) questioned Samuel Bankman-Fried’s motives for spending $151,420 on direct mail pieces for Chuy Garcia’s congressional reelection.

The Guardian - US

Five things we know about the collapse of FTX and Sam Bankman-Fried

Company founder was arrested and charged with running a ‘house of cards’ in ‘one of the biggest financial frauds in US history’

Fortune

‘Uniquely destined to fail’: New FTX CEO describes to Congress mess left behind by SBF

FTX CEO John Ray III was the sole witness during the House Financial Services Committee hearing.

Fortune

Prosecutors give a stark warning to other crypto platforms in the wake of the SBF indictment and call it 'one of the biggest financial frauds in American history'

Federal prosecutors warn crypto companies to get in line, lest Sam Bankman-Fried and FTX’s fate befall them.

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ABC News

Sam Bankman-Fried promised his FTX crypto empire would save the world. US authorities say he was lying from the start

Sam Bankman-Fried insists the collapse of $32 billion crypto empire is the result of bad accounting, human error and rotten luck. US authorities say it was a "massive, years-long fraud".

Fortune

Former FTX CEO Sam Bankman-Fried was arrested, and the memes can barely keep up

The 30-year-old crypto entrepreneur likely will be extradited to the U.S.

Tribune News Service

Silvergate Capital faces questions from lawmakers amid FTX crypto exchange collapse

San Diego's Silvergate Capital made its name in recent years as one of a few traditional banks providing deposit, fund transfer, security and other services for the cryptocurrency trading market.

The Independent UK

US lawmakers slam timing of arrest of FTX boss Sam Bankman-Fried

Republican says House GOP ‘was ready to grill him six ways to Sunday’

Daily Mirror

Inside wild life of polyamorous 'Crypo king' who lost $32billion in FTX collapse

Sam Bankman-Fried went from a multi-billionaire to destitute overnight when his cryptocurrency exchange FTX collapsed after it was revealed billions were being funnelled into another of his companies

Zenger

FTX Co-Founder Sam Bankman-Fried To Testify In Front Of US House Financial Committee

Bankrupt cryptocurrency exchange FTX’s co-founder Sam Bankman-Fried announced on Friday that he will testify before Congress

The Independent UK

New FTX CEO says lax oversight, bad decisions caused failure

The new CEO of the cryptocurrency exchange FTX is appearing before a House committee Tuesday, detailing for lawmakers the lack of oversight and financial controls that he discovered since taking over the company a month ago

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