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The Latest Breaking News from Sam Bankman-Fried

Senate Banking Committee: Sam Bankman-Fried will be subpoenaed if he doesn’t agree to attend FTX hearing

After weeks of waffling, the disgraced FTX founder faces an ultimatum.

Fortune

FTX founder Bankman-Fried facing market rigging probe: Report

Investigation is focused on whether Bankman-Fried manipulated the market for two cryptocurrencies, New York Times says.

Al Jazeera

Maxine Waters and SBF. It's complicated

Rep. Maxine Waters is asking Sam Bankman-Fried to testify before Congress—if he does, the encounter could make them both uncomfortable

Fortune

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FTX held talks with Taylor Swift over $100mn sponsorship deal

Negotiations between singer-songwriter and Sam Bankman-Fried’s crypto group collapsed this spring

Financial Times

Commentary: What Sam Bankman-Fried’s grungy T-shirt reveals about genius and gender

Is slovenliness an index of genius? This is one of the questions raised by the downfall of “crypto wunderkind” Sam Bankman-Fried, or SBF, as he is known.

Los Angeles Times

The crypto billionaire who helped expose SBF's insolvency calls him 'one of the greatest fraudsters in history' and accuses media and thought leaders of being manipulated

Binance CEO CZ is speaking out against SBF after FTX’s collapse and arguing he had nothing to do with his rival’s downfall.

Fortune

'Ripping the bandaid'—Solana cofounders talk SBF, FTX, and what comes next

“We've always heard really negative criticism about FTX’s involvement in the ecosystem and that concentration of ownership stake," Solana cofounder Raj Gokal told Fortune. "So, it feels like ripping the bandaid.”

Fortune

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Stanford law professors are entangled in Sam Bankman-Fried’s FTX mess—and SBF’s father withdrew from an upcoming class

Bankman-Fried’s father—and his colleague—are reportedly consulting with the disgraced founder of the crypto exchange, who was raised on the prestigious university’s campus.

Fortune

Commentary: Sam Bankman-Fried is not an effective altruist

It’s an unfortunate thing that the fiery collapse of the crypto exchange FTX is giving many people their first look at one of the most promising charitable movements of the last decade. It’s called effective altruism, or EA, and in recent years, disgraced FTX founder Sam Bankman-Fried, known as SBF,…

Chicago Tribune

Bronx Rep. Ritchie Torres introduces crypto legislation

At a Monday press conference, Torres compared SBF to Bernie Madoff and voiced concerns about Tether.

Fortune

Disgraced crypto executive Sam Bankman-Fried spent big in 2 California congressional races

LOS ANGELES — During her campaign for the U.S. House of Representatives this spring, then-state Sen. Sydney Kamlager was endorsed by a little-known nonprofit called Guarding Against Pandemics.

Los Angeles Times

Musk supports idea of SBF going to jail over FTX collapse

Both the Department of Justice and the SEC are reported to be investigating FTX's downfall.

Fortune

Don't call FTX's collapse a 'run on the bank'

Some media outlets are echoing SBF's claim that FTX's collapse was like a "run on the bank." Don't buy it.

Fortune

Meet the power players trying to make FTX customers whole

Rishi Jain, a managing director at a private equity consulting company, has been placed in charge of what’s left of FTX Ventures.

Fortune

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St. Louis Post-Dispatch

Editorial: The FTX saga is hard to understand, but the greed behind it isn't

Back in 2001, precious few Americans could have explained what Houston-based Enron did as a company and how it got so spectacularly wealthy. But when it filed for a record-breaking bankruptcy, Americans got schooled fast about not putting their trust and money behind swaggering, fast-talking con artists. But fools and…

Al Jazeera

FTX’s Bankman-Fried says he will testify before US Congress

FTX founder says he will testify when he has ‘finished learning and reviewing’ collapse of cryptocurrency exchange.

Fortune

Sam Bankman-Fried’s ‘I screwed up’ messaging is about lawsuits and penalties vs. jail, says U.S. securities lawyer

FTX founder Sam Bankman-Fried “steered clear of anything that sounded like intentional misconduct,” said U.S. securities lawyer James Murphy.

Bangkok Post

Crypto's path to deep crisis is well-worn

Swiftly rising interest rates have punctured the cryptocurrency bubble, exposing fragility, bad governance and even fraud in many corners, most notably at the crypto exchange FTX. And FTX's spectacular collapse comes on the heels of other recent failures in the cryptosphere, such as Terra-Luna, Three Arrows Capital or Voyager Digital.…

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Axios

FTX's Sam Bankman-Fried: "I screwed up"

"I had a responsibility here and a responsibility to be on top of what was going on the exchange. I wish I had done much better at that."

The Guardian - UK

Longtermism: how good intentions and the rich created a dangerous creed

Tech billionaires seem intent on giving away a lot of money. But are those who support ‘longtermism’ and ‘effective altruism’ ignoring the very real problems of today?

Fortune

Coinbase CEO Brian Armstrong says it’s ‘baffling’ FTX’s Sam Bankman-Fried isn’t ‘in custody already’

“There’s a very open and shut case for fraud,” said Armstrong, adding it’s “bizarrre” the media isn’t calling Bankman-Fried a “criminal.”

Fortune

Former FTX users say the failed crypto exchange was a 'Ponzi scheme.' Here's how Ponzis work

SBF, as Bankman-Fried was often called, says he didn’t commit fraud. But bankruptcy specialists say the findings so far are ‘pretty devastating.’

Zenger

Bankman-Fried Takes Accountability For The Fall Of FTX In An Interview With Good Morning America

FTX co-founder and former CEO Sam Bankman-Fried is now being labeled a criminal after coming under scrutiny amid bankruptcy.

ABC News

Sam Bankman-Fried's FTX empire was meant to revolutionise cryptocurrency and save the world. It didn't

By the time his bank account hit zero, the man who insisted he would one day be the "world's first trillionaire" had left only a trail of destruction in his wake.

Fortune

Meet the VC who was a ‘horror story’ for Sam Bankman-Fried and why he passed on investing in Alameda Research

Alexander Pack of Hack.VC told Fortune about the warning signs he saw in SBF and his quant firm Alameda Research years ago.

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