The Latest Breaking News from Sam Bankman-Fried

“Am I allowed to say a negative number?”

The former CEO tells Axios about what helped lead to FTX's collapse.

In the wake of the collapse of the cryptocurrency exchange FTX, and amid reports that FTX's founder, Sam Bankman-Fried, diverted billions of dollars of clients' funds, some observers have linked the alleged financial malpractice to ideas widely held within the "effective altruism" movement, which Mr Bankman-Fried says inspired him. More…

The former FTX CEO discussed in greater detail donations he made as Democratic Sen. Ron Wyden of Oregon called on crypto exchanges to be more transparent.

Embattled FTX founder was top donor to Democrats in 2022 midterms

WASHINGTON — Congress opted to tread water on legislation that would clarify the agency in charge of the cryptocurrency industry, leaving lawmakers now without a regulator to blame for missing the signs of the FTX collapse this month and facing deep skepticism about some proposals.

Alexander Pack said he and his Dragonfly team met with Alameda executives, including Bankman-Fried, more than a dozen times over a five-to-six-month period from 2018 to 2019.

FTX founder Sam Bankman-Fried’s prominence on Capitol Hill is said to have tainted bills deemed too favorable to the cryptocurrency industry.

City Voices: Crypto still has a great future despite recent scandals

O’Rourke’s campaign said they gave the money back before the company’s scandals became widely public, because they were taken aback by such a large unsolicited donation.

Ironically, the FTX meltdown is the best illustration yet of why the world needs bitcoin.