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The Latest Breaking News from Sam Bankman-Fried

FTX latest: Bankruptcy lawyers accuse SBF of undermining case

Sam Bankman-Fried is undermining efforts to reorganize his crumbling empire with “incessant and disruptive tweeting,” US lawyers for the bankrupt crypto platform FTX said in a court filing.

Tribune News Service

Dramatic collapse of the cryptocurrency exchange FTX contains lessons for investors but won't affect most people

In the fast-paced world of cryptocurrency, vast sums of money can be made or lost in the blink of an eye. In early November 2022, the second-largest cryptocurrency exchange, FTX, was valued at more than US$30 billion. By Nov. 14, FTX was in bankruptcy proceedings along with more than 100…

The Conversation

“This is fraud:” Coinbase CFO says of FTX as more crypto fintechs get caught in contagion

Alesia Haas is trying to assure consumers that FTX was merely a bad actor and is not representative of the whole industry.

Fortune

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How to raise $2 billion with a sloppy Excel spreadsheet

Sam Bankman-Fried's homespun FTX fundraising documents show disorganization.

Fortune

FTX bankruptcy is bad news for the charities that crypto mogul Sam Bankman-Fried generously supported

FTX, an exchange for trading cryptocurrencies, quickly became bankrupt and defunct in November 2022. Its founder, Sam Bankman-Fried, is broke, and the 30-year-old former billionaire could be in serious legal trouble for his alleged financial improprieties. The Conversation asked Brian Mittendorf, an accounting scholar at The Ohio State University, to…

The Conversation

FTX's disgraced founder SBF still thinks he can rebuild his bankrupt crypto empire and make customers whole

The 30-year-old who fashioned himself as an altruist claimed FTX was not in a balance sheet crisis with its very solvency at risk, merely a liquidity crisis.

Fortune

For embattled FTX founder Sam Bankman-Fried, incompetence could be a legal strategy

If federal authorities want to pursue criminal charges, they'll have to prove intent, experts say.

Axios

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Elizabeth Holmes' attorneys paint a dark picture of venture capital as her sentencing looms

An “ardently resilient optimist” can actually do a lot of damage.

Fortune

FTX’s former CEO claims crypto exchange is still solvent

Sam Bankman-Fried makes statement even as new boss begins formal bankruptcy process

The Guardian - UK

Size, scope of FTX failure gets clearer as users fear worst

Just days after cryptocurrency’s third-largest exchange collapsed, the public is starting to get a feel of how messy FTX’s bankruptcy case could be

The Independent UK

Exclusive: Leaked documents Sam Bankman-Fried used for fundraising in 2021 and 2022 show FTX revenue soared nearly 6,600% in two years but leveled off this year

Fortune reviewed two sets of spreadsheets, one dated December 2021 and another dated June 22, 2022, that showed FTX's astounding growth before its sudden crash.

Fortune

Politicians spurn contributions from bankrupt crypto exchange FTX and its former CEO Sam Bankman-Fried

SBF had donated close to $40 million in the 2021–2022 cycle, according to OpenSecrets.

Fortune

Why the collapse of Sam Bankman-Fried's FTX has split A.I. researchers

The close ties between A.I. and the 'Effective Altruism' movement that Bankman-Fried belonged to, are now in the spotlight.

Fortune

Crypto's biggest player says most people shouldn't invest in crypto right now

Binance's CZ calls on the crypto community to help 'rebuild' after FTX collapse, while advising first-time investors to stay away.

Fortune

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The Guardian - UK

Why were so many smart people so dumb about FTX? Did they seriously just like Sam Bankman-Fried’s ‘vibe’?

The collapse of the cryptocurrency exchange will cost investors billions. But why would anyone give money to a man who plays video games in important meetings?

Fortune

FTX has at least 1 million creditors, more than 10 times what it previously claimed

When the exchange filed for bankruptcy on Friday it only mentioned about 100,000 creditors, not the more than 1 million acknowledged on Tuesday.

Tribune News Service

FTX failure may strengthen case for more robust crypto regulation

WASHINGTON — The spectacular collapse of major cryptocurrency exchange FTX is prompting calls for stronger regulation in Congress, where some bipartisan proposals are being characterized as too industry friendly.

Fortune

Musk wants to know whether FTX laundered money for the Democrats

Musk needs corporations to feel comfortable advertising their products and services on Twitter for the company to avoid bankruptcy, and catering to the internet’s seedy underbelly does not help.

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Los Angeles Times

Michael Hiltzik: Crypto tycoon Sam Bankman-Fried didn't lose a $16 billion fortune. His 'fortune' was never real

The Greek tragedy unfolding in the financial press over the last week is the story of Sam Bankman-Fried, the would-be cryptocurrency tycoon and political kingmaker whose multibillion-dollar empire has sunk like the Titanic after its encounter with the iceberg.

Fortune

The biggest and fastest net-worth losses of our time

While Sam Bankman-Fried lost his whole fortune last week, he's not the first billionaire to see a dramatic drop in net worth.

Fortune

How is SBF coping with losing $16 billion and the possibility of prison? He’s playing video games and posting cryptic tweets

The disgraced founder of FTX was “surprisingly calm” in a recent interview.

Roll Call

FTX failure may strengthen case for more robust crypto regulation - Roll Call

Lawmakers say the collapse of FTX should strengthen the case for Congress to pass legislation to regulate the cryptocurrency industry.

Fortune

Sam Bankman-Fried's effective altruism may have been his downfall

“I wanted to get rich, not because I like money but because I wanted to give that money to charity,” Sam Bankman-Fried once said.

The Guardian - US

Sam Bankman-Fried was hailed as a crypto wonder child. What happened?

Bankman-Fried promoted himself as an eccentric genius. In reality, his image was a distraction from what was going on inside FTX

WEKU

FTX made a cryptocurrency that brought in millions. Then it brought down the company

The now-bankrupt cryptocurrency exchange FTX made real money off of its own digital currency, called FTT. That currency is practically worthless now, but investors continue to trade it.

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