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The Latest Breaking News from Sam Bankman-Fried

Big Money Floods into Texas Governor’s Race

In total, Beto O’Rourke and Greg Abbott have raised $200 million.

Texas Observer

Inside Sam Bankman-Fried's flirtation with Elon Musk and Twitter

The crypto billionaire ultimately walked away from Musk's deal, after offering to invest billions.

Axios

Ten things Elon Musk's texts reveal about the Twitter deal

A new trove of text messages between Elon Musk and Twitter Inc. executives, close friends, potential investors and Silicon Valley bros sheds light on how a $44 billion deal by the world’s richest person to buy the social media company came about — and ended up in court.

Tribune News Service

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Billionaire Bankman-Fried’s FTX snaps up assets of bankrupt crypto firm Voyager Digital

Voyager had snubbed an earlier offer from FTX to purchase its assets, describing the proposal as a ‘low-ball bid dressed up as a white knight rescue.’

Evening Standard

Voyager Assets, Customer Accounts To Be Acquired By FTX In $1.4B Deal

FTX US, the cryptocurrency exchange led by Sam Bankman-Fried, has won the bid to acquire Voyager Digital (OTC: VYGVQ), the latter said in a statement late Monday.

Benzinga

Top Financial Media Stories Wednesday, September 21: Amazon's Roomba Maker Acquisition Attracts Regulatory Attention, Binance And FTX Bid For Voyager Digital's Assets, Germany Nationalizes Gas Giant Uniper To Avert Energy Crisis And More..

Wall Street Journal

Benzinga

'Everything's Down' In 2022 Not Just Crypto, FTX CEO Bankman-Fried Tells Mooch

Keading cryptocurrencies are not the only investments that are down in 2022, according to FTX CEO and co-founder Sam Bankman-Fried. “Everything’s down this year because dollars are up this year,” Bankman-Fried told SkyBridge Capital founder Anthony Scaramucci at the SALT Conference this week.

Benzinga

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Sam Bankman-Fried Welcomes Comparisons To J.P. Morgan For Crypto Bailouts: 'I Thought Was The Right Thing For The Industry'

FTX CEO Sam Bankman-Fried shared key takeaways from the recent crypto bear market and the bailing out of companies during the time. The CEO also shares what went into what companies to support and being labeled the J.P. Morgan of cryptocurrency.

Benzinga

Maxwell Frost poised to go from Uber driver to first Gen Z member of Congress

ORLANDO, Fla. — At any point over the past year, anyone hailing a ride on Uber in Orlando could have had a future congressman behind the wheel.

Orlando Sentinel

The 30-Year-Old Spending $1 Billion to Save Crypto

Crypto is ailing. Sam Bankman-Fried is betting a billion dollars he can fix it.

Bangkok Post

A young crypto billionaire's political agenda goes well beyond pandemic preparedness

In May, an eccentric 30-year-old cryptocurrency billionaire named Sam Bankman-Fried made a startling proclamation. In a podcast interview, Bankman-Fried said he would spend as much as $1 billion of his estimated $12.8-billion fortune on American politics by the 2024 election, joining the ranks of megadonors such as George Soros and…

Los Angeles Times

'My Family's Future Is Ruined': Dozens Of Voyager Digital Customers Send Letters To Bankruptcy Judge

Jacob spent six years building his cryptocurrency portfolio to 100 Ethereum (CRYPTO: ETH) — worth around $138,000.

Benzinga

Crypto’s brutal week ends with a trading halt and a bailout

The meltdown in cryptocurrency markets deepened this week, as major players contended with liquidations, withdrawal freezes, trading halts -- and, at least in one case, a bailout.

The Times of India

FTX Reportedly Shopping BlockFi At 99.5% Discount, CEO Shoots Down $25M Figure

Imagine it is March 2021, and you’re leading a funding round where you’ve raised $350 million at a $3-billion valuation. Now it’s July 2021, and you’re to raise $500 million at an almost $5 billion valuation.

Benzinga

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Benzinga

Sam Bankman-Fried's FTX Isn't Taking Bad Debt: Walks Away From Celsius Acquisition

FTX CEO Sam Bankman-Fried is taking a bullish stance amid the “great depression” of cryptocurrency. Instead of joining the list of peers hedging losses by slashing workforces by upwards of 20%, FTX is on a mergers and acquisitions tear, acquiring three firms this year alone.

Benzinga

Some Crypto Exchanges Are 'Secretly Insolvent' And 'Too Far Gone,' FTX Chief Tells Forbes

Sam Bankman-Fried, founder and CEO of crypto exchange FTX, warns that some cryptocurrency exchanges may already be insolvent and that failures are imminent.

Chicago Sun-Times

Jonathan Jackson wins 1st District congressional race, Danny Davis leads in 7th

The son of Rev. Jesse Jackson Sr. beat 16 other Democrats, while longtime Congressman Davis defeated a progressive rival.

Benzinga

Robinhood Shares Pop On Takeover Talk, FTX CEO Has This To Say On M&A Chatter

Stock and cryptocurrency platform Robinhood Markets (NASDAQ: HOOD) saw shares surge Monday as it was reported the company could soon be acquired. Here’s the latest.

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Benzinga

Why Coinbase Dipped Lower Following Robinhood Markets News

Coinbase Global Inc (NASDAQ: COIN) shares are trading lower by 10.99% to $55.82 Monday afternoon after Goldman Sachs downgraded the stock from Neutral to Sell and lowered its price target from $70 to $45. Weakness later in the day also came following a report FTX is said to be exploring a deal…

Benzinga

Report Of FTX's Interest In Robinhood Comes 1 Week After This Acquisition

FTX is seeking to acquire Robinhood Markets Inc (NASDAQ: HOOD), Bloomberg reported Monday.

Benzinga

Why Robinhood Markets Shares Are Popping Off Today

Robinhood Markets Inc (NASDAQ: HOOD) shares are trading higher by 14.19% to $9.14 Monday afternoon following a report that FTX is said to be exploring a deal for the company.

Benzinga

Crypto Exchange FTX In Talks To Acquire Stake In BlockFi After Extending $250M Credit Line: Report

The Terra (CRYPTO: LUNA) crash caused the crypto market to plummet more than 67% from its all-time high, brought about individual investors to lose billions of dollars and triggered liquidations of crypto enterprises that could not repay overcollateralized margin loans.

Benzinga

A Crypto Phone? The Company Behind This Leading Cryptocurrency Is Launching One

Technology giants such as Apple Inc (NASDAQ: AAPL) and Samsung may have competition in the mobile phone market soon. A leading blockchain company announced a new mobile phone coming in 2023.

Chicago Sun-Times

Crypto PAC money boosting Jonathan Jackson’s bid for Congress now totals more than $1 million

New FEC filings reveals Jackson is being boosted with $1,041,899 in outside money for ads and direct mail in the closing days of the 1st Congressional District campaign.

Tribune News Service

Crypto-linked super PACs boost spending on primary races

WASHINGTON — Super PACs with ties to the cryptocurrency industry have spent at least $31.2 million in primary races ahead of this year’s midterms, with most of the money coming from a handful of executives at just one company.

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