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The Latest Breaking News on Crypto

Sam Bankman-Fried will now reverse his decision to fight extradition to the U.S.: Report

The FTX founder was arrested on Monday in the Bahamas and denied bail, with the judge deeming him a flight risk.

Fortune

Exclusive-Sam Bankman-Fried to reverse decision on contesting extradition

Former FTX Chief Executive Sam Bankman-Fried is expected to appear in court in the Bahamas on Monday to reverse his decision to contest extradition to the United States, where he faces fraud charges, a person familiar with the matter said on Saturday.

Reuters

Why were the media hypnotised by Sam Bankman-Fried?

Credulous or ignorant interviewers made it easier for the disgraced crypto wunderkind to pull the wool

The Guardian - UK

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Crypto's ties to sports raise ethical questions

Sports fans who view their favorite players as role models might think twice before taking their financial advice, too

The Independent UK

Crypto miner 'stole electricity worth B10 million'

A cryptocurrency miner running 223 computers stole some 10 million baht worth of electricity over a one-year period, the Metropolitan Electricity Authority (MEA) says.

Bangkok Post

In balmy Puerto Rico, diehards shrug off the crypto winter: ‘We’re not worried’

Blockchain aficionados have long flocked to the island for its favorable tax laws. But as the industry wobbles, local residents are pushing back

The Guardian - US

Fraud, cons and Ponzi schemes: did Sam Bankman-Fried use Madoff tactics?

The fallen crypto mogul is fighting off accusations he followed a similar playbook to Madoff – and deceived investors in the process

The Guardian - US

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The Weekly Wrap for Saturday, 17 December 2022

This man needs little introduction. He's a scoundrel who drank his own bath water. A gambling exemplar of modern techno-capitalism. And if we lived in a just society, Sam Bankman-Fried would be TIME magazine's Person of the Year.

inkl Originals

More Texans give away campaign donations from Sam Bankman-Fried and other FTX affiliates

Earlier this month, The Texas Tribune reported that Beto O’Rourke had given back a $1 million donation that Bankman-Fried had donated to his campaign.

The Texas Tribune

Democrats set aside donations from ex-FTX CEO Bankman-Fried

The three primary committees charged with electing Democrats are setting aside more than $1 million in donations from disgraced crypto mogul Samuel Bankman-Fried this election cycle

The Independent UK

US regulators warn about risks of deeper crypto-Wall Street ties

The top U.S. financial regulators are worried about the prospect of deeper ties between digital-asset firms and Wall Street.

Tribune News Service

US trustee, media challenging secrecy in FTX bankruptcy

Attorneys for the U.S. bankruptcy trustee and several major media outlets are challenging an effort by cryptocurrency exchange FTX to withhold names of the company’s customers and creditors from the public

The Independent UK

Watchdog orders suspension of two peers over ‘cash for parliamentary advice’

Earl of Shrewsbury and Mary Goudie took thousands of pounds to help and promote firms, reports find

The Guardian - UK

Binance auditor withdraws from working with crypto company

World’s largest cryptocurrency exchange, which has been hit by $6bn of withdrawals this week, seeks replacement for Mazars

The Guardian - UK

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The Guardian - UK

From Musk to Truss, 2022 was the year reckless populists came crashing down to Earth

Revolutionaries who claim to bring down corrupt systems have proved that orthodoxy exists for a reason, says Guardian columnist Gaby Hinsliff

WEKU

Binance was once FTX's rival and possible savior. Now it's trying not to be its sequel

Binance temporarily froze withdrawals after customers withdrew more than $1 billion worth of crypto on Tuesday, fueling fears more crypto companies could collapse.

The Times of India

Twitter suspends prominent journalists covering Elon Musk

SAN FRACISCO: Twitter Inc suspended the accounts of upstart rival service Mastodon and several prominent journalists covering the social network’s billionaire owner Elon Musk.

ABC News

Conman Richard Ayoub jailed over multimillion-dollar scam targeting retirees

American Richard Ayoub lived in "expensive accommodation" in inner Sydney, shopped at Gucci and paid private school fees for his son, a court hears.

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news in one place.

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AAP

Retiree investment scammer jailed

An American man who was involved in defrauding more than a dozen retirees out of $3.5 million in an investment scam has been jailed by a Sydney judge.

The Independent UK

Lawmakers quick to unload FTX founder's contributions

Lawmakers who eagerly accepted piles of cash from Samuel Bankman-Fried now can’t move fast enough to offload contributions from the disgraced crypto mogul to anywhere but their own campaign coffers

Tribune News Service

FTX political contributions flowed to Texans in both parties in 2022 midterm elections

WASHINGTON — Two super PACs associated with disgraced cryptocurrency tycoon Samuel Bankman-Fried pumped more than $2.7 million into a Dallas congressional race, helping Democrat Jasmine Crockett top a crowded primary field and coast to election last month.

Edinburgh Live

Edinburgh Airbnb crackdown delay branded 'shameful' by council leader

The deadline for applications to get a licence for holiday lets has been pushed back to October of next year, amid concerns about the impact during the cost of living crisis.

The Guardian - US

Seth Meyers on Sam Bankman-Fried: ‘A guy who looks the way Cheeto dust smells’

Late-night hosts discuss Sam Bankman-Fried’s arrest for alleged FTX fraud, Ron DeSantis’s vaccine conspiracies and Elon Musk’s Twitter not paying rent

The Guardian - UK

Crypto was meant to solve financial corruption. The FTX scandal shows it’s got worse

The collapse of FTX should provide a wake-up call to Rishi Sunak, who has been singing the praises of cryptocurrencies, says academic and author David A Banks

Orlando Sentinel

Frost says he’ll give Bankman-Fried campaign contribution to charity

ORLANDO, Fla. — Maxwell Frost, Orlando’s Democratic congressman-elect, took to social media to explain his connection to Sam Bankman-Fried, the indicted founder of cryptocurrency exchange FTX.

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