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The Latest Breaking News on Crypto

New FTX CEO says lax oversight, bad decisions caused failure

The new CEO of the cryptocurrency exchange FTX is appearing before a House committee Tuesday, detailing for lawmakers the lack of oversight and financial controls that he discovered since taking over the company a month ago

The Independent UK

Who Sam Bankman-Fried was going to blame for FTX’s collapse – until his arrest

Founder and CEO of cryptocurrency exchange could not appear before Congress

The Independent UK

Former FTX CEO Bankman-Fried hit with 8-count indictment

Former CEO Sam Bankman-Fried is accused of raising more than $1.8 billion from equity investors since May 2019 by promoting FTX as a safe, responsible platform for trading crypto assets. Instead, the complaint says, Bankman-Fried diverted customers’ money into his privately-held crypto fund without…

Chicago Sun-Times

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Sam Bankman-Fried and other FTX staff allegedly had ‘Wirefraud’ chat group

Chat group on the platform Signal was reportedly used to send end-to-end encrypted information about FTX and its hedge fund

The Guardian - US

Sam Bankman-Fried charged with fraud as first congressional hearing closes – as it happened

US Congress commences hearing on the collapse of the cryptocurrency exchange, less than 24 hours after its former chief executive was arrested

The Guardian - US

Sam Bankman-Fried charged with criminal fraud and money laundering

He was arrested Monday by Bahamas police and is expected to be extradited to the U.S.

Axios

FTX's Sam Bankman-Fried Used Customer Assets to Fund Political Donations, Says SEC

Plus: moral panic about department stores, the obvious cause of homelessness, and more...

Reason

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Biden signs bill protecting same-sex and interracial marriage rights – as it happened

President signs Respect for Marriage Act into law and says love is the ‘antidote’ to discrimination

The Guardian - US

SEC says Bankman-Fried defrauded investors of $1.8 billion

FTX co-founder Sam Bankman-Fried was accused by U.S. regulators of carrying out a multi-year scheme to defraud investors.

Tribune News Service

FTX founder Sam Bankman Fried charged by SEC with defrauding investors

The former CEO was accused of having ‘built a house of cards on a foundation of deception’

Evening Standard

Sam Bankman-Fried accused of fraud by SEC ahead of criminal charges

SBF was arrested on Monday night in the Bahamas at the request of U.S. authorities.

Axios

SEC charges disgraced crypto boss Sam Bankman-Fried with defrauding FTX investors

The charges arrive less than a day after US officials announced the disgraced crypto baron had been arrested in The Bahamas

The Independent UK

FTX founder Sam Bankman-Fried charged with defrauding investors

SEC says investigation into other alleged misconduct by former CEO of cryptocurrency exchange is ongoing

The Guardian - UK

SEC charges former FTX CEO with defrauding crypto investors

The U.S. Securities and Exchange Commission has charged the former CEO of failed cryptocurrency firm FTX with orchestrating a scheme to defraud investors

The Independent UK

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Evening Standard

Jitters spread around crypto market amid FTX founder arrest

Crypto exchange Binance has sought to reassure customers it had enough reserves

France 24

Sam Bankman-Fried, founder of failed crypto exchange FTX, arrested in Bahamas

Sam Bankman-Fried, the disgraced head of once-leading cryptocurrency trading platform FTX, is to be extradited to the US after being arrested in the Bahamas. US prosecutors have yet to unseal the indictment against 30-year-old Bankman-Fried, who became a billionaire during the cryptocurrrency boom. In this edition, we take a closer…

Daily Mirror

Bankrupt 'crypto king' charged in Bahamas after FTX collapse sees him lose £27billion

The former CEO of failed crypto firm FTX which obliterated millions of pounds of people's money, Sam Bankman-Fried, has been arrested in the Bahamas and will soon be extradited to the US

Evening Standard

Sam Bankman-Fried: Founder of collapsed FTX crypto exchange arrested in the Bahamas

Bankman-Fried is under criminal investigation by US and Bahamian authorities following the collapse last month of FTX

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news in one place.

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The Independent UK

Elon Musk mocked over tweet predicting ‘Dem donor’ Sam Bankman-Fried would never be arrested

Twitter owner mocked on his platform after failed prediction from a month ago

The Guardian - AU

Sam Bankman-Fried has been arrested. What happens next to the FTX founder?

The former CEO has been arrested in the Bahamas, a day before he was due to appear at a House committee hearing on the collapse of the cryptocurrency exchange

Wales Online

FTX cryptocurrency founder Sam Bankman-Fried arrested in the Bahamas

His firm filed for bankruptcy last month when customers were unable to withdraw their money

The Independent UK

Sam Bankman-Fried news – FTX founder charged with wire fraud, money laundering after Bahamas arrest

FTX founder was arrested in The Bahamas late Monday night after weeks of financial chaos that took down world’s third-largest cryptocurrency exchange

Al Jazeera

Timeline: The rise and spectacular fall of FTX

The crypto exchange was founded in 2019 and attracted big-name investors such as Singapore’s sovereign fund Temasek.

Chicago Sun-Times

Former FTX CEO Sam Bankman-Fried arrested in the Bahamas

The arrest was made Monday after the U.S. filed criminal charges that are expected to be unsealed Tuesday, according to U.S. Attorney Damian Williams. Bankman-Fried had been under criminal investigation by U.S. and Bahamian authorities following the collapse last month of FTX.

Tribune News Service

Sam Bankman-Fried arrested in Bahamas as US files FTX charges

Sam Bankman-Fried, the disgraced co-founder of digital-asset exchange FTX, was arrested in the Bahamas after the US government filed a criminal indictment, following weeks of speculation that client funds were misused before his empire’s collapse.

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