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The Latest Breaking News from Crypto

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

The crypto dominoes in the wake of FTX exchange collapse

It's a classic case of contagion.

Axios

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read the most diverse news in one place.

“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

Mercedes F1 team left in "disbelief" over FTX collapse

Mercedes says it has been left in 'disbelief' over the collapse of its Formula 1 sponsor, the crypto exchange FTX, last week.

Motorsport

FTX case has raised 'serious allegations', says Singapore minister

SINGAPORE: The collapse of crypto exchange FTX has raised "very serious allegations that amount to potential fraud", Singapore's finance minister and deputy prime minister said on Thursday.

Bangkok Post

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

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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

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

Aust crypto exchange suspends withdrawals

Brisbane-based crypto exchange Digital Surge has suspended withdrawals until further notice, citing fallout from the collapse of FTX.

AAP

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

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

Crypto businesses brace for FTX aftershock

The knock-on effects of the exchange's unwinding are starting to show.

Axios

Yuga Labs wants to see more NFTs in museums. Its donating a CryptoPunk to a Miami museum to kick it off

The donation is the first in the company’s Punks Legacy Project which aims to install CryptoPunks in contemporary art museums worldwide.

Fortune

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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.

StockNews.com

Cathie Wood Snatched up These 2 Stocks. Should You?

Despite a recent relief rally in Cathie Wood’s ETFs, more trouble awaits her funds since the Fed seems yet to be done with its rate hikes. Given the fundamental weakness and stretched valuations, it could be wise to avoid stocks Coinbase (COIN) and Rocket Lab (RKLB) that Cathie Wood is…

Reason

Parents Face Criminal Charges Over Children's Tattoos

Plus: a nationwide injunction on student loan forgiveness, Tyson and Holyfield team up on marijuana edibles, government needn't save risky crypto investors from themselves, and more...

Fortune

This FTX document can only be described as the balance sheet from hell

Everyone is talking about a bizarre financial document circulated by FTX in its final days.

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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

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.

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.

The Guardian - UK

TechScape: Inside the $8bn FTX crypto scandal – and its real-world impact

Sam Bankman-Fried was what everyone wanted a crypto billionaire to be – until things began to go very, very wrong

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

Axios

Web3 is in FTX's blast radius

The collapse of a major crypto trading platform will spread mistrust more broadly across blockchain-based projects.

The Guardian - US

China circles El Salvador’s economy as country edges toward crypto plunge

President Nayib Bukele bet on bitcoin and its tumbling value has put the Central American country in a financially precarious spot

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