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The Latest Breaking News from FTX

FTX Foundation Disturbing Initiatives Exposed In Lawsuit, Including Plans To Buy Micronesian Island

Lawsuit reveals FTX's questionable schemes, including constructing a bunker and exploring human genetic enhancement

Zenger

Crypto Exchange FTX Seeks To Exclude Dubai Subsidiary From US Restructuring

FTX argues Dubai branch's lack of business activities makes it unlikely to revive operations.

Zenger

Whatever happened to Katie Haun and her $1.5 billion crypto fund?

The former prosecutor-turned-VC launched a $1.5 billion crypto firm right before the industry blew up. Here’s how it’s going a year later.

Fortune

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Alameda’s Shadow Over Bald Memecoin? Crypto Researcher Digs Out Possible Links

There might be a possible connection between the Bald memecoin and Alameda Research, a prominent cryptocurrency trading firm.

Zenger

FTX 2.0 ‘Worse Than Starting From Scratch’, Says Crypto Expert

Jesse Powell on Wednesday voiced his skepticism about the proposed restructuring plan for beleaguered FTX.

Zenger

FTX founder Sam Bankman-Fried's lawyers say attempt to jail him before trial is wrong

Lawyers for FTX founder Sam Bankman-Fried say prosecutors are wrong to seek his detention prior to trial because their arguments are based on “innuendo, speculation, and scant facts.”

The Independent UK

FTX Unveils Restructuring Plan To Revive As Offshore Entity

Proposed plan includes resolution of claims, recovery pools, and potential restart of offshore exchange.

Zenger

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Campaign finance charge dropped from case against Sam Bankman-Fried

Prosecutors have withdrawn a campaign finance charge from eight counts among charges FTX founder Sam Bankman-Fried will face at an October trial

The Independent UK

How Matt Damon and a fairytale sent The O.C.’s Ben McKenzie down the crypto rabbit hole

EXCLUSIVE: Actor-turned-investigative journalist Ben McKenzie tells Bevan Hurley that cryptocurrency is one giant scam fuelled by greed, manipulation and many of his fellow Hollywood stars

The Independent UK

US judge tightens Bankman-Fried’s bail, considers jail until trial

Court imposes gag order on FTX founder after prosecutors accuse him of witness tampering.

Al Jazeera

Prosecutors want disgraced crypto mogul Bankman-Fried in jail ahead of trial

Bankman-Fried has been living under house arrest in his parents' home near the Stanford University campus since December. But his communications with reporters have gotten him in hot water.

WEKU

Sam Bankman-Fried should be jailed until trial, prosecutor says, citing bail violations

A prosecutor has asked a judge to immediately jail FTX founder Sam Bankman-Fried, saying he violated his bail conditions by releasing information meant to harass a key witness against him

The Independent UK

How do tech bros plan to ride out Armageddon? Living it up on their private islands

‘Effective altruist’ Sam Bankman-Fried supposedly wanted to buy the Pacific state of Nauru to build a doomsday bunker. Meanwhile, in the real world, quite a few other things need fixing, writes Arwa Mahdawi

The Guardian - UK

The horrible Bankman-Fried family: Sam is not the only bad apple

The finance industry was shaken up by fintech but even more disruptive technologies will soon arrive.

Fortune

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The Conversation

The future of money is digital – but NZ needs a careful framework to prevent the pitfalls of cryptocurrency

New Zealand’s central bank is preparing for a future that includes the mainstream use of cryptocurrency.

Zenger

FTX CEO Faces Criticism For Allegedly Leaking Ex-Girlfriend’s Diary Entries To Undermine Witness

Prosecutors accuse Samuel Bankman-Fried of attempting to discredit potential star witness in upcoming criminal trial.

Fortune

The crypto industry is embracing self regulation. It’s time Washington gets on board

Proof-of-reserve measures aren't a substitute for standard audits. They make them better.

The Independent UK

Prosecutors say FTX founder Sam Bankman-Fried is harassing a key witness at his upcoming trial

Prosecutors say FTX founder Sam Bankman-Fried is harassing a key witness against him at his upcoming trial by publicly disclosing personal things she wrote while she was the chief executive at his cryptocurrency hedge fund trading firm

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The Guardian - US

Bankman-Fried planned to buy Nauru and build apocalypse bunker – lawsuit

Lawsuit filed against FTX founder, 31, includes memo that detailed plans to purchase Pacific island in case world came to an end

Fortune

Caroline Ellison paid herself $22.5M bonus around the time she estimated a $10 billion cash shortfall at FTX—lawsuit

She allegedly used some of that 'bonus' to invest in an unnamed A.I. safety and research firm.

Fortune

Caroline Ellison, ex-girlfriend of Sam Bankman-Fried, kept a Google Doc about working for the CEO

“It doesn’t really feel like there’s an end in sight,” Ellison wrote.

The Guardian - UK

FTX sues founder Sam Bankman-Fried and three others for $1bn

Lawsuit by cryptocurrency exchange, which collapsed in November, is attempting to recoup assets sought by creditors

Fortune

SBF's brother planned to buy an island nation with FTX funds to build apocalypse bunker - lawsuit says

The lawsuit also alleges that Bankman-Fried is using customer funds for his own defense.

Zenger

Former FTX Executive Constance Wang Joins Sino Global Capital

Wang's move highlights the resilience of ex-FTX employees amid legal troubles

Evening Standard

FTX sues Sam Bankman-Fried and other former execs to recoup over $1 billion

The saga surrounding the collapse of crypto company FTX took another twist today after the bankrupt business unveiled a fresh lawsuit against its former boss Sam Bankman-Fried in a bid to recoup hundreds of millions of dollars.

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