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The Latest Breaking News from FTX

Everywhere you look, the economy is in a deep freeze. But does that mean a recession is coming?

From the housing market to venture capital activity, many parts of the economy are in a deep freeze. And experts say they may not thaw out until next year.

Fortune

Bankman-Fried sought to influence witness, prosecutors say

FTX co-founder Samuel Bankman-Fried sought to influence a witness in the U.S. government’s criminal fraud case against him, prosecutors said in a filing, asking a judge to stop him from contacting former employees at the bankrupt cryptocurrency exchange.

Tribune News Service

The Weekly Wrap for Saturday, 28 January 2023

When we say "Japanese baby problem" you might imagine the grotesqueries from Akira (1988). But this is about births, deaths, and everything that happens in-between...

inkl Originals

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read the most diverse news in one place.

FTX owes money to Apple, Google, Netflix, Yahoo, and Gisele Bündchen’s charity

On Wednesday, a federal judge released a comprehensive list of FTX’s creditors, excluding the names of individuals.

Fortune

Ritchie Torres went from crypto ‘newbie’ to key ally in Washington. Now he could shape the industry’s post-FTX future

The second-term Congressman from the Bronx is one of many who got donations from Sam Bankman-Fried. He's fighting for rules that could help crypto serve the "unbanked."

Fortune

Congressional Republicans have Gary Gensler in their crosshairs

Rep. Hill on his new digital assets subcommittee.

Fortune

Solana shakes off its death rattle with a 140% jump in value since the start of the year

The cryptocurrency’s underlying blockchain has also outpaced competitors in the number of developers contributing to it.

Fortune

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Australian crypto exchange Digital Surge saved after $1.25m loan from creditors

The Brisbane-based firm lost $33m in the collapse of the global platform FTX but now aims to pay back customers over five years

The Guardian - AU

Crypto firms acted like banks, then collapsed like dominoes

Over the past few years, a number of companies have attempted to act as the cryptocurrency equivalent of a bank, promising lucrative returns to customers who deposited their bitcoin or other digital assets

The Independent UK

Bailout backed to recoup crypto millions

Cryptocurrency firm Digital Surge will survive as creditors vote for a bailout after hours of questions put to administrators by some of the 30,000 investors.

AAP

Sunday slop tasty enough for Heat in 100-96 victory over Pelicans

MIAMI — Sunday slop never tasted so good for the Miami Heat.

Tribune News Service

In the Elon Musk trial, fraud isn't just about false statements

A jury is being asked to decide Musk's state of mind when he tweeted "funding secured."

Axios

What next for French victims of the FTX cryptocurrency exchange collapse?

The collapse of the FTX cryptocurrency exchange has had repercussions around the globe, with more than a million clients losing money overnight. In France, some 50,000 to 60,000 people were affected. As they look for legal solutions to get their money back, will the victims continue to invest in cryptocurrency?

Radio France Internationale

FTX judge backs firm’s lawyers, rejects last minute ‘rumors’

The judge overseeing the bankruptcy of FTX Group refused to replace the law firm handling the failed crypto company’s Chapter 11 case, concluding that last-minute attacks on the lawyers were mere “rumors.”

Tribune News Service

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The Independent UK

Sam Bankman-Fried claims car threatening him crashed into parents’ home

FTX founder under house arrest after being charged with fraud and conspiracy over crypto company’s losses

Tribune News Service

Sam Bankman-Fried’s Stanford professor father is up to ‘his eyeballs’ in son’s legal drama, report says

SAN JOSE, Calif. — More news continues to unfold in the saga of Sam Bankman-Fried and his Stanford Law professor parents, as they together endure the misery of his house arrest, surrounded by 24-hour security, in the family’s home near the Stanford campus.

Fortune

The crypto lender Gemini just filed for bankruptcy. Here are the biggest creditors

The company owes $3.4 billion to top firms including Genesis and ByBit's venture arm.

Fortune

Anyone want to buy a crypto media company?

Coindesk is on the block. Their best hope for a buyer is a benevolent crypto baron.

Get all your
news in one place.

100's of premium titles.
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The Guardian - UK

Crypto lender Genesis files for Chapter 11 bankruptcy in US

Firm is latest casualty in sector as cryptocurrencies contagion spreads after FTX collapse

AAP

Crypto firm owes creditors more than $78m

Administrators appointed for a Gold Coast cryptocurrency platform do not know where the company's founder is, or exactly how large its debts are.

Al Jazeera

Crypto giant Genesis files for bankruptcy, after FTX collapse

Cryptocurrency lender’s bankruptcy is the latest blow to the sector following the arrest of Sam Bankman-Fried.

Al Jazeera

New FTX boss says bankrupt crypto exchange could restart: Report

CEO John Ray has set up a task force to explore restarting FTX.com, its main international exchange, WSJ reports.

Fortune

Are you ready for the return of FTX? New CEO says he may revive bankrupt exchange

In a new interview, the bankruptcy steward said he might restart FTX.com.

Financial Times

The clowns of cryptoland haven’t given up

Making money out of failure is morally bankrupt

Fortune

Peter Thiel’s Founders Fund generated more than $1 billion by offloading an 8-year Bitcoin bet just before markets soured

Founders Fund first bought Bitcoin in 2014 when the cryptocurrency traded for under $1,000.

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