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The Latest Breaking News from FTX

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

The Guardian - UK

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.

Orlando Sentinel

FTX ally warned authorities days before Bankman-Fried arrest

Ryan Salame told the Bahamian securities commission that funds were being used improperly

The Guardian - UK

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Ramesh Ponnuru: Republicans are coming for ESG investing

Republican complaints about “ESG investing” have been building in recent years. But they have not always been clear about what they want to do about it besides complain.

Tribune News Service

Investors desert Binance

Thai cryptocurrency pundits are recommending investors withdraw digital assets from Binance amid a run on the world's largest crypto exchange, moving their money to a safer crypto exchange in Thailand regulated by the Securities and Exchange Commission (SEC).

Bangkok Post

Senate crypto hearing yields big claims, possible regulation

Whether increased regulation would have prevented the spectacular collapse of cryptocurrency exchange FTX was fiercely debated at a hearing of the Senate’s banking committee Wednesday

The Independent UK

Star-studded Senate hearing illustrates massive divide over crypto in D.C.

Without Sam Bankman-Fried in attendance, senators focused on the future of the volatile industry.

Fortune

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Bitcoin has rallied. What are crypto’s true believers still smoking?

FTX’s filing for bankruptcy was an existential event – and may signal the moment when grown-up thinking re-entered the room

The Guardian - UK

Even in a brutal year for tech, these 5 companies, collectives, and chiefs flopped the hardest

FTX’s venture capital patrons, a former social media executive, and a onetime pandemic darling all fell on their face in 2022.

Fortune

Sam Bankman-Fried: the crypto pioneer behind one of the largest financial frauds in history

The 30-year-old is facing decades in jail after being found guilty of fraud. So how did the FTX founder end up here? Amy Francombe reports

Evening Standard

Kimmel on Jan 6 texts: ‘Even Scooby-Doo villains know not to write it down’

Late-night hosts discuss Mark Meadows’s texts with GOP lawmakers about overturning the election, Sam Bankman-Fried’s arrest and the Respect for Marriage Act

The Guardian - US

Explainer: cryptocurrency and cryptocurrency exchanges

Almost all cryptocurrencies have declined significantly this year but this doesn’t seem to be putting people off, writes Alex Sims

Newsroom.co.nz

Warren pushes bipartisan bill to regulate crypto firms after FTX collapse

Move co-sponsored by Republican Roger Marshall aims to crack down on money laundering after arrest of Sam Bankman-Fried

The Guardian - US

Binance founder insists ‘business as usual’ after $1bn pulled out in a day

Changpeng Zhao calls withdrawals a ‘stress test’ as investors continue to react to FTX collapse

The Guardian - UK

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Zenger

Maple Finance Severs Ties With Orthogonal Trading For ‘Hiding’ FTX Exposure

Maple Finance has severed ties with Orthogonal Trading, which claimed to be “operating while effectively insolvent.

Fortune

FTX’s venture investments in limbo with SBF in custody and prosecutors and lawyers circling crumbs of his crypto empire

The SEC claims Sam Bankman-Fried used FTX customer funds to make venture investments.

Salon

Crypto: The white male privilege scam

The downfall of Sam Bankman-Fried serves as a reminder of how many white male "geniuses" are just full of crap

Evening Standard

Sam Bankman-Fried: Arrested crypto exchange boss hugs parents as he is denied bail on fraud charges

Former cryptocurrency exchange entrepreneur Sam Bankman-Fried hugged his parents as he was denied bail after being charged with “one of the biggest financial frauds in American history”.

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Evening Standard

Who is Sam Bankman-Fried and why was the FTX founder arrested in the Bahamas?

The former ’King of Crypto’ is currently behind bars

Chicago Sun-Times

Lightfoot supporter questions indicted crypto billionaire’s donation to Garcia

State Rep. Kelly Cassidy (D-Chicago) questioned Samuel Bankman-Fried’s motives for spending $151,420 on direct mail pieces for Chuy Garcia’s congressional reelection.

The Guardian - US

Five things we know about the collapse of FTX and Sam Bankman-Fried

Company founder was arrested and charged with running a ‘house of cards’ in ‘one of the biggest financial frauds in US history’

Fortune

‘Uniquely destined to fail’: New FTX CEO describes to Congress mess left behind by SBF

FTX CEO John Ray III was the sole witness during the House Financial Services Committee hearing.

Fortune

Prosecutors give a stark warning to other crypto platforms in the wake of the SBF indictment and call it 'one of the biggest financial frauds in American history'

Federal prosecutors warn crypto companies to get in line, lest Sam Bankman-Fried and FTX’s fate befall them.

Al Jazeera

Binance withdrawals hit $1.9bn in past 24 hours says data firm

The world’s biggest crypto exchange said it had ‘temporarily paused’ withdrawals as CEO said it was ‘business as usual’.

ABC News

Sam Bankman-Fried promised his FTX crypto empire would save the world. US authorities say he was lying from the start

Sam Bankman-Fried insists the collapse of $32 billion crypto empire is the result of bad accounting, human error and rotten luck. US authorities say it was a "massive, years-long fraud".

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