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The Latest Breaking News from FTX

BlockFi is latest company affected by FTX fallout, files Chapter 11 bankruptcy

The company says it has over 100,000 creditors.

Fortune

Crypto lender BlockFi files for Chapter 11 bankruptcy protection

The crypto lender is the latest casualty of FTX's contagion

Axios

Texas Is Becoming a Bitcoin-Mining Capital. Can the Grid Handle It?

Despite the FTX crash, ERCOT continues to court the cryptocurrency industry.

Texas Observer

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3 crypto storylines to follow

The news frenzy around FTX is finally abating as people look for new stories. Here's what to watch for.

Fortune

Singapore government faces parliament grilling over FTX fallout

Singapore’s government faces increased scrutiny over the fallout from the collapse of Sam Bankman-Fried’s FTX crypto empire.

Bangkok Post

Mark Cuban says he’d ‘be afraid of going to jail for a long time’ if he were Sam Bankman-Fried

The billionaire Dallas Mavericks owner still believes in crypto’s potential, but FTX founder Sam Bankman-Fried’s future could be bleak.

Fortune

Sam Bankman-Fried’s fall hasn’t killed off ‘effective altruism’

Brief letters: FTX collapse | Replica of William the Conqueror’s ship | A seat for the privileged | Giant otters | Matt Hancock’s ‘junglewashing’

The Guardian - UK

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Brown: F1 won't suffer from "complete mess" triggered by FTX crypto collapse

Formula 1 will weather the storm caused by the 'complete mess' of the collapse of cryptocurrency exchange FTX and the contagion it triggered, says McLaren boss Zak Brown.

Autosport

F1 won’t suffer from the "complete mess" FTX crypto collapse triggered – Brown

Formula 1 will weather the storm caused by the 'complete mess' of the collapse of cryptocurrency exchange FTX and the contagion it triggered, says McLaren boss Zak Brown.

Motorsport

Wall Street’s ‘Dr. Doom’ calls crypto ‘corrupt gambling’ and rips ‘proof of reserves’ trumpeted after FTX collapse

Nouriel Roubini warned on Saturday, “Crypto is corrupt gambling where the house always & systematically front runs the retail suckers that get rekt.”

Fortune

If greed can ever be good, that philosophy didn’t work at FTX’s charity

The ‘ethics stuff’ was just a front, says the bankrupted cryptocurrency billionaire Sam Bankman-Fried

The Guardian - UK

5 Lessons the Crypto Industry must learn from the FTX Disaster

A Web 3 veteran veteran shares five things that must happen for Web3 to recover and build back trust.

Fortune

‘I am not a rich person’: 30,000 Australian FTX customers left out of pocket after collapse

Exchange’s local administrators flooded with emails from investors, with claims of up to $1m to date

The Guardian - AU

Commentary: The practice of proclaiming virtue while amassing wealth and power is not new

What do Elizabeth Holmes, Sam Bankman-Fried and Al Capone have in common? No, they are not all convicted felons. Capone did serve time for tax evasion, and Holmes was recently sentenced to 11 years in prison for defrauding the public through her blood-testing company Theranos. But Bankman-Fried, founder of the…

Chicago Tribune

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The Independent UK

‘Foot massage to a criminal’: Elon Musk leads attacks on WSJ for Sam Bankman Fried article

Bankman Fried’s FTX is now reportedly under investigation by authorities in the US and the Bahamas after up to $2bn in client funds vanished

The Guardian - UK

The gods of Silicon Valley are falling to earth. So are their warped visions for society

Tech titans like Elon Musk and Sam Bankman-Fried have been feted for their wealth, but see the world in ways that also merit scrutiny , says Moya Lothian McLean

The Guardian - AU

Senator raises concerns over lack of checks for crypto businesses seeking financial services licences

Andrew Bragg says businesses promote themselves as regulated – despite there being no regulation of cryptocurrency in Australia

The Independent UK

$740M in crypto assets recovered in FTX bankruptcy so far

The company tasked with locking down the assets in the failed cryptocurrency exchange FTX said they’ve managed to recover and secure $740 million in assets so far, a fraction of the potential billions that is likely missing from bankrupt company’s coffers

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Los Angeles Times

Michael Hiltzik: Thinking of putting crypto in your 401(k)? Think twice

The federal government has some advice for workers contemplating adding bitcoin or another cryptocurrency to their retirement holdings: Don't.

Fortune

Crypto customers looking to write-off FTX investments for taxes will need to wait

FTX customers may be facing huge losses, but most are in a holding pattern until bankruptcy proceedings bring some clarity and order to how the failed cryptocurrency exchange's assets will be handled.

WEKU

5 major revelations about the collapse of crypto giant FTX

At the first hearing in FTX's bankruptcy proceedings, lawyers confirmed that millions of dollars are stolen or missing, and revealed stunning details about the downfall of the once-mighty exchange

Fortune

Hey Sen. Warren, leave Bitcoin out of this

Elizabeth Warren's response to the FTX mess includes limiting access to Bitcoin.

The Guardian - UK

After the FTX crash, here’s what you need to know – the crypto bubble is already bursting

Ordinary buyers should beware. They are being sucked into perilously risky trading that only professionals understand, says crypto consultant Carol Alexander

Tribune News Service

Crypto executives need to grow up or go the way of FTX, Riot Blockchain leader says

The highly publicized collapse of the crypto platform FTX is a wake-up call for crypto executives to act more professionally, one of crypto’s most prominent North Texas leaders says.

Fortune

Inside FTX’s crypto empire in the Bahamas

A Fortune reporter lays out details from his week in the Bahamas, uncovering the collapse of FTX.

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