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The Latest Breaking News from FTX

‘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

‘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 Independent UK

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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 - UK

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 Guardian - AU

$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

The Independent UK

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.

Los Angeles Times

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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.

Fortune

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

WEKU

Hey Sen. Warren, leave Bitcoin out of this

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

Fortune

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

The Guardian - UK

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.

Tribune News Service

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.

Fortune

Founder of failed crypto exchange FTX apologises to ex-employees

Sam Bankman-Fried continues to say firm’s downfall can be solely explained by misplaced $8bn

The Guardian - UK

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Al Jazeera

‘Betrayed’: FTX meltdown signals end to crypto’s ‘Wild West’ days

Cryptocurrency exchange’s spectacular collapse spurs government scrutiny and calls for greater regulation.

Tribune News Service

FTX attorney says ‘substantial amount’ of assets are either stolen or missing

A “substantial amount” of FTX Group’s assets “have either been stolen or are missing,” an attorney representing the firm told a bankruptcy court Tuesday in the company’s first court appearance since its rapid descent into insolvency.

The Independent UK

FTX lawyer: 'Substantial amount' of assets has been stolen

The lawyers for FTX disclosed Tuesday that a “substantial amount" of assets has been stolen from the accounts of the collapsed cryptocurrency exchange, diminishing the odds that its millions of investors will get their money back

ABC News

Satyajit Das believes crypto boom and bust is just part of 'every bubble being pricked' in wider market sell-off

One of the few financiers who sounded a warning bell before the global financial crisis believes today's cryptocurrency "meltdown" was predictable, and that "nobody is taking much notice" of a broader financial market problem.

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news in one place.

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Sports Illustrated

Report: Brady, Curry Under Investigation After FTX Collapse

This comes after a class-action lawsuit was filed in Florida last week, which also names Brady, Curry, FTX’s former CEO and a slew of other celebrities.

Ballotpedia

Midterm results could strengthen state opposition to ESG

Republican midterm gains could strengthen state opposition to ESG according to Roll Call

The Guardian - US

FTX was run as ‘personal fiefdom’ of Sam Bankman-Fried, court hears

Hearing in Delaware bankruptcy court is the first since the cryptocurrency exchange declared bankruptcy earlier this month

Fortune

Inside Sam Bankman-Fried's extravagant penthouse lifestyle in the Bahamas, where the T-shirt-clad FTX founder lived like royalty

The FTX founder created a gilded and connected life in the island paradise.

Los Angeles Times

Michael Hiltzik: How Sam Bankman-Fried exploited the 'effective altruism' fad to get rich and con the world

The most uplifting aspect of the Sam Bankman-Fried story was always that he guided his way to a putative cryptocurrency fortune of more than $16 billion by following a philosophy of charitable giving known as "effective altruism."

Fortune

The 'end of crypto'?

The Economist asks if the FTX collapse spells final doom for crypto. The answer is easy

The Guardian - AU

FTX bypassed regular process for obtaining Australian financial services licence

Crypto exchange took over a company that already held a licence and the regulator did not assess its fitness

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