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The Latest Breaking News from FTX

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

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

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

Al Jazeera

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.

Tribune News Service

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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

The Independent UK

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.

ABC News

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.

Sports Illustrated

Midterm results could strengthen state opposition to ESG

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

Ballotpedia

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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

The Guardian - US

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.

Fortune

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."

Los Angeles Times

The 'end of crypto'?

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

Fortune

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

The Guardian - AU

TechScape: How do you slice a billion-dollar crypto bankruptcy pie?

The 50 biggest claims against FTX total $3.1bn. Now a US court has to determine who gets what – if anything. Plus, what will be more valuable by the end of the year: Musk’s stake in Twitter, or a lettuce?

The Guardian - UK

3 venture investors on where they’re looking to invest in crypto now

Crypto VC is in turmoil. Where will VCs spend their money?

Fortune

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The Philadelphia Inquirer

Will Bunch: Billionaires like Musk, Bankman-Fried didn't save the world. They wrecked it. Let's take it back

After growing up amid upper-middle-class affluence in Silicon Valley as the children of two Stanford Law School professors, as a super-smart kid who got into MIT to study physics, Sam Bankman-Fried decided in those teen years that he wanted to save the world in the worst way.

Evening Standard

FTX founder Sam Bankman-Fried and his parents built million-pound property empire in the Bahamas

Together, the family, the company and its executives bought nineteen properties over two years

WEKU

Wringing its hands over FTX's collapse, Washington hopes to prevent more crypto pain

Congress, which has been unable to pass comprehensive crypto legislation, is digging into what happened as regulators try to police the new, mysterious world of virtual currencies with old laws.

The Times of India

Crypto's latest mystery: Who is the owner of major exchange Huobi?

In the vexing world of cryptocurrencies, the seemingly simple question of who owns an exchange can turn out to be fiendishly tricky.

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Al Jazeera

Crypto lender Genesis denies bankruptcy plans after FTX collapse

Genesis’s comments come days after it halted customer withdrawals due to liquidity difficulties.

The Texas Tribune

Tom Brady, Steph Curry and other celebrities face Texas investigation for endorsements of bankrupt crypto firm

This probe is part of the state’s wider investigation into FTX’s multibillion-dollar bankruptcy.

Fortune

What will happen to nearly a third of SkyBridge Capital? Here's how 'The Mooch' could get back his company

Less than two weeks ago SBF and Scaramucci embarked on a fundraising trip together in the Middle East. Now, nearly a third of Scaramucci's firm is tied up in bankruptcy proceedings.

Reason

Did Sam Bankman-Fried's Millions Buy the Media's Loyalty?

The mainstream coverage of SBF and FTX is more than a little blasé.

Axios

Assigning blame when startups break bad

The best con artists are the ones who identify the system’s frailties and then exploit them.

Fortune

Congress will be taking a closer look at Sam Bankman-Fried’s political spending spree

The former FTX CEO became the Democratic party’s top donor apart from George Soros during the last election cycle.

Fortune

Mark Cuban says his interest in crypto is ‘still status quo, no change’ post-FTX collapse

Mark Cuban shares his stance on crypto after exchange FTX collapsed and disgraced former CEO Sam Bankman-Fried disrupted the industry.

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