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The Latest Breaking News from FTX

Musk wants to know whether FTX laundered money for the Democrats

Musk needs corporations to feel comfortable advertising their products and services on Twitter for the company to avoid bankruptcy, and catering to the internet’s seedy underbelly does not help.

Fortune

Michael Hiltzik: Crypto tycoon Sam Bankman-Fried didn't lose a $16 billion fortune. His 'fortune' was never real

The Greek tragedy unfolding in the financial press over the last week is the story of Sam Bankman-Fried, the would-be cryptocurrency tycoon and political kingmaker whose multibillion-dollar empire has sunk like the Titanic after its encounter with the iceberg.

Los Angeles Times

The biggest and fastest net-worth losses of our time

While Sam Bankman-Fried lost his whole fortune last week, he's not the first billionaire to see a dramatic drop in net worth.

Fortune

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How is SBF coping with losing $16 billion and the possibility of prison? He’s playing video games and posting cryptic tweets

The disgraced founder of FTX was “surprisingly calm” in a recent interview.

Fortune

FTX failure may strengthen case for more robust crypto regulation - Roll Call

Lawmakers say the collapse of FTX should strengthen the case for Congress to pass legislation to regulate the cryptocurrency industry.

Roll Call

Sam Bankman-Fried's effective altruism may have been his downfall

“I wanted to get rich, not because I like money but because I wanted to give that money to charity,” Sam Bankman-Fried once said.

Fortune

TechScape: Inside the $8bn FTX crypto scandal – and its real-world impact

Sam Bankman-Fried was what everyone wanted a crypto billionaire to be – until things began to go very, very wrong

The Guardian - UK

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Sam Bankman-Fried was hailed as a crypto wonder child. What happened?

Bankman-Fried promoted himself as an eccentric genius. In reality, his image was a distraction from what was going on inside FTX

The Guardian - US

Web3 is in FTX's blast radius

The collapse of a major crypto trading platform will spread mistrust more broadly across blockchain-based projects.

Axios

China circles El Salvador’s economy as country edges toward crypto plunge

President Nayib Bukele bet on bitcoin and its tumbling value has put the Central American country in a financially precarious spot

The Guardian - US

FTX made a cryptocurrency that brought in millions. Then it brought down the company

The now-bankrupt cryptocurrency exchange FTX made real money off of its own digital currency, called FTT. That currency is practically worthless now, but investors continue to trade it.

WEKU

Bankman-Fried spent millions on Dem campaigns

Sam Bankman-Fried and Ryann Salame spent $56 million on the midterm elections.

Axios

Crypto exchange FTX expects to have more than 1m creditors

Bankruptcy filing says ‘questions arose’ about founder Sam Bankman-Fried’s leadership

The Guardian - UK

Allow Me, A Bimbo Who Can’t Count, To Explain How A Crypto Dweeb Lost $24 Billion In Days

Because tea from the crypto world isn't just for nerds.

Pedestrian.tv

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The Guardian - AU

AFL stands by Crypto.com partnership amid fears of a cryptocurrency meltdown

League says no change to deal with Singapore-based exchange, as market is rocked by FTX collapse

Fortune

Sam Bankman-Fried realizes that his Twitter war with rival CZ could have been what killed FTX: 'Not a good strategic move on my part'

After the implosion of his multi-billion dollar business, Bankman-Fried said he's chilling out playing video games.

Fortune

Is the collapse of Bankman-Fried's FTX crypto empire the end of Effective Altruism?

The one-time billionaire was closely associated with Effective Altruism. Now some fear for the movement's future.

The Independent UK

Fed's top financial regulator urges 'guardrails' for crypto

The top U.S. banking regulator at the Federal Reserve is urging Congress to pass legislation that would impose regulation on crypto currencies

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Fortune

The writing was on the wall for the FTX and crypto collapse, a top DC financial reform advocate says

The writing was on the wall for the FTX and crypto sector crash.

Fortune

Binance’s CZ says he never shorted FTX’s crypto token—and the decision to stop selling it was ‘very expensive’

Binance has emerged as one of the biggest winners from the FTX collapse, but its CEO says he didn’t short his rival.

Fortune

The rise and fall of FTX and Sam Bankman-Fried: The 30-year-old who built a $30 billion empire in 3 years—and burned it down in 48 hours

The demise of the founder, who was seen as a benevolent and stabilizing force in crypto, has left his supporters and enemies with unanswered questions.

Benzinga

Blockworks' Digital Assets Summit Showcases Crypto Solutions To Real-World Problems In Banking And Money Flow

Last month, Blockworks hosted its Digital Asset Summit (DAS) at the Royal Lancaster Hotel in London, England. During this event, builders, financiers and enthusiasts gathered to speak about the new world of finance and cryptocurrency that’s still developing.

Benzinga

Why This Short Seller Is Doubling Down Against Cryptocurrency, Says 'US Government Should Be Embarrassed' About FTX Debacle

Activist investor and short seller Citron Research made headlines in 2021 for attacking stocks like GameStop Corporation (NYSE: GME) and other popular companies with the retail investment crowd.

The Guardian - UK

Failure of FTX crypto exchange will have huge implications, MPs hear

‘Hard to imagine sector bouncing back quickly from this ordeal,’ committee is told

Fortune

Former FTX CEO Sam Bankman-Fried is sending one-letter tweets

The 30-year-old FTX founder published a mysterious tweet thread over the weekend and added to it on Monday as he’s roasted by Crypto Twitter.

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