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The Latest Breaking News from FTX

Binance CEO Steps Down Amid AML Breaches, Investor Eyes Compliant Alternatives

Changpeng Zhao's resignation and $50 million contribution follow regulatory settlement, Kevin O'Leary recommends M2 Exchange

Zenger

Regulators and law enforcement crack down on crypto's bad actors. Congress has yet to take action

While the scandals in the cryptocurrency industry seem to never end, Washington policymakers appear to have little interest in pushing through legislation to codify the structure of the industry

The Independent UK

Binance saw $800 million in outflows after news broke of Changpeng Zhao’s plea deal. Experts say it could have been much worse

The company saw $800 million of outflows in some of the largest cryptocurrencies over the past day.

Fortune

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Another one bites the dust: Binance CEO quits as both he and the company plead guilty to money laundering charges and accept whopping $4.3 billion fine

Changpeng Zao founded the company in 2017, and it's since become the world's largest crypto market.

PC Gamer

Binance avoided a death sentence—but the slow bleed is yet to come

The long-awaited settlement with the crypto exchange avoided FTX territory.

Fortune

CZ, founder of crypto giant Binance, pleads guilty to money laundering violations

Changpeng Zhao agreed to plead guilty to money laundering charges and step down from Binance as part of a sweeping settlement with the Department of Justice and top regulators.

WEKU

OpenAI’s board is facing backlash for firing CEO Sam Altman – but it’s good it had the power to

The sudden removal of OpenAI CEO Sam Altman on Friday was met with shock and disapproval by the company’s employees. More than 90% signed a letter threatening to leave OpenAI if the board didn’t resign and reinstate Altman – who has since apparently been poached by Microsoft, along with a…

The Conversation

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SEC alleges in new lawsuit that Kraken failed to register and commingled customers’ funds

Kraken settled with the SEC earlier this year over its crypto staking business.

Fortune

OpenAI's crackup is another black eye for effective altruism

Effective altruism—made famous by Sam Bankman-Fried—is back in the news for all the wrong reasons.

Fortune

He lost $200,000 when FTX imploded last year. He's still waiting to get it back

The crypto mogul Sam Bankman-Fried has been tried and convicted of orchestrating one of the largest financial frauds in history, but little has changed for people who lost billions when FTX collapsed.

WEKU

Why Did America’s Elite Keep Falling for Crypto Frauds?

Even experienced journalists got suckered by Sam Bankman-Fried.

Foreign Policy

Solana is up 35% over the past week, adding to its 2023 rally of better than 500%

Exchange-traded products tracking the cryptocurrency saw $12 million in inflows last week, according to CoinShares.

Fortune

As Sam Bankman-Fried awaits his prison sentence, spotlight shifts to 'Barb and Joe'

Bankman-Fried's parents remain in the news after their son's fraud conviction.

Fortune

Sins of the father: Could Joe Bankman go to jail for helping his son run FTX?

“They were living high on the hog while advising a bunch of twentysomethings who had no idea what they were doing,” said a a white-collar defense specialist.

Fortune

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The Guardian - US

Trump and SBF blamed their accountants – but your taxes are your responsibility

We business owners can’t just shrug and say it’s the accountant’s job – it’s our signature on those forms

Fortune

FTX claims Bybit, one of world’s largest crypto exchanges, used VIP status to pull hundreds of millions of dollars during collapse

The bankruptcy estate is trying to claw back nearly $1 billion in its latest lawsuit.

The Guardian - UK

How did Sam Bankman-Fried attract investors? Well, Fomo probably helped

The cryptocurrency fraudster talked a lot of venture capitalists into pouring millions of dollars into his business. Maybe they should be more careful next time

WEKU

Sam Bankman-Fried is guilty, and the industry he helped build wants to move on

As Sam Bankman-Fried prepares to go to prison for one of the largest financial frauds in history, the cryptocurrency industry is looking ahead to a future without its former "golden boy."

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news in one place.

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Zenger

Sixth Week Of Cryto Inflows Total Over $261M, 2023 Officially Eclipses All Of 2022

Digital asset investment products have recorded a sixth consecutive week of inflows, amassing a total of $767 million

Radio France Internationale

French FTX cryptocurrency clients welcome Bankman-Fried guilty verdict

French victims of the collapse of the FTX cryptocurrency exchange were pleased with the guilty verdict handed down to founder Sam Bankman-Fried by a jurry in New York, even as they have yet to see any of their money recovered from the collapse of the company a year ago.

Fortune

The battle to revive FTX is down to a former NYSE president, a fintech startup, and a private investment firm

Bullish, a crypto exchange run by former NYSE president Tom Farley; Figure, a fintech startup; and Proof Group, a private investment firm are reportedly the finalists.

Fortune

Once a Sam Bankman-Fried favorite, Solana has ‘moved beyond the FTX overhang’ and gained more than 300% this year

The coin has seen more than $30 million in inflows from investors over the past two weeks.

The Conversation

Sam Bankman-Fried was convicted of fraud following the collapse of the cryptocurrency exchange FTX. Here's what investors need to know

In the fast-paced world of cryptocurrency, vast sums of money can be made or lost in the blink of an eye. In early November 2022, the crypto exchange FTX was valued at more than US$30 billion. By the middle of that month, FTX was in bankruptcy proceedings. And less than…

Zenger

Crypto Payments Reshaping Global Transactions, Says Solana Foundation’s Head Of Strategy

Blockchain technology revolutionizes cross-border payments, reducing fees and intermediaries

Fortune

The SEC is struggling to hire crypto experts—partly because the agency’s employees can’t own cryptocurrency

The federal regulator has continued to double down on crypto enforcement actions, most recently suing the company SafeMoon and its executives.

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