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The Latest Breaking News from Sam Bankman-Fried

New FTX CEO says lax oversight, bad decisions caused failure

The new CEO of the cryptocurrency exchange FTX is appearing before a House committee Tuesday, detailing for lawmakers the lack of oversight and financial controls that he discovered since taking over the company a month ago

The Independent UK

Who Sam Bankman-Fried was going to blame for FTX’s collapse – until his arrest

Founder and CEO of cryptocurrency exchange could not appear before Congress

The Independent UK

Former FTX CEO Bankman-Fried hit with 8-count indictment

Former CEO Sam Bankman-Fried is accused of raising more than $1.8 billion from equity investors since May 2019 by promoting FTX as a safe, responsible platform for trading crypto assets. Instead, the complaint says, Bankman-Fried diverted customers’ money into his privately-held crypto fund without…

Chicago Sun-Times

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Sam Bankman-Fried and other FTX staff allegedly had ‘Wirefraud’ chat group

Chat group on the platform Signal was reportedly used to send end-to-end encrypted information about FTX and its hedge fund

The Guardian - US

SBF indicted on numerous fraud, conspiracy charges

The charges include conspiracy to defraud the U.S., wire fraud, securities fraud, and money laundering.

Fortune

Sam Bankman-Fried charged with criminal fraud and money laundering

He was arrested Monday by Bahamas police and is expected to be extradited to the U.S.

Axios

Tech & Science Daily podcast: Nuclear breakthrough is energy ‘holy grail’

Scientists in the US are expected to announce on Tuesday one of history’s most significant nuclear power breakthroughs: successfully achieving a net energy gain from a nuclear fusion reaction.

Evening Standard

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FTX's Sam Bankman-Fried Used Customer Assets to Fund Political Donations, Says SEC

Plus: moral panic about department stores, the obvious cause of homelessness, and more...

Reason

House Financial Services presses FTX CEO on crypto's regulatory needs - Roll Call

John Ray III, who took over FTX after its collapse, tells lawmakers the cryptocurrency exchange was "uniquely positioned to fail."

Roll Call

The miserable end of SBF and what it means

The final downfall of an infamous conman is at hand. Many people are left picking up the pieces.

Fortune

SEC says Bankman-Fried defrauded investors of $1.8 billion

FTX co-founder Sam Bankman-Fried was accused by U.S. regulators of carrying out a multi-year scheme to defraud investors.

Tribune News Service

FTX founder Sam Bankman Fried charged by SEC with defrauding investors

The former CEO was accused of having ‘built a house of cards on a foundation of deception’

Evening Standard

Sam Bankman-Fried accused of fraud by SEC ahead of criminal charges

SBF was arrested on Monday night in the Bahamas at the request of U.S. authorities.

Axios

SEC charges disgraced crypto boss Sam Bankman-Fried with defrauding FTX investors

The charges arrive less than a day after US officials announced the disgraced crypto baron had been arrested in The Bahamas

The Independent UK

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The Guardian - UK

FTX founder Sam Bankman-Fried charged with defrauding investors

SEC says investigation into other alleged misconduct by former CEO of cryptocurrency exchange is ongoing

The Independent UK

SEC charges former FTX CEO with defrauding crypto investors

The U.S. Securities and Exchange Commission has charged the former CEO of failed cryptocurrency firm FTX with orchestrating a scheme to defraud investors

Roll Call

US unseals fraud and conspiracy charges against Bankman-Fried - Roll Call

The U.S. brings criminal and civil charges Tuesday against former FTX CEO Sam Bankman-Fired, including one related to campaign finance law.

The Guardian - UK

First Thing: Lockerbie bomb suspect in US custody ‘abducted by warlord’

Mohammed Abouagela Masud accused by US of preparing the bomb that destroyed the Boeing 747, killing 270 people in 1988. Plus, the oldest university student graduates

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Fortune

SBF was arrested before a pivotal congressional hearing on FTX’s monumental collapse. Here’s how to watch and what to expect

What questions will lawmakers ask with SBF in custody?

Evening Standard

Jitters spread around crypto market amid FTX founder arrest

Crypto exchange Binance has sought to reassure customers it had enough reserves

France 24

Sam Bankman-Fried, founder of failed crypto exchange FTX, arrested in Bahamas

Sam Bankman-Fried, the disgraced head of once-leading cryptocurrency trading platform FTX, is to be extradited to the US after being arrested in the Bahamas. US prosecutors have yet to unseal the indictment against 30-year-old Bankman-Fried, who became a billionaire during the cryptocurrrency boom. In this edition, we take a closer…

Daily Mirror

Bankrupt 'crypto king' charged in Bahamas after FTX collapse sees him lose £27billion

The former CEO of failed crypto firm FTX which obliterated millions of pounds of people's money, Sam Bankman-Fried, has been arrested in the Bahamas and will soon be extradited to the US

The Guardian - UK

Tuesday briefing: Five burning questions about the UK’s freezing weather

In today’s newsletter: While it’s not unusual to see minus temperatures in Britain, what does the manner in which this cold snap has hit the UK say about our preparedness?

Evening Standard

Sam Bankman-Fried: Founder of collapsed FTX crypto exchange arrested in the Bahamas

Bankman-Fried is under criminal investigation by US and Bahamian authorities following the collapse last month of FTX

The Guardian - AU

Afternoon Update: Details emerge of shocking Queensland police ambush; Violet Coco granted bail; and Ardern’s hot mic

Tributes flow from state and federal leaders after two police officers and a civilian die in shooting

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