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The Latest Breaking News from Sam Bankman-Fried

Don't call FTX's collapse a 'run on the bank'

Some media outlets are echoing SBF's claim that FTX's collapse was like a "run on the bank." Don't buy it.

Fortune

Meet the power players trying to make FTX customers whole

Rishi Jain, a managing director at a private equity consulting company, has been placed in charge of what’s left of FTX Ventures.

Fortune

Editorial: The FTX saga is hard to understand, but the greed behind it isn't

Back in 2001, precious few Americans could have explained what Houston-based Enron did as a company and how it got so spectacularly wealthy. But when it filed for a record-breaking bankruptcy, Americans got schooled fast about not putting their trust and money behind swaggering, fast-talking con artists. But fools and…

St. Louis Post-Dispatch

From analysis to the latest developments in health,
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FTX’s Bankman-Fried says he will testify before US Congress

FTX founder says he will testify when he has ‘finished learning and reviewing’ collapse of cryptocurrency exchange.

Al Jazeera

Sam Bankman-Fried’s ‘I screwed up’ messaging is about lawsuits and penalties vs. jail, says U.S. securities lawyer

FTX founder Sam Bankman-Fried “steered clear of anything that sounded like intentional misconduct,” said U.S. securities lawyer James Murphy.

Fortune

Crypto's path to deep crisis is well-worn

Swiftly rising interest rates have punctured the cryptocurrency bubble, exposing fragility, bad governance and even fraud in many corners, most notably at the crypto exchange FTX. And FTX's spectacular collapse comes on the heels of other recent failures in the cryptosphere, such as Terra-Luna, Three Arrows Capital or Voyager Digital.…

Bangkok Post

FTX's Sam Bankman-Fried: "I screwed up"

"I had a responsibility here and a responsibility to be on top of what was going on the exchange. I wish I had done much better at that."

Axios

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Longtermism: how good intentions and the rich created a dangerous creed

Tech billionaires seem intent on giving away a lot of money. But are those who support ‘longtermism’ and ‘effective altruism’ ignoring the very real problems of today?

The Guardian - UK

Coinbase CEO Brian Armstrong says it’s ‘baffling’ FTX’s Sam Bankman-Fried isn’t ‘in custody already’

“There’s a very open and shut case for fraud,” said Armstrong, adding it’s “bizarrre” the media isn’t calling Bankman-Fried a “criminal.”

Fortune

Former FTX users say the failed crypto exchange was a 'Ponzi scheme.' Here's how Ponzis work

SBF, as Bankman-Fried was often called, says he didn’t commit fraud. But bankruptcy specialists say the findings so far are ‘pretty devastating.’

Fortune

Bankman-Fried Takes Accountability For The Fall Of FTX In An Interview With Good Morning America

FTX co-founder and former CEO Sam Bankman-Fried is now being labeled a criminal after coming under scrutiny amid bankruptcy.

Zenger

Sam Bankman-Fried's FTX empire was meant to revolutionise cryptocurrency and save the world. It didn't

By the time his bank account hit zero, the man who insisted he would one day be the "world's first trillionaire" had left only a trail of destruction in his wake.

ABC News

Meet the VC who was a ‘horror story’ for Sam Bankman-Fried and why he passed on investing in Alameda Research

Alexander Pack of Hack.VC told Fortune about the warning signs he saw in SBF and his quant firm Alameda Research years ago.

Fortune

FTX collapse leaves program to help formerly incarcerated Chicagoans in jeopardy

The cryptocurrency giant pledged at least $1 million to help provide universal basic income to help people get back on their feet after time behind bars. Now, it has filed for bankruptcy without delivering most of the grant.

Chicago Sun-Times

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Businessweek

11 Hours With Sam Bankman-Fried: Inside the Bahamian Penthouse After FTX’s Fall

Billions of dollars of customer money is missing, investigators are circling, and the 30-year-old ex-CEO admits his company broke its own rules.

Tribune News Service

CFTC chairman urges strengthening conflict-of-interest part of Senate crypto bill

Commodity Futures Trading Commission Chairman Rostin Behnam urged senators to strengthen conflict of interest and financial disclosure provisions for cryptocurrency entities in a key piece of legislation in light of the collapse of the FTX exchange.

Fortune

How Solana, ‘Sam coins,’ Bitcoin, and Ethereum have fared after the FTX collapse

The failure of FTX had investors "stampeding like a herd of wildebeest to off-load as much risk as they could,” Ryan Shea, crypto economist at Trakx, tells Fortune.

Fortune

3 takeaways on SBF, Mark Zuckerberg, and Larry Fink from DealBook’s buzzy Summit

The former FTX CEO took the lawyerly route, while the Meta chief blasted Apple and the BlackRock leader forecasted change in tech.

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news in one place.

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Fortune

‘We can’t regulate this out of existence’: Senate Agriculture Committee grills CFTC chair on FTX collapse

Rostin Behnam said he met with Sam Bankman-Fried 10 times over an FTX proposal.

Fortune

Billionaire Bill Ackman and Kevin O'Leary think FTX's Sam Bankman-Fried is telling 'the truth' about being unaware of major problems at his failed crypto exchange

FTX founder Sam Bankman-Fried defended himself Wednesday against fraud accusations in an interview at the New York Times Dealbook Summit.

Tribune News Service

FTX missing billions remain mystery after Bankman-Fried grilling

Mystery continues to shroud the missing billions at bankrupt crypto exchange FTX after its disgraced founder Sam Bankman-Fried denied trying to perpetrate a fraud while admitting to grievous managerial errors.

Chicago Sun-Times

Ex-FTX CEO Bankman-Fried says he didn’t ‘knowingly’ misuse clients’ funds

“I didn’t ever want to commit fraud on anyone. I was shocked at what happened this month,” Sam Bankman-Fried says.

Fortune

Even by crypto standards, that New York Times interview with SBF was a disaster

The notorious Bankman-Fried interview showed the FTX's sociopathy on full display.

Roll Call

CFTC chief urges strengthening conflict-of-interest part of Senate crypto bill

Rostin Behnam urged senators to strengthen conflict-of-interest and disclosure language in a bill to regulate cryptocurrency.

Bangkok Post

FTX missing billions remain a mystery

Mystery continues to shroud the missing billions at the bankrupt crypto exchange FTX after its disgraced founder Sam Bankman-Fried denied trying to perpetrate a fraud while admitting to grievous managerial errors.

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