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The Latest Breaking News from Sam Bankman-Fried

A prominent investor once advised Sam Bankman-Fried’s FTX to form a board

The crypto exchange FTX, once valued at $26 billion, was operating without a real board. Its downfall could lead to renewed pressure for private companies to have independent directors.

Fortune

The Ferguson Report (Satire): Donald and Melania plan romantic ceremony to renew pre-nup

Tim Ferguson breaks down this week's news - including Donald Trump's announcement.

The New Daily

FTX collapse a warning to crypto bros

Crypto exchange FTX was valued at more than $30 billion just weeks ago. Now it's in bankruptcy proceedings

Salon

From analysis to the latest developments in health,
read the most diverse news in one place.

FTX had a 'complete absence of trustworthy financial information' says new CEO

The man appointed to administer the collapsed crypto exchange in chapter 11 bankruptcy, who oversaw the clean-up after Enron's collapse, says he has never seen "such a complete failure of corporate controls".

ABC News

The grotesque inequality embodied by Musk, Bezos and Zuckerberg is a threat to democracy

Something’s wrong when basic infrastructure maintenance seems utopian, while the hare-brained schemes of tech oligarchs become routine

The Guardian - AU

The Enron man in charge of restructuring FTX has one big takeaway from this bankruptcy: There is no paper trail

Usually in bankruptcies, it's at least clear who the 50 largest creditors are, or where the money was coming from. Not this time.

Fortune

Tom Brady sued over crypto currency collapse which could cost NFL legend millions

Seven-time Super Bowl champion Tom Brady is being sued for his role in promoting cryptocurrency exchange FTX, which had to seek bankruptcy protection last Friday

Daily Mirror

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'We didn't even notice': Binance CEO CZ on alleged FTX battle

Changpeng Zhao also said in a Thursday interview he hopes the blame for FTX’s failure falls squarely on SBF.

Fortune

Tech venture capital fueled FTX’s rise—and bears some responsibility for its downfall

Mounting evidence shows VC firms ignored major warning signs and failed to take basic risk-mitigation steps.

Fortune

As FTX crumbled, Sam Bankman-Fried's Bahamas penthouse was put up for sale. The listing was a fake

A viral real estate listing thought to belong to SBF was the result of a "web malfunction."

Fortune

Sam Bankman-Fried's farcical fundraising effort

The former FTX CEO has lost the plot.

Axios

New FTX boss, who worked on Enron bankruptcy, condemns ‘unprecedented failure’

US corporate restructuring expert John Ray says ‘never in my career have I seen such a complete failure of corporate controls’

The Guardian - US

SBF is unraveling before our eyes, and it's not pretty

The founder of FTX won't stop talking.

Fortune

FTX latest: Bankruptcy lawyers accuse SBF of undermining case

Sam Bankman-Fried is undermining efforts to reorganize his crumbling empire with “incessant and disruptive tweeting,” US lawyers for the bankrupt crypto platform FTX said in a court filing.

Tribune News Service

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The Conversation

Dramatic collapse of the cryptocurrency exchange FTX contains lessons for investors but won't affect most people

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 second-largest cryptocurrency exchange, FTX, was valued at more than US$30 billion. By Nov. 14, FTX was in bankruptcy proceedings along with more than 100…

Fortune

“This is fraud:” Coinbase CFO says of FTX as more crypto fintechs get caught in contagion

Alesia Haas is trying to assure consumers that FTX was merely a bad actor and is not representative of the whole industry.

Fortune

How to raise $2 billion with a sloppy Excel spreadsheet

Sam Bankman-Fried's homespun FTX fundraising documents show disorganization.

The Conversation

FTX bankruptcy is bad news for the charities that crypto mogul Sam Bankman-Fried generously supported

FTX, an exchange for trading cryptocurrencies, quickly became bankrupt and defunct in November 2022. Its founder, Sam Bankman-Fried, is broke, and the 30-year-old former billionaire could be in serious legal trouble for his alleged financial improprieties. The Conversation asked Brian Mittendorf, an accounting scholar at The Ohio State University, to…

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Fortune

FTX's disgraced founder SBF still thinks he can rebuild his bankrupt crypto empire and make customers whole

The 30-year-old who fashioned himself as an altruist claimed FTX was not in a balance sheet crisis with its very solvency at risk, merely a liquidity crisis.

Axios

For embattled FTX founder Sam Bankman-Fried, incompetence could be a legal strategy

If federal authorities want to pursue criminal charges, they'll have to prove intent, experts say.

Fortune

Elizabeth Holmes' attorneys paint a dark picture of venture capital as her sentencing looms

An “ardently resilient optimist” can actually do a lot of damage.

The Guardian - UK

FTX’s former CEO claims crypto exchange is still solvent

Sam Bankman-Fried makes statement even as new boss begins formal bankruptcy process

The Independent UK

Size, scope of FTX failure gets clearer as users fear worst

Just days after cryptocurrency’s third-largest exchange collapsed, the public is starting to get a feel of how messy FTX’s bankruptcy case could be

Fortune

Exclusive: Leaked documents Sam Bankman-Fried used for fundraising in 2021 and 2022 show FTX revenue soared nearly 6,600% in two years but leveled off this year

Fortune reviewed two sets of spreadsheets, one dated December 2021 and another dated June 22, 2022, that showed FTX's astounding growth before its sudden crash.

Fortune

Politicians spurn contributions from bankrupt crypto exchange FTX and its former CEO Sam Bankman-Fried

SBF had donated close to $40 million in the 2021–2022 cycle, according to OpenSecrets.

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Hans Christian Andersen

From analysis to the latest developments in health,
read the most diverse news in one place.

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