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The Latest Breaking News from Sam Bankman-Fried

Politicians and regulators keep shouting that crypto is synonymous with fraud. Here’s why they’re wrong

An entire industry shouldn't be condemned because of a few bad actors.

Fortune

Crypto firms could spend more on lobbying than in 2022—when FTX and Sam Bankman-Fried were still writing checks

Even without Sam Bankman-Fried, blockchain firms continue to pour money into D.C.

Fortune

Bankman-Fried's Decision On Post-Trial Motions Hints At Possible Appeal

It is not yet clear whether prosecutors want to move forward with the ex-crypto mogul's second trial in March, where he will be tried for five charges.

International Business Times

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FTX and Binance: how latest crypto scandals could influence public opinion on digital currency regulation

True believers in cryptocurrency have had a rough few weeks. The US government just fined Binance – the world’s largest crypto exchange – US$4.3 billion (£3.4 billion) for its involvement in money laundering.

The Conversation

Ex-Inmate Says SBF Was On Suicide Watch In Jail, Didn't Eat And Shower For Days

In an interview with a crypto blogger, mob enforcer-turned-informant Gene Borrello talked about Bankman-Fried and his condition inside the Brooklyn Metropolitan Detention Center as he awaits his sentencing next year.

International Business Times

FTX Wins Court Approval To Sell Nearly $900M Worth Of Grayscale, Bitwise Trust Assets

FTX's stakes in these trusts would be sold in a manner that increases their value and does not impact the broader digital investment market, the court filing read.

International Business Times

Bankman-Fried forced to trade mackerel for prison haircut

The tinned fish is reportedly one of the most popular items from the jail commissary

The Independent UK

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Bankman-Fried Receives Special Treatment In Prison, Is Giving Crypto Advice And Trading Mackerel: Report

Bankman-Fried is seemingly adapting well to this new chapter of his life. The fallen crypto mogul is trading mackerel fish to pay for prison services, a report said.

International Business Times

Binance Founder Zhao’s Wealth Fluctuates Amid Resignation And $4.3B Settlement

Changpeng Zhao's fortune sees ups and downs as he steps down from Binance and faces hefty fines.

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

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

World’s largest crypto exchange pays $4.3bn to settle federal cases as CEO resigns

Binance crypto exhange was facing scrutiny from federal regulators including the Commodity Futures Trading Commission and the Departments of Justice and Treasury

The Independent UK

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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Fortune

Billionaire ‘techno-optimist’ Marc Andreessen is tweeting up a storm about Sam Altman and OpenAI and he’s furious at the AI 'Doomer' movement

The Andreessen Horowitz co-founder has long believed that “software is eating the world,” but he wants the AI space to move faster.

WEKU

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.

Foreign Policy

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

Even experienced journalists got suckered by Sam Bankman-Fried.

Fortune

Crypto app Strike announces partnership with Checkout.com to enable Bitcoin purchases in more than 65 countries

The Jack Mallers-founded firm is expanding its on- and off-ramp services amid a global push.

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news in one place.

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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.

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."

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.

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