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The Latest Breaking News from SBF

Former FTX CEO Sam Bankman-Fried ordered to jail after judge revokes his bail

A federal judge has decided the disgraced former CEO of the cryptocurency exchange should be sent to jail as he awaits trial on fraud charges.

WEKU

Want to quickly spot idiots? Here are five foolproof red flags

The governor of Illinois went viral with a speech about seeing idiots in one’s midst. I have a few pointers of my own to offer

The Guardian - US

Caroline Ellison paid herself $22.5M bonus around the time she estimated a $10 billion cash shortfall at FTX—lawsuit

She allegedly used some of that 'bonus' to invest in an unnamed A.I. safety and research firm.

Fortune

From analysis to the latest developments in health,
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Scottish Building Federation names new president

New leader promises to represent member interests around skills and green jobs

Insider UK

A former FTX insider joins the class action lawsuit against celebs like Tom Brady and Shaq who touted crypto

Dan Friedberg, former compliance chief at FTX, will cooperate with lawyers bringing a class action suit against celebrity promoters.

Fortune

Former FTX compliance chief turns whistleblower in crypto suit against Tom Brady, Shaq and celebrity promoters

“He called us and said he wanted to help the victims,” says lawyer Adam Moskowitz. The plan is for the “class” to drop all claims against Dan Friedberg in exchange for his cooperation.

Fortune

Robinhood and Coinbase shares end February on down note

Robinhood and Coinbase ended the month down 6.6% and 1.3%, respectively.

Fortune

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Prosecutors want to take away SBF's internet access

Prosecutors asked the judge overseeing his case to restrict SBF from using phones, tablets, computers, or the internet, with few exceptions.

Fortune

‘Sam? Are you there?!’ The bizarre and brutal final hours of FTX

How Sam Bankman-Fried and his band of millennial millionaires lost a $40bn crypto empire

Financial Times

Anthony Scaramucci says his experience with FTX and its ‘sociopathic’ founder Sam Bankman-Fried was ‘extremely disappointing.’ So why is he investing in a company run by a former executive of the imploded exchange?

Scaramucci accused the FTX founder Sam Bankman-Fried of intentionally duping many people, but said he had faith in former FTX exec Brett Harrison.

Fortune

Sam Bankman-Fried's family has been dragged into FTX's bankruptcy proceedings

In a court filing last week, lawyers for FTX’s new management team asked the judge overseeing the bankruptcy to issue subpoenas to SBF’s family.

Fortune

Sam Bankman-Fried’s Stanford professor father is up to ‘his eyeballs’ in son’s legal drama, report says

SAN JOSE, Calif. — More news continues to unfold in the saga of Sam Bankman-Fried and his Stanford Law professor parents, as they together endure the misery of his house arrest, surrounded by 24-hour security, in the family’s home near the Stanford campus.

Tribune News Service

Bitcoin Spikes To $19,800 Price After FTX Asset Recovery

Bitcoin price jumped to a one-month high after FTX lawyers announced they recovered $5 billion in liquid assets.

Investors Business Daily

Here’s how VC funding is shaping up now, in 3 charts

Global venture funding has hit its lowest levels since the beginning of the pandemic.

Fortune

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Zenger

Citigroup Passed On Alameda Research Partnership Due To Lack Of Risk Management: Report

Banking giant Citigroup considered partnering with Alameda Research, now-bankrupt crypto trading firm, to launch a crypto lending.

Fortune

SBF to face criminal charges in Manhattan Tuesday

FTX founder expected to plead not guilty to eight criminal counts.

Fortune

Fortune Crypto's 2022 Jealousy List

Here are some of the best crypto—and a few non-crypto—stories our reporters and editors read in 2022.

Fortune

Crypto's very bad year yielded even worse falls from grace. Here's a list.

Some of the industry’s biggest names fell from historic highs historically quickly.

Get all your
news in one place.

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One news app.

Al Jazeera

What is the post-FTX future of cryptocurrency?

Cryptocurrencies, experts say, have mainly been speculative, which only worked as long as real dollars were there.

Investors Business Daily

FTX Founder Sam Bankman-Fried Makes First Court Appearance; Released On $250 Million Bond

Sam Bankman-Fried was extradited to the U.S. late Wednesday as federal prosecutors continue to build their case against SBF with charges against two key associates.

Evening Standard

FTX founder Sam Bankman-Fried touches down in New York to face fraud charges

Two of Sam Bankman-Fried’s top associates have pleaded guilty to criminal charges related to the operation of FTX

The Guardian - UK

Why were the media hypnotised by Sam Bankman-Fried?

Credulous or ignorant interviewers made it easier for the disgraced crypto wunderkind to pull the wool

The Guardian - US

Fraud, cons and Ponzi schemes: did Sam Bankman-Fried use Madoff tactics?

The fallen crypto mogul is fighting off accusations he followed a similar playbook to Madoff – and deceived investors in the process

inkl Originals

The Weekly Wrap for Saturday, 17 December 2022

This man needs little introduction. He's a scoundrel who drank his own bath water. A gambling exemplar of modern techno-capitalism. And if we lived in a just society, Sam Bankman-Fried would be TIME magazine's Person of the Year.

Fortune

FTX’s venture investments in limbo with SBF in custody and prosecutors and lawyers circling crumbs of his crypto empire

The SEC claims Sam Bankman-Fried used FTX customer funds to make venture investments.

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