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The Latest Breaking News from Alameda

Leaked FTX documents offer clues as to why VCs may have ignored due diligence

Staggering growth and FOMO whetted the appetite of venture capitalists, as evidenced by early SBF pitch files.

Fortune

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

Bankman-Fried Received $1Bn in Personal Loan from His Company

The founder of the FTX cryptocurrency exchange borrowed money from one of his bankrupt companies.

The Street

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

How a huge cryptocurrency exchange failed

The convoluted story of two intertwined companies which brought the value of cryptocurrencies to their knees.

Newsroom.co.nz

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…

The Conversation

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.

Fortune

SBF’s dangerous decision-making philosophy that brought down FTX

SBF and Elon Musk's coin-flipping approach to business can work–until it doesn't. Here's why, according to cognitive scientist Gleb Tsipursky.

Fortune

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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

The Independent UK

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

Crypto businesses brace for FTX aftershock

The knock-on effects of the exchange's unwinding are starting to show.

Axios

Sam Bankman-Fried was hailed as a crypto wonder child. What happened?

Bankman-Fried promoted himself as an eccentric genius. In reality, his image was a distraction from what was going on inside FTX

The Guardian - US

Blockworks' Digital Assets Summit Showcases Crypto Solutions To Real-World Problems In Banking And Money Flow

Last month, Blockworks hosted its Digital Asset Summit (DAS) at the Royal Lancaster Hotel in London, England. During this event, builders, financiers and enthusiasts gathered to speak about the new world of finance and cryptocurrency that’s still developing.

Benzinga

Fallen FTX Founder Cheated to Make More Money on His Platform

Sam Bankman-Fried used an old trick to make more money on his crypto exchange FTX, according to the Wall Street Journal.

The Street

Bankrupt Crypto Exchange FTX Under Investigation

Plus: Democrats retain control of Senate, RIP Sharon Presley and Martin Wooster, and more...

Reason

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Axios

The week the crypto dream died

FTX, SBF and the week the crypto dream died

Fortune

Most CFOs never liked crypto—even before FTX's collapse

The fall of one of the largest cryptocurrency exchanges is a finance horror story.

Fortune

A closer look at Sam Bankman-Fried’s Alameda Research and 20-something CEO Caroline Ellison

Ellison said in a podcast that working for the fund meant "a lot of adjustments" with the "most obvious big thing is that the equity markets are way more efficient than crypto markets."

The Guardian - US

At least $1bn in investor assets missing after FTX collapse – reports

Sources tell Reuters funds were part of $10bn founder Sam Bankman-Fried transferred to his hedge fund

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news in one place.

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inkl Originals

The Weekly Wrap for Saturday, 12 November 2022

Sam Bankman-Fried's cryptocurrency empire collapsed this week. His $16bn personal fortune was incinerated in a matter of days (another rousing win for the normative determinists). Not bad for a 30-year-old.

The Guardian - UK

How Binance played a key role as FTX collapse unfolded

Cryptocurrency exchange run by Changpeng Zhao pulled out of deal to rescue its rival

The Conversation

FTX contagion will be ugly within crypto, but probably less damaging to the wider world

Crypto assets are infamous for being highly speculative and volatile, but it is their “debt problems” that have once again made headlines. Since November 2021, the total value of cryptocurrencies has now fallen from a peak of over US$3 trillion (£2.6 trillion) to circa US$830 billion (£706 billion).

The Street

Crypto Billionaire Bankman-Fried's Huge Fortune Plummets to $0

Sam Bankman-Fried, 30, still had a net wealth valued at $15.6 billion on November 8.

Los Angeles Times

Michael Hiltzik: A cryptocurrency billionaire implodes, showing that the whole field is built on quicksand

For a while there, Sam Bankman-Fried looked like the real thing.

Axios

A tentative crypto deal looks increasingly shaky

Folks are starting to wonder if, after the dust settles, there will be an FTX.com left for Binance to buy.

The Street

Bumpy Road for Coinbase, Microstrategy and Bitcoin

The crypto industry is reeling from the emergency acquisition of the empire of the sector evangelist Sam Bankman-Fried.

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