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The Latest Breaking News from Alameda

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.

inkl Originals

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 Guardian - UK

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 Conversation

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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.

The Street

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.

Los Angeles Times

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.

Axios

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.

The Street

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Crypto Crisis: Bitcoin Collapses By 17% and Sees No Hope

Cryptocurrency market drops 11% in 24 hours as questions about crypto firms' solvency mount.

The Street

Crypto Stocks In For Another Tough Day Amid FTX Crisis — Coinbase Plunges 5% Premarket

The collapse of Sam Bankman-Fried’s FTX cryptocurrency exchange and its subsequent bailout by Binance brought to the fore the vulnerability of digital currencies and related instit

Benzinga

Coinbase Says It's in No Danger of Running Out of Cash

The Street

Binance Passes On FTX Takeover, Bitcoin Rebounds On CPI Data

Binance will not buy FTX's non-U.S. operations as the exchange faces a liquidity crisis. Cryptocurrency prices rebound on Thursday CPI data

Investors Business Daily

FTX.com Revives Fears of Crypto Crash

Cryptocurrency exchange FTX.com has agreed to sell to competitor Binance, 48 hours after speculation over its financial health.

The Street

Crypto Shaken and Threatened By the Clash Between Two Billionaires

Sam Bankman-Fried and Changpeng Zhao are two of the best known faces in the crypto industry.

The Street

Are FTX And Alameda Research Merging Or Not?

There's conflicting reports about cryptocurrency exchange FTX absorbing the VC arm of its sister company Alameda Research.

Investors Business Daily

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Investors Business Daily

Cryptocurrency Price And News Weekly Wrap-Up For Aug. 26, 2022

Get caught up on the latest cryptocurrency news, crypto ETFs to watch, the upcoming Bitcoin Depot IPO and more with a wrap-up for the week of Aug. 26.

Bangkok Post

The 30-Year-Old Spending $1 Billion to Save Crypto

Crypto is ailing. Sam Bankman-Fried is betting a billion dollars he can fix it.

The Street

Crypto: Customers of Bankrupt Lender May Get their Money Back Soon

Voyager Digital recently filed for Chapter 11 bankruptcy, victim of the liquidation of a hedge fund to which it had lent large sums of money.

Benzinga

BREAKING: In-Depth Details Of FTX Proposal To Voyager Digital Customers

Following the Voyager Digital (OTC: VYGVF) bankruptcy filing in New York earlier this month, Sam Bankman-Fried's crypto exchange FTX on Friday announced a joint offer with West Realm Shires, the owner and operator of FTX US, and Alameda Ve

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The Street

Crypto Crash: A First Big Domino Falls...Who's Next?

Hedge fund Three Arrows Capital (3AC), which bet big on failing crypto Luna and UST, falls into liquidation.

The Street

The Young Billionaire Who Wants to Save Crypto From Chaos

Since the cryptocurrency crash, embattled firms have turned to one name to avoid their collapse: Sam Bankman-Fried.

The Street

Sam Bankman-Fried, the Young Billionaire Who Wants to Save Crypto

Since the cryptocurrency crash, embattled firms have turned to one name to avoid their collapse: Sam Bankman-Fried.

The Street

Crypto Warning From Within: Billionaire Says More Bad News Ahead

The crypto industry is currently undergoing a truth test that will determine which projects are viable

The Street

Crypto: Fear Returns with the Default of a Prominent Hedge Fund

Cryptocurrency prices drop again after a Three Arrows Capital payment default.

Benzinga

Voyager Digital Ltd (OTCQX: VYGVF) shares are falling Wednesday after the company revealed significant exposure to Three Arrows Capital (3AC) and announced a loan agreement with Sam Bankman-Fried’s Alameda.

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