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The Latest Breaking News from Changpeng Zhao

FTX Latest: Regulators Close-In, Sponsor Deals Die, Bitcoin Resumes Slide

FTX could close its U.S. operations within days, the group warned late Thursday, as it scrambles to find around $9 billion to save the collapsing crypto-trading empire of Sam Bankman-Fried.

The Street

ASIC is looking into FTX’s Australian operations following the cryptocurrency exchange’s collapse

The financial watchdog is speaking to FTX’s Australian arms about what the sudden downfall of one of the world’s most valuable cryptocurrency companies means for its local operations.

Crikey

Changpeng Zhao, the undisputed king of crypto

Paris (AFP) - At parties, on stages and in meetings, Changpeng Zhao is rarely seen without his black polo shirt, emblazoned with the insignia of his crypto firm Binance.

AFP

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Former Billionaire Behind Crypto Crash Apologizes: "I F----- Up"

Sam Bankman-Fried has apologized as the damage caused by the fall of his empire is still far from fully known.

The Street

What happened to FTX and could the crisis spill over to the rest of crypto?

International exchange for crypto assets is in effect unregulated – and may have been built on sand

The Guardian - UK

"I Fucked Up" Says Former Crypto Billionaire Behind Crash

Sam Bankman-Fried has apologized as the damage caused by the fall of his empire is still far from fully known.

The Street

Cryptocurrencies: why Binance's failed FTX rescue deal could mean 'crypto winter' is coming

Life in the cryptocurrency industry is rarely quiet for long, and after a tumultuous summer, it seems the market is now entering a “crypto winter”. Over the past week, the founders of two of the largest cryptocurrency exchanges – Binance and FTX – have had a public Twitter spat that…

The Conversation

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Tom Brady and Steph Curry's Crypto Firm Looks For a Savior

FTX.com, exchange platform for buying and selling bitcoin and other coins, actively seeks a savior.

The Street

Binance deal for FTX collapses

Binance pulled out of the deal after its corporate due diligence and reports of mishandled funds.

Al Jazeera

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

Big Short Michael Burry Says Don't Touch Crypto Unless...

The advice of the legendary financier comes in the midst of a crisis of confidence in the cryptocurrency industry.

The Street

Crypto Crisis: Binance Abandons Cash-Strapped FTX

The world' largest cryptocurrency platform says its rival's problem is bigger than it thought.

The Street

Binance Drops FTX Acquisition, Cryptos Trade Deep In The Red: 'The Issues Are Beyond Our Control'

Binance walked away from a deal to acquire FTX.com Wednesday after examining the company’s financials.

Benzinga

Binance CEO Says No 'Master Plan' To Take Over FTX, Warns Employees 'DO NOT Trade FTT Tokens'

Binance CEO Changpeng Zhao on Wednesday asserted he did not “master plan” the deal with FTX and the failure of Sam Bankman-Fried's cryptocurrency exchange was in no way a win for the world’s

Benzinga

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Investors Business Daily

FTX Crisis: Tron Offers Relief, Bankman-Fried Apologizes, Provides FTX Update

Tron is offering relief for distressed crypto exchange FTX as CEO Sam Bankman-Fried apologized for the liquidity crisis, potential bankruptcy

Fortune

Chinese crypto billionaire poised to acquire distressed rival says it’s not a ‘win’

Binance made a nonbinding offer to buy FTX on Tuesday. The deal was already looking shaky on Wednesday.

The Street

The King of Cryptocurrency Finds Himself Without a Throne

Former trader Sam Bankman-Fried, 30, was still on top of the crypto world on Nov. 8 until 11:02 a.m. ET.

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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news in one place.

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The Street

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

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

AFP

FTX collapse gives crypto sector 'another black eye'

New York (AFP) - Even for a sector regularly rocked by bankruptcies, the collapse of FTX –- a cryptocurrency platform worth $32 billion at the beginning of the year -- came as a shock.

Benzinga

Here's How Much Sam Bankman-Fried Lost In Wealth Tuesday — And How It Compares To Mark Zuckerberg's Rough 2022

One of the biggest names in cryptocurrency may have had one of the worst days as a billionaire, a status that could now be over.

Benzinga

Bitcoin, Ethereum, Dogecoin Crash: Analyst Says Crypto's 'White Knight' Needing Binance Rescue Causing 'Wave Of Uneasiness'

Major cryptocurrencies crashed Tuesday evening as the global cryptocurrency market cap plunged 10.4% to $916.2 billion at 8:09 p.m.

The Street

Tom Brady and Steph Curry Among Stars Caught up in Crypto Drama

Splashy endorsement and sponsorship deals by FTX now in doubt as cryptocurrency exchange seeks bailout from rival Binance.

The Street

Crypto Billionaire Bankman-Fried Loses Entire Fortune in One Day

The 30-year-old billionaire was forced to sell his crypto firm empire on Nov. 8 to a major rival due to a cash crisis.

AFP

Crypto kid Sam Bankman-Fried falls prey to Binance

Paris (AFP) - Sam Bankman-Fried has undergone a rapid transformation from top of the heap in the world of cryptocurrencies as chief of the FTX digital exchange to embattled executive forced to seek help from rival Binance.

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