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The Latest Breaking News from Cryptocurrency

FTX had 'complete failure' of controls, new CEO says

New York (AFP) - Collapsed cryptocurrency exchange FTX suffered a "complete failure of corporate controls" under founder Sam Bankman-Fried, the company's new chief executive said Thursday, calling the situation "unprecedented."

AFP

Incompetent or Crook? FTX's Bankman-Fried Creates Confusion

The founder and former CEO of the cryptocurrency exchange FTX tries to explain what precipitated the downfall of his empire.

The Street

FTX Founder and Co Are "Potentially Compromised"

John Ray, the new CEO in charge of restructuring the cryptocurrency exchange, makes a scathing indictment of the Bankman-Fried years.

The Street

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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

Fallen FTX Founder Says He Didn't Know What Was in the Books

The founder and former CEO of the cryptocurrency exchange FTX tries to explain what precipitated the downfall of his empire.

The Street

Binance boss pledges to release audit, throws 'psychopath' jab

Abu Dhabi (AFP) - The head of Binance, the world's top cryptocurrency exchange, pledged Thursday to release an audit into the firm and rejected claims he sparked the recent collapse of rival platform FTX.

AFP

Sports world tries to sidestep collapse of sponsor FTX

Paris (AFP) - The collapse of the cryptocurrency exchange FTX has sent shockwaves through sport, which the platform used widely to build its brand.

AFP

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David Attenborough slams Twitter over flood of fake accounts expoiting his name

'I hope no one has been misled by these dishonest advertisements' - Sir David

Daily Mirror

FTX bankruptcy is bad news for the charities that crypto mogul Sam Bankman-Fried generously supported

FTX, an exchange for trading cryptocurrencies, quickly became bankrupt and defunct in November 2022. Its founder, Sam Bankman-Fried, is broke, and the 30-year-old former billionaire could be in serious legal trouble for his alleged financial improprieties. The Conversation asked Brian Mittendorf, an accounting scholar at The Ohio State University, to…

The Conversation

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

FTX Collapse About to Claim First Huge Victim: BlockFi

The crypto lender, which had been bailed out by FTX, is reportedly preparing to file for bankruptcy.

The Street

FTX Collapse Sparks Calls to Jail "Bernie Madoff of Crypto"

The cryptocurrency exchange suddenly collapsed on November 8, leaving millions of investors reeling.

The Street

Crypto's biggest player says most people shouldn't invest in crypto right now

Binance's CZ calls on the crypto community to help 'rebuild' after FTX collapse, while advising first-time investors to stay away.

Fortune

Why were so many smart people so dumb about FTX? Did they seriously just like Sam Bankman-Fried’s ‘vibe’?

The collapse of the cryptocurrency exchange will cost investors billions. But why would anyone give money to a man who plays video games in important meetings?

The Guardian - UK

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Tribune News Service

FTX failure may strengthen case for more robust crypto regulation

WASHINGTON — The spectacular collapse of major cryptocurrency exchange FTX is prompting calls for stronger regulation in Congress, where some bipartisan proposals are being characterized as too industry friendly.

Los Angeles Times

Michael Hiltzik: Crypto tycoon Sam Bankman-Fried didn't lose a $16 billion fortune. His 'fortune' was never real

The Greek tragedy unfolding in the financial press over the last week is the story of Sam Bankman-Fried, the would-be cryptocurrency tycoon and political kingmaker whose multibillion-dollar empire has sunk like the Titanic after its encounter with the iceberg.

The Street

Fallen FTX Founder Bankman-Fried Posts Erratic, Disturbing Messages

Sam Bankman-Friend and FTX are under investigation after the abrupt bankruptcy of the cryptocurrency exchange.

Roll Call

FTX failure may strengthen case for more robust crypto regulation - Roll Call

Lawmakers say the collapse of FTX should strengthen the case for Congress to pass legislation to regulate the cryptocurrency industry.

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WEKU

FTX made a cryptocurrency that brought in millions. Then it brought down the company

The now-bankrupt cryptocurrency exchange FTX made real money off of its own digital currency, called FTT. That currency is practically worthless now, but investors continue to trade it.

AFP

After FTX collapse, cryptocurrency sector fights back

London (AFP) - The failure of the FTX platform has undermined investor confidence and threatened the young cryptocurrency sector, pushing its main players to mobilise to save it.

Benzinga

Bitcoin, Ethereum, Dogecoin Surge On CZ's 'Recovery Fund' Optimism: False Rally Or True Comeback?

Major coins surged on Monday, with the overall cryptocurrency market capitalization rising nearly 4.5% to $843.35 billion.

The Guardian - AU

AFL stands by Crypto.com partnership amid fears of a cryptocurrency meltdown

League says no change to deal with Singapore-based exchange, as market is rocked by FTX collapse

Fortune

Is the collapse of Bankman-Fried's FTX crypto empire the end of Effective Altruism?

The one-time billionaire was closely associated with Effective Altruism. Now some fear for the movement's future.

Benzinga

If You Invested $1,000 In Bitcoin 1 Year Ago, Here's How Much You'd Have Now

Leading cryptocurrency Bitcoin (CRYPTO: BTC) had a breakout year in 2021, hitting all-time highs. Recent events have sent the entire cryptocurrency market down. Here’s a look at how an investment one year ago would be doing now.

The Street

Bitcoin Billionaire Saylor Blasts "Corrupt Crypto-Bank" FTX

The crypto evangelist believes that the debacle of the cryptocurrency exchange is a very bad publicity for bitcoin.

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