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The Latest Breaking News from FTX

From crypto bro to commerce secretary pick: Howard Lutnick’s glaring conflict of interest

Trump’s choice shows how his friends and their business interests benefit from policy positions in his administration

The Guardian - US

Tom Brady’s Net Worth: How The NFL Legend Built His $300M Fortune

Discover how Tom Brady built his $300 million net worth through his NFL career, endorsements, and savvy investments. Explore his journey to financial success in 2024! The post Tom Brady’s Net Worth: How The NFL Legend Built His $300M Fortune first appeared on Bored Panda.

Bored Panda

FTX Executives Shave Time Off Prison Sentences

Former FTX executives convicted in a crypto fraud case see reductions in prison sentences. Salame's release date moved to March 1, 2031, and Ellison to Jul...

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FTX co-founder gets no prison time after cooperating in case against Sam Bankman-Fried

An apologetic FTX co-founder has been sentenced to no time in prison after a prosecutor and a judge praised his cooperation against Sam Bankman-Fried and his efforts to recover money for victims of the cryptocurrency fraud

The Independent UK

Bitcoin clears $93,000 and Dogecoin soars amid Trump-fueled crypto rally

Cryptocurrency boosters are expecting the president-elect’s economic team to be crypto-friendly

The Guardian - US

Bankrupt and disgraced FTX sues Binance for $1.8 billion in bare-knuckle crypto feud

Imprisoned crypto king Sam Bankman-Fried is now accused of yet even more wrongdoing, this time by the defunct exchange he founded.

The Independent UK

US Seeks Recovery Of Millions In Crypto Linked To SBF's Alleged Chinese Officials Bribe

The U.S. has filed a legal complaint to recoup over $17 million in various cryptocurrencies linked to Sam Bankman-Fried's alleged bribery of Chinese officials in 2021.

International Business Times

Lena Dunham to write Sam Bankman-Fried movie for Apple

The Girls creator is set to adapt Michael Lewis’s bestselling 2023 book on the controversial FTX founder

The Guardian - US

FTX sues Binance and former CEO Zhao for $1.8 billion received as part of a “fraudulent” share deal

The lawsuit alleges that Bankman-Fried bought out Binance while knowing his firms were insolvent.

Fortune

FTX Sues Crypto Exchange Binance For $1.8 Billion

FTX is suing Binance and its former CEO, Changpeng Zhao, for $1.8 billion, accusing them of engaging in a fraudulent share deal in July 2021.

International Business Times

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The Street

FTX sues Binance as crypto chaos continues

Conway Gittens: I’m Conway Gittens reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet today. The stock market is coming off of its best week of the year and extending that rally into this new week. Bitcoin jumped above $82,000 for the first time on belief…

The Guardian - UK

Bitcoin breaks $83,000 for first time on Trump trades; UK government sells £1bn of NatWest shares – as it happened

Cryptocurrency more than doubles since January on hopes of lighter regulation; latest share sale takes UK Treasury’s holding in NatWest to 11.4%

The Independent UK

Caroline Ellison begins 2-year sentence for her role in Bankman-Fried's FTX fraud

A former top executive in Sam Bankman-Fried’s fallen FTX cryptocurrency empire has begun her two-year prison sentence

International Business Times

US Government-Linked Wallet Converts Seized Alameda $ANT To $ETH Ahead Of AragonDAO Deadline

The digital wallet that held cryptocurrencies seized from collapsed Alameda Research has converted its $ANT tokens into $ETH, two days shy of the deadline set by AragonDAO for token redemption.

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The Independent UK

Ex-FTX executive spared prison sentence after cooperating against Sam Bankman-Fried

An ex-FTX executive who testified against the cryptocurrency firm's founder at his trial last year has been spared a prison sentence

Top News

Former FTX Executive Spared Prison Sentence For Cooperation

Former FTX executive Nishad Singh spared prison sentence for cooperating in fraud case. His testimony helped uncover crimes and led to charges against others.

Fortune

Insight Partners has paid out nearly $8 billion this year—but returns for its giant 2021 fund have mostly come up dry

The lack of distributions is leading to a rise in continuation funds in private equity

International Business Times UK

Who Is Ryan Salame? US Tech CEO Announces New Position On LinkedIn: Prison Inmate

Former FTX Digital Markets CEO Ryan Salame, known for his role in the collapse of the cryptocurrency exchange, has ironically announced his new position as a prison inmate on LinkedIn after being sentenced to seven and a half years for illegal political contributions and financial misconduct.

Bored Panda

Former CEO Makes A “Happy” LinkedIn Update: “I’m Starting A New Position As Inmate”

The internet is having a field day as FTX's former top executive Ryan Salame announces his prison sentence on LinkedIn. The post Former CEO Makes A “Happy” LinkedIn Update: “I’m Starting A New Position As Inmate” first appeared on Bored Panda.

Fortune

Former FTX lieutenant Ryan Salame updated his LinkedIn for his new role—federal inmate

Unlike Sam Bankman-Fried’s other deputies, Salame did not cooperate with prosecutors.

Fortune

Convicted FTX exec announces his ‘new role’ at Maryland prison on LinkedIn

Ryan Salame announced he was moving on from the fraudulent crypto exchange to his next challenge at a Maryland federal penitentiary.

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