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The Latest Breaking News from FTX

The crypto industry is embracing self regulation. It’s time Washington gets on board

Proof-of-reserve measures aren't a substitute for standard audits. They make them better.

Fortune

Prosecutors say FTX founder Sam Bankman-Fried is harassing a key witness at his upcoming trial

Prosecutors say FTX founder Sam Bankman-Fried is harassing a key witness against him at his upcoming trial by publicly disclosing personal things she wrote while she was the chief executive at his cryptocurrency hedge fund trading firm

The Independent UK

Bankman-Fried planned to buy Nauru and build apocalypse bunker – lawsuit

Lawsuit filed against FTX founder, 31, includes memo that detailed plans to purchase Pacific island in case world came to an end

The Guardian - US

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Caroline Ellison paid herself $22.5M bonus around the time she estimated a $10 billion cash shortfall at FTX—lawsuit

She allegedly used some of that 'bonus' to invest in an unnamed A.I. safety and research firm.

Fortune

Caroline Ellison, ex-girlfriend of Sam Bankman-Fried, kept a Google Doc about working for the CEO

“It doesn’t really feel like there’s an end in sight,” Ellison wrote.

Fortune

FTX sues founder Sam Bankman-Fried and three others for $1bn

Lawsuit by cryptocurrency exchange, which collapsed in November, is attempting to recoup assets sought by creditors

The Guardian - UK

SBF's brother planned to buy an island nation with FTX funds to build apocalypse bunker - lawsuit says

The lawsuit also alleges that Bankman-Fried is using customer funds for his own defense.

Fortune

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Stocks Higher, American Express, Biden on AI, Washington Commanders

Stock futures edge higher as tech looks to rebound; American Express earnings on deck as travel, spending impress; President Biden to meet with tech executives to hammer out AI safeguards; FTX trading sues Sam Bankman-Fried, prosecutors suggest witness tampering and NFL owners approve $6 billion sale of Washington Commanders.

The Street

Former FTX Executive Constance Wang Joins Sino Global Capital

Wang's move highlights the resilience of ex-FTX employees amid legal troubles

Zenger

FTX sues Sam Bankman-Fried and other former execs to recoup over $1 billion

The saga surrounding the collapse of crypto company FTX took another twist today after the bankrupt business unveiled a fresh lawsuit against its former boss Sam Bankman-Fried in a bid to recoup hundreds of millions of dollars.

Evening Standard

Lessons from the rise and fall of Sam Bankman-Fried and FTX

Former cryptocurrency king Sam Bankman-Fried has grown quieter as he approaches his federal fraud and conspiracy trial this fall.

The Philadelphia Inquirer

Anthony Scaramucci Reveals the Last Time He Spoke With SBF

TheStreet's J.D. Durkin sat down with Anthony Scaramucci, Former White House communications director at Collision in Toronto to discuss his relationship with Sam Bankman-Fried.

The Street

'Extremely vulnerable to abuse': Token grants back in the spotlight after former Celsius CEO allegedly pocketed $42 million

Alex Mashinsky was arrested Thursday and hit with seven charges, including wire fraud.

Fortune

FTX spent $376 million to get a $2 million license in Europe. Now its caretaker CEO wants most of that money back

The lawsuit alleges Sam Bankman-Fried misspent hundreds of millions on a company run by his acquaintances.

Fortune

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Sports Illustrated

Naomi Osaka Is Challenging Convention and Charting a New Course

While her tennis is on pause, the 25-year-old has proven that she can still be competitive and stay connected to sport through her various off-court pursuits.

Zenger

Tucker Carlson Tells Andrew Tate It Would Be Easier To Create A Fake Crypto Like FTX

Carlson engaged in a Twitter show with controversial internet personality Andrew Tate took a dig at Sam Bankman-Fried.

The Guardian - AU

More scrutiny of Australian financial services licences needed, says parliamentary committee after collapse of FTX

Asic did not assess cryptocurrency trading company’s fitness to hold a licence as it was obtained via transfer

Zenger

Tom Brady’s Association With Collapsed FTX Exchange Left Him With Huge Losses

Former NFL star Tom Brady reportedly lost millions of dollars from his association with other celebrities.

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Tribune News Service

Sam Bankman-Fried reportedly backed out of Taylor Swift-FTX partnership, not other way around

Taylor Swift wasn’t the one who backed out of a partnership with cryptocurrency exchange FTX, before the company went bankrupt, despite claims to the contrary.

Sports Illustrated

Report: How Much Money Tom Brady Lost With Collapse of FTX Last Year

The former quarterback was one of many celebrities caught up in the cryptocurrency craze.

Fortune

Never ever getting back together: Taylor Swift actually was dumped by FTX after signing $100 million-plus deal, new report says

Taylor Swift may not have been the securities law expert she was thought to be.

Fortune

The 'crypto canary in the coalmine' that regulators totally missed.

Cred came before FTX, Celsius, and the current gallery of crypto rogues. It offered valuable lessons—if only someone had paid attention to them.

Fortune

Cathie Wood says BlackRock doesn’t have an edge when it comes to SEC approval for a spot Bitcoin ETF

Institutional interest in crypto was "thrown off" last year when FTX collapsed, "but I think we've seen the worst," says the CEO and founder of ARK Invest.

Fortune

Crypto lender Cred collapsed in 2020 after pulling in $135 million from customers. Its shady dealings foreshadowed FTX’s downfall—but regulators didn’t notice

Cred and its successor Earnity have been accused of using many sloppy tactics from the Sam Bankman-Fried playbook.

Fortune

Why Binance's Yi He is no Caroline Ellison

Yi He, an important behind-the-scenes influence at Binance and the mother of the founder's children, takes a rare step into the limelight.

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