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The Latest Breaking News from FTX

As crypto embraces A.I., a major exchange scraps its ChatGPT integration

Bitget, the fifth-largest derivatives crypto exchange, said that the artificial intelligence tool was providing false information to its users.

Fortune

It's tempting to feel sorry for FTX nerd Caroline Ellison, but she should still go to prison

It's tempting to excuse Caroline Ellison based on her brilliance and awkwardness, but her actions are unforgivable.

Fortune

Prosecutors say Sam Bankman-Fried's arguments to dismiss cryptocurrency charges are meritless

New York prosecutors say Sam Bankman-Fried's lawyers made meritless arguments in a bid to convince a judge to toss out criminal charges alleging that the FTX founder stole from investors in his multibillion dollar cryptocurrency fund

The Independent UK

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Sam Altman’s Worldcoin Secures $115M In VC, Hopes To Grow From 2M Users To Billions

Sam Altman’s crypto initiative seeks to regain the popularity of the digital currency space after the fall of FTX.

Zenger

Shaquille O'Neal tracked down and served by cryptocurrency lawsuit during NBA playoff game

NBA legend Shaquille O'Neal was served legal documents during a broadcast of the Miami Heat's NBA Eastern Conference playoff final game for a complaint on collapsed cryptocurrency exchange FTX

Daily Mirror

Caroline Ellison: How a young math whiz with an appetite for risk became a major player in Sam Bankman-Fried’s corrupt crypto empire

After the fall of the cryptocurrency exchange FTX and the trading firm she ran, Alameda Research, the 28-year-old became an unlikely celebrity—and a public villain.

Fortune

Shaq finally got served papers for the FTX lawsuit while covering the Heat-Celtics series in the former FTX Arena

What a wild saga this has become.

USA Today Sports Media Group

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Shaq Had Steph Curry Feeling So Awkward With What Seemed to Be a Subtle FTX Joke

O’Neal: ‘Thanks for getting me in trouble. Don’t say nothing.’

Sports Illustrated

Did Shaquille O’Neal blame his crypto legal saga on Steph Curry while interviewing him?

Both individuals were named in a class action lawsuit filed against FTX.

USA Today Sports Media Group

Axios Harris Poll 100: Year of the tarnished titans

Our annual survey of brand reputation shows just how far some of the mighty have fallen.

Axios

UK Members Worry About The Risks Of Cryptocurrency And Non Existing Regulations

UK lawmakers want to treat cryptocurrency trading like gambling as the fall of FTX has brought concern to world regulators.

Zenger

When did Michael Lewis know about SBF?

The 'Moneyball' author's forthcoming book on Sam Bankman-Fried promises to be a good one, but Lewis has yet to say when he found out his subject was a conman.

Fortune

Shaq’s been on TV nonstop during the NBA playoffs—but here’s the strange tale of how he avoided FTX crypto class action papers for months

The chase was part of a much publicized, multi-billion dollar class action suit brought against eleven celebrities who’d famously promoted the bankrupt crypto exchange FTX.

Fortune

Michael Lewis had a front row seat to Sam Bankman-Fried's downfall. He called the disgraced former FTX CEO 'the ideal subject'

Michael Lewis had shadowed SBF for a year before his arrest in December.

Fortune

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The Guardian - UK

FTX founder Sam Bankman-Fried ‘let me see everything’ for new book, says Michael Lewis

The Big Short author was given unlimited access to failed cryptocurrency exchange founder for Going Infinite: the Rise and Fall of a New Tycoon

Fortune

How George Santos and Sam Bankman-Fried's FTX are connected by campaign contributions

The disgraced figures both wielded political donations for influence.

Fortune

A former FTX insider joins the class action lawsuit against celebs like Tom Brady and Shaq who touted crypto

Dan Friedberg, former compliance chief at FTX, will cooperate with lawyers bringing a class action suit against celebrity promoters.

Fortune

Former FTX compliance chief turns whistleblower in crypto suit against Tom Brady, Shaq and celebrity promoters

“He called us and said he wanted to help the victims,” says lawyer Adam Moskowitz. The plan is for the “class” to drop all claims against Dan Friedberg in exchange for his cooperation.

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Fortune

New York crypto bill exposes rifts among key regulators

The financial capital of the world is debating the future of digital asset oversight.

Fortune

Robinhood’s crypto revenue nearly matches last quarter’s, with plan to buy back $500 million in stock from Sam Bankman-Fried ‘ongoing’

Year-over-year crypto revenue fell 30%, but a 1% decline from the fourth quarter could be a good omen.

Fortune

'Classic rush to judgment': Sam Bankman-Fried seeking to dismiss all but 3 criminal charges

The disgraced founder's lawyers describe the government's response as "dramatic—and troubling."

The Independent UK

FTX founder Sam Bankman-Fried seeks dismissal of all but three charges in crypto collapse indictment

FTX founder Sam Bankman-Fried is seeking a dismissal of criminal charges against him, saying prosecutors have improperly turned civil and regulatory issues into federal crimes

The Street

Big Crypto Exchange Goes Bankrupt

Cryptocurrency exchange Bittrex filed for bankruptcy on May 8, becoming the second largest platform for buying and selling coins to fail after FTX, amid a legal fight with a powerful regulator.

The Street

Stocks Slip Lower, PayPal Slides, Fox Earnings On Deck, SBF Seeks Dismissals, Biden Debt Ceiling Talks - 5 Things To Know

Stock futures lower with inflation data in focus; PayPal slides as margin concerns offset earnings beat; Fox shares edge higher ahead of Q3 earnings report; Sam Bankman-Fried asks judge to dismiss bulk of changes in FTX collapse and President Biden set for 'big four' meeting as debt ceiling deadline looms.

The Independent UK

FTX founder Sam Bankman-Fried seeks dismissal of indictment

FTX founder Sam Bankman-Fried is seeking a dismissal of criminal charges against him, saying prosecutors have improperly turned civil and regulatory issues into federal crimes

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