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The Latest Breaking News from FTX

FTX, Luna, Celsius, Voyager: The Year of Crypto Bankruptcies

This year was a dark streak for the crypto industry, which has certainly been shaken up but should use this as an opportunity to mature.

The Street

Thanks to FTX, regulating crypto should be easy

As the demise of the FTX crypto empire unfolds — on Twitter, in bankruptcy proceedings, in congressional hearings and potentially in criminal court — lawmakers and regulators are grappling with a question: What, if anything, should they do to civilize a market so rife with abuse?

Tribune News Service

'I Knew What I Was Doing Was Wrong,' Says FTX Co-Founder

Former CEO of Alameda Research, FTX's sister company, just also annihilated Sam Bankman-Fried's line of defense.

The Street

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Judge kept FTX execs' plea deals secret to get founder to US

A judge agreed to keep secret that two of Sam Bankman-Fried's executive associates were cooperating with investigators so that the cryptocurrency entrepreneur would not change his mind and fight extradition from the Bahamas to the United States

The Independent UK

It was the end of easy money that took the shine off tech in 2022

City comment: After a period of naïve optimism and financial malpractice, it’s time for the tech sector to snap back to reality

Evening Standard

FTX: Financier Ackman Says Things Aren't Looking "Good" For Bankman-Fried

The legendary investor has no sympathy for the fallen founder of the bankrupt cryptocurrency exchange, whom he compares to Bernie Madoff.

The Street

A 'kitchen sink' approach won't work for DeFi legislation

DeFi has unique pros and cons, and it requires unique oversight.

Fortune

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Michael Hiltzik: Musk's genius, Putin's prowess and other victims of the Year of Fails

'Tis the holiday season, when we pundits look back at the most uplifting moments of the last year and ahead to what may gladden our hearts in the next.

Los Angeles Times

Sam Bankman-Fried Gets Out on $250 Million Bail

Former CEO of FTX will live at his parents home in California while he awaits trial in the massive collapse of crypto exchange FTX.

The Street

Sam Bankman-Fried released to parents’ home on $250 million bail while awaiting crypto fraud trial

The 30-year-old is accused of stealing billions in customer funds from cryptocurrency exchange FTX

Evening Standard

ASX in the red as Wall Street tumbles in Christmas sell-off, Tesla shares tank — as it happened

The ASX was dragged down by a fall on Wall Street as US stocks resumed their December sell-off, while Tesla shares lost nearly 9 per cent after it offered discounts of $US7,500 on US sales.

ABC News

Bankman-Fried released on $250 million bond in FTX fraud case

NEW YORK — Sam Bankman-Fried was released on a $250 million bail package after making his first U.S. court appearance to face fraud charges over the collapse of FTX, the cryptocurrency exchange he co-founded.

Tribune News Service

FTX boss Bankman-Fried freed on bail over fraud charges

New York (AFP) - FTX co-founder Sam Bankman-Fried was released on $250 million bail Thursday while he awaits trial on criminal fraud charges over the spectacular collapse of his crypto exchange.

AFP

Sam Bankman-Fried released on $250 million bond

He has been accused in a U.S. criminal complaint of engaging in a fraud scheme for FTX customers.

Axios

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AFP

FTX boss Bankman-Fried to be freed on bail over fraud charges

New York (AFP) - A US judge ordered FTX co-founder Sam Bankman-Fried be released on $250 million bail Thursday while he awaits trial on criminal fraud charges over the spectacular collapse of his crypto exchange.

The Street

Crypto Price Check: Ghosts of Crypto Haunt Battered Sector

As Sam Bankman-Fried is returned to the U.S., the impact of the FTX bankruptcy appears to be haunting the sector.

The Independent UK

FTX founder Sam Bankman-Fried to be released on $250m bail after first US court appearance

Former head of failed crypto exchange was extradited to US after arrest in Bahamas

Al Jazeera

What is the post-FTX future of cryptocurrency?

Cryptocurrencies, experts say, have mainly been speculative, which only worked as long as real dollars were there.

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Investors Business Daily

FTX Founder Sam Bankman-Fried Makes First Court Appearance; Released On $250 Million Bond

Sam Bankman-Fried was extradited to the U.S. late Wednesday as federal prosecutors continue to build their case against SBF with charges against two key associates.

Fortune

FTX founder Sam Bankman-Fried is about to make his first US court appearance as he faces decades in prison

Bankman-Fried's closest business associates had also been charged and had secretly pleaded guilty.

AFP

FTX boss Bankman-Fried expected in US court on fraud charges

New York (AFP) - FTX co-founder Sam Bankman-Fried was due to appear in a US court Thursday to face criminal fraud charges over the spectacular collapse of his crypto exchange.

The Independent UK

Sports unraveled, collided with politics, racism in 2022

Hardly a day passed in 2022 when a headline that ran across the ticker on ESPN wouldn't have been out of place on CNN or Fox Business

Reason

GOP Lawmaker Blocks IVF Protection Bill

Plus: Diminishing differences in regional attitudes, IRS begins monitoring small transactions, and more…

The Independent UK

FTX founder Bankman-Fried to make 1st US court appearance

The cryptocurrency entrepreneur Sam Bankman-Fried is expected to make his initial U.S. court appearance Thursday on charges that he swindled investors and looted customer deposits on his FTX trading platform

France 24

FTX founder Bankman-Fried to appear in court after extradition to US

FTX founder Sam Bankman-Fried is expected to appear before a U.S. court on Thursday after being extradited from The Bahamas, where he had remained since the collapse of his now-bankrupt cryptocurrency exchange.

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