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The Latest Breaking News from FTX

Sam Bankman-Fried: Arrested crypto exchange boss hugs parents as he is denied bail on fraud charges

Former cryptocurrency exchange entrepreneur Sam Bankman-Fried hugged his parents as he was denied bail after being charged with “one of the biggest financial frauds in American history”.

Evening Standard

Stocks Edge Higher, Fed Dot Plots, Oil, Tesla And Binance - Five Things To Know

Stock futures bump higher ahead of Fed rate decision; Fed 'dot plots' in focus as markets lock bets on 50 basis point hike; IEA report sees firming oil demand in 2023 as China reopens; Tesla shares extend biggest drawdown on record and Binance says deposits returning but Bankman-Fried arrest rattles…

The Street

Who is Sam Bankman-Fried and why was the FTX founder arrested in the Bahamas?

The former ’King of Crypto’ is currently behind bars

Evening Standard

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FTX Collapse: Bankman-Fried Remains in Jail

An extradition hearing has been set for February 8, 2023.

The Street

Lightfoot supporter questions indicted crypto billionaire’s donation to Garcia

State Rep. Kelly Cassidy (D-Chicago) questioned Samuel Bankman-Fried’s motives for spending $151,420 on direct mail pieces for Chuy Garcia’s congressional reelection.

Chicago Sun-Times

Five things we know about the collapse of FTX and Sam Bankman-Fried

Company founder was arrested and charged with running a ‘house of cards’ in ‘one of the biggest financial frauds in US history’

The Guardian - US

‘Uniquely destined to fail’: New FTX CEO describes to Congress mess left behind by SBF

FTX CEO John Ray III was the sole witness during the House Financial Services Committee hearing.

Fortune

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Prosecutors give a stark warning to other crypto platforms in the wake of the SBF indictment and call it 'one of the biggest financial frauds in American history'

Federal prosecutors warn crypto companies to get in line, lest Sam Bankman-Fried and FTX’s fate befall them.

Fortune

Binance withdrawals hit $1.9bn in past 24 hours says data firm

The world’s biggest crypto exchange said it had ‘temporarily paused’ withdrawals as CEO said it was ‘business as usual’.

Al Jazeera

FTX Was a Fraud From the Beginning, Regulators Say

U.S. regulators paint a bleak picture of the crypto empire of Sam Bankman-Fried.

The Street

Sam Bankman-Fried promised his FTX crypto empire would save the world. US authorities say he was lying from the start

Sam Bankman-Fried insists the collapse of $32 billion crypto empire is the result of bad accounting, human error and rotten luck. US authorities say it was a "massive, years-long fraud".

ABC News

Former FTX CEO Sam Bankman-Fried was arrested, and the memes can barely keep up

The 30-year-old crypto entrepreneur likely will be extradited to the U.S.

Fortune

Silvergate Capital faces questions from lawmakers amid FTX crypto exchange collapse

San Diego's Silvergate Capital made its name in recent years as one of a few traditional banks providing deposit, fund transfer, security and other services for the cryptocurrency trading market.

Tribune News Service

FTX's Bankman-Fried Violated Campaign Finance Laws, DoJ Alleges

Founder of bankrupt cryptocurrency exchange FTX also faces criminal charges of fraud and conspiracy.

The Street

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AFP

Sam Bankman-Fried: crypto rock star facing life in jail

Washington (AFP) - Sam Bankman-Fried has had a dizzying fall from top of the heap in the world of cryptocurrencies to staring down a hefty jail sentence on a raft of fraud charges.

The Independent UK

US lawmakers slam timing of arrest of FTX boss Sam Bankman-Fried

Republican says House GOP ‘was ready to grill him six ways to Sunday’

Daily Mirror

Inside wild life of polyamorous 'Crypo king' who lost $32billion in FTX collapse

Sam Bankman-Fried went from a multi-billionaire to destitute overnight when his cryptocurrency exchange FTX collapsed after it was revealed billions were being funnelled into another of his companies

AFP

US charges crypto tycoon Bankman-Fried with 'massive' fraud

New York (AFP) - Disgraced cryptocurrency tycoon Sam Bankman-Fried was hit with multiple criminal charges Tuesday, accused of committing one of the biggest financial frauds in US history.

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news in one place.

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The Street

Sam Bankman-Fried Arrest: Binance Boss May Dismiss 'FUD', But Should Focus On Feds

Crypto bosses have long dismissed negative news as 'FUD'. They need to start fearing the Feds.

The Street

FTX Collapse: Here Are the Eight Charges Against Bankman-Fried

Founder of bankrupt cryptocurrency exchange FTX faces criminal charges of fraud and conspiracy.

Zenger

FTX Co-Founder Sam Bankman-Fried To Testify In Front Of US House Financial Committee

Bankrupt cryptocurrency exchange FTX’s co-founder Sam Bankman-Fried announced on Friday that he will testify before Congress

The Independent UK

New FTX CEO says lax oversight, bad decisions caused failure

The new CEO of the cryptocurrency exchange FTX is appearing before a House committee Tuesday, detailing for lawmakers the lack of oversight and financial controls that he discovered since taking over the company a month ago

The Independent UK

Who Sam Bankman-Fried was going to blame for FTX’s collapse – until his arrest

Founder and CEO of cryptocurrency exchange could not appear before Congress

AFP

US files criminal charges against crypto tycoon Bankman-Fried

New York (AFP) - US prosecutors slapped disgraced cryptocurrency tycoon Sam Bankman-Fried with multiple criminal charges on Tuesday for massive fraud as he built his FTX crypto empire.

Chicago Sun-Times

Former FTX CEO Bankman-Fried hit with 8-count indictment

Former CEO Sam Bankman-Fried is accused of raising more than $1.8 billion from equity investors since May 2019 by promoting FTX as a safe, responsible platform for trading crypto assets. Instead, the complaint says, Bankman-Fried diverted customers’ money into his privately-held crypto fund without…

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