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The Latest Breaking News from FTX

Sam Bankman-Fried and "longtermism"

I'm not surprised that longtermism led to fraud, corruption and disaster. I'm mostly surprised it wasn't worse

Salon

Beware self-made ‘genius’ entrepreneurs promising the earth. Just look at Elon Musk

Silicon Valley ‘saviours’ are the heroes of the hour. Too often they have feet of clay

The Guardian - UK

FTX Collapse: Elon Musk Takes on a Silicon Valley Powerhouse

Tesla CEO believes big investors have some responsibility for the FTX debacle.

The Street

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Bankrupt FTX Considers Selling Its Assets

Liquidator of bankrupt cryptocurrency exchange hires outside counsel to review firm's assets.

The Street

FTX Collapse: Bankman-Fried and His Ties to Democrats

Sam Bankman-Fried attempted to gain politicial clout by making donations among Democrats who now want an investigation into his company.

The Street

Roubini Blasts Pretty Much Everything Cryptocurrency

The digital currency market has faltered amid the meltdown of the FTX exchange with other companies suffering too.

The Street

Scammers are targeting desperate FTX customers by pretending to be the DOJ and promising access to funds

Police warned Saturday about a website pretending to help desperate FTX users recover their funds.

Fortune

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Polyamory, penthouses and plenty of loans: inside the crazy world of FTX

After the crypto firm collapsed, the executive who handled the Enron debacle was brought in – and said he’d never seen anything like it

The Guardian - UK

‘The money is gone’: people who lost out in FTX’s collapse

Smaller investors tell how they found themselves unable to withdraw money as rumours of the exchange’s troubles spread

The Guardian - UK

The FTX crash could be the start of a 'gold rush' for crypto lawyers

Lawyers with specialties in digital assets are giving way to experts in restructuring. “There's going to be a lot of work.”

Fortune

The Weekly Wrap for Saturday, 19 November 2022

We're loathe to kick someone while they are down but this story has gone from ludicrous to fever-dream. Sam Bankman-Fried is trying to tweet through it. FTX's bankruptcy specialists are rending their garments and ululating.

inkl Originals

Cryptocurrency News And Price Weekly Wrap-Up For Nov. 18, 2022

Crypto News Weekly Wrap-Up: Bitcoin, Ethereum trade sideways after crashing from FTX bankruptcy; How to generate income on Bitcoin; and more.

Investors Business Daily

Crypto Asset Class Going ‘Down In Flames,’ Steph Curry, Shaq Likely Safe In FTX Ponzi Case

FTX's bankruptcy may have cost investors $11 billion in damages, while celebrity promoters will probably walk away.

Zenger

FTX Collapse Hits Justin Bieber and Coachella

Bieber invested in non-fungible tokens (NFTs), whose fall in value was accelerated by the bankruptcy of FTX.

The Street

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The Street

FTX Collapse Hits Justin Bieber, Michael Jordan and Coachella

Bieber and Jordan invested in non-fungible tokens (NFTs), whose fall in value was accelerated by the bankruptcy of FTX.

Fortune

How FTX's own token was the final nail in its coffin

“In the current crypto atmosphere, investors are right to ask questions of exchanges that have tokens, because they don't know what the exchange is doing behind the scenes,” Bitwise CIO Matt Hougan told Fortune.

Fortune

The Bahamas' endangered status as a crypto hub

The Caribbean nation is setting up a battle with the U.S. to protect its reputation.

The Guardian - UK

What do we know so far about collapse of crypto exchange FTX?

How did Sam Bankman-Fried’s FTX fail and what does the firm’s fate tell us about cryptocurrencies?

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Fortune

Tech venture capital fueled FTX’s rise—and bears some responsibility for its downfall

Mounting evidence shows VC firms ignored major warning signs and failed to take basic risk-mitigation steps.

Tribune News Service

Alexis Leondis: FTX users can’t count on help from the IRS

When market investors suffer losses — or get taken for a ride — they’re often eligible for a tax write-off to soften the blow. Users of the bankrupt crypto exchange FTX won’t be so lucky.

Newsroom.co.nz

The Week in Detail: Music industry, rehab, and crypto

The Detail podcast brings you the issues behind the news every weekday. Here's what we covered this week.

Fortune

What's next for Sam Bankman-Fried

Rumors are swirling that SBF is under criminal investigation. Here's how that could play out.

Los Angeles Times

FTX's downfall casts a shadow over other sports-rights deals. What's up, Crypto.com Arena?

When the Miami Heat announced in March 2021 that the team had sold naming rights for its arena to FTX, the response from sports fans was a resounding: Who?

The Independent UK

NOT REAL NEWS: A look at what didn't happen this week

Social media users shared a range of false claims this week

The Street

FTX Collapse: A Bankman-Fried Token Is Still At Large

FTT has certainly fallen since the bankruptcy of its main sponsor FTX, but its market value remains above $510 million.

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