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The Latest Breaking News from FTX

Crypto Price Check: Picking Up the Pieces After FTX Collapse

Treasury Secretary Janet Yellen calls for more effective oversight of cryptocurrencies following the FTX collapse and analysts say a regulatory crackdown is 'seemingly inevitable.'

The Street

Fallen FTX Misused Customers' Money

John Ray, the new CEO in charge of the restructuring, confirmed the existence of a software which made it possible to hide illicit practices.

The Street

How a huge cryptocurrency exchange failed

The convoluted story of two intertwined companies which brought the value of cryptocurrencies to their knees.

Newsroom.co.nz

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FTX had 'complete failure' of controls, new CEO says

New York (AFP) - Collapsed cryptocurrency exchange FTX suffered a "complete failure of corporate controls" under founder Sam Bankman-Fried, the company's new chief executive said Thursday, calling the situation "unprecedented."

AFP

Sam Bankman-Fried's farcical fundraising effort

The former FTX CEO has lost the plot.

Axios

New CEO Slams Bankman-Fried As FTX Bankruptcy Impact Spreads

New FTX CEO slams Sam Bankman-Fried for "complete absence of trustworthy financial information" as more crypto firms report liquidity issues

Investors Business Daily

Incompetent or Crook? FTX's Bankman-Fried Creates Confusion

The founder and former CEO of the cryptocurrency exchange FTX tries to explain what precipitated the downfall of his empire.

The Street

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FTX Employees Used Company Funds to Buy Homes in the Bahamas

There were no expense controls for employees whose expenses were approved by chat with personalized emojis, according to the new CEO.

The Street

New FTX boss, who worked on Enron bankruptcy, condemns ‘unprecedented failure’

US corporate restructuring expert John Ray says ‘never in my career have I seen such a complete failure of corporate controls’

The Guardian - US

FTX Collapse: Founder and Co Used Company's Money to Buy Homes in the Bahamas

There were no expense controls for employees whose expenses were approved by chat with personalized emojis, according to the new CEO.

The Street

SBF is unraveling before our eyes, and it's not pretty

The founder of FTX won't stop talking.

Fortune

FTX Founder and Co Are "Potentially Compromised"

John Ray, the new CEO in charge of restructuring the cryptocurrency exchange, makes a scathing indictment of the Bankman-Fried years.

The Street

Sam Bankman-Fried Collapsed FTX Amid 'Complete Failure of Corporate Controls', Says New CEO

"Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information," said new FTX CEO John Ray.

The Street

FTX latest: Bankruptcy lawyers accuse SBF of undermining case

Sam Bankman-Fried is undermining efforts to reorganize his crumbling empire with “incessant and disruptive tweeting,” US lawyers for the bankrupt crypto platform FTX said in a court filing.

Tribune News Service

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The Conversation

Dramatic collapse of the cryptocurrency exchange FTX contains lessons for investors but won't affect most people

In the fast-paced world of cryptocurrency, vast sums of money can be made or lost in the blink of an eye. In early November 2022, the second-largest cryptocurrency exchange, FTX, was valued at more than US$30 billion. By Nov. 14, FTX was in bankruptcy proceedings along with more than 100…

The Street

Fallen FTX Founder Bankman-Fried Plays the Victim

Sam Bankman-Fried is trying to absolve himself of the practices that led to the bankruptcy of his empire.

Axios

The crypto dominoes in the wake of FTX exchange collapse

It's a classic case of contagion.

The Street

Fallen FTX Founder Says He Didn't Know What Was in the Books

The founder and former CEO of the cryptocurrency exchange FTX tries to explain what precipitated the downfall of his empire.

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Fortune

“This is fraud:” Coinbase CFO says of FTX as more crypto fintechs get caught in contagion

Alesia Haas is trying to assure consumers that FTX was merely a bad actor and is not representative of the whole industry.

AFP

Binance boss pledges to release audit, throws 'psychopath' jab

Abu Dhabi (AFP) - The head of Binance, the world's top cryptocurrency exchange, pledged Thursday to release an audit into the firm and rejected claims he sparked the recent collapse of rival platform FTX.

AFP

Sports world tries to sidestep collapse of sponsor FTX

Paris (AFP) - The collapse of the cryptocurrency exchange FTX has sent shockwaves through sport, which the platform used widely to build its brand.

The Street

FTX Collapse Hits Crypto Brokerage Genesis

The FTX collapse has impacted other crypto brokerages, including Genesis.

Fortune

How to raise $2 billion with a sloppy Excel spreadsheet

Sam Bankman-Fried's homespun FTX fundraising documents show disorganization.

Motorsport

Mercedes F1 team left in "disbelief" over FTX collapse

Mercedes says it has been left in 'disbelief' over the collapse of its Formula 1 sponsor, the crypto exchange FTX, last week.

Bangkok Post

FTX case has raised 'serious allegations', says Singapore minister

SINGAPORE: The collapse of crypto exchange FTX has raised "very serious allegations that amount to potential fraud", Singapore's finance minister and deputy prime minister said on Thursday.

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