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The Latest Breaking News from FTX

FTX’s former CEO claims crypto exchange is still solvent

Sam Bankman-Fried makes statement even as new boss begins formal bankruptcy process

The Guardian - UK

Aust crypto exchange suspends withdrawals

Brisbane-based crypto exchange Digital Surge has suspended withdrawals until further notice, citing fallout from the collapse of FTX.

AAP

Fallen FTX Founder Says He's Meeting with Regulators

Sam Bankman-Fried has already been questioned by the police in the Bahamas.

The Street

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read the most diverse news in one place.

Anthony Scaramucci, Former Trump Ally, Lost Money in FTX Collapse

The firm of Donald Trump's one-time communications director was bailed out by Sam Bankman-Fried.

The Street

Size, scope of FTX failure gets clearer as users fear worst

Just days after cryptocurrency’s third-largest exchange collapsed, the public is starting to get a feel of how messy FTX’s bankruptcy case could be

The Independent UK

Exclusive: Leaked documents Sam Bankman-Fried used for fundraising in 2021 and 2022 show FTX revenue soared nearly 6,600% in two years but leveled off this year

Fortune reviewed two sets of spreadsheets, one dated December 2021 and another dated June 22, 2022, that showed FTX's astounding growth before its sudden crash.

Fortune

FTX Collapse About to Claim First Huge Victim: BlockFi

The crypto lender, which had been bailed out by FTX, is reportedly preparing to file for bankruptcy.

The Street

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Politicians spurn contributions from bankrupt crypto exchange FTX and its former CEO Sam Bankman-Fried

SBF had donated close to $40 million in the 2021–2022 cycle, according to OpenSecrets.

Fortune

Why the collapse of Sam Bankman-Fried's FTX has split A.I. researchers

The close ties between A.I. and the 'Effective Altruism' movement that Bankman-Fried belonged to, are now in the spotlight.

Fortune

FTX Collapse Comes Amid a Surge in Crypto Related Scams

Bad actors are using crypto assets to cheat consumers and you should take steps to protect yourself, according to the U.S. government.

The Street

Fallen FTX Reveals Top Creditors on Friday

The number of creditors could rise to one million, FTX's latest bankruptcy court filing show.

The Street

FTX Collapse Sparks Calls to Jail "Bernie Madoff of Crypto"

The cryptocurrency exchange suddenly collapsed on November 8, leaving millions of investors reeling.

The Street

FTX Collapse Leads the Way for New Crypto Regulations

Industry leaders should set strong standards, says Binance CEO Zhou, before regulators do it for them.

The Street

Crypto's biggest player says most people shouldn't invest in crypto right now

Binance's CZ calls on the crypto community to help 'rebuild' after FTX collapse, while advising first-time investors to stay away.

Fortune

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The Guardian - UK

Why were so many smart people so dumb about FTX? Did they seriously just like Sam Bankman-Fried’s ‘vibe’?

The collapse of the cryptocurrency exchange will cost investors billions. But why would anyone give money to a man who plays video games in important meetings?

Fortune

FTX has at least 1 million creditors, more than 10 times what it previously claimed

When the exchange filed for bankruptcy on Friday it only mentioned about 100,000 creditors, not the more than 1 million acknowledged on Tuesday.

Axios

Crypto businesses brace for FTX aftershock

The knock-on effects of the exchange's unwinding are starting to show.

Fortune

FTX implosion could shake Gen Z investor confidence in financial markets altogether, warns Ken Griffin

Trust in all financial markets could be rocked, says the founder of the Citadel hedge fund.

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Daily Mirror

Tom Brady cuts ex-wife Gisele Bundchen and his kids from Twitter cover after public divorce

NFL superstar quarterback Tom Brady and model Gisele Bundchen completed their high-profile divorce recently - and the seven-time Super Bowl champion has removed her from his social media profile

Tribune News Service

FTX failure may strengthen case for more robust crypto regulation

WASHINGTON — The spectacular collapse of major cryptocurrency exchange FTX is prompting calls for stronger regulation in Congress, where some bipartisan proposals are being characterized as too industry friendly.

Fortune

Berkshire Hathaway's Charlie Munger dunks on crypto once again, saying it’s “good for kidnappers” and “not a real asset”

“Nobody’s gonna say I got some shit that I want to sell you. They say—it’s blockchain!”

The Street

Will Stocks Deliver Another Massive Rally? Latest Inflation News Live

As markets rally on more weaker than expected inflation data, watch the latest Wall Street news and analysis live at 9:30 a.m. ET.

Fortune

This FTX document can only be described as the balance sheet from hell

Everyone is talking about a bizarre financial document circulated by FTX in its final days.

Fortune

Musk wants to know whether FTX laundered money for the Democrats

Musk needs corporations to feel comfortable advertising their products and services on Twitter for the company to avoid bankruptcy, and catering to the internet’s seedy underbelly does not help.

Los Angeles Times

Michael Hiltzik: Crypto tycoon Sam Bankman-Fried didn't lose a $16 billion fortune. His 'fortune' was never real

The Greek tragedy unfolding in the financial press over the last week is the story of Sam Bankman-Fried, the would-be cryptocurrency tycoon and political kingmaker whose multibillion-dollar empire has sunk like the Titanic after its encounter with the iceberg.

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