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The Latest Breaking News from FTX

Billionaire Changpeng Zhao Wants to Save Crypto

The unexpected implosion of the FTX cryptocurrency exchange raises fears of a cascade of bankruptcies.

The Street

Silicon Valley braces for the legal fallout from FTX

With so many affiliated companies, so many creditors, so many customers, and jurisdictions in different countries, one legal expert calls this a “maze of issues.”

Fortune

Binance says 'proof of reserves' can restore trust in the crypto industry. What does that mean?

As the crypto industry faces a crisis of confidence, insiders argue over how to restore trust—and avoid a regulatory crackdown.

Fortune

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The week the crypto dream died

FTX, SBF and the week the crypto dream died

Axios

FTX crypto king Sam Bankman-Fried subject of new book by Michael Lewis

Bestselling writer Lewis has been shadowing Bankman-Fried as the cryptocurrency founder’s company, FTX, failed

The Guardian - UK

Most CFOs never liked crypto—even before FTX's collapse

The fall of one of the largest cryptocurrency exchanges is a finance horror story.

Fortune

Binance boss says no one can be protected from a ‘bad player’

Changpeng Zhao announces plans for an industry ‘recovery fund’ for struggling crypto firms

The Guardian - UK

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FTX Collapse: Sam Bankman-Fried Questioned By Police, Crypto Market Wobbles

The fallout from FTX's spectacular collapse last week continues to echo through crypto markets as officials probe mysterious withdraws and pick through the failed exchanges complicated balance sheet.

The Street

Stocks Edge Lower, Week Ahead, Biden Meets Xi, FTX And Disney - Five Things To Know

Stocks futures edge lower after best week since June; Retail sales, earnings in focus this week; President Biden meets President Xi at G20 summit in Bali; FTX bankruptcy raises security issues, crypto markets steady and Disney slips lower amid reports of job, spending cuts.

The Street

FTX bankruptcy also endangers founder's philanthropic gifts

The rapid collapse of cryptocurrency exchange FTX into bankruptcy last week has also shaken the world of philanthropy, due to the donations and influence of FTX founder Sam Bankman-Fried in the “effective altruism” movement

The Independent UK

AP News Digest 3:40 am

Here are the AP’s latest coverage plans, top stories and promotable content. All times EST. For up-to-the minute information on AP’s coverage, visit Coverage Plan at https://newsroom.ap.org.

The Independent UK

Crypto’s Enron moment? How FTX went from $32 billion to $0 in just one week

Cryptocurrency exchange FTX CEO Sam Bankman-Fried was the golden child of the industry. This week, it all unravelled.

Crikey

FTX collapse highlights the profound harms of cryptocurrency

The sooner bitcoin collapses, the better for the environment, energy prices and inflation. But the fall of FTX reflects badly on institution investors too.

Crikey

ASX reverses early gains, Elders plunges on outlook, miners soar as China eases curbs

Australian shares reverse early gains, as China eases some of its strict COVID-19 rules, spurring hopes of a recovery in demand.

ABC News

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The Independent UK

Sam Bankman-Fried's downfall sends shockwaves through crypto

Sam Bankman-Fried received numerous plaudits as he rapidly achieved superstar status as the head of cryptocurrency exchange FTX: the savior of crypto, the newest force in Democratic politics and potentially the world’s first trillionaire

Benzinga

Chronicling Luke Skywalker And Darth Vader, Bestselling Author Michael Lewis Has Book In Works Covering Sam Bankman-Fried and Changpeng Zhao

With the world fascinated and intrigued by the story of FTX and its co-founder Sam Bankman-Fried, many have wondered how long it will take until a movie or series on the storyline pops up in theaters or on

The Independent UK

EXPLAINER: What's happening at bankrupt crypto exchange FTX?

Problems mounted over the weekend for collapsed cryptocurrency exchange FTX, which was struggling to account for money that went missing hours after it filed for bankruptcy

Fortune

One of the greatest financial writers alive has been embedded with FTX’s Sam Bankman-Fried for six months and has a book on the way

Michael Lewis’ next book is about crypto's disgraced FTX founder Sam Bankman-Fried, according to The Ankler.

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news in one place.

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Fortune

‘Where is Sam Bankman-Fried?’ becomes question of the moment for crypto watchers after FTX bankruptcy

The intrigue surrounding FTX founder Sam Bankman-Fried’s location is notable given how open and accessible he was before.

The New Daily

Alan Kohler: Crypto and the end of the beginning

Will FTX’s collapse mean the end of crypto? Well, some of the 3000 or so cryptocurrencies, or at least it should.

The Street

Crypto Crisis: At Least $1 Billion of FTX Customers' Money Vanishes

Sam Bankman-Fried, FTX CEO and founder, also had a secret "back door" to transfer billions, Reuters reports.

Tribune News Service

FTX faces criminal misconduct probe by Bahamas authorities

The Bahamian police said they’re working with the Bahamas Securities Commission to investigate whether there was any criminal misconduct in the collapse of the crypto exchange FTX.

The Street

Cryptocurrency Solana Collapses in FTX Scandal

The token is the first big victim of the abrupt implosion of Sam Bankman-Fried's FTX cryptocurrency exchange.

Fortune

A closer look at Sam Bankman-Fried’s Alameda Research and 20-something CEO Caroline Ellison

Ellison said in a podcast that working for the fund meant "a lot of adjustments" with the "most obvious big thing is that the equity markets are way more efficient than crypto markets."

Fortune

Could SBF go to prison? Here's what the Justice Department would have to prove

Any decision by the Justice Department to bring criminal charges would require the agency to show he intended to deceive investors.

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