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The Latest Breaking News from FTX

Crypto Crisis: FTX's Sam Bankman-Fried Questioned by Police

Suspicious withdrawals have been made on FTX, while accounts of his empire have been frozen by a rival.

The Street

Musk Says Everyone Thought FTX's Bankman-Fried Was 'Walking on Water'

The CEO of Tesla says he was approached by the disgraced former crypto star for Twitter funding.

The Street

Crypto Crisis: Billionaire Mark Cuban Attacks the System

The star of the hit show Shark Tank is a prominent investor in the cryptocurrency industry.

The Street

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How To Lose $16 Billion In 3 Days: How Sam Bankman-Fried’s Wealth Disappeared

Several days ago, FTX co-founder Sam Bankman Fried saw his wealth plummet by over 90% to a value of $1 billion. Here's how!

Zenger

FTX working to secure assets after 'unauthorized' transactions

New York (AFP) - The new chief executive of troubled cryptocurrency platform FTX said Saturday the company was making "every effort to secure all assets" following unauthorized transactions potentially worth hundreds of millions of dollars.

AFP

FTX's terms-of-service forbid trading with customer funds

This raises the probability that there will be a criminal fraud case, too.

Axios

Billionaire Mark Cuban Assigns Blame Over Crypto Crisis

The cryptocurrency exchange FTX imploded this week, a debacle that is likely to sweep other crypto firms away.

The Street

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Funds vanish at bankrupt crypto exchange FTX; probe underway

Collapsed cryptocurrency trading firm FTX is confirming there was unauthorized access to its accounts just hours after the company filed for bankruptcy protection

The Independent UK

Elon Musk and Mark Cuban are letting loose on FTX’s Sam Bankman-Fried: ‘Bulls**t meter was redlining’

Musk and Cuban slammed Bankman-Fried, who resigned as CEO of crypto exchange FTX yesterday as it declared bankruptcy.

Fortune

At least $1bn in investor assets missing after FTX collapse – reports

Sources tell Reuters funds were part of $10bn founder Sam Bankman-Fried transferred to his hedge fund

The Guardian - US

The Twitter and FTX chaos is roiling sports stars like Stephen Curry and Tom Brady: ‘I’m not an expert, and I don’t need to be’

Star athletes are not immune to the confusion and upheaval roiling the tech industry.

Fortune

Miami Heat Slashes Ties With FTX

Splashy sponsorship deals by FTX are now being canceled as the cryptocurrency exchange filed for bankruptcy.

The Street

Binance's CEO Warns Crypto Crisis Is Not Over

The demise and bankruptcy of crypto brokerage FTX will not be the last downfall in the industry, Binance's CEO predicts.

The Street

FTX debacle shows need for crypto regulation, Yellen says

U.S. Treasury Secretary Janet Yellen said the implosion of Sam Bankman-Fried’s FTX crypto empire reinforced her view that the market for digital assets required “very careful regulation.”

Tribune News Service

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Tribune News Service

Bankrupt FTX hit by mysterious outflow of about $662 million as crypto industry reels

Sam Bankman-Fried’s bankrupt digital-asset exchange FTX was hit by a mysterious outflow of about $662 million in tokens in the past 24 hours, the latest twist in one of the darkest periods for the crypto industry.

Benzinga

Bulls And Bears Of The Week: Why Coinbase And FTX Are So Different, Diving Into Zuckerberg's Metaverse And More

Benzinga examined the prospects for many investors' favorite stocks over the last week — here's a look at some of our top stories.

Benzinga

EXCLUSIVE: Marathon Digital CEO Fred Thiel Says FTX Bankruptcy 'Has Increased The Fear Factor'

The CEO of Bitcoin (CRYPTO: BTC) mining company Marathon Digital Holdings Inc (NASDAQ: MARA), the world's second-largest holder of Bitcoin among publicly-listed companies, is speaking out about

The Guardian - UK

‘I f****d up’: the rise and fall of US crypto king Sam Bankman-Fried

The 30-year-old wunderkind last week saw his giant FTX digital currency exchange collapse and his $17bn fortune disappear

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Bangkok Post

Huge sums missing from collapsed crypto exchange

The collapsed crypto exchange FTX said on Saturday that it was moving funds into offline storage following a series of “unauthorised transactions”, with analysts saying millions of dollars worth of assets had been withdrawn from the platform.

Benzinga

$600M In Crypto Mysteriously Flow Out From FTX Wallets As Exchange Potentially Hacked

More than $600 million in cryptocurrency mysteriously vanished from the wallets of the bankrupt exchange FTX. In the aftermath, FTX on its official Telegram channel announced that the exchange had been hacked and advised users not to install any new updates and to delete all FTX apps.

Miami Herald

Miami’s star turn in the crypto boom now has an iconic bust: the Heat’s FTX Arena

MIAMI — FTX founder Sam Bankman-Fried got a thumbs up from Miami Mayor Francis Suarez during a joint appearance last year when an interviewer asked the 29-year-old mogul if a crypto company approaching a $25 billion valuation really had the financial staying power to fund the full 19 years on…

Sports Illustrated

Heat, Miami-Dade County Release Statement on Reports About FTX

The joint statement comes as the crypto giant officially filed for bankruptcy on Friday.

The Independent UK

Miami Heat's home arena will get new name after FTX collapse

The arena where the Miami Heat play will soon have a new name, after the team and Miami-Dade County decided Friday to begin actions to terminate their relationship with FTX on the same day that the cryptocurrency exchange filed for bankruptcy

inkl Originals

The Weekly Wrap for Saturday, 12 November 2022

Sam Bankman-Fried's cryptocurrency empire collapsed this week. His $16bn personal fortune was incinerated in a matter of days (another rousing win for the normative determinists). Not bad for a 30-year-old.

Bangkok Post

Cryptocurrency platform FTX files for bankruptcy

NEW YORK: Crisis-struck cryptocurrency platform FTX has gone bankrupt in the United States and its chief executive Sam Bankman-Fried has resigned, it said Friday, the latest blow in a saga that has reverberated across the digital currency landscape.

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