The Latest Breaking News from Sam Bankman-Fried

"I was slammed with things to do and didn't give updates to you all. And so we are where we are. Which sucks, and that's on me. I'm sorry.”

International exchange for crypto assets is in effect unregulated – and may have been built on sand

FTX's founder and CEO was apologetic, but not terribly forthcoming.

The cryptocurrency market continued its downward trajectory on Thursday morning, reeling under the implications of a failed deal between cryptocurrency exchange Binance and its rival FTX, with prices of major digital assets, including altcoins, trading at levels not seen

Bloomberg

Life in the cryptocurrency industry is rarely quiet for long, and after a tumultuous summer, it seems the market is now entering a “crypto winter”. Over the past week, the founders of two of the largest cryptocurrency exchanges – Binance and FTX – have had a public Twitter spat that…

Bankman-Fried apologized to investors and said he would be “incredibly, unbelievably grateful” if they could help out.

Firm valued at $25bn in 2021 suffered bank run-style crisis as investors rushed to withdraw money

Cryptocurrency markets endured heavy losses on Thursday, with bitcoin near a two-year low as investors fretted about the fallout from the implosion of FTX, the world’s second-largest crypto exchange.

U.S. regulators are investigating whether beleaguered crypto-exchange FTX.com mishandled customer funds, and they’re looking into the firm’s relationships with other parts of Sam Bankman-Fried’s crypto empire.

Binance pulled out of the deal after its corporate due diligence and reports of mishandled funds.