The Latest Breaking News from Sam Bankman-Fried

The FTX founder created a gilded and connected life in the island paradise.

The most uplifting aspect of the Sam Bankman-Fried story was always that he guided his way to a putative cryptocurrency fortune of more than $16 billion by following a philosophy of charitable giving known as "effective altruism."

Creditors and customers of the FTX cryptocurrency exchange might have a small reason to hope to recover some of their money.

The two sports stars were ambassadors and investors for the bankrupt cryptocurrency exchange.

The 50 biggest claims against FTX total $3.1bn. Now a US court has to determine who gets what – if anything. Plus, what will be more valuable by the end of the year: Musk’s stake in Twitter, or a lettuce?

After growing up amid upper-middle-class affluence in Silicon Valley as the children of two Stanford Law School professors, as a super-smart kid who got into MIT to study physics, Sam Bankman-Fried decided in those teen years that he wanted to save the world in the worst way.

Together, the family, the company and its executives bought nineteen properties over two years

Congress, which has been unable to pass comprehensive crypto legislation, is digging into what happened as regulators try to police the new, mysterious world of virtual currencies with old laws.

Genesis’s comments come days after it halted customer withdrawals due to liquidity difficulties.

The downfall of crypto exchange FTX starkly displays the ties between those who sell the ideas and those who write the big checks.

Less than two weeks ago SBF and Scaramucci embarked on a fundraising trip together in the Middle East. Now, nearly a third of Scaramucci's firm is tied up in bankruptcy proceedings.