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The Latest Breaking News from Sam Bankman-Fried

Crypto customers looking to write-off FTX investments for taxes will need to wait

FTX customers may be facing huge losses, but most are in a holding pattern until bankruptcy proceedings bring some clarity and order to how the failed cryptocurrency exchange's assets will be handled.

Fortune

5 major revelations about the collapse of crypto giant FTX

At the first hearing in FTX's bankruptcy proceedings, lawyers confirmed that millions of dollars are stolen or missing, and revealed stunning details about the downfall of the once-mighty exchange

WEKU

FTX Collapse: Bankman-Fried Regrets Filing For Bankruptcy

The cryptocurrency exchange founder says his empire could have survived.

The Street

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FTX Assets Missing, Stolen; This Fund Sees Bitcoin At $1 Million

FTX lawyers say a substantial amount of assets are missing or stolen in latest bankruptcy proceedings; Cathie Wood still sees Bitcoin at $1 million

Investors Business Daily

Inside FTX’s crypto empire in the Bahamas

A Fortune reporter lays out details from his week in the Bahamas, uncovering the collapse of FTX.

Fortune

Founder of failed crypto exchange FTX apologises to ex-employees

Sam Bankman-Fried continues to say firm’s downfall can be solely explained by misplaced $8bn

The Guardian - UK

‘Betrayed’: FTX meltdown signals end to crypto’s ‘Wild West’ days

Cryptocurrency exchange’s spectacular collapse spurs government scrutiny and calls for greater regulation.

Al Jazeera

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FTX Collapse: 'Emperor' Bankman-Fried Had No Clothes

The regime of the founder of the cryptocurrency exchange was discussed in court on November 22.

The Street

FTX Assets Were Stolen or Are Missing

A first court hearing on the bankruptcy of the cryptocurrency exchange FTX was held on Nov. 22.

The Street

FTX Collapse: Binance, Largest Crypto Exchange, Is Under Investigation

The bankruptcy of the FTX cryptocurrency exchange is pushing regulators to increase their scrutiny of the crypto space.

The Street

FTX was run as ‘personal fiefdom’ of Sam Bankman-Fried, court hears

Hearing in Delaware bankruptcy court is the first since the cryptocurrency exchange declared bankruptcy earlier this month

The Guardian - US

Inside Sam Bankman-Fried's extravagant penthouse lifestyle in the Bahamas, where the T-shirt-clad FTX founder lived like royalty

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

Fortune

Michael Hiltzik: How Sam Bankman-Fried exploited the 'effective altruism' fad to get rich and con the world

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."

Los Angeles Times

FTX Had $1.24 Billion on Hand When It Filed for Bankruptcy

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

The Street

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The Street

FTX Collapse: Tom Brady and Steph Curry's Problems Get Worse

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

The Guardian - UK

TechScape: How do you slice a billion-dollar crypto bankruptcy pie?

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?

The Philadelphia Inquirer

Will Bunch: Billionaires like Musk, Bankman-Fried didn't save the world. They wrecked it. Let's take it back

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.

Evening Standard

FTX founder Sam Bankman-Fried and his parents built million-pound property empire in the Bahamas

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

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WEKU

Wringing its hands over FTX's collapse, Washington hopes to prevent more crypto pain

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.

Al Jazeera

Crypto lender Genesis denies bankruptcy plans after FTX collapse

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

The Street

FTX Collapse Shows Crypto Is Packed With Bankman-Frieds

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

Fortune

What will happen to nearly a third of SkyBridge Capital? Here's how 'The Mooch' could get back his company

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.

Investors Business Daily

Bitcoin Bounces, Crypto Broker Attempts To Bypass Bankruptcy

Bitcoin fell Monday on fears Grayscale Bitcoin Trust could be hit by Digital Currency Group's liquidity crunch as Genesis warns of bankruptcy

Reason

Did Sam Bankman-Fried's Millions Buy the Media's Loyalty?

The mainstream coverage of SBF and FTX is more than a little blasé.

Axios

Assigning blame when startups break bad

The best con artists are the ones who identify the system’s frailties and then exploit them.

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