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The Latest Breaking News from Sam Bankman-Fried

Cryptocurrencies slump again amid fallout from FTX sale

Bitcoin slumped to a two-year low and other digital assets sold off Wednesday following the sudden collapse of crypto exchange FTX Trading

The Independent UK

Sam Bankman-Fried quietly deletes his claim that FTX customer funds are safe

The future of client assets locked on crypto exchange FTX remains uncertain, with a Binance deal that can bail out the company depending on a closer look at the books.

Fortune

Why the Binance/FTX acquisition could be a big blow to crypto VC

Binance agreed to acquire rival FTX, and it could be bad news for the whole crypto venture space.

Fortune

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FTX-Binance dal: Sam Bankman-Fried’s downfall stuns crypto world

Sam Bankman-Fried was supposed to be different than the run-of-the-mill crypto types. He was this wunderkind with a preternatural gift for math who had quickly built a crypto empire and then shrewdly expanded it during the worst of the industry’s meltdown this summer.

The Times of India

Here's How Much Sam Bankman-Fried Lost In Wealth Tuesday — And How It Compares To Mark Zuckerberg's Rough 2022

One of the biggest names in cryptocurrency may have had one of the worst days as a billionaire, a status that could now be over.

Benzinga

Bitcoin, Ethereum, Dogecoin Crash: Analyst Says Crypto's 'White Knight' Needing Binance Rescue Causing 'Wave Of Uneasiness'

Major cryptocurrencies crashed Tuesday evening as the global cryptocurrency market cap plunged 10.4% to $916.2 billion at 8:09 p.m.

Benzinga

Sam Bankman-Fried was the face of crypto in D.C. What would FTX’s acquisition mean for regulation?

Binance's power play sent shockwaves through Washington.

Fortune

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Analysis: A Tweet Just Cost Investors $153 Billion — How CZ May Have Tanked FTX, Crypto Before Acquisition

A feud between Sam Bankman-Fried and Changpeng Zhao is wreaking havoc on the cryptocurrency market over the last 24 hours.

Benzinga

Crypto Twitter ablaze after Binance says it's buying FTX

Once considered crypto’s white knight, Sam Bankman-Fried just conceded to his biggest competitor.

Fortune

Binance to buy FTX in major cryptocurrency exchange merger

Public squabble between the two largest offshore exchanges’ bosses led to run on FTX and forced sale

The Guardian - UK

Crypto exchange Binance to buy rival FTX in apparent bailout

The cryptocurrency exchange Binance said it plans to buy its rival FTX Trading, in what appears to be a bailout of FTX

The Independent UK

Binance acquires crypto exchange FTX to tackle ‘liquidity crunch’

It comes just hours after FTX’s founder said the company “is fine” and hit back at reports of the firm’s instability as “false rumours”

Evening Standard

Binance To Acquire FTX.com As It Faces 'Liquidity Crunch': Here Are The Early Details

Two of the leading cryptocurrency companies are merging in a deal announced Tuesday. Here are the early details.

Benzinga

Crypto exchange Binance to acquire rival FTX

The largest exchange in the world is buying a fast-growing competitor that faced a liquidity crunch.

Axios

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Benzinga

The FTT Debacle: Want To Cash In? Here's What Experts Said After Binance Selloff

A day after Binance (CRYPTO: BNB) CEO Changpeng Zhao revealed he would offload all the FTT tokens in the company’s kitty, FTX’s native token (CRYPTO: FTT) nose-dived about 35%

Zenger

Binance To Dump All Holdings Of Bankman-Fried’s FTX Tokens

"We won't support people who lobby against other industry players behind their backs,” said Binance CEO.

Bangkok Post

Cryptocurrencies slide as concerns over FTX exchange rattle markets

SINGAPORE: Cryptocurrencies fell heavily on Tuesday and the native token of crypto exchange FTX collapsed by 15% as investors appeared to take fright at talk of pressure on FTX's financials.

Benzinga

Is CZ Spreading Rumors? Bankman-Fried Thinks So: Binance, FTX Drama Continues

FTX CEO Sam Bankman-Fried clapped back at rival Binance CEO Changpeng Zhao after the latter apparently threw shade at the billionaire via Twitter.

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Benzinga

FTX Stablecoin Is In The Works, Sam Bankman-Fried Says: Here's What We Know So Far

Cryptocurrency exchange FTX is working on creating a stablecoin, or a crypto token whose value is correlated with another asset, according to the company’s CEO Sam Bankman-Fried.

Benzinga

EXCLUSIVE: Crypto Influencer Says FTX CEO A 'Devil' Trying To 'Permanently Ruin' Crypto, Bankman-Fried Tells Benzinga His Proposal Is Clear Win For DeFi

BitBoy Crypto founder and YouTuber Ben Armstrong pulled no punches as he ranted against the chief executives of Coinbase Global (NASDAQ: COIN) and FTX.

The Texas Tribune

Cryptocurrency firm FTX, billionaire CEO focus of Texas securities investigation

The state is looking at whether FTX is selling unregistered securities to Texans. The firm’s CEO, Sam Bankman-Fried, is a major donor to Beto O’Rourke’s campaign.

Texas Observer

Big Money Floods into Texas Governor’s Race

In total, Beto O’Rourke and Greg Abbott have raised $200 million.

Axios

Inside Sam Bankman-Fried's flirtation with Elon Musk and Twitter

The crypto billionaire ultimately walked away from Musk's deal, after offering to invest billions.

Tribune News Service

Ten things Elon Musk's texts reveal about the Twitter deal

A new trove of text messages between Elon Musk and Twitter Inc. executives, close friends, potential investors and Silicon Valley bros sheds light on how a $44 billion deal by the world’s richest person to buy the social media company came about — and ended up in court.

Evening Standard

Billionaire Bankman-Fried’s FTX snaps up assets of bankrupt crypto firm Voyager Digital

Voyager had snubbed an earlier offer from FTX to purchase its assets, describing the proposal as a ‘low-ball bid dressed up as a white knight rescue.’

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