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The Latest Breaking News from Sam Bankman-Fried

Leaked FTX documents offer clues as to why VCs may have ignored due diligence

Staggering growth and FOMO whetted the appetite of venture capitalists, as evidenced by early SBF pitch files.

Fortune

A prominent investor once advised Sam Bankman-Fried’s FTX to form a board

The crypto exchange FTX, once valued at $26 billion, was operating without a real board. Its downfall could lead to renewed pressure for private companies to have independent directors.

Fortune

The Ferguson Report (Satire): Donald and Melania plan romantic ceremony to renew pre-nup

Tim Ferguson breaks down this week's news - including Donald Trump's announcement.

The New Daily

From analysis to the latest developments in health,
read the most diverse news in one place.

FTX collapse a warning to crypto bros

Crypto exchange FTX was valued at more than $30 billion just weeks ago. Now it's in bankruptcy proceedings

Salon

FTX had a 'complete absence of trustworthy financial information' says new CEO

The man appointed to administer the collapsed crypto exchange in chapter 11 bankruptcy, who oversaw the clean-up after Enron's collapse, says he has never seen "such a complete failure of corporate controls".

ABC News

The grotesque inequality embodied by Musk, Bezos and Zuckerberg is a threat to democracy

Something’s wrong when basic infrastructure maintenance seems utopian, while the hare-brained schemes of tech oligarchs become routine

The Guardian - AU

Fallen FTX Was the Wild West

Sam Bankman-Fried's crypto empire was a kleptocurrency exchange, where management and employees were allowed almost everything.

The Street

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The Enron man in charge of restructuring FTX has one big takeaway from this bankruptcy: There is no paper trail

Usually in bankruptcies, it's at least clear who the 50 largest creditors are, or where the money was coming from. Not this time.

Fortune

Tom Brady sued over crypto currency collapse which could cost NFL legend millions

Seven-time Super Bowl champion Tom Brady is being sued for his role in promoting cryptocurrency exchange FTX, which had to seek bankruptcy protection last Friday

Daily Mirror

Fallen FTX Founder Bankman-Fried Gives Regulators the Middle Finger

Sam Bankman-Fried fires off a missive about financial regulators on Twitter and discusses them with a reporter.

The Street

Fallen FTX Was the Wild West Run By Unscrupulous Cowboys

Sam Bankman-Fried's crypto empire was a kleptocurrency exchange, where management and employees were allowed almost everything.

The Street

'We didn't even notice': Binance CEO CZ on alleged FTX battle

Changpeng Zhao also said in a Thursday interview he hopes the blame for FTX’s failure falls squarely on SBF.

Fortune

Bankman-Fried Received $1Bn in Personal Loan from His Company

The founder of the FTX cryptocurrency exchange borrowed money from one of his bankrupt companies.

The Street

Tech venture capital fueled FTX’s rise—and bears some responsibility for its downfall

Mounting evidence shows VC firms ignored major warning signs and failed to take basic risk-mitigation steps.

Fortune

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Fortune

As FTX crumbled, Sam Bankman-Fried's Bahamas penthouse was put up for sale. The listing was a fake

A viral real estate listing thought to belong to SBF was the result of a "web malfunction."

The Street

Fallen FTX Misused Customers' Money

John Ray, the new CEO in charge of the restructuring, confirmed the existence of a software which made it possible to hide illicit practices.

AFP

FTX had 'complete failure' of controls, new CEO says

New York (AFP) - Collapsed cryptocurrency exchange FTX suffered a "complete failure of corporate controls" under founder Sam Bankman-Fried, the company's new chief executive said Thursday, calling the situation "unprecedented."

Axios

Sam Bankman-Fried's farcical fundraising effort

The former FTX CEO has lost the plot.

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Investors Business Daily

New CEO Slams Bankman-Fried As FTX Bankruptcy Impact Spreads

New FTX CEO slams Sam Bankman-Fried for "complete absence of trustworthy financial information" as more crypto firms report liquidity issues

The Street

Incompetent or Crook? FTX's Bankman-Fried Creates Confusion

The founder and former CEO of the cryptocurrency exchange FTX tries to explain what precipitated the downfall of his empire.

The Street

FTX Employees Used Company Funds to Buy Homes in the Bahamas

There were no expense controls for employees whose expenses were approved by chat with personalized emojis, according to the new CEO.

The Guardian - US

New FTX boss, who worked on Enron bankruptcy, condemns ‘unprecedented failure’

US corporate restructuring expert John Ray says ‘never in my career have I seen such a complete failure of corporate controls’

The Street

FTX Collapse: Founder and Co Used Company's Money to Buy Homes in the Bahamas

There were no expense controls for employees whose expenses were approved by chat with personalized emojis, according to the new CEO.

Fortune

SBF is unraveling before our eyes, and it's not pretty

The founder of FTX won't stop talking.

The Street

FTX Founder and Co Are "Potentially Compromised"

John Ray, the new CEO in charge of restructuring the cryptocurrency exchange, makes a scathing indictment of the Bankman-Fried years.

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Hans Christian Andersen

From analysis to the latest developments in health,
read the most diverse news in one place.

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