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The Latest Breaking News from Sam Bankman-Fried

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.

The Street

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

The founder of FTX won't stop talking.

Fortune

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.

The Street

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Sam Bankman-Fried Collapsed FTX Amid 'Complete Failure of Corporate Controls', Says New CEO

"Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information," said new FTX CEO John Ray.

The Street

FTX latest: Bankruptcy lawyers accuse SBF of undermining case

Sam Bankman-Fried is undermining efforts to reorganize his crumbling empire with “incessant and disruptive tweeting,” US lawyers for the bankrupt crypto platform FTX said in a court filing.

Tribune News Service

Dramatic collapse of the cryptocurrency exchange FTX contains lessons for investors but won't affect most people

In the fast-paced world of cryptocurrency, vast sums of money can be made or lost in the blink of an eye. In early November 2022, the second-largest cryptocurrency exchange, FTX, was valued at more than US$30 billion. By Nov. 14, FTX was in bankruptcy proceedings along with more than 100…

The Conversation

Fallen FTX Founder Bankman-Fried Plays the Victim

Sam Bankman-Fried is trying to absolve himself of the practices that led to the bankruptcy of his empire.

The Street

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Fallen FTX Founder Says He Didn't Know What Was in the Books

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

The Street

“This is fraud:” Coinbase CFO says of FTX as more crypto fintechs get caught in contagion

Alesia Haas is trying to assure consumers that FTX was merely a bad actor and is not representative of the whole industry.

Fortune

Binance boss pledges to release audit, throws 'psychopath' jab

Abu Dhabi (AFP) - The head of Binance, the world's top cryptocurrency exchange, pledged Thursday to release an audit into the firm and rejected claims he sparked the recent collapse of rival platform FTX.

AFP

How to raise $2 billion with a sloppy Excel spreadsheet

Sam Bankman-Fried's homespun FTX fundraising documents show disorganization.

Fortune

FTX bankruptcy is bad news for the charities that crypto mogul Sam Bankman-Fried generously supported

FTX, an exchange for trading cryptocurrencies, quickly became bankrupt and defunct in November 2022. Its founder, Sam Bankman-Fried, is broke, and the 30-year-old former billionaire could be in serious legal trouble for his alleged financial improprieties. The Conversation asked Brian Mittendorf, an accounting scholar at The Ohio State University, to…

The Conversation

FTX's disgraced founder SBF still thinks he can rebuild his bankrupt crypto empire and make customers whole

The 30-year-old who fashioned himself as an altruist claimed FTX was not in a balance sheet crisis with its very solvency at risk, merely a liquidity crisis.

Fortune

For embattled FTX founder Sam Bankman-Fried, incompetence could be a legal strategy

If federal authorities want to pursue criminal charges, they'll have to prove intent, experts say.

Axios

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Fortune

Elizabeth Holmes' attorneys paint a dark picture of venture capital as her sentencing looms

An “ardently resilient optimist” can actually do a lot of damage.

The Guardian - UK

FTX’s former CEO claims crypto exchange is still solvent

Sam Bankman-Fried makes statement even as new boss begins formal bankruptcy process

The Street

Fallen FTX Founder Says He's Meeting with Regulators

Sam Bankman-Fried has already been questioned by the police in the Bahamas.

The Street

Anthony Scaramucci, Former Trump Ally, Lost Money in FTX Collapse

The firm of Donald Trump's one-time communications director was bailed out by Sam Bankman-Fried.

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The Independent UK

Size, scope of FTX failure gets clearer as users fear worst

Just days after cryptocurrency’s third-largest exchange collapsed, the public is starting to get a feel of how messy FTX’s bankruptcy case could be

Crikey

Sorry, not sorry: the dark art that lies beneath corporate tech wrecks

When CEOs and politicians say ‘I’m responsible’ for stuff-ups, they don’t actually mean they’re sorry. Sorry is for the suckers they’ve crushed.

Fortune

Exclusive: Leaked documents Sam Bankman-Fried used for fundraising in 2021 and 2022 show FTX revenue soared nearly 6,600% in two years but leveled off this year

Fortune reviewed two sets of spreadsheets, one dated December 2021 and another dated June 22, 2022, that showed FTX's astounding growth before its sudden crash.

The Street

FTX Collapse About to Claim First Huge Victim: BlockFi

The crypto lender, which had been bailed out by FTX, is reportedly preparing to file for bankruptcy.

Fortune

Politicians spurn contributions from bankrupt crypto exchange FTX and its former CEO Sam Bankman-Fried

SBF had donated close to $40 million in the 2021–2022 cycle, according to OpenSecrets.

Fortune

Why the collapse of Sam Bankman-Fried's FTX has split A.I. researchers

The close ties between A.I. and the 'Effective Altruism' movement that Bankman-Fried belonged to, are now in the spotlight.

The Street

Fallen FTX Reveals Top Creditors on Friday

The number of creditors could rise to one million, FTX's latest bankruptcy court filing show.

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