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The Latest Breaking News from Sam Bankman-Fried

FTX Collapse Sparks Calls to Jail "Bernie Madoff of Crypto"

The cryptocurrency exchange suddenly collapsed on November 8, leaving millions of investors reeling.

The Street

Crypto's biggest player says most people shouldn't invest in crypto right now

Binance's CZ calls on the crypto community to help 'rebuild' after FTX collapse, while advising first-time investors to stay away.

Fortune

Why were so many smart people so dumb about FTX? Did they seriously just like Sam Bankman-Fried’s ‘vibe’?

The collapse of the cryptocurrency exchange will cost investors billions. But why would anyone give money to a man who plays video games in important meetings?

The Guardian - UK

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FTX has at least 1 million creditors, more than 10 times what it previously claimed

When the exchange filed for bankruptcy on Friday it only mentioned about 100,000 creditors, not the more than 1 million acknowledged on Tuesday.

Fortune

FTX failure may strengthen case for more robust crypto regulation

WASHINGTON — The spectacular collapse of major cryptocurrency exchange FTX is prompting calls for stronger regulation in Congress, where some bipartisan proposals are being characterized as too industry friendly.

Tribune News Service

Musk wants to know whether FTX laundered money for the Democrats

Musk needs corporations to feel comfortable advertising their products and services on Twitter for the company to avoid bankruptcy, and catering to the internet’s seedy underbelly does not help.

Fortune

Michael Hiltzik: Crypto tycoon Sam Bankman-Fried didn't lose a $16 billion fortune. His 'fortune' was never real

The Greek tragedy unfolding in the financial press over the last week is the story of Sam Bankman-Fried, the would-be cryptocurrency tycoon and political kingmaker whose multibillion-dollar empire has sunk like the Titanic after its encounter with the iceberg.

Los Angeles Times

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The biggest and fastest net-worth losses of our time

While Sam Bankman-Fried lost his whole fortune last week, he's not the first billionaire to see a dramatic drop in net worth.

Fortune

Fallen FTX Founder Bankman-Fried Posts Erratic, Disturbing Messages

Sam Bankman-Friend and FTX are under investigation after the abrupt bankruptcy of the cryptocurrency exchange.

The Street

How is SBF coping with losing $16 billion and the possibility of prison? He’s playing video games and posting cryptic tweets

The disgraced founder of FTX was “surprisingly calm” in a recent interview.

Fortune

FTX failure may strengthen case for more robust crypto regulation - Roll Call

Lawmakers say the collapse of FTX should strengthen the case for Congress to pass legislation to regulate the cryptocurrency industry.

Roll Call

Sam Bankman-Fried's effective altruism may have been his downfall

“I wanted to get rich, not because I like money but because I wanted to give that money to charity,” Sam Bankman-Fried once said.

Fortune

Sam Bankman-Fried was hailed as a crypto wonder child. What happened?

Bankman-Fried promoted himself as an eccentric genius. In reality, his image was a distraction from what was going on inside FTX

The Guardian - US

FTX Lawyers Note 'Dozens' of Potential Probes, Question SBF Leadership in New Bankruptcy Filing

"FTX faced a severe liquidity crisis that necessitated the filing of these cases on an emergency basis last Friday," lawyers for the now-bankrupt crypto exchange told a Delaware court late Monday.

The Street

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The Street

Stocks Higher, Walmart, Home Depot, Warren Buffett And FTX - Five Things To Know

Stocks futures higher with retail earnings, data in focus; Walmart Q3 earnings to focus on inventory, margins as shoppers seek value; Home Depot earnings in focus as housing market slumps; Taiwan Semi surges as Warren Buffet reveals $4.1 billion stake in chipmaker and FTX bankruptcy details multiple probes, questions SBF…

WEKU

FTX made a cryptocurrency that brought in millions. Then it brought down the company

The now-bankrupt cryptocurrency exchange FTX made real money off of its own digital currency, called FTT. That currency is practically worthless now, but investors continue to trade it.

Axios

Bankman-Fried spent millions on Dem campaigns

Sam Bankman-Fried and Ryann Salame spent $56 million on the midterm elections.

The Guardian - UK

Crypto exchange FTX expects to have more than 1m creditors

Bankruptcy filing says ‘questions arose’ about founder Sam Bankman-Fried’s leadership

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Pedestrian.tv

Allow Me, A Bimbo Who Can’t Count, To Explain How A Crypto Dweeb Lost $24 Billion In Days

Because tea from the crypto world isn't just for nerds.

Fortune

Sam Bankman-Fried realizes that his Twitter war with rival CZ could have been what killed FTX: 'Not a good strategic move on my part'

After the implosion of his multi-billion dollar business, Bankman-Fried said he's chilling out playing video games.

Fortune

Is the collapse of Bankman-Fried's FTX crypto empire the end of Effective Altruism?

The one-time billionaire was closely associated with Effective Altruism. Now some fear for the movement's future.

Fortune

The rise and fall of FTX and Sam Bankman-Fried: The 30-year-old who built a $30 billion empire in 3 years—and burned it down in 48 hours

The demise of the founder, who was seen as a benevolent and stabilizing force in crypto, has left his supporters and enemies with unanswered questions.

The Street

Bitcoin Billionaire Saylor Blasts "Corrupt Crypto-Bank" FTX

The crypto evangelist believes that the debacle of the cryptocurrency exchange is a very bad publicity for bitcoin.

Benzinga

Why This Short Seller Is Doubling Down Against Cryptocurrency, Says 'US Government Should Be Embarrassed' About FTX Debacle

Activist investor and short seller Citron Research made headlines in 2021 for attacking stocks like GameStop Corporation (NYSE: GME) and other popular companies with the retail investment crowd.

The Street

Fallen FTX Founder Cheated to Make More Money on His Platform

Sam Bankman-Fried used an old trick to make more money on his crypto exchange FTX, according to the Wall Street Journal.

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