The Latest Breaking News from Sam Bankman-Fried

Suspicious withdrawals have been made on FTX, while accounts of his empire have been frozen by a rival.

The CEO of Tesla says he was approached by the disgraced former crypto star for Twitter funding.

Splashy sponsorship deals by FTX are now being canceled as the cryptocurrency exchange filed for bankruptcy.

The demise and bankruptcy of crypto brokerage FTX will not be the last downfall in the industry, Binance's CEO predicts.

The 30-year-old wunderkind last week saw his giant FTX digital currency exchange collapse and his $17bn fortune disappear

The collapsed crypto exchange FTX said on Saturday that it was moving funds into offline storage following a series of “unauthorised transactions”, with analysts saying millions of dollars worth of assets had been withdrawn from the platform.

More than $600 million in cryptocurrency mysteriously vanished from the wallets of the bankrupt exchange FTX. In the aftermath, FTX on its official Telegram channel announced that the exchange had been hacked and advised users not to install any new updates and to delete all FTX apps.

MIAMI — FTX founder Sam Bankman-Fried got a thumbs up from Miami Mayor Francis Suarez during a joint appearance last year when an interviewer asked the 29-year-old mogul if a crypto company approaching a $25 billion valuation really had the financial staying power to fund the full 19 years on…

The joint statement comes as the crypto giant officially filed for bankruptcy on Friday.