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The Latest Breaking News from Sam Bankman-Fried

Crypto's nature is revealed by the downfall of Sam Bankman-Fried's FTX

There is nothing much holding crypto up except the belief it eventually will go higher.

Fortune

Stocks Extend Gains, FTX, Twitter, Intel And TuSimple - Five Things To Know

Stock futures extend gains on rate bets, China Covid easing; FTX woes deepen as crypto exchange warns on us operations; Musk says can't rule out Twitter bankruptcy as more execs depart; TuSimple shares slump as former CEO returns to helm and Intel slides as JPMorgan resumes coverage with 'underweight' rating.

The Street

FTX assets frozen by Bahamas regulator as crypto exchange fights for survival

Founder Sam Bankman-Fried races to find funds to fill multibillion-dollar hole in exchange

The Guardian - UK

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The spectacular collapse of a $30 billion crypto exchange should come as no surprise

Not long ago, FTX was one of the world’s largest trading platforms for cryptocurrencies. Founded in 2019, the Bahamas-based crypto exchange had a meteoric rise to prominence, and was valued at more than US$30 billion earlier this year.

The Conversation

Daily Telegraph’s ‘inaccurate’ reporting taken into account by judge when sentencing paedophile

‘Sensational’ reporting by News Corp and 2GB should be considered as additional punishment when deciding sentence, judge says. Plus: the AFR’s kiss of death

The Guardian - AU

Sam Bankman Fried breaks silence on what went wrong with FTX: 'I f****d up twice'

"I was slammed with things to do and didn't give updates to you all. And so we are where we are. Which sucks, and that's on me. I'm sorry.”

Fortune

Former Billionaire Behind Crypto Crash Apologizes: "I F----- Up"

Sam Bankman-Fried has apologized as the damage caused by the fall of his empire is still far from fully known.

The Street

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What happened to FTX and could the crisis spill over to the rest of crypto?

International exchange for crypto assets is in effect unregulated – and may have been built on sand

The Guardian - UK

Inside Sam Bankman-Fried's call with investors

FTX's founder and CEO was apologetic, but not terribly forthcoming.

Axios

"I Fucked Up" Says Former Crypto Billionaire Behind Crash

Sam Bankman-Fried has apologized as the damage caused by the fall of his empire is still far from fully known.

The Street

With Bitcoin, Ether And Altcoins Drowning In A Sea Of Blood, Can Investors Hope To Catch A Falling Knife?

The cryptocurrency market continued its downward trajectory on Thursday morning, reeling under the implications of a failed deal between cryptocurrency exchange Binance and its rival FTX, with prices of major digital assets, including altcoins, trading at levels not seen

Benzinga

Troubled FTX Faces SEC Probe And 'Urgently Needs' $8B To Avoid Bankruptcy, NIO Posts Wider Q3 Loss, AstraZeneca Ditches US Application Submission For COVID-19 Shot: Top Stories Thursday, Nov. 11

Bloomberg

Benzinga

Cryptocurrencies: why Binance's failed FTX rescue deal could mean 'crypto winter' is coming

Life in the cryptocurrency industry is rarely quiet for long, and after a tumultuous summer, it seems the market is now entering a “crypto winter”. Over the past week, the founders of two of the largest cryptocurrency exchanges – Binance and FTX – have had a public Twitter spat that…

The Conversation

Sam Bankman-Fried needs $4 billion. Fast.

Bankman-Fried apologized to investors and said he would be “incredibly, unbelievably grateful” if they could help out.

Fortune

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The Guardian - UK

Cryptocurrency exchange FTX now worthless, says key investor

Firm valued at $25bn in 2021 suffered bank run-style crisis as investors rushed to withdraw money

The Street

FTX On The Brink As It Halts Client Onboarding After Binance Scraps Rescue

"I'm deeply sorry that we got into this place, and for my role in it," Sam Bankman-Fried to FTX employees. "That's on me, and me alone, and it sucks, and I'm sorry."

The Street

Stocks Edge Higher, Inflation Data, FTX, Apple And Rivian In Focus - Five Things To Know

Stock futures nudge higher, eyeing CPI data and crypto fallout; Mixed October inflation data unlikely to alter Fed rate path; FTX on the brink as reports suggest $8 billion black hole on books; Apple supplier Foxconn sees weaker Q4 smartphone revenues and Rivian shares jump on smaller q3 loss, 2022…

Bangkok Post

Investors expect crypto turmoil to get worse

Cryptocurrency markets endured heavy losses on Thursday, with bitcoin near a two-year low as investors fretted about the fallout from the implosion of FTX, the world’s second-largest crypto exchange.

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news in one place.

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Tribune News Service

Sam Bankman-Fried's FTX empire faces US probe into client funds, lending

U.S. regulators are investigating whether beleaguered crypto-exchange FTX.com mishandled customer funds, and they’re looking into the firm’s relationships with other parts of Sam Bankman-Fried’s crypto empire.

The Street

Tom Brady and Steph Curry's Crypto Firm Looks For a Savior

FTX.com, exchange platform for buying and selling bitcoin and other coins, actively seeks a savior.

Al Jazeera

Binance deal for FTX collapses

Binance pulled out of the deal after its corporate due diligence and reports of mishandled funds.

Los Angeles Times

Michael Hiltzik: A cryptocurrency billionaire implodes, showing that the whole field is built on quicksand

For a while there, Sam Bankman-Fried looked like the real thing.

The Street

Big Short Michael Burry Says Don't Touch Crypto Unless...

The advice of the legendary financier comes in the midst of a crisis of confidence in the cryptocurrency industry.

Fortune

After Binance balks, what's next for SBF and FTX?

The news comes a day after Binance said it signed a letter of intent to buy its rival.

The Street

Crypto Crisis: Binance Abandons Cash-Strapped FTX

The world' largest cryptocurrency platform says its rival's problem is bigger than it thought.

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