The Latest Breaking News from Sam Bankman-Fried

‘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

"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.”

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

Bloomberg

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…

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

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

"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."

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…