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The Latest Breaking News from Sam Bankman-Fried

Another one bites the dust: Binance CEO quits as both he and the company plead guilty to money laundering charges and accept whopping $4.3 billion fine

Changpeng Zao founded the company in 2017, and it's since become the world's largest crypto market.

PC Gamer

Binance avoided a death sentence—but the slow bleed is yet to come

The long-awaited settlement with the crypto exchange avoided FTX territory.

Fortune

World’s largest crypto exchange pays $4.3bn to settle federal cases as CEO resigns

Binance crypto exhange was facing scrutiny from federal regulators including the Commodity Futures Trading Commission and the Departments of Justice and Treasury

The Independent UK

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OpenAI’s board is facing backlash for firing CEO Sam Altman – but it’s good it had the power to

The sudden removal of OpenAI CEO Sam Altman on Friday was met with shock and disapproval by the company’s employees. More than 90% signed a letter threatening to leave OpenAI if the board didn’t resign and reinstate Altman – who has since apparently been poached by Microsoft, along with a…

The Conversation

Billionaire ‘techno-optimist’ Marc Andreessen is tweeting up a storm about Sam Altman and OpenAI and he’s furious at the AI 'Doomer' movement

The Andreessen Horowitz co-founder has long believed that “software is eating the world,” but he wants the AI space to move faster.

Fortune

He lost $200,000 when FTX imploded last year. He's still waiting to get it back

The crypto mogul Sam Bankman-Fried has been tried and convicted of orchestrating one of the largest financial frauds in history, but little has changed for people who lost billions when FTX collapsed.

WEKU

Why Did America’s Elite Keep Falling for Crypto Frauds?

Even experienced journalists got suckered by Sam Bankman-Fried.

Foreign Policy

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Crypto app Strike announces partnership with Checkout.com to enable Bitcoin purchases in more than 65 countries

The Jack Mallers-founded firm is expanding its on- and off-ramp services amid a global push.

Fortune

When corporate crime takes many years instead of just one…

Sam Bankman-Fried was tried and convicted in a mere 12 months. If he’d been in Australia, he’d still be living the high life, a Crikey reader says.

Crikey

As Sam Bankman-Fried awaits his prison sentence, spotlight shifts to 'Barb and Joe'

Bankman-Fried's parents remain in the news after their son's fraud conviction.

Fortune

Sins of the father: Could Joe Bankman go to jail for helping his son run FTX?

“They were living high on the hog while advising a bunch of twentysomethings who had no idea what they were doing,” said a a white-collar defense specialist.

Fortune

Trump and SBF blamed their accountants – but your taxes are your responsibility

We business owners can’t just shrug and say it’s the accountant’s job – it’s our signature on those forms

The Guardian - US

FTX claims Bybit, one of world’s largest crypto exchanges, used VIP status to pull hundreds of millions of dollars during collapse

The bankruptcy estate is trying to claw back nearly $1 billion in its latest lawsuit.

Fortune

How did Sam Bankman-Fried attract investors? Well, Fomo probably helped

The cryptocurrency fraudster talked a lot of venture capitalists into pouring millions of dollars into his business. Maybe they should be more careful next time

The Guardian - UK

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WEKU

Sam Bankman-Fried is guilty, and the industry he helped build wants to move on

As Sam Bankman-Fried prepares to go to prison for one of the largest financial frauds in history, the cryptocurrency industry is looking ahead to a future without its former "golden boy."

Crikey

Sam Bankman-Fried, a puffed-up messiah who took the gullible down with him

The king of crypto could have given lessons to Charles Ponzi himself, lessons in how to rip off the ripe-for-the-picking punters.

Radio France Internationale

French FTX cryptocurrency clients welcome Bankman-Fried guilty verdict

French victims of the collapse of the FTX cryptocurrency exchange were pleased with the guilty verdict handed down to founder Sam Bankman-Fried by a jurry in New York, even as they have yet to see any of their money recovered from the collapse of the company a year ago.

Fortune

The battle to revive FTX is down to a former NYSE president, a fintech startup, and a private investment firm

Bullish, a crypto exchange run by former NYSE president Tom Farley; Figure, a fintech startup; and Proof Group, a private investment firm are reportedly the finalists.

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Crikey

Orwell comes for your telly, conservatives hate on Peterson and Trump’s trial is magnificently stupid

Very sane predictions on TV apps, Trump Jr asks court sketch artist to make him ‘look sexy’, and a cat breaks the news.

Fortune

Once a Sam Bankman-Fried favorite, Solana has ‘moved beyond the FTX overhang’ and gained more than 300% this year

The coin has seen more than $30 million in inflows from investors over the past two weeks.

The Conversation

Sam Bankman-Fried was convicted of fraud following the collapse of the cryptocurrency exchange FTX. Here's what investors need to know

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 crypto exchange FTX was valued at more than US$30 billion. By the middle of that month, FTX was in bankruptcy proceedings. And less than…

The Guardian - UK

TechScape: Why Sunak’s ‘vanity jamboree’ on AI safety was actually … a success

Against the odds, world leaders agreed on a landmark declaration to bring stronger oversight to AI. Plus, Sam Bankman-Fried’s very bad week

The Guardian - UK

The problem with tech bro philanthropy

They claim altruistic motives, but billionaires’ favoured brand of do-gooding, which allows no scrutiny or pluralism, is worse than unhelpful, writes Zoe Williams

PC Gamer

Elon Musk's newest scheme is an AI chatbot that is 'based and loves sarcasm'

"In some important respects, it is the best that currently exists."

The Guardian - UK

The problem with Sam Bankman-Fried? We wanted to believe in him

Hungry for innovation, we’re blind to hubris, misguided egos and wishful thinking, says the journalist and broadcaster Josie Cox

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