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INSANE: 19 - The Real Truth

Sam Bankman-Fried on the stand: ‘A lot of people got hurt’

Disgraced crypto entrepreneur admits mistakes were made in FTX’s collapse but denies he’s a crook

The Independent UK

CASA CEO Raises Concerns Over Unusual Activities At Binance And Binance.US

Bitcoin self-custody firm CEO urges caution as reports of questionable practices emerge

Zenger

Sam Bankman-Fried used $1.2 billion of customer money to buy out Binance CEO Changpeng Zhao, witness says. Will CZ pay it back?

“The amount of customer deposits held in Alameda Research and FTX.com accounts was way less than was owed to customers on FTX,” testified accounting professor Peter Easton on Wednesday.

Fortune

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False SEC Approval Rumor Causes Cryptocurrency Market Dive

Major cryptocurrencies plummet after fake news about BlackRock's spot bitcoin ETF approval circulates.

Zenger

Israel Cracks Down On Hamas’ Crypto Access, Seizes Millions

Dozens of cryptocurrency accounts closed and funds seized as Israel intensifies efforts to disrupt Hamas' crypto operations.

Zenger

Bankman-Fried’s whisper campaign against Binance is part of a long U.S. tradition of working the refs

Testimony this week shed light on Bankman-Fried's attempt to sic regulators on Binance—a time-worn tactic in U.S. finance.

Fortune

Don't throw the crypto baby out with the mercenary bathwater

The Reserve Bank is preparing for the day when cryptocurrency goes mainstream in New Zealand but there are plenty of sceptics who doubt the benefits of digital assets. Ben Rose argues the case for moving forward.

Newsroom.co.nz

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Bitstamp To Exit Canadian Market As Cryptocurrency Exchange Shake-Up Continues

Luxembourg-based exchange discontinues services for Canadian customers, plans to refocus on regions with favorable regulations.

Zenger

What Cryptocurrency Is and How Bitcoin Works

Now is the time to gain basic knowledge about cryptocurrency and bitcoin – before you put your hard-earned money to work in a high-risk space.

Kiplinger

How Binance's CEO outwitted Bankman-Fried, and helped topple FTX

"CZ" appears to have laid a trap for Bankman-Fried in a transaction between the men that preceded FTX's collapse.

Fortune

Binance Joins Forces With Thai Police And HSI To Dismantle $277M ‘Pig Butchering’ Scam

Crypto exchange collaborates in successful operation, leading to arrests and seizure of assets.

Zenger

Binance Faces Class-Action Lawsuit Over Alleged Role In FTX’s Downfall

California resident accuses Binance and CEO Zhao of unfair competition, seeks monetary damages

Zenger

Cryptocurrencies Plummet As Binance And Zhao Seek Dismissal Of SEC Lawsuit

Market decline follows motion to dismiss allegations of securities violations by Binance and its CEO

Zenger

What is FTX founder Sam Bankman-Fried’s trial about?

Bankman-Fried, who had his bail revoked in August, faces multiple charges of money laundering and fraud.

Al Jazeera

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The Independent UK

Sam Bankman-Fried must now convince a jury that the former crypto king was not a crook

For a while, Sam Bankman-Fried tried to convince politicians and the public that he was the next J

The Guardian - US

‘Dark’ donations, free love and the fall: the Sam Bankman-Fried trial is here

The FTX founder’s day in court comes on Tuesday. Where did it all go wrong – and what can we expect in the high-profile trial?

Zenger

Binance Seeks New Banking Partner As Paysafe Support Ends

Crypto exchange notifies users to convert EUR balances to Tether amid Paysafe chaos.

Zenger

Binance CEO Denies Ownership In CommEx Amid Russia Business Acquisition

Changpeng Zhao clarifies operational overlaps and disassociates from ownership ties

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Fortune

A timeline of Sam Bankman-Fried, who could go down as one of history’s most notorious fraudsters

Sam Bankman-Fried, 31, is facing fraud and conspiracy charges linked to FTX, which was once valued at $32 billion.

Zenger

Binance Exits Russia Amid Sanctions Probe, Sells Operations To CommEX

Crypto exchange Binance sells entire Russian operations to newly formed exchange CommEX after facing sanctions probe.

Fortune

Binance sells Russian operation to crypto exchange that officially launched hours prior to announced deal

CommEX, which hasn't publicly disclosed information about its CEO or where it's registered, agreed to purchase Binance’s Russian entity.

France 24

Several hundred Wagner fighters return to eastern Ukraine, Kyiv says

Several hundred members of Russia’s Wagner private mercenary group have returned to eastern Ukraine to fight but are not having a significant impact on the battlefield, a Ukrainian military spokesperson said on Wednesday. Wagner fighters played an important role in Russia’s capture of the eastern city of Bakhmut in May…

Fortune

Coinbase pursued FTX Europe acquisition as it looked to expand its overseas derivatives business

The FTX entity owns a key regulatory license in the European market.

The Guardian - UK

City watchdog ex-chair says he faced ‘political pressure’ to let in crypto firms

Charles Randell says some of the exchanges the FCA was pressed to allow to trade in the UK are now being investigated in the US

Fortune

Key legal and risk executives leaving Binance.US in wake of CEO stepping down, massive layoffs

Binance.US CEO Brian Shroder stepped down earlier this week.

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