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BIZARRE: 33 | Mind Blowing Facts

Bankman-Fried pleads not guilty, faces trial in October

FTX founder Sam Bankman-Fried pleaded not guilty to criminal charges Tuesday and is set to face a trial in October, a courtroom showdown likely to be one of the highest-profile white-collar fraud cases in recent years.

Tribune News Service

SBF to face criminal charges in Manhattan Tuesday

FTX founder expected to plead not guilty to eight criminal counts.

Fortune

Will 2023 bring more crypto bankruptcies to weed out ‘the pumps and the frauds’?

The crypto industry had a rough go of it in 2022, with crashing cryptocurrency prices and a series of catastrophic bankruptcies.

Tribune News Service

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Cameron Winklevoss gives crypto baron one week to come up with a $1 billion solution to make his Gemini customers whole

Winklevoss and his identical twin brother first rose to prominence through their lawsuit against Mark Zuckerberg, who they claimed stole their idea for Facebook.

Fortune

FTX founder Sam Bankman-Fried faces arraignment in New York

FTX founder Sam Bankman-Fried is returning to a Manhattan federal court to face charges of cheating investors and looting customer deposits on his cryptocurrency trading platform

The Independent UK

Why did no one short FTX? It’s complicated

One Wall Street short-seller says crypto was “the world’s best party”—and wishes he had made a “Big Short”–type bet.

Fortune

‘He destroyed the lives of many’: How a true crime filmmaker came to view Bernie Madoff as a ‘financial serial killer’

The director tells Clémence Michallon about his new Netflix documentary ‘Madoff: The Monster of Wall Street’, the collapse of FTX, and how history seemingly repeats itself

The Independent UK

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Fortune Crypto's 2022 Jealousy List

Here are some of the best crypto—and a few non-crypto—stories our reporters and editors read in 2022.

Fortune

The Crypto Winter will last through 2023 and maybe 2024, predicts PayPal and Meta alum David Marcus

“We won’t exit this 'crypto winter’ in 2023, and probably not in 2024 either,” Marcus wrote in a year-end blog post.

Fortune

Crypto journalist slams New York Post and Daily Mail for ‘sexist’ coverage of Bankman-Fried meeting

Critics argued coverage showed misogyny towards women in tech media

The Independent UK

Year of tighter regulations

Throughout 2022 digital asset businesses were under scrutiny from the Securities and Exchange Commission (SEC), imposing several new regulations to mirror the international market, with the objective of improving investor protection.

Bangkok Post

Long arm of the law affects all

With the economy on a recovery path, 2022 offered a roadmap for various industries to grow and cash in on near-term opportunities. For some sectors, a lack of supervision stymied potential development. As new rules are imposed and others expire, businesses and individuals need to adapt because the government is…

Bangkok Post

The year in bankruptcy isn't just an FTX story. What's next could be even bigger.

The number of bankruptcies actually declined in 2022, but the amount of debt swimming through court is higher. And yes, FTX (likely) leads the pack.

Fortune

RBI pitches for common approach towards crypto assets to address potential risks

MUMBAI: To address potential financial stability risks and protect investors, it is important to arrive at a common approach to crypto assets, the Financial Stability Report released by RBI said on Thursday.

The Times of India

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Fortune

The 10 biggest crypto funding rounds of 2022

How much did Crypto Winter freeze venture funding?

WEKU

2022 was the year crypto came crashing down to Earth

For the world of crypto, 2022 started with exuberance and ended with its unofficial spokesman in handcuffs.

Al Jazeera

Crypto player Kraken to exit Japan amid sector’s annus horribilis

US-based cryptocurrency exchange’s announcement comes amid plummeting asset values and sector-wide reckoning over FTX.

Tribune News Service

FTX customers sue Sam Bankman-Fried as part of Chapter 11 case

Customers of failed cryptocurrency exchange FTX sued in bankruptcy court in hopes of being first in line to recover some of the billions lost in the meltdown of Sam Bankman-Fried’s digital-asset empire.

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Tribune News Service

Bankman-Fried’s fraud case is reassigned after original judge recuses herself

The fraud case against FTX co-founder Sam Bankman-Fried has been reassigned to U.S. District Judge Lewis Kaplan in Manhattan after the original judge in the case recused herself over a potential conflict of interest.

The Independent UK

Pharma Bro Martin Shkreli gives disgraced FTX boss Sam Bankman-Fried advice on surviving jail time

Shkreli predicted Mr Bankman-Fried, currently under house arrest, could face challenges if convicted on fraud charge

Tribune News Service

US probes how $372 million vanished in hack after FTX bankruptcy

Federal prosecutors are investigating an alleged cybercrime that drained more than $370 million out of FTX just hours after the cryptocurrency exchange filed for bankruptcy last month.

Axios

Crypto will survive FTX, Sam Bankman-Fried

Today, there are people all over the world committed to cryptocurrency's endurance.

Los Angeles Times

Emails reveal Sam Bankman-Fried’s courtship of federal regulators

ALAMEDA, Calif. — Before his mid-December arrest, cryptocurrency billionaire Sam Bankman-Fried repeatedly claimed that he was a responsible business leader who sought more regulation of cryptocurrency and wanted his industry to be part of the mainstream financial system.

Fortune

Crypto's very bad year yielded even worse falls from grace. Here's a list.

Some of the industry’s biggest names fell from historic highs historically quickly.

Fortune

Crypto is like the ‘World of Warcraft’ economy and legitimizing it with regulations would hurt the financial system, says economist

"While there's money involved, I don't think any of us would call on [regulators] to supervise online massive multiplayer games," argued Stephen Cecchetti.

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