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REVEALED: 31 - The Real Truth

FTX seeks to claw back donations to politicians and charities

Collapsed cryptocurrency exchange had reputation for corporate philanthropy to tune of hundreds of millions of dollars

The Guardian - UK

AP News Digest 7 a.m.

Here are the AP’s latest coverage plans, top stories and promotable content. All times EST. For up-to-the minute information on AP’s coverage, visit Coverage Plan at https://newsroom.ap.org.

The Independent UK

Sam Bankman-Fried sent back to Bahamian jail after catching lawyer off guard with US extradition plan

FTX co-founder Sam Bankman-Fried’s preparations to be extradited to the United States have hit an abrupt and confusing snag in a Bahamas courtroom.

Tribune News Service

From analysis to the latest developments in health,
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Sam Bankman-Fried delays agreement on extradition to US

The crypto tycoon has acknowledged failures at FTX but says he does not believe he has criminal liability

The Independent UK

Sam Bankman-Fried prepared to be extradited to US as soon as Monday

Disgraced FTX co-founder Sam Bankman-Fried has indicated he’s preparing to be extradited to the U.S. from the Bahamas as soon as Monday, according to a person with direct knowledge of the matter.

Tribune News Service

Why SBF’s arrest means freedom for everyone else in the crypto space

Regulators have taken too long to enforce basic laws–and that has undermined crypto's credibility, writes Dmitry Gooshchin.

Fortune

Unlike Washington, Andreessen Horowitz has a plan to push forward crypto legislation

Collin McCune worked on the House Financial Services Committee before becoming the firm's new head of government affairs.

Fortune

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‘I said you’re a fraud.’ CME Group’s boss spotted early trouble at crypto exchange FTX

Terrence Duffy, chairman of Chicago-based exchange owner CME Group, said his meeting with Sam Bankman-Fried showed FTX had no plan to prevent trading calamities that could have spread across the financial system.

Chicago Sun-Times

Disgraced crypto boss Sam Bankman-Fried to walk back decision to fight extradition, report says

Bankman-Fried potentially faces prison sentence of over 100 years

The Independent UK

Sen. Sherrod Brown leaves possibility of crypto ban open as momentum builds for stronger regulation

"Crypto doesn’t get a free pass because it’s bright and shiny," said the Senate banking chairman Sunday.

Fortune

Ira Winderman: FTX fiasco has Heat’s Haslem feeling pain of others

This was not an interview Udonis Haslem wanted to be having, making that clear immediately.

Tribune News Service

Former FTX CEO Sam Bankman-Fried to reverse decision on contesting extradition

Sam Bankman-Fried is expected to appear in court in the Bahamas on Monday to reverse his decision to contest extradition to the United States, where he faces fraud charges, a person familiar with the matter said.

ABC News

Sam Bankman-Fried will now reverse his decision to fight extradition to the U.S.: Report

The FTX founder was arrested on Monday in the Bahamas and denied bail, with the judge deeming him a flight risk.

Fortune

Exclusive-Sam Bankman-Fried to reverse decision on contesting extradition

Former FTX Chief Executive Sam Bankman-Fried is expected to appear in court in the Bahamas on Monday to reverse his decision to contest extradition to the United States, where he faces fraud charges, a person familiar with the matter said on Saturday.

Reuters

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The Guardian - UK

Why were the media hypnotised by Sam Bankman-Fried?

Credulous or ignorant interviewers made it easier for the disgraced crypto wunderkind to pull the wool

The Guardian - US

Fraud, cons and Ponzi schemes: did Sam Bankman-Fried use Madoff tactics?

The fallen crypto mogul is fighting off accusations he followed a similar playbook to Madoff – and deceived investors in the process

inkl Originals

The Weekly Wrap for Saturday, 17 December 2022

This man needs little introduction. He's a scoundrel who drank his own bath water. A gambling exemplar of modern techno-capitalism. And if we lived in a just society, Sam Bankman-Fried would be TIME magazine's Person of the Year.

The Texas Tribune

More Texans give away campaign donations from Sam Bankman-Fried and other FTX affiliates

Earlier this month, The Texas Tribune reported that Beto O’Rourke had given back a $1 million donation that Bankman-Fried had donated to his campaign.

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The Independent UK

Democrats set aside donations from ex-FTX CEO Bankman-Fried

The three primary committees charged with electing Democrats are setting aside more than $1 million in donations from disgraced crypto mogul Samuel Bankman-Fried this election cycle

Fortune

Is Binance okay? Events this week had the crypto industry on edge

The crypto market jitters about Binance this week were likely overblown—but there are still reasons to be concerned about the health of the world's biggest crypto exchange.

The Guardian - UK

From Musk to Truss, 2022 was the year reckless populists came crashing down to Earth

Revolutionaries who claim to bring down corrupt systems have proved that orthodoxy exists for a reason, says Guardian columnist Gaby Hinsliff

Fortune

The biggest deals, scandals, bets, and M&A breakups from a truly memorable year

All the notable deal news as told through a year of Term Sheets.

Roll Call

Bankman-Fried made Agriculture panel members focus of campaign support

Sam Bankman-Fried and other FTX employees put House and Senate Agriculture panel members at the focus of campaign spending and donations.

WEKU

Binance was once FTX's rival and possible savior. Now it's trying not to be its sequel

Binance temporarily froze withdrawals after customers withdrew more than $1 billion worth of crypto on Tuesday, fueling fears more crypto companies could collapse.

Fortune

Shaq distances himself from crypto, despite once being a paid spokesperson for FTX

“A lot of people think I’m involved, but I was just a paid spokesperson for a commercial,” O’Neal said, referring to his association with the failed cryptocurrency exchange FTX.

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