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BIZARRE: 38 - What They Never Told You

Sam Bankman-Fried: Trust Is Everything

Ironically, the FTX meltdown is the best illustration yet of why the world needs bitcoin.

Reason

Crypto lender BlockFi goes bankrupt in aftermath of FTX

BlockFi Inc. filed for bankruptcy, the latest crypto firm to collapse in the wake of crypto exchange FTX’s rapid downfall.

Tribune News Service

A VC who’s been panning crypto since 2017 discusses where he’s investing now

Ramy Adeeb says his firm, 1984 Ventures, tries to avoid the flavor of the day, whether it’s [hotlink]Google[/hotlink] Glass, 3D printing, virtual reality, autonomous driving, crypto, or the current obsession with generative A.I.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

Miami-Dade County will add millions to FTX bankruptcy claim unless the arena naming rights deal with the crypto exchange is terminated

If the agreement isn’t terminated by Jan. 1, the county said it will add $5.5 million to its $16.5 million claim in bankruptcy court.

Fortune

Installation of crypto ATMs hits record low in September as downturn continues

The impact of Crypto Winter has spread far and wide.

Fortune

3 crypto storylines to follow

The news frenzy around FTX is finally abating as people look for new stories. Here's what to watch for.

Fortune

Mark Cuban says he’d ‘be afraid of going to jail for a long time’ if he were Sam Bankman-Fried

The billionaire Dallas Mavericks owner still believes in crypto’s potential, but FTX founder Sam Bankman-Fried’s future could be bleak.

Fortune

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Sam Bankman-Fried’s fall hasn’t killed off ‘effective altruism’

Brief letters: FTX collapse | Replica of William the Conqueror’s ship | A seat for the privileged | Giant otters | Matt Hancock’s ‘junglewashing’

The Guardian - UK

If greed can ever be good, that philosophy didn’t work at FTX’s charity

The ‘ethics stuff’ was just a front, says the bankrupted cryptocurrency billionaire Sam Bankman-Fried

The Guardian - UK

Is America finally sick of billionaires?

Between Elon Musk, Sam Bankman-Fried, Donald Trump and Elizabeth Holmes, who still believes that money = brains?

Salon

Congressman-elect Maxwell Frost knows tough road lies ahead in GOP-led House

ORLANDO, Fla. — Incoming U.S. Rep. Maxwell Frost has suddenly become one of the most prominent members of his generation. But like many other 25-year-olds, he’s still looking for a place to crash.

Orlando Sentinel

Commentary: The practice of proclaiming virtue while amassing wealth and power is not new

What do Elizabeth Holmes, Sam Bankman-Fried and Al Capone have in common? No, they are not all convicted felons. Capone did serve time for tax evasion, and Holmes was recently sentenced to 11 years in prison for defrauding the public through her blood-testing company Theranos. But Bankman-Fried, founder of the…

Chicago Tribune

‘Foot massage to a criminal’: Elon Musk leads attacks on WSJ for Sam Bankman Fried article

Bankman Fried’s FTX is now reportedly under investigation by authorities in the US and the Bahamas after up to $2bn in client funds vanished

The Independent UK

The gods of Silicon Valley are falling to earth. So are their warped visions for society

Tech titans like Elon Musk and Sam Bankman-Fried have been feted for their wealth, but see the world in ways that also merit scrutiny , says Moya Lothian McLean

The Guardian - UK

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The Independent UK

$740M in crypto assets recovered in FTX bankruptcy so far

The company tasked with locking down the assets in the failed cryptocurrency exchange FTX said they’ve managed to recover and secure $740 million in assets so far, a fraction of the potential billions that is likely missing from bankrupt company’s coffers

Fortune

Crypto customers looking to write-off FTX investments for taxes will need to wait

FTX customers may be facing huge losses, but most are in a holding pattern until bankruptcy proceedings bring some clarity and order to how the failed cryptocurrency exchange's assets will be handled.

WEKU

5 major revelations about the collapse of crypto giant FTX

At the first hearing in FTX's bankruptcy proceedings, lawyers confirmed that millions of dollars are stolen or missing, and revealed stunning details about the downfall of the once-mighty exchange

Fortune

Inside FTX’s crypto empire in the Bahamas

A Fortune reporter lays out details from his week in the Bahamas, uncovering the collapse of FTX.

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news in one place.

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The Guardian - UK

Founder of failed crypto exchange FTX apologises to ex-employees

Sam Bankman-Fried continues to say firm’s downfall can be solely explained by misplaced $8bn

Al Jazeera

‘Betrayed’: FTX meltdown signals end to crypto’s ‘Wild West’ days

Cryptocurrency exchange’s spectacular collapse spurs government scrutiny and calls for greater regulation.

The Guardian - US

FTX was run as ‘personal fiefdom’ of Sam Bankman-Fried, court hears

Hearing in Delaware bankruptcy court is the first since the cryptocurrency exchange declared bankruptcy earlier this month

Fortune

Inside Sam Bankman-Fried's extravagant penthouse lifestyle in the Bahamas, where the T-shirt-clad FTX founder lived like royalty

The FTX founder created a gilded and connected life in the island paradise.

Los Angeles Times

Michael Hiltzik: How Sam Bankman-Fried exploited the 'effective altruism' fad to get rich and con the world

The most uplifting aspect of the Sam Bankman-Fried story was always that he guided his way to a putative cryptocurrency fortune of more than $16 billion by following a philosophy of charitable giving known as "effective altruism."

The Guardian - UK

TechScape: How do you slice a billion-dollar crypto bankruptcy pie?

The 50 biggest claims against FTX total $3.1bn. Now a US court has to determine who gets what – if anything. Plus, what will be more valuable by the end of the year: Musk’s stake in Twitter, or a lettuce?

The Philadelphia Inquirer

Will Bunch: Billionaires like Musk, Bankman-Fried didn't save the world. They wrecked it. Let's take it back

After growing up amid upper-middle-class affluence in Silicon Valley as the children of two Stanford Law School professors, as a super-smart kid who got into MIT to study physics, Sam Bankman-Fried decided in those teen years that he wanted to save the world in the worst way.

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