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BIZARRE: 7 | Mind Blowing Facts

Allow Me, A Bimbo Who Can’t Count, To Explain How A Crypto Dweeb Lost $24 Billion In Days

Because tea from the crypto world isn't just for nerds.

Pedestrian.tv

Binance’s CZ says he never shorted FTX’s crypto token—and the decision to stop selling it was ‘very expensive’

Binance has emerged as one of the biggest winners from the FTX collapse, but its CEO says he didn’t short his rival.

Fortune

The rise and fall of FTX and Sam Bankman-Fried: The 30-year-old who built a $30 billion empire in 3 years—and burned it down in 48 hours

The demise of the founder, who was seen as a benevolent and stabilizing force in crypto, has left his supporters and enemies with unanswered questions.

Fortune

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

Elizabeth Holmes’s sentencing will send a message to tech entrepreneurs—including FTX’s Sam Bankman-Fried

The length of Holmes’s prison term will show how harshly the justice system treats fraud in the industry.

Fortune

Bankrupt Crypto Exchange FTX Under Investigation

Plus: Democrats retain control of Senate, RIP Sharon Presley and Martin Wooster, and more...

Reason

‘Where is Sam Bankman-Fried?’ becomes question of the moment for crypto watchers after FTX bankruptcy

The intrigue surrounding FTX founder Sam Bankman-Fried’s location is notable given how open and accessible he was before.

Fortune

A closer look at Sam Bankman-Fried’s Alameda Research and 20-something CEO Caroline Ellison

Ellison said in a podcast that working for the fund meant "a lot of adjustments" with the "most obvious big thing is that the equity markets are way more efficient than crypto markets."

Fortune

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How To Lose $16 Billion In 3 Days: How Sam Bankman-Fried’s Wealth Disappeared

Several days ago, FTX co-founder Sam Bankman Fried saw his wealth plummet by over 90% to a value of $1 billion. Here's how!

Zenger

FTX's terms-of-service forbid trading with customer funds

This raises the probability that there will be a criminal fraud case, too.

Axios

‘I f****d up’: the rise and fall of US crypto king Sam Bankman-Fried

The 30-year-old wunderkind last week saw his giant FTX digital currency exchange collapse and his $17bn fortune disappear

The Guardian - UK

How To Lose $16 Billion In 3 Days: How Sam Bankman-Fried's Wealth Disappeared

Several days ago, FTX co-founder Sam Bankman Fried saw his wealth plummet by over 90% to a value of $1 billion.

Benzinga

What's Going To Happen To All The Companies FTX Bought?

FTX founder and former CEO Sam Bankman-Fried announced via Twitter Friday that FTX US, FTX Trading, quantitative research firm Alameda Research and 130 additional affiliated companies to the FTX Group have commenced

Benzinga

What happens to the FTX empire’s 200+ crypto investments now?

SBF’s entities had their hands in everything, from stablecoin issuer Circle to investment firm SkyBridge Capital. What happens to those now?

Fortune

Investors expect crypto turmoil to get worse

Cryptocurrency markets endured heavy losses on Thursday, with bitcoin near a two-year low as investors fretted about the fallout from the implosion of FTX, the world’s second-largest crypto exchange.

Bangkok Post

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Benzinga

Billionaire Mike Novogratz Takes Another Hit: First Luna, Now FTX Is Costing His Crypto Firm Millions

In a startling revelation amid the fiasco surrounding FTX, Galaxy Digital Holdings Ltd (OTC: BRPHF) revealed it has a $76.8 million exposure to the beleag

Fortune

Sam Bankman-Fried quietly deletes his claim that FTX customer funds are safe

The future of client assets locked on crypto exchange FTX remains uncertain, with a Binance deal that can bail out the company depending on a closer look at the books.

The Times of India

FTX-Binance dal: Sam Bankman-Fried’s downfall stuns crypto world

Sam Bankman-Fried was supposed to be different than the run-of-the-mill crypto types. He was this wunderkind with a preternatural gift for math who had quickly built a crypto empire and then shrewdly expanded it during the worst of the industry’s meltdown this summer.

Fortune

Alameda-backed Fordefi raises $18M for DeFi wallet

Investors include Lightspeed Venture Partners, Jump Capital, and Castle Island.

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Bangkok Post

The 30-Year-Old Spending $1 Billion to Save Crypto

Crypto is ailing. Sam Bankman-Fried is betting a billion dollars he can fix it.

Benzinga

Crypto Broker Voyager Digital Secures $485M Loan From Bankman-Fried's Alameda

Crypto broker firm Voyager Digital Ltd (OTC: VYGVF) has signed a deal with Alameda Research, a quant trading firm from FTX founder Sam Bankman-Fried, to secure a credit facility to safeguard its customers' assets in line with the current market volatility,

Benzinga

Why Voyager Digital Shares Are Falling Today

Voyager Digital Ltd. (TSX:VOYG) (OTC:VYGVF) reported third-quarter revenue growth of 70% year-over-year to $102.74 million, and EPS loss narrowed to $(0.36) from $(0.49) a year ago. Operating loss was $(43) million for the quarter compared to income of $29.8 million for 3Q21. Total verified users on the platform grew 9% Q/Q to 3.5…

Benzinga

Jane Street Plans To Borrow $25M In USDC Crypto Via Clearpool: Bloomberg

Wall Street’s trading powerhouse Jane Street, famed for its domination in markets such as ETFs and corporate bonds, is turning to decentralized finance to borrow cryptocurrency, reported Bloomberg. Jane Street plans to borrow up to $25 million in USDC, a stablecoin pegged to the US dollar, to expand to $50 million.…

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