EXPLAINED: 38 - The Real Truth

Sam Bankman-Fried promised his FTX crypto empire would save the world. US authorities say he was lying from the start

Sam Bankman-Fried insists the collapse of $32 billion crypto empire is the result of bad accounting, human error and rotten luck. US authorities say it was a "massive, years-long fraud".

ABC News · Dec 13, 2022

Former FTX CEO Sam Bankman-Fried was arrested, and the memes can barely keep up

The 30-year-old crypto entrepreneur likely will be extradited to the U.S.

Fortune · Dec 13, 2022

Silvergate Capital faces questions from lawmakers amid FTX crypto exchange collapse

San Diego's Silvergate Capital made its name in recent years as one of a few traditional banks providing deposit, fund transfer, security and other services for the cryptocurrency trading market.

Tribune News Service · Dec 13, 2022

Who Sam Bankman-Fried was going to blame for FTX’s collapse – until his arrest

Founder and CEO of cryptocurrency exchange could not appear before Congress

The Independent UK · Dec 13, 2022

Former FTX CEO Bankman-Fried hit with 8-count indictment

Former CEO Sam Bankman-Fried is accused of raising more than $1.8 billion from equity investors since May 2019 by promoting FTX as a safe, responsible platform for trading crypto assets. Instead, the complaint says, Bankman-Fried diverted customers’ money into his privately-held crypto fund without…

Chicago Sun-Times · Dec 13, 2022

Sam Bankman-Fried and other FTX staff allegedly had ‘Wirefraud’ chat group

Chat group on the platform Signal was reportedly used to send end-to-end encrypted information about FTX and its hedge fund

The Guardian - US · Dec 13, 2022

Sam Bankman-Fried charged with fraud as first congressional hearing closes – as it happened

US Congress commences hearing on the collapse of the cryptocurrency exchange, less than 24 hours after its former chief executive was arrested

The Guardian - US · Dec 13, 2022

SBF indicted on numerous fraud, conspiracy charges

The charges include conspiracy to defraud the U.S., wire fraud, securities fraud, and money laundering.

Fortune · Dec 13, 2022

Sam Bankman-Fried charged with criminal fraud and money laundering

He was arrested Monday by Bahamas police and is expected to be extradited to the U.S.

Axios · Dec 13, 2022

Tech & Science Daily podcast: Nuclear breakthrough is energy ‘holy grail’

Scientists in the US are expected to announce on Tuesday one of history’s most significant nuclear power breakthroughs: successfully achieving a net energy gain from a nuclear fusion reaction.

Evening Standard · Dec 13, 2022