Overshadowed by failures, crypto hacking exacts higher price The cryptocurrency industry is circling the wagons in defense as hackers siphon more money from the sector each year. Tribune News Service · Dec 7, 2022
The fate of Sam Bankman-Fried's investments Sam Bankman-Fried invested billions into startups. Those companies are wondering what happens next. Axios · Dec 7, 2022
Maxine Waters and SBF. It's complicated Rep. Maxine Waters is asking Sam Bankman-Fried to testify before Congress—if he does, the encounter could make them both uncomfortable Fortune · Dec 7, 2022
FTX held talks with Taylor Swift over $100mn sponsorship deal Negotiations between singer-songwriter and Sam Bankman-Fried’s crypto group collapsed this spring Financial Times · Dec 7, 2022
GameStop just became the latest tech company to lay off workers—and it’s cut down on its crypto team “Super sad to say I was a part of the layoffs today at GameStop,” one software engineer wrote on LinkedIn. Fortune · Dec 6, 2022
Cathie Wood Keeps Buying These 2 Crypto Securities – Should You? Following the FTX debacle, the crypto universe was hard hit. However, popular investor Cathie Wood keeps buying stocks from the crypto space despite the rising interest rates and recession risks. As investors access the macroeconomic risks, their risk-off approach will keep the cryptocurrency market under pressure. Therefore, it could be… StockNews.com · Dec 6, 2022
The crypto billionaire who helped expose SBF's insolvency calls him 'one of the greatest fraudsters in history' and accuses media and thought leaders of being manipulated Binance CEO CZ is speaking out against SBF after FTX’s collapse and arguing he had nothing to do with his rival’s downfall. Fortune · Dec 6, 2022
A bankruptcy court is allowing the busted crypto lender Celsius to hand out $2.8 million in bonuses to keep employees from quitting “We’re getting really down to the nub of what we need to continue to function,” the company’s lawyer said during the court hearing. Fortune · Dec 6, 2022
'Ripping the bandaid'—Solana cofounders talk SBF, FTX, and what comes next “We've always heard really negative criticism about FTX’s involvement in the ecosystem and that concentration of ownership stake," Solana cofounder Raj Gokal told Fortune. "So, it feels like ripping the bandaid.” Fortune · Dec 6, 2022
ConsenSys CEO Joe Lubin addresses MetaMask privacy concerns The DeFi wallet has been at the center of a debate over decentralization. Fortune · Dec 6, 2022
Overshadowed by failures, crypto hacking exacts higher price - Roll Call The cryptocurrency business is losing more money to hackers, losses that have been overshadowed by the high-profile failures in the sector. Roll Call · Dec 6, 2022
Stanford law professors are entangled in Sam Bankman-Fried’s FTX mess—and SBF’s father withdrew from an upcoming class Bankman-Fried’s father—and his colleague—are reportedly consulting with the disgraced founder of the crypto exchange, who was raised on the prestigious university’s campus. Fortune · Dec 6, 2022
Commentary: Sam Bankman-Fried is not an effective altruist It’s an unfortunate thing that the fiery collapse of the crypto exchange FTX is giving many people their first look at one of the most promising charitable movements of the last decade. It’s called effective altruism, or EA, and in recent years, disgraced FTX founder Sam Bankman-Fried, known as SBF,… Chicago Tribune · Dec 6, 2022
Crypto pressure ratchets up as FTC probes several firms over ads The US Federal Trade Commission is probing several crypto firms over allegations their advertisements were deceptive or misleading, the agency said Monday. Tribune News Service · Dec 5, 2022
Fortune · Dec 5, 2022 Bronx Rep. Ritchie Torres introduces crypto legislation At a Monday press conference, Torres compared SBF to Bernie Madoff and voiced concerns about Tether.
Fortune · Dec 5, 2022 Photos on Twitter appear to show former Caroline Ellison in New York City, prompting speculation of FTX-linked plea deal The person believed to be Ellison was seen at a coffee shop in Manhattan.
Fortune · Dec 5, 2022 Coinbase CEO Brian Armstrong says SBF's messy accounting excuse for FTX collapse doesn't explain $8 billion loss: 'Even the most gullible person should not believe Sam's claim that this was an accounting error' “I don't care how messy your accounting is (or how rich you are)—you're definitely going to notice if you find an extra $8B to spend."
Fortune · Dec 5, 2022 Musk supports idea of SBF going to jail over FTX collapse Both the Department of Justice and the SEC are reported to be investigating FTX's downfall.
Roll Call · Dec 5, 2022 Senate Banking Democrats plan bigger role in crypto legislation - Roll Call Sen. Sherrod Brown says a bill supported by Sens. Stabenow and Boozman is too favorable to the crypto industry.
Fortune · Dec 5, 2022 Don't call FTX's collapse a 'run on the bank' Some media outlets are echoing SBF's claim that FTX's collapse was like a "run on the bank." Don't buy it.
Evening Standard · Dec 5, 2022 How a deeper crypto crash in 2023 could spark a gold rush Gold could be about to take off in 2023 should the collapse in crypto assets, including Bitcoin, continue
Fortune · Dec 5, 2022 Meet the power players trying to make FTX customers whole Rishi Jain, a managing director at a private equity consulting company, has been placed in charge of what’s left of FTX Ventures.
St. Louis Post-Dispatch · Dec 5, 2022 Editorial: The FTX saga is hard to understand, but the greed behind it isn't Back in 2001, precious few Americans could have explained what Houston-based Enron did as a company and how it got so spectacularly wealthy. But when it filed for a record-breaking bankruptcy, Americans got schooled fast about not putting their trust and money behind swaggering, fast-talking con artists. But fools and…
Fortune · Dec 5, 2022 KuCoin CEO defends exchange amid high-yield product backlash Are crypto platforms adequately educating users about risk?
The Guardian - AU · Dec 5, 2022 Cryptocurrency exchange Swyftx axes 90 jobs with CEO blaming aftershocks of FTX collapse Company expects further significant drops in trade and ‘the potential for more black swan-type events’