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FOUND: 5 | Mind Blowing Facts

New campaign finance violation case illustrates that the FTX criminal saga may be far from over after DOJ charges crypto lobbyist

The Department of Justice charged crypto lobbyist Michelle Bond with illegally financing her congressional campaign with FTX funds.

Fortune

Schumer joins growing chorus of pro-crypto Democrats—but Harris keeps silent for now

A new grassroots organization is trying to stop the Trump crypto wave by hosting a town hall with top politicians and industry leaders.

Fortune

Nate Silver charts the course of risk-taking, from Sam Bankman-Fried to Sam Altman

For Nate Silver poker, Sam Bankman-Fried, and the future of AI are all connected by one thing—risk-taking.

Fortune

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US Orders FTX, Alameda To Pay $12.7 Bn To Victims

Failed cryptocurrency platform FTX Trading and affiliate Alameda Research must pay $12.7 billion to compensate customers and fraud victims under a consent order, US regulators announced Thursday.

International Business Times

Bankrupt crypto exchange FTX ordered by US court to pay customers $12.7bn

Compensation order comes five months after founder Sam Bankman-Fried was jailed for role in collapse

The Guardian - UK

FTX ordered to pay $12.7 billion in massive crypto fraud case

Sam Bankman-Fried, the founder of FTX, was sentenced in March to 25 years in prison for stealing $8 billion from customers

The Independent UK

On the Edge by Nate Silver review – the art of risk-taking

From card sharps to crypto traders, a statistician asks what we can learn from the people prepared to gamble everything

The Guardian - UK

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3 Groups File Competing Claims For Sam Bankman-Fried's $11B Forfeited Assets

Sam Bankman-Fried was ordered to forfeit $11 billion in assets after he was found guilty of fraud and other related charges late last year, and now three separate groups are claiming all or some of the assets linked to the collapse of the FTX crypto empire.

International Business Times

Sam Bankman-Fried funded a group with racist ties. FTX wants its $5m back

The Guardian reveals FTX trustees, in charge after the CEO’s downfall, allege payments were made with looted funds

The Guardian - US

The big idea: is it OK to do wrong for the greater good?

Jailed tycoon Sam Bankman-Fried believed altruism justified his actions. Was he right?

The Guardian - UK

Former FTX executive Ryan Salame is not pleased with his prison sentence

Despite pleading guilty, Sam Bankman-Fried's former lieutenant received a harsher sentence than prosecutors asked for—and took to X to voice his displeasure.

Fortune

Former FTX Executive Sentenced To 90 Months In Prison

Former FTX executive sentenced to 90 months in prison for unlawful campaign donations linked to embezzlement case.

Top News

Ryan Salame, part of the 'inner circle' at collapsed crypto exchange FTX, sentenced to prison

A federal judge has sentenced former FTX executive Ryan Salame to more than seven years in prison

The Independent UK

Top FTX executive jailed over connections to collapsed crypto empire

Ryan Salame, 30, was sentenced to seven-and-a-half years in prison after pleading guilty

The Independent UK

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Fortune

Sam Bankman-Fried and his crew overpaid for real estate, Bahamas listings show

Property prices are soaring in the island paradise but the liquidator selling them off the FTX crew's 52 properties is unlikely to recover what they paid.

The Conversation

Collapsed FTX exchange plans to repay investors - this could be a fresh start for crypto

Collapsed cryptocurrency exchange FTX recently announced that the majority of creditors who lost money in its bankruptcy scandal will be repaid their missing funds. This has become possible now – 18 months after the business filed for bankruptcy – because FTX and sister company Alameda Research have raised cash by…

The Guardian - UK

Wytham Abbey put up for sale for £15m by effective altruism group EVF

Effective Ventures Foundation puts 27-bedroom house visited by Queen Elizabeth I on sale after paying nearly $27m to FTX creditors

WEKU

FTX says it will return money to most of its customers

FTX says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than that.

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Axios

FTX customers to get paid "in full", plus interest; but still stand to lose

Customers still don't stand to recover what they lost in the cryptocurrency exchange's collapse — not even close.

Top News

FTX Customers To Receive Over 100% Of Owed Funds

FTX cryptocurrency exchange announces reimbursement plan for customers and creditors after collapse, aiming to repay .2 billion with available funds of ...

The Guardian - UK

Bankrupt crypto exchange FTX says it will be able to repay creditors full $11bn

CEO confirms once company has sold off remaining assets it will have more than amount required

International Business Times

Ex-Binance Chief Jailed For Four Months In US

The founder of cryptocurrency firm Binance was sentenced to four months in US prison on Tuesday after pleading guilty to money laundering charges, in the most high-profile crypto case since Sam Bankman-Fried was jailed.

The Guardian - US

Binance founder sentenced to four months for money laundering

Changpeng Zhao pleaded guilty and stepped down as CEO of the crypto trading company last year

The Guardian - UK

‘Eugenics on steroids’: the toxic and contested legacy of Oxford’s Future of Humanity Institute

Founded in 2005 and lauded by Silicon Valley, the Nick Bostrom’s centre for studying existential risk warned about AI but also gave rise to cultish ideas such as effective altruism

The Guardian - US

Oxford shuts down institute run by Elon Musk-backed philosopher

Nick Bostrom’s Future of Humanity Institute closed this week in what Swedish-born philosopher says was ‘death by bureaucracy’

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