Category: Virtual Currency

Sam Bankman-Fried’s Parents Under Scrutiny in FTX Collapse

The FTX founder Sam Bankman-Fried’s mother and father, who teach at Stanford Law School, are under scrutiny for their connections to their son’s crypto business.
FTX’s Sam Bankman-Fried Arrested in the Bahamas, Officials Say

A statement by the government of the Bahamas said Mr. Bankman-Fried was arrested after prosecutors in the United States filed criminal charges.
In FTX Collapse, Binance Sees a Chance to Become the New Face of Crypto

Sam Bankman-Fried and Changpeng Zhao were archrivals. With FTX gone, Binance, the world’s biggest crypto exchange, is trying to step into the void.
Sam Bankman-Fried Agrees to Testify Before House Committee

The FTX founder said on Twitter he would appear before a House committee next week, but was quiet about a similar request from a Senate committee.
Inside the Frantic Texts Exchanged by Crypto Executives as FTX Collapsed

A group chat including crypto leaders shows Binance’s Changpeng Zhao accusing FTX’s Sam Bankman-Fried of orchestrating trades to destabilize the industry.
FTX Founder Sam Bankman-Fried Faces Market Manipulation Inquiry

Federal prosecutors are investigating whether Sam Bankman-Fried and his hedge fund orchestrated trades in a way that led to the collapse of two cryptocurrencies in May.
Small Investors Who Jumped Into Crypto on FTX Say, Now What?

Many small investors who piled into cryptocurrencies on FTX, BlockFi and other platforms are recognizing the perils of investing in an unregulated industry.
The Crypto Industry Struggles for a Way Forward After FTX Collapse

The implosion of the exchange FTX shows how an industry built in the wake of the 2008 financial crisis has drifted far from its original ideals.
The Crypto Crowd Holds a Glittery Awards Night, Despite Fiascoes

The Crypties was intended as a gala evening in Miami to celebrate the currencies of the future. It turned out to be more of a roast.
How the Collapse of Sam Bankman-Fried’s Crypto Empire Has Disrupted A.I.

Mr. Bankman-Fried and his colleagues spent more than $530 million to battle what they saw as the dangers of artificial intelligence. Now those efforts are reeling.
Sam Bankman-Fried Interview: Read the Transcript

In a discussion with Andrew Ross Sorkin of The New York Times, Sam Bankman-Fried blamed “huge management failures” and sloppy accounting for the collapse of the FTX cryptocurrency exchange.
Sam Bankman-Fried Blames ‘Huge Management Failures’ for FTX Collapse

Mr. Bankman-Fried spoke at The New York Times’s DealBook conference, in his first public appearance since his crypto exchange imploded.