Dec 13 WATCH: U.S. Attorney's office gives update on the arrest of FTX founder Sam Bankman-Fried By Ken Sweet, Associated Press U.S. prosecutors gave more details about the criminal charges filed against FTX founder Sam Bankman-Fried Tuesday, including an allegation that he made illegal campaign contributions totaling in the "tens of millions of dollars."… Continue reading
Dec 13 Former FTX CEO Bankman-Fried charged with wire fraud, money laundering By Ken Sweet, Associated Press Sam Bankman-Fried was also charged with violating campaign finance laws, a notable as Bankman-Fried was one of the largest political donors this year. Continue reading
Dec 12 Sam Bankman-Fried, former FTX CEO, arrested in the Bahamas By Associated Press Bankman-Fried's arrest comes just a day before he was due to testify in front of the House Financial Services Committee, along with the company’s current CEO. Continue reading
Dec 01 WATCH: Commodity Futures Trading Commission chairman ask Congress to 'move quickly' on crypto bill By Associated Press The U.S. Commodity Futures Trading Commission (CFTC) chairman Rostin Behnam urged Congress"to move quickly" to put in place "guardrails" for digital assets following the collapse of cryptocurrency exchange FTX. Continue reading
Dec 01 Former FTX CEO Bankman-Fried says he didn't 'knowingly' misuse customers' funds By Ken Sweet, Associated Press The former CEO of the failed cryptocurrency exchange FTX says that he did not "knowingly" misuse customers' funds. Continue reading
Nov 16 House panel to hold hearing on cryptocurrency exchange FTX collapse By Fatima Hussein, Associated Press Lawmakers plan to investigate the failure of FTX, the large crypto exchange that collapsed last week and filed for bankruptcy protection, leaving investors and customers staring at losses that could total in the billions of dollars. Continue reading
Nov 15 Watch 6:42 Collapse of FTX raises questions about cryptocurrency's viability The fallout keeps growing for the cryptocurrency industry after an unexpected bankruptcy involving one of the largest and most well-known exchanges, FTX. Its downfall has renewed concerns about the safety and credibility of many cryptocurrencies and their values have plunged… Continue watching
Nov 14 FTX head Sam Bankman-Fried's downfall sends shockwaves through cryptocurrency By Ken Sweet, Associated Press Sam Bankman-Fried received numerous plaudits as he rapidly achieved superstar status as the head of cryptocurrency exchange FTX: the savior of crypto, the newest force in Democratic politics and potentially the world's first trillionaire. Continue reading
Nov 12 Probe underway after funds vanish from bankrupt crypto exchange FTX By Cathy Bussewitz, Associated Press Collapsed cryptocurrency trading firm FTX confirmed there was “unauthorized access” to its accounts, hours after the company filed for Chapter 11 bankruptcy protection Friday. Continue reading
Nov 11 Watch 5:14 News Wrap: Ukrainian forces take back city of Kherson In our news wrap Friday, Ukrainian forces swept into the southern city of Kherson dealing a major blow to Russia's war effort, the Biden administration has stopped taking applications for student loan forgiveness a day after a federal judge in… Continue watching