Wall Street Journal:
Source: FTX extended loans to Alameda using money that customers deposited for trading purposes and SBF told an investor that Alameda owes FTX about $10B — FTX Chief Executive Sam Bankman-Fried told an investor this week that Alameda owes FTX about $10 billion
CNBC:
Sam Bankman-Fried agrees voluntarily to be extradited to the US, where he faces criminal and civil charges including conspiracy, fraud, and money laundering — – Sam Bankman-Fried is set to fly to the U.S., where he faces multiple criminal charges tied to the collapse of his crypto exchange FTX.
New York Times:
Source: US prosecutors charge Sam Bankman-Fried with wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy, and money laundering — A statement by the government of the Bahamas said Mr. Bankman-Fried was arrested after prosecutors in the United States filed criminal charges.
Adam James / The Block:
DeFi proponents criticize Sam Bankman-Fried for a regulatory proposal suggesting websites facilitating trading on decentralized exchanges should be regulated — – Various individuals in the blockchain and cryptocurrency industry are lambasting Sam Bankman-Fried after the FTX CEO shared …
Helen Partz / Cointelegraph:
Hours after announcing an emergency deal with Binance, FTX CEO Sam Bankman-Fried deletes a Twitter thread saying the exchange and assets were “fine” — Sam Bankman-Fried has deleted a Twitter thread where he tried to assure customers that FTX and the assets on the platform were “fine.”
Bloomberg:
Court documents: FTX owes $3.1B to its 50 biggest unsecured creditors, with claims ranging from $21M to $226M; ten claims are over $100M each — Sam Bankman-Fried’s bankrupt crypto empire owes its 50 biggest unsecured creditors a total of $3.1 billion, new court papers show, with a pair of customers owed more than $200 million each.
Wall Street Journal:
Sources: Sam Bankman-Fried has unsuccessfully continued to attempt to raise $8B to plug FTX’s shortfall, despite filing for bankruptcy and resigning as CEO — Alongside a few remaining employees, Mr. Bankman-Fried spent the weekend calling around in search of new commitments from investors
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