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 (Wall Street Journal)

Gillian Tan / Bloomberg:
Source: Sam Bankman-Fried told investors that FTX needs a cash injection or the company would need to file for bankruptcy due to a shortfall of up to $8B  —  Sam Bankman-Fried told FTX.com investors on Wednesday that without a cash injection the company would need to file for bankruptcy …

Oliver Knight / CoinDesk:
An independent audit shows the Luna Foundation Guard spent $2.8B in crypto and Terraform Labs spent $613M trying to defend the UST stablecoin in May 2022  —  Terraform Labs founder Do Kwon dismissed similarities with the collapse of FTX.  —  Luna Foundation Guard (LFG) …

CNBC:
FTX files for Chapter 11 bankruptcy in the US; Sam Bankman-Fried resigns as CEO  —  Sam Bankman-Fried’s cryptocurrency exchange FTX has filed for bankruptcy.

Monica Chin / The Verge:
Google announces $20M in new commitments to expand computer science education in the US and expects the funds to improve educational access for 11M+ students  —  Grants will support 4-H, The Hidden Genius Project, CUNY, and more  —  Google has announced $20 million in new commitments …

Ian Allison / CoinDesk:
Source: after looking at FTX’s data and loan commitments, Binance is highly likely to scrap its acquisition; FTX was turned down by Coinbase, OKX, and others  —  Backing out would be one more stunning development in the collapse of Sam Bankman-Fried’s crypto empire.

Tracy Alloway / Bloomberg:
The wildest parts from FTX’s bankruptcy filing: token holdings are worth $659K, Alameda loaned SBF over $1B, SBF auto-deleted important messages, and more  —  Lawyers for the bankrupt crypto exchange FTX filed today in Delaware, asking a federal judge to transfer a competing bankruptcy case filed …