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Samuel Bankman-Fried’s poster in downtown San Francisco.

MacKenzie Sigalos | CNBC

The Kimchi Swap put Sam Bankman-Fried on the map.

The year was 2017, and the ex-Jane Street Capital quant trader noticed something funny when he looked at the page on CoinMarketCap.com listing the price of bitcoin on exchanges around the world. Today, that price is pretty much uniform across the exchanges, but back then, Bankman-Fried previously told CNBC that he would sometimes see a 60% difference in the value of the coin. His immediate instinct, he says, was to get in on the arbitrage trade — buying bitcoin on one exchange, selling it back on another exchange, and then earning a profit equivalent to the price spread.

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“That’s the lowest hanging fruit,” Bankman-Fried said in September.

The arbitrage opportunity was especially compelling in South Korea, where the exchange-listed price of bitcoin was significantly more than in other countries. It was dubbed the Kimchi Premium – a reference to the traditional Korean side dish of salted and fermented cabbage.

FTX's Sam Bankman Fried to NYT: I would have been more thorough if I had concentrated better

After a month of personally dabbling in the market, Bankman-Fried launched his own trading house, Alameda Research (named after his hometown of Alameda, California, near San Francisco), to scale the opportunity and work on it full-time. Bankman-Fried said in an interview in September that the firm sometimes made as much as a million dollars a day.

Part of why SBF, as he’s also called, earned street cred for carrying out a relatively straightforward trading strategy had to do with the fact that it wasn’t the easiest thing to execute on crypto rails five years ago. Bitcoin arbitrage involved setting up connections to each one of the trading platforms, as well as building out other complicated infrastructure to abstract away a lot of the operational aspects of making the trade. Bankman-Fried’s Alameda became very good at that and the money rolled in.

From there, the SBF empire ballooned.

Alameda’s success spurred the launch of crypto exchange FTX in the spring of 2019. FTX’s success begat a $2 billion venture fund that seeded other crypto firms. Bankman-Fried’s personal wealth grew to over $16 billion at its peak in March.

Bankman-Fried was suddenly the poster boy for crypto everywhere, and the FTX logo adorned everything from Formula 1 race cars to a Miami basketball arena. The 30-year-old went on an endless press tour, bragged about having a balance sheet that could one day buy Goldman Sachs, and became a fixture in Washington, where he was one of the Democratic party’s top donors, promising to sink $1 billion into U.S. political races (before later backtracking).

It was all a mirage.

As crypto prices tanked this year, Bankman-Fried bragged that he and his enterprise were immune. But in fact, the sector-wide wipeout hit his operation quite hard. Alameda borrowed money to invest in failing digital asset firms this spring and summer to keep the industry afloat, then reportedly siphoned off FTX customers’ deposits to stave off margin calls and meet immediate debt obligations. A Twitter fight with the CEO of rival exchange Binance pulled the mask off the scheme.

Alameda, FTX and a host of subsidiaries Bankman-Fried founded have filed for bankruptcy protection in Delaware. He’s stepped down from his leadership roles and lost 94% of his personal wealth in a single day. It is unclear exactly where he is now, as his $40 million Bahamas penthouse is reportedly up for sale. The photos of his face plastered across FTX advertisements throughout downtown San Francisco serve as an unwelcome reminder of his rotting empire.

It was a steep fall from hero to villain. But there were a lot of signs.

Bankman-Fried told CNBC in September that one of his fundamental principles when it comes to playing the markets is working with incomplete information.

“When you can sort of start to quantify and map out what’s going on, but you know there are a lot of things you don’t know,” he said. “You know you’re being approximate, but you have to try to figure out what trade to do anyway.”

The following account is based on reporting from CNBC, Bloomberg, the New York Times, the Wall Street Journal, and elsewhere. Piecing together bits and pieces from various news sources paints a picture of an investor who over-extended himself, frantically moved to cover his mistakes with questionable and perhaps illegal tactics, and surrounded himself with a tight cabal of advisors who could not or would not curb his worst impulses.

What went wrong in the last year

At some point in the last two years, according to reports, Alameda began borrowing money for various purposes, including to make venture investments.

Six months ago, a wave of titans in the crypto sector folded as depressed token prices sucked liquidity out of the market. First came the spectacular failure of a popular U.S. dollar-pegged stablecoin project — the stablecoin known as terraUSD (or UST, for short) and its sister token luna — wiping out $60 billion. That collapse helped to bring down Three Arrows Capital, or 3AC, which was one of the industry’s most respected crypto hedge funds. Crypto brokers and lenders like Voyager Digital and Celsius had significant exposure to 3AC, so they fell right along with it in quick succession.

The risk of an FTX crypto contagion

The big problem was that everyone was borrowing from one another, which only works when the price of all those crypto coins keeps going up. By June, bitcoin and ether had both tumbled by more than half for the year.

“Leverage is the source of every implosion in financial institutions, both traditional and crypto,” said Hart Lambur, a former Goldman Sachs government bond trader who provided liquidity in U.S. Treasuries for central banks, money managers and hedge funds.

“Lehman Brothers, Bear Stearns, Long-Term Capital, Three Arrows Capital and now FTX all blew up due to bad leverage that got sniffed out and exploited by the market,” continued Lambur, who now works in decentralized finance.

As the dominoes fell, SBF jumped into the mix in June to try to bail out some of the failing crypto firms before it was too late, extending hundreds of millions of dollars in financing. In some cases, he made moves to try to buy these companies at fire-sale prices.

Amid the wave of bankruptcies, some of Alameda’s lenders asked for their money back. But Alameda didn’t have it, because it was no longer liquid. Bankman-Fried’s trading firm had parked the borrowed money in venture investments, a decision he told the Times was “probably not really worth it.”

To meet its debt obligations, FTX borrowed from customer deposits in FTX to quietly bail out Alameda, the Journal and the Times reported. The borrowing was in the billions. Bankman-Fried admitted the move in his interview with the Times, saying that Alameda had a large “margin position” on FTX, but he declined to disclose the exact amount.

“It was substantially larger than I had thought it was,” Bankman-Fried told the Times. “And in fact the downside risk was very significant.”

Reuters and the Journal both reported that the lifeline was around $10 billion, and Reuters reports that $1 billion to $2 billion of that emergency financing is now missing. Tapping customer funds without permission was a violation of FTX’s own terms and conditions. On Wall Street, it would be a clear violation of U.S. securities laws.

The two firms – one of the world’s biggest crypto brokers and one of the world’s biggest crypto buyers – were supposed to be separated by a firewall. But they were, in fact, quite cozy, at one point extending to a romantic relationship between Bankman-Fried and Alameda CEO Caroline Ellison, he acknowledged to the Times.

“FTX and Alameda had an extremely problematic relationship,” Castle Island Venture’s Nic Carter told CNBC. “Bankman-Fried operated both an exchange and a prop shop, which is super unorthodox and just not really allowed in actually regulated capital markets.”

The borrowing and lending scheme between the two firms was more convoluted than just using customer funds to make up for bad trading bets. FTX tried to paper over the hole by denoting assets in two crypto tokens that were essentially made up – FTT, a token created by FTX, and Serum, which was a token created and promoted by FTX and Alameda, according to financial filings reported by Bloomberg’s Matt Levine.

Firms make up crypto tokens all the time – indeed, it’s a big part of how the crypto boom of the last two years was financed – and they usually offer some sort of benefit to users, although their real value to most traders is simple speculation, that is, the hope that the price will rise. Owners of FTT were promised lower trading costs on FTX and the ability to earn interest and rewards like waived blockchain fees. While investors can profit when FTT and other coins increase in value, they’re largely unregulated and are particularly susceptible to market downturns.

These tokens were essentially proxies for what people believed Bankman-Fried’s exchange to be worth, since it controlled the vast majority of them. Investor confidence in FTX was reflected in the price of FTT.

The key point here is that FTX was reportedly siphoning off customer assets as collateral for loans, and then covering it with a token it made up and printed at will, drip-feeding only a fraction of its supply into the open market. The financial acrobatics between the two firms somewhat resembles the moves that sunk energy firm Enron almost two decades ago – in that case, Enron essentially hid losses by transferring underperforming assets to off-balance sheet subsidiaries, then created complicated financial instruments to obscure the moves.

As all this was happening, Bankman-Fried continued his press tour, lionized as one of the great young tech entrepreneurs of the age. It only began to unravel once Bankman-Fried got into a public spat with Binance, a rival exchange.

Binance, Crypto.com CEOs race to reassure customers funds are safe

What went wrong in the last two weeks

The relationship between Binance and Bankman-Fried goes back almost to the beginning of his time in the industry. In 2019, Binance announced a strategic investment in FTX and said that as part of the deal it had taken “a long-term position in the FTX Token (FTT) to help enable sustainable growth of the FTX ecosystem.”

Flash forward a couple years to the summer of 2022. Bankman-Fried was pressing regulators to look into Binance and criticizing the exchange in public. It’s unclear exactly why – it could have been based on legitimate suspicions. Or it may simply have been because Binance was a major competitor to FTX, both as an exchange and as a potential buyer of other distressed crypto companies.

Whatever the reason, Binance CEO Changpeng Zhao, known as CZ, soon saw his chance to strike.

On Nov. 2, CoinDesk reported a leaked balance sheet showing that a significant amount of Alameda’s assets were held in FTX’s illiquid FTT token. It raised questions both about the trading firm’s solvency, as well as FTX’s financials.

Zhao took to Twitter on Sunday, Nov. 6, saying that Binance had about $2.1 billion worth of FTT and BUSD, its own stablecoin.

Then he dropped the bomb:

“Due to recent revelations that have came to light, we have decided to liquidate any remaining FTT on our books,” he said.

Investors raced to pull money out of FTX. On Nov. 6, according to Bankman-Fried, the exchange had roughly $5 billion of withdrawals, “the largest by a huge margin.” On an average day, net inflows had been in the tens of millions of dollars.

The speed of the withdrawals underscores how the largely unregulated crypto market is often operating in an information vacuum, meaning that traders react fast when new facts come to light.

“Crypto players are reacting quicker to news and rumor, which in turn builds up a liquidity crisis much faster than one would have seen in traditional finance,” said Fabian Astic, head of decentralized finance and digital assets for Moody’s Investors Service. 

“The opacity of the market operations often leads to panic reactions that, in turn, spark a liquidity crunch. The developments with Celsius, Three Arrows, Voyager, and FTX show how easy it is for crypto investors to lose confidence, prompting them to withdraw large sums and causing a near-death crisis for these firms,” continued Astic.

As the FTT token plunged in value in tandem with the mass withdrawals, SBF quietly sought investors to cover the multibillion-dollar hole from the money that had been withdrawn by Alameda. That value may have been as high as $10 billion, according to multiple reports. They all declined, and in a move of desperation, SBF turned to CZ.

In a public tweet on Nov. 8, CZ said Binance agreed to buy the company, though the deal had a key term: non-binding. The sudden public revelation that FTX was in need of a bailout caused FTT’s value to plunge off a cliff.

The next day, CZ claimed he did due diligence and didn’t like what he saw, essentially sealing FTX’s demise. Bankman-Fried speculated to the Times that CZ never intended to buy it in the first place.

On Friday, Nov. 11, FTX and Alameda both filed for bankruptcy. FTX, which was valued at $32 billion in a financing round earlier this year, has frozen trading and customer assets and is seeking to discharge its creditors in bankruptcy court. Bankman-Fried is no longer the boss at either firm.

A new bankruptcy filing posted on Tuesday shows that FTX may have more than one million creditors. It plans to file a list of the 50 largest ones this week.

Lawyers for the exchange wrote that FTX has been in contact with “dozens” of regulators in the U.S. and overseas in the last 72 hours, including the U.S. Attorney’s Office, the Securities and Exchange Commission and the Commodity Futures Trading Commission. The SEC and Department of Justice are reportedly investigating FTX for civil and criminal violations of securities laws. Financial regulators in the Bahamas are also reportedly looking at the possibility of criminal misconduct.

CEO of FTX Sam Bankman-Fried testifies during a hearing before the House Financial Services Committee at Rayburn House Office Building on Capitol Hill December 8, 2021 in Washington, DC.

Alex Wong | Getty Images

Binance is now poised to claim absolute dominance over the industry.

“Binance clearly comes out stronger from all of this,” said William Quigley, co-founder of the U.S. dollar-pegged stablecoin tether. “CZ claims Binance has no debt, and doesn’t use its BNB token as collateral. Both of those are good practices in the highly volatile crypto markets.”

Quigley added that more institutional trading and custody will likely shift to Binance.

“The cryptocurrency industry’s entire ethos is founded on disintermediation and decentralization, so Binance’s ever-growing dominance raises reasonable fears over how further centralization will affect the average trader,” said Clara Medalie, director of research at data firm Kaiko.

“FTX’s collapse benefits no one, not even Binance, which will now face growing questions over its monopoly of market activity,” Medalie told CNBC, speculating that we are just seeing the tip of the iceberg of market participants affected by the fall of FTX and Alameda.

“Each entity has numerous twisted and over-lapping financial ties to projects throughout the industry that now stand to lose support or go under themselves,” she said.

In the meantime, though, Binance took a bath on the collapse of the FTT token, which CZ says the firm held after Bankman-Fried asked for a bailout.

“Full disclosure,” CZ tweeted last Sunday.

“Binance never shorted FTT. We still have a bag of as we stopped selling FTT after SBF called me. Very expensive call.”

– CNBC’s Ari Levy, Kate Rooney and Ryan Browne contributed to this report.

Sam Bankman-Fried faces possible bankruptcy after failed FTX deal

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Kia’s EV9 can power your home and save you on energy costs: Watch how easy it is [Video]

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March 6, 2025

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Kia's EV9 can power your home and save you on energy costs: Watch how easy it is [Video]

Kia-EV9-power-home-charger

The Kia EV9 is already an impressive electric SUV with its bold design, spacious cabin, and smart technology. Now it’s unlocking another new feature. With the new Wallbox Quasar 2 home charger, Kia EV9 owners can power their homes for up to three days and even save on energy costs. Watch how easy it is to use in the demo below.

Kia EV9 can now power your home with V2H

Wallbox opened orders for its new bi-directional charger, the Quasar 2, for Kia EV9 owners this week. The Quasar 2 is the first home charger that works with the electric SUV to unlock its Vehicle-to-Home (V2H) capabilities.

EV9 owners can use their vehicle as a power source during power outages. You’ll need the Quasar 2 charger and Wallbox Power Recovery Unit, which can provide backup power for up to three days.

The Quasar 2 starts at $6,440, including the Power Recovery Unit, not including taxes and installation fees. EV9 owners can sign up for the waitlist here with a $100 deposit.

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Pre-orders will initially be limited to residents of California, Texas, Florida, New York, Washington, New Jersey, and Illinois, but the company plans a nationwide rollout. Once the units are available, pre-order customers will have first access, with shipping to follow soon after.

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Kia EV9 GT-Line (Source: Kia)

According to Wallbox, the Quasar 2 and Power Recovery Unit can save you up to $1,500 per year on energy costs.

As an all-in-one solution, the unit enables you to charge your EV with solar energy (solar panels are sold separately) and store it in your vehicle’s battery. During peak hours, you can use the energy to power your home to save on energy costs. With pre-set scheduling, you can also automatically charge your EV9 when the rates are the lowest.

Kia EV9 uses the Wallbox Quasar 2 to charge home devices (Source: Wallbox)

All of this can be easily utilized on the Wallbox App, allowing you to switch between grid/solar to vehicle and vehicle-to-home.

To demonstrate how easy it is to use, Wallbox put together a video showing the Kia EV9 using the Quasar to power several home devices.

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Honda’s new S7 electric SUV is surprisingly stylish and affordable, but you can’t have it

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March 6, 2025

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Honda's new S7 electric SUV is surprisingly stylish and affordable, but you can't have it

Honda-S7-electric-SUV

Honda officially launched its new electric SUV, the S7, in China. As its first high-end electric SUV, Honda says the S7 will set new benchmarks with over 400 miles (650 km) of driving range, first-class comfort, and a stylish new design. The S7 will compete with the Tesla Model Y and other premium electric SUVs in China, starting at about $36,000.

Meet the Honda S7 electric SUV

Honda’s joint venture in China, Dongfeng-Honda claimed “the surge is about to break out” after teasing the S7’s new styling last month. On Thursday, the company officially launched its new electric SUV.

The S7 will be key to Honda’s comeback in the world’s largest EV market. Honda’s new electric SUV is now available starting at 259,900 yuan (about $36,000).

In terms of size, at 4,750 mm long, 1,930 mm wide, and 1,625 mm tall, the S7 is about the same size as the Tesla Model Y (4,797 mm long, 1,920 mm wide, 1,624 mm tall).

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Honda designed the SUV from the ground up for buyers in China, claiming it offers better driving, more fun, and more style. The electric SUV wears Honda’s new “H Mark,” exclusive for its next-gen EV lineup. Other design elements include a light-up H logo up front, a foot-sensing electric tailgate, and retractable door handles.

Honda-S7-electric-SUV
Honda S7 electric SUV (Source: Dongfeng-Honda)

Inside, the S7 is Honda’s first with a dimming panoramic sunroof. With a 2,930 mm wheelbase, it has a spacious interior with up to 860 mm of second-row legroom.

Several premium features include a 3-spoke multi-function leather steering wheel, streaming media rearview mirror, a fragrance system, and BOSE sound system.

Honda-S7-electric-SUV-interior
Honda-S7-electric-SUV-interior

Loaded with the latest software and connectivity tech, the S7 has “Honda’s most powerful smart cockpit” with split 12.8″ and 10.25″ smart infotainment screen and 9.9″ instrument display.

Honda Connect 4.0 provides an AI Voice Assistant, multi-screen linking, and continuous improvement with AI. Meanwhile, Honda Sensing 360+ includes ADAS features like active cruise control, pre-collision warning, lane keeping assist, parking assist, and a 360-degree panoramic imaging system.

It’s available in both single-motor (RWD) and dual-motor (AWD) options. The RWD variant includes a 268 hp (200 kW) electric motor and an 89.8 kWh NMC battery pack, good for a 650 km (404 miles) CLTC range.

With an added front motor, the AWD S7 packs up to 469 hp (350 kW) and is rated with 620 km (385 miles) CLTC driving range.

In comparison, the new Tesla Model Y RWD first edition starts at 263,500 yuan ($36,200), with a CLTC range of up to 593 km (368 miles). The Long-Range AWD model, with a CLTC range of up to 719 km (447 miles), starts at 303,500 yuan ($42,000).

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Segway’s new flagship Ninebot MAX G3 opens for preorder at $500 off, Jackery Spring Sale takes 50% off units, Samsung, more

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March 6, 2025

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Segway's new flagship Ninebot MAX G3 opens for preorder at 0 off, Jackery Spring Sale takes 50% off units, Samsung, more

Leading today’s Green Deals is the $500 off pre-sale promotion on Segway’s new Ninebot MAX G3 eKickScooter that comes with a bunch of upgraded features like Apple Find My, autonomous locking/unlocking, and more – all at $900 through March 24. We also have Jackery’s Spring Sale in full swing with 50% off discounts on its power stations and solar generators (and bonus savings), one of which is the Explorer 3000 Pro Portable Power Station bundled with two 200W solar panels at a new $1,994 low. Lastly, we have Samsung’s Bespoke AI Laundry Combo All-in-One Washer and Ventless Heat Pump Dryer coming with a bunch of additional savings at $2,199. Plus, all the other hangover Green Deals are in the links at the bottom of the page, like yesterday’s Anker SOLIX weekend flash sale offers, the Lectric XPedition 1.0 and XPeak 1.0 price cuts, and more.

Head below for other New Green Deals we’ve found today and, of course, Electrek’s best EV buying and leasing deals. Also, check out the new Electrek Tesla Shop for the best deals on Tesla accessories.

Segway’s new flagship Ninebot MAX G3 eKickScooter opens for preorder at $900

Segway has launched its pre-sale promotion on its new Ninebot MAX G3 eKickScooter at $899.99 shipped through March 24. Carrying a normal price tag of $1,400, this is the very first chance to grab some cash savings on this all-new model before it officially releases on March 25. You’ll be getting a 36% markdown while this promotion continues, saving you $500 off the going rate and setting the bar for future discounts down the road. Head below to learn more about this new e-scooter and its features.

Segway’s Ninebot Max G3 e-scooter arrives as the latest version of its flagship eKickScooter lineup, sporting an 800W motor that peaks at 2,000W to provide increased top speeds of 28 MPH while also tackling up to 30% inclines. With its Boost Mode activated, you’ll even have acceleration up to 15.5 MPH in just 2.4 seconds. The 597Wh battery delivers a travel range up to 50 miles on a single 3.5-hour charge, courtesy of its built-in fast charger, with the timeframe dropped to 2.5 hours after connecting a DC charger cable simultaneously.

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There’s a bunch of upgraded features on Segway’s Ninebot MAX G3, like the Stability Enhancement System for improved handling, disturbance resistance and slip resistance – even at high speeds. There’s also the inclusion of Apple Find My through its companion app to detect and find your scooter whenever needed, as well as extra security in the form of autonomous locking and unlocking via Bluetooth, with the distance it does so being adjustable to your preferences. You’ll also find it coming with dual suspension, 11-inch self-sealing tires, an automatic 6W headlight, an underglow lighting system, and a 2.4-inch smart TFT display that offers the usual at-a-glance riding data alongside navigation, caller ID and smart charge management.

You can also browse through Segway’s current sale offers while the savings are still around, which has the Apple Find My-capable Ninebot E2 Pro eKickScooter down at $500, among others.

Jackery Spring Sale power stations

Jackery Spring Sale drops Explorer 3000 Pro solar generator with two 200W panels to new $1,994 low

We’re almost out of winter, which means Jackery has launched a Spring Sale through March 12 with up to 50% taken off a selection of power stations, solar generator bundles, and accessories – plus, there’s even an extra 5% in savings too. One notable inclusion that is hitting the best rate we’ve seen to date, is the Explorer 3000 Pro Portable Power Station that comes bundled with two 200W solar panels for $1,994.05 shipped, after using the promo code EXTRA5 at checkout. This package would normally cost $3,999, with discounts usually keeping things between $2,199 and $2,799, though we’re seeing it start at $2,099 here, which gets all the better with the extra savings. Having gone as low as $1,999 during Black Friday, today’s deal pushes that rate aside while saving you $2,005 – landing things at a new all-time low and beating out Amazon’s current pricing by a huge margin.

A great option for folks who want one of the more versatile (and larger) power stations for camping, home backup, and RV support, Jackery’s Explorer 3000 Pro provides a solid 3,024Wh capacity for starters. It can dish out plenty of juice for your devices and appliances, with its output reaching 3,000W normally while surging upwards to 6,000W. Among its 10 port options, you’ll find an RV-dedicated TT30 port, making this one of the brand’s best models for motor home living. Recharging its own battery takes just 2.4 hours when plugged into a standard outlet, or you can hook up its full 1,200W of solar input to hit 100% in three to four hours (time increased for the included 400W input here). There’s also the third option of connecting it to your car, which will get it back to full in about 35 hours.

***Note: The extra 5% off coupon has not been factored into the prices below – be sure to use the code EXTRA5 at checkout for the maximum savings!

Deals for your home backup needs:

Deals for your garden & DIY work:

Deals for your short travel needs:

Accessory deals:

You can browse the entire lineup of Jackery’s Spring Sale on the landing page here through March 12.

Samsung Bespoke AI Laundry Combo washer and dryer

Samsung’s Bespoke all-in-one AI Laundry Combo with bonus $100 credit is down at $2,199 ($3,622 value)

As part of the Discover Samsung sale that is running through March 9, you can score the brand’s Bespoke AI Laundry Combo All-in-One 5.3 cubic-foot Washer and Ventless Heat Pump Dryer at $2,199 shipped, with bonus savings (more below). This 2-in-1 unit normally fetches $3,324 at full price, which we’ve seen go as low as $1,899 direct from Samsung during Black Friday and $1,700 from Best Buy (though this rate hasn’t reappeared since). You’re looking at the fourth-lowest price overall and the third-lowest we’ve tracked direct from the brand, also coming along with a $100 credit for future purchases during this sale. You can also save a bit more by going with the open-box option in excellent condition on the same page for $1,759. While Best Buy is currently offering it at a $1 higher price, those of you with a Total Membership will also be benefitting from an additional $100 discount when purchasing from the outlet.

Before I go into the washer/dryer itself, I wanted to just point out some of the other bonus savings options. First off, there is the usual free installation (normally $25) alongside the three-year Samsung Care+ plan for just $1 (normally $199). Second, you can get up to $500 off in instant credits by trading in a phone or tablet. Lastly, you can exclusive savings if you are a teacher, first responder, government official, or part of the military (check drop-down menu on the page.

Samsung’s Bespoke AI Laundry Combo comes ENERGY STAR-certified with AI supporting you through settings management and also increasing its energy efficiency by identifying and adjusting settings based on the different fabrics you place inside and how soiled they are. The AI also pairs with the dual-inverter heat pump, calculating and estimating your electricity costs to “reduce energy usage by up to 19%.” There’s also the ventless design, which allows you to place it virtually anywhere, no longer needing to be next to a dedicate exhaust vent.

The detergent tank here sports a much larger capacity, holding up to 47 loads worth of detergent so you don’t have to regularly worry about filling and refilling in between laundry loads – plus, it also has a Flex One compartment that takes that convenience to the next level as it can be split between 25 loads of detergent and 34 loads of softener. It’s also been given self-cleaning and self-drying tech to keep laundry coming out fresh, smart controls via the SmartThings app (as well as hands-free voice controls), the EPA’s seal of approval, and much more.

You can check out all that the Discover Samsung sale is offering – including daily deals – on the main landing page here.

Best New Year EV deals!

Best new Green Deals landing this week

The savings this week are also continuing to a collection of other markdowns. To the same tune as the offers above, these all help you take a more energy-conscious approach to your routine. Winter means you can lock in even better off-season price cuts on electric tools for the lawn while saving on EVs and tons of other gear.

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