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From Enron to FTX: Wall Street Turnaround Titan John Jay Ray III Takes Reins from FTX CEO Sam Bankman-Fried
11.11.2022
Sam Bankman-Fried handed over control of his company to the veteran Wall Street bankruptcy lawyer who will guide the company’s Chapter 11 process
Philanthropic FTX Foundation Sunsets Operations Amid Bankrupt Exchange’s Fallout
11.11.2022
The philanthropic effort created by the troubled crypto exchange FTX has detailed it is sunsetting operations and told the community that members were “shocked and immensely saddened” by the turn of events that transpired around the trading platform. Sam Bankman-Fried’s Altruistic Efforts...
How Sam Bankman-Fried’s ‘Effective’ Altruism Blew Up FTX
11.11.2022
The Alameda Research and FTX founder believed he had singular insight into how to fix the world's problems. Instead, he wound up exemplifying them
Crypto Biz: Crypto’s day of reckoning has arrived
11.11.2022
After lecturing us about crypto regulation, Sam Bankman-Fried's house of cards collapsed this week as FTX declared bankruptcy
Breaking: FTX US Files for Chapter 11 Bankruptcy, Sam Bankman-Fried Resigns, Crypto Prices Crash Instantly
11.11.2022
In a statement posted on the official FTX Twitter account, the firm announced that they had commenced voluntary Chapter 11 bankruptcy proceedings. The news comes despite efforts by founder Sam Bankman-Fried (SBF) to raise funding to plug the $9.4 billion hole left by fund mismanagement....
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FTX Files for Bankruptcy Protection in US; CEO Bankman-Fried Resigns
11.11.2022
Sam Bankman-Fried is out at FTX
Ethereum turns deflationary for the first time since the Merge — ETH price still risks 50% drop
11.11.2022
A bearish technical setup and a declining number of Ethereum whales pose downside risks for ETH price
Bahamas Regulator Freezes FTX Assets — Supreme Court Appoints Provisional Liquidator
11.11.2022
The Bahamas Securities Commission has frozen the assets of FTX Digital Markets and related parties. The financial regulator said the prudent course of action is to put the crypto firm “into provisional liquidation to preserve assets and stabilize the company.” Bahamas Securities...
FTX contagion victim Deepak.eth puts NFT collection up for sale
11.11.2022
Deepak.eth, the founder of the blockchain infrastructure Chain, listed their NFT collection for sale on OpenSea starting at 8,000 ETH
Sam Bankman-Fried Apologises, Tells Binance ‘You Won’
11.11.2022
FTX CEO Sam Bankman-Fried has sent apologies in his first series of tweets since the collapse of FTX. "I fucked up, and should have done better," the CEO said.
In his first series of tweets since Binance announced and then reversed an offer to buy troubled crypto exchange FTX, SBF apologized...
FTX Used $10 Billion of Customer Funds to Prop Up Alameda Research, Lost it All – What Happens Next?
11.11.2022
Sam Bankman-Fried’s troubled cryptocurrency exchange FTX lent billions of dollars in user funds to its sister company Alameda Research to fund risky bets.
According to a recent report by The Wall Street Journal, the exchange provided up to $10 billion in loans using money that customers...
Rumors continue to fly surrounding Sam Bankman-Fried and the fall of FTX
11.11.2022
A rumor suggesting that FTX CEO Sam Bankman-Fried has been arrested is circulating on social media
California regulators to investigate FTX crypto exchange collapse
11.11.2022
The California DFPI announced it will open up an investigation as to the “apparent failure” of FTX and says it takes this oversight very seriously
Tether CTO confirms no plans to rescue FTX
11.11.2022
FTX won’t be getting a bailout from Tether who confirmed it isn’t planning to provide a cash injection despite the CEO reportedly reaching out to multiple firms for help
JPMorgan Expects Crypto Market to Face Weeks of Deleveraging – Warns Bitcoin Price Could Drop to $13K
11.11.2022
Global investment bank JPMorgan has warned of the crypto market facing weeks of deleveraging stemming from the crisis at Sam Bankman-Fried’s crypto exchange FTX.com and trading platform Alameda Research. The firm’s analysts also predicted that the price of bitcoin could fall...
SEC, DOJ Investigate FTX — Regulators Suspect Crypto Exchange Mishandles Customer Funds
11.11.2022
The U.S. Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) are reportedly investigating cryptocurrency exchange FTX. The crypto firm is suspected of mishandling customer funds and breaking securities laws. Regulatory probes are among the key reasons why Binance walked...
FTX crisis feeds the Twitter rumor mill with hot takes and conspiracy theories
10.11.2022
Exciting times lead to exciting posts, many of which bring up valid questions, and maybe some less valuable answers
Bankman-Fried’s Cabal of Roommates in the Bahamas Ran His Crypto Empire – And Dated. Other Employees Have Lots of Questions
10.11.2022
“The whole operation was run by a gang of kids in the Bahamas,” a person familiar with the matter told CoinDesk on the condition of anonymity
Major VC Firm Sequoia Capital Marks FTX Investment to $0 — Says ‘Liquidity Crunch Has Created Solvency Risk for FTX’
10.11.2022
Venture capital giant Sequoia Capital is marking its investment in the embattled crypto exchange FTX down to $0. “In recent days, a liquidity crunch has created solvency risk for FTX,” the firm stressed, adding that “The full nature and extent of this risk is not known at this...
Financial group CEO claims he tried to warn Bankman-Fried about insolvency in July
10.11.2022
Richard Handler alleged that he offered restructuring services to FTX that might have saved it, but exchange reps refused to meet with him