FTX Collapse


Policy

New FTX CEO Testimony ‘False,’ Bankman-Fried Says

The crypto exchange’s founder said documentation existed, despite John Ray bemoaning poor record-keeping.

Former FTX CEO Sam Bankman-Fried (Jesse Hamilton/CoinDesk)

Finance

Alameda Research Shouldered FTX Loss of Up to $1B Following Client's Leveraged Trade in 2021: FT

That FTX was having to navigate such losses in the pre-bear market days of 2021 may go some way to explain its frail position that would ultimately bring about its collapse.

Former FTX CEO Sam Bankman-Fried (Jesse Hamilton/CoinDesk)

Policy

FTX Japan Plans to Restart Local Customer Withdrawals

The crypto exchange's subsidiary has confirmed Japanese customer funds will remain separate from the ongoing bankruptcy proceedings in the U.S.

Former FTX CEO Sam Bankman-Fried in the Bahamas (Danny Nelson/CoinDesk)

Policy

CFTC Chairman Suggests 'Pause' to Overhaul Senate Bill Following FTX Debacle

Rostin Behnam said in light of recent events lawmakers should make sure the bill has no gaps.

CFTC Chairman Rostin Behnam testifying on FTX before the Senate Agriculture Committee. (Chip Somodevilla/Getty Images)

Policy

FTX Collapse Highlights Need for Global Crypto Regulations, Says US Treasury’s Adeyemo: Reuters

Deputy Treasury Secretary Wally Adeyemo said such regulations are important to ensure the protection of investors, consumers and financial stability.

Wally Adeyemo, deputy secretary of the U.S. Treasury Department (Suzanne Cordiero/CoinDesk)

Finance

Full Transcript: NY Times' Interview With Sam Bankman-Fried

Bankman-Fried said during the interview he did not "knowingly commingle" customer funds.

Andrew Ross Sorkin speaks with FTX founder Sam Bankman-Fried during the New York Times DealBook Summit (Michael M. Santiago/Getty Images)

Learn

BlockFi’s Rise and Fall: A Timeline

BlockFi, a crypto lending company, was founded in October 2017 and filed for bankruptcy just over five years later in the wake of FTX's collapse.

BlockFi co-founders Flori Marquez and Zac Prince (BlockFi)

Opinion

FTX’s Collapse Was a Crime, Not an Accident

Sam Bankman-Fried is a con man and fraudster of historic proportions. But you might not learn that from the New York Times, CoinDesk's Chief Insights Columnist David Z. Morris writes.

(Midjourney/CoinDesk)