FTX Collapse


Markets

Crypto's Ugly November Draws to Close With ‘Sam Coins’ in Gutter, Bitcoin Down 18%

The FTT token, along with Serum's SRM and Solana's SOL, plunged amid the dramatic collapse of Sam Bankman-Fried's FTX exchange. Bitcoin had its worst loss in five months.

(Getty Images)

Policy

EU’s MiCA Law May Have an FTX-Shaped Loophole

A much-heralded new law could still allow slapdash offshore companies to ply their trade in the bloc.

A loophole in EU crypto laws may allow offshore providers to continue (Stefania De Michiel/EyeEm/Getty Images)

Finance

BlackRock CEO Larry Fink Says Firm Invested $24M in FTX: Reuters

The executive said it appears there were "misbehaviors" at FTX.

BlackRock invested $24 million in failed crypto exchange FTX. (Spencer Platt/Getty Images)

Finance

TON Steward Looks to Draw Projects to its Ecosystem With $126M Rescue Fund

The Ton Foundation's aim is to entice projects to migrate to TON, while helping to alleviate the knock-on effects of FTX's collapse.

(Dimitri Wittmann/Pixabay)

Finance

LedgerX to Make $175M Available for FTX Bankruptcy Proceedings: Bloomberg

The money could be transferred as early as Wednesday.

U.S. Dollars (Shutterstock)

Tech

Bitcoin Custody Firm Casa to Add Ethereum Support

The addition is part of a major overhaul of the Casa app, which will be relaunched in January.

BTC and ETH trade higher on moderate volume to begin the week. (DALLE-E/Coindesk)

Tech

MetaMask IP-Sharing Debacle Highlights the Scourge of Crypto Centralization

Centralized intermediaries have seeped deep into the crypto user experience, but they continue to be its main path to adoption.

Is centralization unavoidable? (Unsplash)

Policy

Singapore's Financial Regulator Defends Itself After FTX Blowup

Singapore state fund Temasek’s investment in FTX caused "reputational damage," but “it is the nature of investment and risk-taking,” said Deputy Prime Minister Lawrence Wong.

Singapore's Parliament House (Getty Images)

Finance

Genesis Creditors Hire Lawyers to Find Ways to Prevent Crypto Brokerage's Bankruptcy: Bloomberg

Genesis is in talks with creditors and potential investors, the report said.

(Genesis Trading)

Policy

Sam Bankman-Fried Called to FTX Hearing by Texas Securities Regulator

The Texas State Securities Board has been investigating FTX US since October.

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