FTX


Markets

Sam Bankman-Fried Lost Half a Million Dollars Every Day After Alameda Launched, Michael Lewis Claims

The tides finally changed after Gary Wang and Nishad Singh (both FTX directors who have since pled guilty to fraud in the ongoing trial) joined the firm.

Fundador y ex CEO de FTX, Sam Bankman-Fried. (Nikhilesh De/CoinDesk)

Markets

When SRM Shot Up in Value, Sam Bankman-Fried Changed the Rules for His Workers, Michael Lewis Says

Michael Lewis’ “Going Infinite” outlines how the FTX CEO was worried his employees had gotten too rich because SRM’s price had gone up so much. So, he made them wait longer to sell.

Sam Bankman-Fried, CEO, FTX and Christine Lee, Lead Anchor, CoinDesk

Opinion

Could Sam Bankman-Fried's Saga Happen Without Crypto?

The alleged fraud at FTX is a symptom of problems within crypto, something the industry must reckon with especially as an easy scapegoat goes on trial.

Is crypto "uniquely" at fault for Sam Bankman-Fried's rise and fall? (CoinDesk, modified)(CoinDesk, modified)

Finance

Jump Trading Lost Almost $300M in FTX’s Collapse, Michael Lewis Says in ‘Going Infinite’

This makes the trading giant one of FTX’s top creditors, Lewis wrote, citing documents from the crypto exchange’s former chief operating officer, Constance Wang.

Jump Crypto President Kanav Kariya (Danny Nelson)

Finance

TV's Kevin O’Leary: ‘All the Crypto Cowboys Are Going to Be Gone Soon’

O’Leary, an entrepreneur and television personality, was paid $15 million by FTX for “20 service hours, 20 social posts, one virtual lunch and 50 autographs,” according to Michael Lewis’s new book “Going Infinite.”

Kevin O'Leary (Michael Kovac/Getty Images)

Videos

The SBF Trial: Timeline of FTX's Implosion

The FTX empire collapsed last year, creating a ripple effect across the crypto sector. Now, founder Sam Bankman-Fried begins his trial in New York where he's facing seven charges related to fraud and conspiracy. So, how did we get here? "CoinDesk Daily" host Jennifer Sanasie breaks down the timeline of events.

Recent Videos

Videos

The 'Real Question' About Sam Bankman-Fried's Trial is What Happens Next: Kevin O'Leary

Sam Bankman-Fried, founder of bankrupt crypto exchange FTX, is headed to trial today on multiple fraud and money laundering charges. O'Leary Ventures chairman Kevin O'Leary discusses his reaction as a former FTX spokesperson and the potential crypto industry implications. "The real question about this trial is, what happens next?" O'Leary said.

Recent Videos

Videos

Kevin O’Leary on SBF Trial: 'All the Crypto Cowboys' Will be 'Gone Soon'

Sam Bankman-Fried's criminal trial is kicking off today, as the FTX founder faces charges that include securities fraud, wire fraud, and conspiracy to launder money. O'Leary Ventures chairman Kevin O'Leary shares his take on the trial as a former FTX spokesperson and what could happen next. "All the crypto cowboys...they're all going to be gone soon...they were great pioneers, but now they just have arrows in their backs," O'Leary said.

The SBF Trial and How We Got Here

Videos

Why the Ripple Effect of FTX’s Demise Goes Beyond the U.S.

Sam Bankman-Fried's criminal trial starts today in the U.S., but the ripple effect from FTX's collapse goes far beyond those borders. CoinDesk executive director of global content Emily Parker discusses the impact on Asia's digital asset scene and the outlook for a possible FTX 2.0.

The SBF Trial and How We Got Here