Opinion


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'A Complete Failure of Corporate Controls': What Investors and Accountants Missed in FTX’s Audits

An expert review of FTX’s audited financial statements reveals a series of red flag related-party transactions that should have led to more scrutiny of the company’s operations.

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

Opinion

They Burned Down Crypto. Now They Want a Comeback

Sam Bankman-Fried thinks he can turn things around while his peers Su Zhu and Kyle Davies paint themselves as victims.

AI Artwork Sam Bankman-Fried SBF in Prison concept (Midjourney/CoinDesk)

Opinion

The Tax Implications of the FTX Bankruptcy

As of right now, all funds are frozen, which means FTX users are stuck. What will this mean for taxpayers?

(Scott Graham/Unsplash, modified by CoinDesk)

Opinion

EY’s Crypto Tax Leader Breaks Down What You Need to Know This Tax Season

Use data aggregators, get a trusted adviser and learn to live with a little uncertainty.

EY (Shutterstock)

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Crypto Users Want to Pay Taxes, but We Need Clearer Rules

The need for comprehensive crypto tax reform will become clearer as people start interacting with blockchains – and incurring capital gains taxes – without realizing.

(Unsplash, modified by CoinDesk)

Finance

Post-FTX Meltdown, Regulation-Abiding Companies Can Restore Trust

Adhering to stringent guidelines is less flashy, but will ensure safety and reduce risk.

(Vladimir Loschi/Getty Images)

Opinion

What Will It Look Like When Taxation and Privacy Collide?

What if instead of private protocols enabling tax avoidance or evasion, privacy in web3 actually enhanced tax reporting?

(Markus Winkler/Unsplash, modified by CoinDesk)

Opinion

Taxes and Music NFTs: A Match Made in Hell?

If laws around taxation are confusing for crypto and art-focused NFTs, music is a whole other can of worms.

(Marcela Laskowski/Unsplash, modified by CoinDesk)

Opinion

The FTX Collapse Looks an Awful Lot Like Enron

Alameda and FTX were built on false asset values driven by deceptive self-dealing. So was America's most notorious corporate fraud.

Enron founder and longtime CEO Kenneth Lay, in a mugshot taken July 2004. Lay was convicted of fraud in 2006, but died before being sentenced. (Photo courtesy Bureau of Prisons/Getty Images)

Opinion

Crypto Can De-Escalate the Tax War

The transparency and immutability of blockchain transactions could allow for tax assessment and collection to be vastly more efficient than the status quo.

25th December 1776:  George Washington crosses the Delaware River into Pennsylvania and with a surprise attack defeats Hessian soldiers employed by the British in the Battle of Trenton. Original Artist: By Paul Girardet after Leutze  (Photo by MPI/Getty Images)

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