FTX Collapse


Finance

FTX’s Bankman-Fried Gave Ex-Jane Street Traders Who Formed Modulo Capital $400M

Founded in early 2022, Modulo operated out of the same luxury Bahamian condominium community where Sam Bankman-Fried and other FTX employees lived.

Sam Bankman-Fried speaks at Consensus C22 (CoinDesk)

Finance

FTX Collapse Is ‘Golden Opportunity’ for Developers, Says Tezos Co-Founder

Kathleen Breitman discusses why the collapse of FTX is a “massive distraction” for the industry but has made it prime time for hiring developers.

(Midjourney/CoinDesk)

Opinion

With Binance, Everything Is Not Fine

As the financial health of the exchange grows more uncertain, CEO Changpeng "CZ" Zhao has offered nothing but red flags, says Genevieve Roch-Decter (CFA), the CEO of GRIT Capital.

Binance CEO Cheng “CZ” Zhao on CNBC, Dece. 15, 2022. ("Squawk Box," CNBC)

Videos

There's a Silver Lining in the Wake of FTX's Collapse, Bitwise CIO Says

Bitwise Asset Management Chief Investment Officer Matt Hougan joins “First Mover” to discuss his outlook on the crypto markets and the long-term silver lining of FTX’s collapse as lawmakers call for more regulatory clarity in the industry. Plus, insights on Grayscale considering returning 20% of investor capital if SEC refuses spot bitcoin ETF. Grayscale and CoinDesk are both owned by Digital Currency Group.

Recent Videos

Videos

Sam Bankman-Fried Expected to Accept US Extradition: Reports

FTX founder and former CEO Sam Bankman-Fried will no longer contest extradition to the U.S. from the Bahamas, multiple media outlets have reported. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses his change of heart and what this means for his extradition hearing on Feb. 8.

Recent Videos

Videos

Tezos Co-Founder on FTX Fallout

Tezos co-founder Kathleen Breitman reflects on the collapse of crypto exchange FTX and why the industry needs to review the “role of marketing and pumping in the cryptocurrency space.” Plus, her take on the prolonged crypto winter and developments in DeFi and Web3.

Recent Videos

Policy

Sam Bankman-Fried Won’t Contest US Extradition: Reports

The change of heart suggests the founder of the crypto exchange founder could leave his notorious Bahamas jail.

The US Department of Justice unveiled charges against Sam Bankman-Fried on Dec. 13. (Stephanie Keith/Getty Images)

Consensus Magazine

The Faulty Moral Universe of Sam Bankman-Fried

The FTX CEO's legal-scholar mother believed personal responsibility was an outdated concept. Did those ideas create a monster?

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

Policy

Media Groups Win Right to Argue for Publication of FTX’s Million-Strong Creditor List

A final decision on whether to publish the names, which the collapsed crypto exchange says could advantage competitors and breach privacy laws, will follow in January.

(FuzzMartin/Getty Images)