FTX Collapse


Web3

In the Wake of Collapse, FTX Fortune Cookies Are Still on the Menu

“My fortune was, ‘There’s a price to waiting,’” Chinese restaurant diner Morgan Polikoff told CoinDesk. “Pretty ironic given that in the case of FTX, the price to waiting was losing all your money in crypto.”

(Charles Hoffmeyer)

Policy

FTX US 'Was Not Independent' of Parent Company, New FTX CEO Will Say in House Testimony

FTX CEO John Ray III is scheduled to testify before the House Financial Services Committee on Tuesday.

Sam Bankman-Fried during Consensus 2022 (Suzanne Cordiero/Shutterstock/CoinDesk)

Opinion

What the IMF Can Teach Binance About Crypto Bailouts

In the aftermath of the FTX fiasco, the world’s largest crypto exchange is rushing to backstop failing firms and protocols. Should it?

Changpeng Zhao ,CEO of Binance, at Consensus Singapore 2018 (CoinDesk)

Finance

FalconX Discloses Assets Locked on FTX

The crypto trading firm says it can nonetheless take the pain.

FalconX Chief Executive Officer Raghu Yarlagadda (FalconX)

Policy

EU’s McGuinness Urges Speedier Vote on Long-Delayed Crypto Laws

A final vote on MiCA and anti-money-laundering rules has been repeatedly pushed back, even though a deal was struck in June

European Commissioner Mairead McGuinness says crypto regulation in the European Union has become more urgent now. (Thierry Monasse/Getty Images)

Finance

Sam Bankman-Fried, CZ Battle It Out on Twitter Over Binance's Exit from FTX

The former FTX CEO and current Binance CEO disagree on the details of FTX's buyout of Binance's investment in it last year.

Sam Bankman-Fried vs. CZ (CoinDesk)

Policy

US Watchdog Says Banks Shying Away From Stumbling Crypto Industry

The OCC chief says lenders seem to be backing away from the industry’s recent dramas, and a new report from his regulatory agency criticizes the sector for "weak," risky practices.

Acting OCC chief Michael Hsu (Jesse Hamilton for CoinDesk)

Markets

2022 – Crypto Markets: A Year in Review

Coming off euphoric highs of the year before, the crypto market has endured an environment of tightening monetary policy, which led to sell-offs, implosions of projects like Terra, bankruptcy filings of CeFi companies including Celsius Network and Voyager Digital and the climactic downfall of the FTX exchange.

(Justin Pumfrey/Getty Images)

Policy

Senate Committee to Subpoena FTX's Sam Bankman-Fried if He Does Not Testify Voluntarily

The Senate Banking and House Financial Services committees are holding hearings on FTX's collapse next week.

The collapse of crypto exchange FTX under Sam Bankman-Fried raises the issue of proofs of reserve. (CoinDesk)