FTX Collapse


Finance

Multicoin Capital Is in Talks to Sell Roughly $100M FTX Bankruptcy Claim: Source

Positive news around the FTX bankruptcy has seen claims being sold for upward of 70 cents on the dollar, now climbing towards the eighties.

Multicoin Managing Partner Kyle Samani (Danny Nelson/CoinDesk)

Policy

FTX Hack Mystery Possibly Solved: U.S. Charges Trio With Theft, Including Infamous Attack on Crypto Exchange

The federal indictment doesn't identify Sam Bankman-Fried's FTX as the pilfered company, but Bloomberg reported that's who it was.

FTX's Sam Bankman-Fried exiting a federal courthouse in New York last year. (Nikhilesh De/CoinDesk)

Finance

Larry David Calls Himself an 'Idiot' for Doing Infamous FTX Super Bowl Ad

Sam Bankman-Fried's cryptocurrency exchange infamously collapsed months after the commercial.

Larry David on Super Bowl ad for Sam Bankman-Fried's FTX: 'Like an Idiot, I Did It' (Axelle/Bauer-Griffin/FilmMagic)

Policy

FTX Expects to Fully Repay Customers but Won't Restart Defunct Crypto Exchange

An initial surge in the FTT token after the news turned negative, leaving FTT plummeting 15% today.

Sam Bankman-Fried (Liz Napolitano/CoinDesk)

Policy

Sam Bankman-Fried's Parents Ask Court to Dismiss FTX's Lawsuit Seeking to Recover Funds

Bankman and Fried, both professors at Stanford Law School, argued that Bankman did not have a fiduciary relationship with FTX .

Barbara Fried and Joe Bankman at the federal courthouse where their son, Sam Bankman-Fried, was preparing to testify on Oct. 26, 2023 (Victor Chen/CoinDesk)

Policy

Judge Denies Sam Bankman-Fried Request for a Longer Sentencing Process

Bankman-Fried's defense team asked for a four to six week extension for his sentencing scheduled in late March, citing a possible second trial that may begin earlier in the month.

Sam Bankman-Fried (Nikhilesh De/CoinDesk)

Finance

FTX's Bahamas Wing Reaches Agreement With U.S. Bankruptcy Team, Streamlining Future Actions

This deal will pave the way for assets to be pooled and distributed to FTX.com customers.

Albany, a residential complex where Sam Bankman-Fried lived in a penthouse with others. (Amitoj Singh/CoinDesk)

Finance

Galaxy Digital Looking to Buy More Crypto Bankruptcy Assets After Deal to Sell FTX's Coins: FT

Mike Novogratz's firm is also interested in companies FTX invested in as a venture capital provider.

Mike Novogratz, founder and CEO of Galaxy Digital

Finance

FTX Files Reorganization Plan to End Bankruptcy, Repay Creditors

Asset values for creditor claims will be calculated at prices on the day FTX filed for bankruptcy in November 2022, the plan says.

John J Ray III took over as FTX CEO in November 2022 (House Committee on Financial Services)

Policy

CFTC Pushes FTX-Inspired Rule to Protect Customers' Money

Commissioners took a step toward requiring derivatives clearing organizations, a key type of middleman in the industry, to keep their customers' money segregated from their own funds.

The U.S. Commodity Futures Trading Commission would be granted far-reaching authority over crypto trading and regulation in a new Senate bill. (Jesse Hamilton/CoinDesk)