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FTX Collapse
Binance Targets $1B Recovery Fund for Distressed Crypto Assets: Bloomberg
The Binance fund will be open to contributions from other industry players.
FTX Contagion Revives Dreaded 2022 Crypto Knell – the ‘Withdrawal Halt’
The downfall of the FTX exchange has caused a domino effect: a growing list of crypto firms, such as BlockFi and Genesis, halting withdrawals. CoinDesk counted 16 of these announcements just this year.
US Senators Demand Sam Bankman-Fried, FTX Execs Be Held Accountable to 'Fullest Extent of the Law’
Elizabeth Warren (D-Mass.) and Sheldon Whitehouse (D-R.I.) said in a Wednesday letter to Attorney General Merrick Garland they want Sam Bankman-Fried and others investigated.
'Personal Fiefdom': Some Takeaways From FTX's First Bankruptcy Hearing
FTX’s lawyers painted an alarming picture in the bankrupt crypto exchange’s first-day hearing.
Binance US Steps Into National Politics With New Campaign PAC
As FTX and its political-minded executives fall from their brief heights as campaign-finance giants, rival Binance has decided now is the time to enter the vacuum.
Bankman-Fried Apologizes to FTX Employees, Details Amount of Leverage in Internal Letter
The former FTX CEO did not address concerns about customer funds being misappropriated or other recent revelations about the company.
Bitcoin Regains $16K, But Analysts Are Still Bearish
The cryptocurrency has rebounded after it hit a two-year low in the past 24 hours, although one analyst said $12,500 is possible by year end.
FTX Bankruptcy Judge Says Creditor Information Can Be Redacted – at Least for Now
John Dorsey said Tuesday that he wants to ensure FTX’s individual creditors are protected from cyber threats.
Lawyers Detail the ‘Abrupt and Difficult’ Collapse of FTX in First Bankruptcy Hearing
FTX’s lawyers say former CEO Sam Bankman-Fried ran the exchange like his own “personal fiefdom,” allowing executives to use customer funds to purchase luxury real estate.
Bahamas FTX Liquidators Agree to Transfer Bankruptcy Case to Delaware
Court-appointed liquidators for FTX in the Bahamas had filed a separate suit in a New York court, while the exchange had filed for bankruptcy protection in Delaware.
