FTX Collapse


Videos

Major Cryptos Plunge Over the Weekend Amid FTX Collapse

Bitcoin (BTC) slipped 2% but held above its recent $16K support while other major cryptos dropped significantly. Wave Financial’s Head of Protocol and Treasury Management Nauman Sheikh discusses the impact of FTX’s collapse on the broader crypto markets. Plus, insights on Grayscale’s Bitcoin Trust (GBTC) shares trading at a discount of 45% below the net asset value. CoinDesk is an independent subsidiary of Digital Currency Group (DCG), which also owns Grayscale.

Recent Videos

Videos

Tom Brady, Gisele Bündchen and Other Celebs Named in FTX Lawsuit

High-profile celebrities including Tom Brady, Stephen Curry and Larry David were named as defendants in a lawsuit for their roles in promoting crypto exchange FTX. The lawyer behind the suit, Adam Moskowitz of Moskowitz Law Firm, discusses the legal considerations of the case and the outlook for celebrity crypto endorsements.

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Videos

What FTX Fallout Means for VC Funding in Crypto

In Q3 of this year, venture capitalist funding for crypto startups hit a new low in 2022, at roughly $5.5 billion in fundraising, according to Galaxy Digital. Dragonfly Capital Partner Tom Schmidt discusses the impact of crypto exchange FTX's collapse on the industry and outlook for investments in DeFi and NFTs amid crypto winter.

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Finance

New FTX CEO Paid $1,300 an Hour, Court Filings Show

Other execs are billing $975 per hour, but the fees pale in comparison to the typical overall costs of corporate restructuring.

Former FTX CEO Sam Bankman-Fried in the Bahamas (Danny Nelson/CoinDesk)

Finance

FTX Japan Preparing to Allow Withdrawals by Year End: Report

The payment system for withdrawals is still suspended for now.

Bandera de Japón. (Shutterstock)

Finance

Shuttered AAX Will Close Out Derivatives, Citing ‘Chance’ of Return to Normal

The Hong Kong crypto exchange hopes to be able to raise enough capital to reopen following a hack.

Hong Kong skyline (anuchit kamsongmueang/Getty Images)

Twitter Spaces: Crypto’s Lehman Moment, What FTX Means for DeFi

How will FTX’s collapse fuel the case for decentralized finance?

Twitter Spaces: FTX – 1) What

Markets

Bitcoin Holds Fast Over 16K, but Crypto Winter Could Be Prolonged

Bitcoin traded sideways throughout the week but analysts warn that FTX fallout could affect prices for an extended period of time.

Crypto winter (Timothy Eberly/Unsplash)

Opinion

Crypto’s Very Human Fatal Flaw: Hero Worship

Misplaced admiration of Sam Bankman-Fried, prior to the FTX collapse, was a natural tendency. To move forward, we must recognize this vulnerability and safeguard with appropriate regulation.

(Heritage Art/Heritage Images via Getty Images)