FTX Collapse


Policy

Bahamas Securities Regulator Says It Ordered FTX Crypto Transferred to Government Wallets

The regulator said it needed "urgent interim regulatory action" to protect creditors.

(Leon Neal/Getty Images)

Markets

FTX Collapse Leaves Total Crypto Market Cap Under $800B, Close to 2022 Low

The debacle involving Sam Bankman-Fried's crypto empire has triggered a slide in cryptocurrency prices that wiped out some $183 billion of value from digital assets this month.

Capitalización total de mercado de criptomonedas por mes. (TradingView)

Markets

Bitcoin Holds Steady Over $16K Amid Widening FTX Fallout

Bitcoin has been trading flat this week, even as more companies admit exposure to crypto exchange FTX, which has filed for Chapter 11 bankruptcy protection.

Cryptocurrencies have stabilized for now, but analysts are mulling a further downside. (Unsplash)

Policy

US Senators Warren, Durbin Probe FTX Collapse

The Democratic senators sent letters to both FTX’s current and former CEO demanding answers about what went wrong at the bankrupt exchange – which they say “appears to be an appalling case of greed and deception.”

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Finance

New FTX Boss Condemns Management of the Crypto Exchange During Sam Bankman-Fried's Tenure

The company concealed the misuse of corporate funds, including buying property in the Bahamas for staff, John Ray said.

Lauren Remington Platt, FTX CEO Sam Bankman-Fried and Gisele Bündchen at Crypto Bahamas conference in Nassau in April 2022  (Danny Nelson/CoinDesk)

Policy

Bahamian FTX Liquidators Cite ‘Serious Fraud and Mismanagement’ in Court Filings

Court-appointed liquidators in the Bahamas are seeking to halt asset sales while the complex enterprise is wound up.

(Leon Neal/Getty Images)

Finance

FTX Employees Were Encouraged to Keep Life Savings in the Now-Bankrupt Exchange, Sources Say

Sources told CoinDesk that FTX was used as a bank by many of its employees. Now, their money is probably gone.

FTX's collapse is having ripple effects across the crypto universe. (Leon Neal/Getty Images)