FTX Collapse


Policy

Bahamian Liquidators Say FTX Wasn’t Authorized to File for Bankruptcy in the US

Despite the company’s convoluted corporate structure, Bahamas-based lawyers say everything falls under the “FTX Digital Markets” umbrella – a Bahamian entity, subject to Bahamian law.

(Leon Neal/Getty Images)

Opinion

The FTX Collapse Looks an Awful Lot Like Enron

Alameda and FTX were built on false asset values driven by deceptive self-dealing. So was America's most notorious corporate fraud.

Enron founder and longtime CEO Kenneth Lay, in a mugshot taken July 2004. Lay was convicted of fraud in 2006, but died before being sentenced. (Photo courtesy Bureau of Prisons/Getty Images)

Policy

Top House Committee to Hold Hearing Into FTX Collapse

The House Financial Services Committee plans to hear from FTX and related entities during a hearing next month.

Rep. Patrick McHenry (left) and Rep. Maxine Waters (Alex Wong/Getty Images)

Policy

FTX’s Bahamas Arm Files for Bankruptcy Protection in US

The move on behalf of FTX.com, based in the Caribbean, is the latest legal move in the crypto exchange’s collapse.

AI Artwork SBM Sam Bankman-Fried (DALL-E/CoinDesk)

Markets

Cryptocurrencies Trade in Sync After FTX Collapse – Just Not With Stocks

A new analysis shows how correlations have increased on various sectors of the 162-asset CoinDesk Market Index (CMI) amid widespread crypto distress following the collapse of Sam Bankman-Fried's FTX exchange. U.S. stocks, meanwhile, look unfazed by it all.

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Markets

Serum’s SRM Tokens Double in Price After Emergency Fork in Wake of FTX Hack

The Serum token price rose as high as 32 cents, from a low of 12 cents just two days ago, as community members of the decentralized exchange scrambled to implement an emergency fork in the wake of security concerns triggered by the hack of Sam Bankman-Fried's FTX exchange.

Price chart shows Serum’s SRM price jump on Tuesday. (CoinDesk)