FTX US


Finance

FTX to Sell Custody Unit for $500K After Paying $10M Just Months Before Collapse

The bankrupt exchange's unit, Digital Custody Inc., which FTX bought for $10 million, sold for just $500k to CoinList.

Sam Bankman-Fried leaving court on February 16, 2023 (Liz Napolitano/CoinDesk)

Videos

Former FTX U.S. President Reflects on FTX Demise

Architect founder and former president of FTX's U.S. arm Brett Harrison, at Consensus 2023, describes a chaotic environment at the now bankrupt FTX, not unlike what one might encounter at other early-stage start-up companies.

CoinDesk placeholder image

Finance

FTX Firms Had $6.8B Hole in Balance Sheet at Time of Bankruptcy

The group of companies had debts of about $11.6 billion against $4.8 billion in assets, according to a presentation filed by its advisers.

FTX founder Sam Bankman-Fried in March of 2023. He could be returning to jail early if a court decides he has violated conditions of his bail. (Michael M. Santiago/Getty Images)

Consensus Magazine

A Closer Look at FTX’s Most Recent Bankruptcy Documents

The exchange owes customers $1.6 billion in bitcoin, and only has $6 million of it on hand.

(Getty Images)

Finance

Bankrupt Crypto Exchange FTX Had Around $1.4B Cash at End of 2022

The figure is around 19% higher than the $1.2 billion reported in November when FTX filed for bankruptcy protection.

Former FTX CEO Sam Bankman-Fried (Jesse Hamilton, modified by CoinDesk)

Finance

Ex-FTX.US Head Raises $5M for Startup Months After Exchange's Collapse

Brett Harrison's project received investments from the venture arms of Coinbase and Circle.

Brett Harrison, exdirector de FTX.US. (Danny Nelson)

Videos

Anthony Scaramucci Invests In Former FTX.US President's New Venture

As first reported by Bloomberg, SkyBridge Capital founder Anthony Scaramucci is investing his personal funds in a firm set up by Brett Harrison, the former president of FTX.US. Scaramucci confirmed his investment on Twitter over the weekend. "The Hash" hosts discuss the industry implications and Harrison's latest public remarks about former FTX CEO Sam Bankman-Fried.

Recent Videos

Finance

'FTX Has Been Hacked': Crypto Disaster Worsens as Exchange Sees Mysterious Outflows Exceeding $600M

FTX officials appeared to confirm rumors of a hack on Telegram, instructing users to delete FTX apps and avoid its website.

(Leon Neal/Getty Images)

Finance

GameStop to End FTX.US Ties, Refund Customers

GameStop customers with FTX gift cards will be given refunds.

GameStop sign on GameStop at 6th Avenue on March 23, 2021 in New York. (John Smith/VIEWpress)

Finance

FTX Withdraws US CFTC Derivatives Clearing Plan

The company previously submitted a plan that it hoped would allow customers to assess and respond to derivatives risks in real time.

(Jesse Hamilton/CoinDesk)

Pageof 5