FTX


Finance

Genesis’ Crypto-Lending Unit Is Halting Customer Withdrawals in Wake of FTX Collapse

The unit, known as Genesis Global Capital, serves an institutional client base and had $2.8 billion in total active loans as of the end of the third quarter of 2022.

(Genesis Trading, modified by CoinDesk)

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

Coinbase: FTX’s Collapse Will Likely Lead to an Extended Crypto Winter

Poor liquidity in cryptocurrency markets could last until at least the end of the year and the crypto winter until end-2023, the exchange said.

Crypto winter (Timothy Eberly/Unsplash)

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

After Bankruptcy, FTX User Claims Pay Cents on the Dollar

The crypto exchange FTX filed for bankruptcy Friday, leaving users’ funds stuck on the platform, and one marketplace for distressed claims posted bids for a fraction of the original value of claims.

(Leon Neal/Getty Images)

Opinion

Crypto Needs an FDIC-Like Protocol to Prevent Liquidity Crises

How does the FTX fallout resemble the history of bank runs?

WASHINGTON, DC - JUNE 6:  The entrance to the Federal Deposit Insurance Corporation (FDIC), located across the street from the Eisenhower Executive Office Building, is viewed on June 6, 2017 in Washington, D.C. The nation's capital, the sixth largest metropolitan area in the country, draws millions of visitors each year to its historical sites, including thousands of school kids during the month of June. (Photo by George Rose/Getty Images)

Markets

On-Chain Data Shows Investors Waiting, Changing Custody Behavior

Trust in exchanges is understandably low after the collapse of Sam Bankman-Fried's FTX. Investors might trust the asset more than the entity that holds them.

The price of ether has risen 16% in the past week. (Getty Images)

Videos

'Bitcoin Doesn't Care' About FTX Fallout: Ledger CEO

Ledger CEO Pascal Gauthier discusses the potential contagion concerns following the bankruptcy of FTX. Plus, he shares his outlook on bitcoin, saying in part "bitcoin will be fine, bitcoin doesn't care about all this."

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Videos

Levels to Watch for Bitcoin as FTX Fallout Continues

Amberdata Director of Derivatives Greg Magadini discusses his bitcoin analysis and outlook amid the stunning collapse of crypto exchange FTX and its former CEO Sam Bankman-Fried. Plus, reactions to BlockFi reportedly preparing for possible bankruptcy, and Japanese crypto exchange Liquid Global halting withdrawals.

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