FTX


Finance

Crypto Exchange AAX Suspends Withdrawals as FTX Failure Reverberates

The suspension for as long as 10 days was blamed on the failure of an unidentified third party. The Hong Kong-based exchange has said it has no exposure to Sam Bankman-Fried’s company.

Amanecer en el Puerto de Victoria de Hong Kong, China. (Unsplash)

Policy

Democrats Keep the US Senate but Crypto Only Has Eyes for FTX Collapse

After a whirlwind election week dogged by crypto market madness, the industry's regulatory future in the U.S. is in the hands of a divided government.

U.S. Capitol Hill (WOWstockfootage/Getty Images)

Finance

All Custodial Crypto Exchanges Should Adopt Proof-of-Reserve Programs, but Even That Isn’t Enough

After last week’s FTX debacle, customers who don’t wish to take custody into their own hands should demand far better from their service providers.

The partnership aims to close ties between traditional banking and decentralized finance. (Getty Images)

Finance

Binance, Huobi Block FTT Deposits After $400M Worth of Tokens Unexpectedly Released

The tokens were released out of schedule from FTT’s main deployer address, with no official explanation.

FTX CEO Sam Bankman-Fried and Binance CEO Changpeng "CZ" Zhao (CoinDesk)

Policy

Bahamas Securities Regulator Says It Didn't Order FTX to Reopen Local Withdrawals

FTX said last week it had allowed Bahamas-based customers to withdraw funds at its regulators' request.

(Leon Neal/Getty Images)

Finance

FTX Hack Sparks Revolution at Serum DEX as Solana Devs Plot Alameda's Ouster

Developers are scrambling to create a new version of the on-chain liquidity hub that has no ties to Sam Bankman-Fried’s burning empire.

Scenes from Solana's Miami Hacker House in April 2022 (Danny Nelson/CoinDesk)

Policy

FTX CEO John Ray Confirms Late-Night Hack, Says Company Is Working With Law Enforcement

Ray said FTX and FTX US are making “every effort to secure all assets, wherever located.”

(Leon Neal/Getty Images)

Markets

The Epic Collapse of Sam Bankman-Fried's FTX Exchange: A Crypto Markets Timeline

Tracing the CoinDesk Market Index (CMI) through key news developments in the swift unraveling of billionaire Sam Bankman-Fried's crypto empire shows just how quickly the speculation kept shifting.

Annotated chart of the 162-asset CoinDesk Market Index (CMI) over the course of the FTX and Alameda saga. (CoinDesk Indices and Research/Sage D. Young)