FTX


Policy

FTX Taps Galaxy to Sell, Stake and Hedge Its Crypto Billions

The bankrupt exchange wants to return funds to creditors in dollars without denting value.

New FTX CEO John J. Ray III (C-Span)

Policy

FTX Bankruptcy Burning Through $1.5M in Legal Costs Every Day

Creditors are lamenting the rapid drain of cash from the global exchange’s bankruptcy as the process stretches over more months.

(Danny Nelson/CoinDesk)

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Sam Bankman-Fried's Defense Strategy; Binance.US Customers Now Have Access to MoonPay

“CoinDesk Daily” host Jennifer Sanasie dives into today’s hottest stories in crypto, as bitcoin hovers around $26,300 and XRP has lost nearly all its gains since the historic Ripple ruling. FTX founder Sam Bankman-Fried has settled on a legal strategy ahead of his criminal trial this October. The FBI is warning North Korean hackers could try to sell millions of dollars worth of bitcoin. And, Binance.US customers now have access to MoonPay.

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Could Sam Bankman-Fried's 'Blame-the-Lawyers' Strategy Work?

Sam Bankman-Fried's defense team published a letter detailing a planned "advice of counsel" strategy, which argues that the FTX founder was acting in "good faith" in loaning funds to FTX and Alameda executives because he was following the advice of lawyers, including law firm Fenwick & West. "The Hash" panel weighs in on the latest developments in the case.

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FTX Founder Sam Bankman-Fried Intends to Blame Fenwick & West Lawyers in His Defense

Sam Bankman-Fried intends to argue he was acting in "good faith" in loaning funds to FTX and Alameda executives, in setting Signal messages to auto-delete and in setting up a set of North American entities because he was following the advice of lawyers, including law firm Fenwick & West. CoinDesk's global policy and regulation managing editor Nikhilesh De discusses the latest developments and what happened inside the courtroom during Bankman-Fried's Tuesday arraignment.

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XRP Gives Up Nearly All Gains Made After Ripple's Partial Win Against the SEC

XRP has lost nearly all gains after Ripple Labs’ landmark court ruling over the U.S. Securities and Exchange Commission (SEC) in July. TheoTrade co-founder Don Kaufman shares his reaction as bitcoin (BTC) and other major cryptocurrencies remain little-changed after the largest cryptocurrency by market cap saw its worst weekly performance since FTX's collapse.

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Policy

FTX Founder Sam Bankman-Fried Intends to Blame Fenwick & West Lawyers in His Defense

Sam Bankman-Fried appeared in court Tuesday to plead not guilty to latest indictment.

Sam Bankman-Fried, middle, walks into court on Aug. 11, 2023. (Victor Chen/CoinDesk)

Videos

Coinbase Gets a Stake in Circle; FTX's Sam Bankman-Fried Pleads Not Guilty, Again

“CoinDesk Daily” host Jennifer Sanasie dives into today’s hottest stories in crypto, as FTX founder Sam Bankman-Fried pleads not guilty to his latest indictment. The Wall Street Journal is out with a new report detailing Binance's legal risks over Russia. And, Coinbase buys a minority stake in stablecoin issuer Circle Internet Financial.

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FTX's Sam Bankman-Fried Latest Court Appearance an 'Interesting Peek' After Being Jailed: Legal Expert

Renato Mariotti, Bryan Cave Leighton Paisner LLP partner, weighs in on FTX founder Sam Bankman-Fried facing arraignment yet again in a New York Court on Tuesday. "This is going to be an interesting peek at Sam Bankman-Fried after he's been in prison, remember that he was repeatedly violating his conditions of release," Mariotti said.

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FTX's Sam Bankman-Fried Is the 'Problem,' Not His Lawyers: Former Federal Prosecutor

FTX founder Sam Bankman-Fried is back in court on Tuesday, getting arraigned on the most recent version of his indictment. Renato Mariotti, Bryan Cave Leighton Paisner LLP partner and former federal prosecutor, discusses what to make of the latest developments. The problem is "not the lawyers, it's Sam Bankman-Fried," Mariotti said. 

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