FTX collapsed. These were the players closest to the implosion.
Follow the key developments of the unraveling of Sam Bankman-Fried’s crypto empire and exchange, FTX.
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.
FTX’s lawyers say former CEO Sam Bankman-Fried ran the exchange like his own “personal fiefdom,” allowing executives to use customer funds to purchase luxury real estate.
The exploiter had previously drained hundreds of millions of digital assets from FTX on the same day as the embattled crypto exchange filed for bankruptcy protection.
Tom Schmidt noted that more discerning VCs didn't invest in the failed crypto exchange.
An expert review of FTX’s audited financial statements reveals a series of red flag related-party transactions that should have led to more scrutiny of the company’s operations.
John Ray detailed a litany of management failings at the crypto exchange, which collapsed after revelations about its relationship with its trading arm
The regulator said it needed "urgent interim regulatory action" to protect creditors.
Several exchanges, including Binance, have announced plans to use the auditing technique to reassure customers.
The exchange says it has credible evidence the Bahamas directed unauthorized access to its systems after it filed for bankruptcy in the U.S.
The plaintiffs in a class-action suit claim that the heavily-marketed FTX yield-bearing crypto accounts were actually a Ponzi scheme.
Rep. Tom Emmer, a co-chair of the congressional blockchain caucus, was chosen for a leadership role in the next Congress and is bullish on digital assets in the wake of FTX.
After FTX’s stunning meltdown, many are calling for exchanges to prove they have enough assets in reserve to offset any outstanding liabilities.
FTX filed its first substantive look at the exchange's bankruptcy process days after declaring bank
Lawmakers, regulators and criminal investigators are looking into FTX’s collapse, and Sam Bankman-Fried’s tweets aren’t helping.
Financial police in the Bahamas, where Sam Bankman-Fried's FTX is headquartered, are working with the local securities regulator to investigate if any criminal conduct has occurred.
Requiring exchanges to show they have assets to match their liabilities would improve transparency and help to win back public trust in crypto, says Nic Carter.
The U.S. Treasury Secretary said the crypto sector is in need of "very careful regulation" while some lawmakers are already preparing to propose tougher rules.
Insolvent crypto exchange FTX suffered a $400 million exploit late Friday after filing for bankruptcy protection.
The deputy crypto chief of Ukrainian government says war-torn country used FTX only as a fiat on-ramp.
“The whole operation was run by a gang of kids in the Bahamas,” a person familiar with the matter told CoinDesk on condition of anonymity.
For an industry built on the principle of decentralization, we had a lot of trust in one 30-year-old. Understanding why is key to a more sustainable future for crypto.
Financier and influencer Sam Bankman-Fried flew exceptionally high during the pandemic-driven crypto bull market. Here’s what led to his fall, and why it matters for the industry’s future.
Staff from FTX Japan and other subsidiaries found out about the insolvency filing on Twitter, CoinDesk was told.
The foundation addressed the fallout of the FTX debacle in a blog post.
Bankruptcy filings attributed to FTX US and Alameda Research estimate each company has $10 billion to $50 billion in liabilities.
Bitcoin and ether both fell about 6% following the Chapter 11 filing Friday morning.
FTX’s biggest holding remains its own FTT token, while Alameda’s largest holdings are in USD coin.
The league’s commissioner Rob Manfred said the MLB has “been really religious about staying away from coins,” calling the FTX deal “a meaningful deal for us.”
The 10-year deal is the latest to fall through in the wake of the crypto exchange’s bankruptcy filing.
B2C2, Kairon Labs and a few others had concerns about the exchange and its sister firm Alameda Research before liquidity concerns became headlines.
The Alameda Research and FTX founder believed he had singular insight into how to fix the world's problems. Instead, he wound up exemplifying them.
The troubled exchange's European arm FTX EU has had its license in Cyprus suspended just two months after securing it.
The exchange's Japan and Turkey subsidiaries are slowly allowing customers to withdraw small amounts to their bank accounts.
In an open letter, the team said it was unable to perform their work or process grants and have "fundamental questions" about the legitimacy and integrity of business operations.
California becomes the first state to officially announce an investigation.
The comments come a day after the firm revealed the exposure in its quarterly earnings.
FTX did not report the recent token burn, which was scheduled on Nov. 7.
Hodlnaut held bitcoin, ethereum and stablecoins on FTX before withdrawals were frozen.
The premium stems from users with trapped assets on FTX putting their money into major tokens in hopes of receiving some recovery value, one observer said.
The trading company's owner tweeted the news on Thursday morning.
Justin Sun offered a “way forward” for embattled exchange FTX earlier.
The world’s largest crypto exchange, Binance reversed course on a plan to bail out competitor FTX in an event that has shocked the crypto industry and is catching the attention of regulators.
Semafor, a news organization in which FTX's Sam Bankman-Fried invested, cites people familiar with the matter.
The FTX CEO lost an estimated $14.6 billion dollars – nearly 94% of his total wealth – according to the Bloomberg Billionaire Index.
Yuga Labs, the NFT collective behind the majority of tokens held in the crypto empire’s wallet, has previously raised capital from FTX Ventures, although Alameda Research is in control of the wallet.
The purpose of the token movements is unclear, and the amount likely a small portion of the overall firm's holdings, but the observation shows Alameda scrambling to arrange its finances – using the Ethereum blockchain.
The FTT price has declined nearly 14% over the past 24 hours, with Solana's SOL and Serum's SRM taking losses along with bigger cryptocurrencies like bitcoin and ether.
Knowing how to move your cryptocurrencies is fundamental to risk management and preventing crypto losses when bad things happen on exchanges.
Crypto market capitalization fell 8.8% in the past 24 hours, data shows.
The recent chaos around the centralized exchange FTX has sparked questions about the pros and cons of keeping your coins on centralized versus decentralized exchanges. We break it down.
A tarnished record after coming out of retirement, a divorce and now a wipeout of the strategic investment in FTX. It has been a rough year for the seven-time Super Bowl champion.
Backing out would be one more stunning development in the collapse of Sam Bankman-Fried’s crypto empire.
The community behind BitDAO earlier feared that Sam Bankman-Fried's crypto trading firm might liquidate some of its token holdings as speculation sends prices plunging for the related FTX exchange's FTT tokens.
The two crypto exchange giants signed a non-binding letter of intent, Binance CEO Changpeng "CZ" Zhao confirmed on Twitter.
The head of FTX sister company Alameda Research offered to buy as much FTT as Binance wants to sell.
Alameda's CEO offered to buy Binance's FTT token holdings for $22 apiece.
Alameda had $14.6 billion of assets as of June 30, according to a private document CoinDesk reviewed. Much of it is the FTT token issued by FTX, another Bankman-Fried company.
The exchange token used within the Binance trading environment jumped 20%, leading a broad rebound in crypto markets that had been in free fall over acute speculation that the rival FTX exchange might be facing a rapid run on deposits.
Questions about the solvency of FTX were picking up speed on Tuesday morning until Binance announced a non-binding LOI to acquire the crypto exchange.
The BitDAO community has said that it will vote on what to do with its FTT tokens if Alameda fails to provide evidence that it continues to hold BIT tokens as promised. Alameda has promised to provide the evidence soon.
Options market tied to bitcoin and ether shows renewed bias for puts, perhaps a sign of investor fears the FTX-Alameda drama may bring another market-wide crash.
FTT token's crash theoretically could wipe out billions from Alameda's balance sheet, deepening its financial woes, according to an analyst. Bitcoin fell to a 23-month low.
Binance, after exacerbating a bank run on rival crypto exchange FTX, offered to buy out the jewel in SBF's crown.