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Markets Daily Podcast Cover
Weekend Story: What Is a Crypto Exchange Token and How Did It Help Blow up FTX?
On today’s show we’re taking a look at exchange tokens, what they are, and how their mis-use looks to have driven the collapse of FTX, courtesy of CoinDesk’s Chief Insights Columnist, David Z. Morris.
Markets Daily Podcast Cover

CDCROP: AI Artwork Sam Bankman-Fried SBF in Prison concept (Midjourney/CoinDesk)
FTX’s Collapse Was a Crime, Not an Accident
Sam Bankman-Fried is a con man and fraudster of historic proportions. But you might not learn that from the New York Times, CoinDesk's Chief Insights Columnist David Z. Morris writes.
CDCROP: AI Artwork Sam Bankman-Fried SBF in Prison concept (Midjourney/CoinDesk)

CDCROP: Falling coins (Getty Images)
Crypto's Ugly November Draws to Close With ‘Sam Coins’ in Gutter, Bitcoin Down 18%
The FTT token, along with Serum's SRM and Solana's SOL, plunged amid the dramatic collapse of Sam Bankman-Fried's FTX exchange. Bitcoin had its worst loss in five months.
CDCROP: Falling coins (Getty Images)

CDCROP: FTX bought the naming rights to the Miami Heat arena in March. (Danny Nelson/CoinDesk archives)
What Is a Crypto Exchange Token and How Did It Help Blow up FTX?
Exchange tokens do not represent a claim on a centralized crypto businesses, but they can have utility.
CDCROP: FTX bought the naming rights to the Miami Heat arena in March. (Danny Nelson/CoinDesk archives)

CDCROP: Members of the NANSEN team (Nansen)
On-Chain Data Shows Close Ties Between FTX and Alameda Were There From the Start: Nansen
Niklas Polk, a research analyst at the analytics firm, discusses its latest report, and what on-chain data reveals about the wallets used by FTX and Alameda.
CDCROP: Members of the NANSEN team (Nansen)

CDCROP: Sam Trabucco (Alameda Research)
Who Is Alameda's Former co-CEO Sam Trabucco?
The former co-CEO of Alameda Research took steps to distance himself from the firm before and after announcing his departure.
CDCROP: Sam Trabucco (Alameda Research)

CDCROP: FTX Inner Circle Composite
Who's Who in the FTX Inner Circle
FTX collapsed. These were the players closest to the implosion.
CDCROP: FTX Inner Circle Composite

Former FTX CEO Sam Bankman-Fried in the Bahamas (Danny Nelson/CoinDesk)
FTX Must Pay Expenses Incurred by Bahamas Regulator for Holding the Exchange's Digital Assets
The Securities Commission of the Bahamas last week ordered the contents of FTX's crypto wallets to be transferred to government-controlled wallets.
Former FTX CEO Sam Bankman-Fried in the Bahamas (Danny Nelson/CoinDesk)

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RETRACTED: Here’s How Some FTX Account Holders Can Get Their Money Back – But Time Is Running Out
This article did not meet CoinDesk’s editorial standards and the original text and video have been removed.
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CDCROP: Janitors sweep the trading floor at the New York Stock Exchange - NYSE - following the closing bell. October 10th 2008 was a historic low for the Dow Jones index. (Orjan F. Ellingvag/Corbis via Getty Images)
Custodians Could Sweep Up Following FTX Collapse: Strategist
Opimas CEO Octavio Marenzi discusses why some corporate giants could stand to benefit from FTX fallout and why institutional investors may be hesitant to leave their funds in the hands of overleveraged hedge funds.
CDCROP: Janitors sweep the trading floor at the New York Stock Exchange - NYSE - following the closing bell. October 10th 2008 was a historic low for the Dow Jones index. (Orjan F. Ellingvag/Corbis via Getty Images)