ftx collapse

CDCROP: Sam Bankman-Fried speaks at Consensus C22 (CoinDesk)
Senate Committee to Subpoena FTX's Sam Bankman-Fried If He Does Not Testify Voluntarily
The Senate Banking and House Financial Services Committees are holding hearings on FTX's collapse next week.
CDCROP: Sam Bankman-Fried speaks at Consensus C22 (CoinDesk)

CDCROP: Securities and Exchange Commission (SEC) Chair Gary Gensler testifies before the Senate Banking, Housing, and Urban Affairs Committee, on Capitol Hill, September 15, 2022 in Washington, DC.  (Kevin Dietsch/Getty Images)
Gensler Says SEC Is Fine Going After Crypto With Its Current Authority
As a new Congress prepares to work on uncertain crypto legislation next year, the SEC chairman says his agency needs nothing apart from more money and more reach overseas.
CDCROP: Securities and Exchange Commission (SEC) Chair Gary Gensler testifies before the Senate Banking, Housing, and Urban Affairs Committee, on Capitol Hill, September 15, 2022 in Washington, DC.  (Kevin Dietsch/Getty Images)

CDCROP: Justicia - sculpture at justice fountain in Frankfurt City, Germany (Getty Images)
Be Patient: Sam Bankman-Fried Could Go to Prison for a Very, Very Long Time
The former wonder boy could be behind bars for life, according to U.S. federal sentencing guidelines.
CDCROP: Justicia - sculpture at justice fountain in Frankfurt City, Germany (Getty Images)

CDCROP: Piggy bank bent forward change money coins (Andre Taissin/Unsplash, modified by CoinDesk)
DeFi Project Mercurial Plots Revamp and New Tokens Following 'Toxic' Association With FTX
Mercurial would launch some of its popular products as a separate project under the name Meteora.
CDCROP: Piggy bank bent forward change money coins (Andre Taissin/Unsplash, modified by CoinDesk)

Sherlock_Holmes_1_Charlton_Comics (Wikimedia Commons)
Crypto Audit Platform Sherlock Expects $4M Loss From Troubled Loans on Maple Finance
Sherlock deposited $5 million USDC of its staking pool into the beleaguered credit pool on Maple, which suffered a $31 million hit from Orthogonal Trading’s FTX-induced insolvency.
Sherlock_Holmes_1_Charlton_Comics (Wikimedia Commons)

CDCROP: Woman counting money cash dollar bills (Alexander Grey/Unsplash)
Goldman Sachs to Spend 'Tens of Millions' on Discounted Crypto Investments After FTX Implosion: Report
The investment bank sees a bigger need for trustworthy and established players in the crypto market.
CDCROP: Woman counting money cash dollar bills (Alexander Grey/Unsplash)

CDCROP: Silvergate Bank HQ (CoinDesk)
Silvergate CEO Attempts to Address Concerns in Public Letter
Shares of the crypto-focused bank have been reeling in part due to links with failed crypto exchange FTX and sister company Alameda Research.
CDCROP: Silvergate Bank HQ (CoinDesk)

ExCEO de FTX, Sam Bankman-Fried. (Jesse Hamilton/CoinDesk)
El testimonio del nuevo CEO de FTX es “falso”, según Bankman-Fried
El fundador del exchange de criptomonedas dijo que la documentación existía, a pesar de que John Ray continúe quejándose de que tenían malos controles.
ExCEO de FTX, Sam Bankman-Fried. (Jesse Hamilton/CoinDesk)

CDCROP: FTX CEO Sam Bankman-Fried (Jesse Hamilton/CoinDesk)
New FTX CEO Testimony ‘False,’ Bankman-Fried Says
The crypto exchange’s founder said documentation existed, despite John Ray bemoaning poor record-keeping.
CDCROP: FTX CEO Sam Bankman-Fried (Jesse Hamilton/CoinDesk)

CDCROP: FTX CEO Sam Bankman-Fried (Jesse Hamilton/CoinDesk)
Alameda Research Shouldered FTX Loss of Up to $1B Following Client's Leveraged Trade in 2021: FT
That FTX was having to navigate such losses in the pre-bear market days of 2021 may go some way to explain its frail position that would ultimately bring about its collapse.
CDCROP: FTX CEO Sam Bankman-Fried (Jesse Hamilton/CoinDesk)