FTX Collapse

John J Ray III took over as FTX CEO in November 2022 (House Committee on Financial Services)
FTX Files Reorganization Plan to End Bankruptcy, Repay Creditors
Asset values for creditor claims will be calculated at prices on the day FTX filed for bankruptcy in November 2022, the plan says.
John J Ray III took over as FTX CEO in November 2022 (House Committee on Financial Services)

(Jesse Hamilton/CoinDesk)
CFTC Pushes FTX-Inspired Rule to Protect Customers' Money
Commissioners took a step toward requiring derivatives clearing organizations, a key type of middleman in the industry, to keep their customers' money segregated from their ow...
(Jesse Hamilton/CoinDesk)

CoinDesk's Ian Allison (Mason Webb/CoinDesk)
Ian Allison's Giant Sam Bankman-Fried Scoop Won Accolades in 2023
The CoinDesk reporter belongs in the Journalism Hall of Fame since there's little, if any, precedent for the waves his story on Alameda Research and FTX stirred up.
CoinDesk's Ian Allison (Mason Webb/CoinDesk)

Michael Kutsche's portrait of Caroline Ellison for Most Influential 2023.
Caroline Ellison Buried Sam Bankman-Fried
The former Alameda Research CEO gave damning testimony in the fraud trial of her former boyfriend, Sam Bankman-Fried, making her one of CoinDesk's Most Influential in 2023.
Michael Kutsche's portrait of Caroline Ellison for Most Influential 2023.

A musician in downtown Nassau, The Bahamas on a day no cruise ship had docked
Courtesy: Amitoj Singh/CoinDesk
Date: October 2023
Sam Bankman-Fried's Trial May Be Over, but The Bahamas Is Living Its Own Trial
Bankman-Fried may have been convicted, but The Bahamas appears to be dealing with the stigma of rolling out a red carpet for FTX.
A musician in downtown Nassau, The Bahamas on a day no cruise ship had docked
Courtesy: Amitoj Singh/CoinDesk
Date: October 2023

(QuinceCreative/Pixabay)
FTX Sues Bybit to Claw Back $953M in 'Misappropriated Funds'
The FTX estate says the funds were "preferentially" or "fraudulently" transferred to Bybit and affiliates in the lead up to its November 2022, bankruptcy filing.
(QuinceCreative/Pixabay)

Jon Corzine and Sam Bankman-Fried were both politically-connected business leads who lost over $1 billion in customer funds, though their different outcomes shows that regulation does not always achieve what is promised. (Wikimedia Commons/CoinDesk)
We've Seen the FTX Collapse Before
There are overwhelming similarities between the FTX and MF Global bankruptcies — and one big difference.
Jon Corzine and Sam Bankman-Fried were both politically-connected business leads who lost over $1 billion in customer funds, though their different outcomes shows that regulation does not always achieve what is promised. (Wikimedia Commons/CoinDesk)

Solana price (CoinDesk)
Solana's SOL Rallies 20% in a Day, Erasing Woes of Past 18 Months
The Solana token's massive rally this year increases the odds that FTX customers will recoup all their lost money.
Solana price (CoinDesk)

SBF Wide
SBF TRIAL Podcast: Inside the Courtroom With CoinDesk
Listen to the latest SBF trial updates by the CoinDesk Podcast Network.
SBF Wide

FTX founder Sam Bankman-Fried (Nikhilesh De/CoinDesk)
FTX's FTT Token Jumps 90% on Gensler Comments
"Do it within the law," Gensler said in relation to reports of buyers emerging for the failed crypto exchange.
FTX founder Sam Bankman-Fried (Nikhilesh De/CoinDesk)