FTX

New FTX CEO Outlines Findings Since Crypto Exchange Takeover

Former FTX CEO Sam Bankman-Fried is heading into criminal-defense mode, but John J. Ray III is trying to make sense of the company as he seeks a recovery for damaged creditors...

By CoinDesk Inc

Dec 13, 2022 at 8:22 p.m. UTC

Dec 13, 2022

Sam Bankman-FriedFTXftxforarc

Video

Ftx

FTX Worse Than Enron, New CEO Says

New FTX CEO John J. Ray III explains how the crypto exchange compares to Enron. "The multi-billion dollar company used QuickBooks," Ray said at Tuesday's congressional hearing...

By CoinDesk Inc

Dec 13, 2022 at 8:22 p.m. UTC

Dec 13, 2022

FTXEnronftxforarcQuickBooks

New FTX CEO: 'No Separateness Whatsoever' Between FTX, Alameda Research

Video

Ftx

New FTX CEO: 'No Separateness Whatsoever' Between FTX, Alameda Research

John J. Ray III, the new CEO of bankrupt crypto exchange FTX, testified before the U.S. House Committee on Financial Services Tuesday. He added, "There were virtually no inter...

By CoinDesk Inc

Dec 13, 2022 at 8:22 p.m. UTC

Dec 13, 2022

FTXAlameda ResearchftxforarcHouse committee on financial services

US Court Charges FTX Founder Sam Bankman-Fried With Conspiracy, Fraud

Video

Cdtv

US Court Charges FTX Founder Sam Bankman-Fried With Conspiracy, Fraud

U.S. prosecutors revealed a litany of charges against Sam Bankman-Fried on Tuesday, the founder and former CEO of crypto exchange FTX, including wire fraud, conspiracy to comm...

By CoinDesk Inc

Dec 13, 2022 at 6:33 p.m. UTC

Dec 13, 2022

cdtvSam Bankman-FriedFTXHash clipftxforarc

Sam Bankman-Fried's Leaked Testimony Shows What the Former CEO Planned on Telling Lawmakers: Report

Video

Cdtv

Sam Bankman-Fried's Leaked Testimony Shows What the Former CEO Planned on Telling Lawmakers: Report

In Sam Bankman-Fried's prepared testimony he planned to deliver to the U.S. House Financial Services Committee Tuesday morning, he said "I would like to start by formally stat...

By CoinDesk Inc

Dec 13, 2022 at 6:32 p.m. UTC

Dec 13, 2022

cdtvSam Bankman-FriedFTXHash clipHouse Financial Services Committeeftxforarc

Podcasts

Crypto Update | What to Expect From Sam Bankman-Fried's Arrest and Trial

With bitcoin returning to its perch comfortably above $17K after dipping earlier in the day amid a news report that Binance was the subject of a U.S. federal probe, plus a loo...

By Adam B. Levine Adrian Blust

Dec 13, 2022 at 5:48 p.m. UTC

Dec 13, 2022

PodcastsMarkets DailySam Bankman-FriedFTX

Markets

Silvergate

Silvergate Shares Drop to Fresh 2-Year Low Amid FTX Testimony

The crypto-friendly bank announced earlier this month that it was a “victim” of the failed crypto exchange.

By Helene Braun

Dec 13, 2022 at 5:32 p.m. UTC

Dec 13, 2022

SilvergateFTXFTX CollapseMarkets

Policy

Regulations

FTX CEO Warned Not to ‘Obstruct’ Bahamas Probe as He Gives Testimony

The Securities Commission said John J. Ray III had a "questionable agenda" as a row over bankruptcy proceedings deepens.

By Jack Schickler

Dec 13, 2022 at 4:44 p.m. UTC

Dec 13, 2022

RegulationsBahamasFTXFTX Collapse

FTX CEO John Ray III testifies in the U.S. House Financial Services Committee about the company's collapse. (U.S. House Financial Services Committee)

Finance

Regulations

With Founder Facing Charges, New CEO Says FTX Embezzled Customer Cash

Sam Bankman-Fried is now a criminal defendant, and CEO John Ray III told lawmakers FTX embezzled customer funds "right in front of their eyes."

By Jesse Hamilton

Dec 13, 2022 at 4:37 p.m. UTC

Dec 13, 2022

RegulationsHouse of RepresentativesHouse Financial Service CommitteeHearingsFTX CollapseFTXUS

Former FTX CEO Sam-Bankman-Fried (Danny Nelson/CoinDesk)

Finance

Ftx

$1.6B FTX International Customers Group Hires Law Firm to Create Official Bankruptcy Committee

There is “irreconcilable conflict" between the interests of FTX's international customers and those of other creditor groups, said Eversheds Sutherland partner Sarah Paul.

By Ian Allison

Dec 13, 2022 at 4:24 p.m. UTC

Dec 13, 2022

FTXBankruptcyFTX CollapseUS