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.
The company says it has 'credible evidence' the Bahamas government directed unauthorized access to FTX systems after the company 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.
Several exchanges, including Binance, have announced plans to use the auditing technique to reassure customers.
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.
Alameda and FTX were built on false asset values driven by deceptive self-dealing. So was America's most notorious corporate fraud.
The real reason why the FTX failure hits so hard is not because the crypto industry was duped, but because it proved that the industry was vulnerable to being duped.
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 original partnership to release crypto debit cards in 40 countries was reported on in October.
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.
B2C2, Kairon Labs and a few others had concerns about the exchange and its sister firm Alameda Research before liquidity concerns became headlines.
A spokesperson for the crypto exchange said FTX's issues "are beyond our control or ability to help."
