FTX Collapse

FTX Collapse

Politiche

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.

The collapse of crypto exchange FTX under Sam Bankman-Fried raises the issue of proofs of reserve. (CoinDesk)

Politiche

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.

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)

Opinioni

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.

(Relaxfoto.de/Getty Images)

Tecnologie

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.

Piggy bank bent forward change money coins (Andre Taissin/Unsplash, modified by CoinDesk)

Mercati

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.

Mysterious transactions and reconciliation head-scratchers happen in traditional finance, too, but crypto could be uniquely prone to a situation of this sort. (Wikimedia Commons)

Video

Scottie Pippen on NFT Sneaker Collection Launch: 'We're the Trailblazers'

NBA Hall of Famer Scottie Pippen joins "First Mover" to discuss his crypto journey and partnering with Web3 firm Orange Comet in launching a limited NFT sneaker collection inspired by his basketball career. "We're bringing something different... we're the trailblazers," Pippen said. Plus, Orange Comet CEO Dave Broome discusses the future of the NFT industry in the wake of FTX's collapse.

Recent Videos

Finanza

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.

A person country their dollars.

Finanza

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.

(CoinDesk)

Politiche

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.

Former FTX CEO Sam Bankman-Fried (Jesse Hamilton/CoinDesk)

Politiche

New FTX CEO Testimony ‘False,’ Bankman-Fried Says

The crypto exchange’s founder said documentation existed, despite John Ray bemoaning poor record-keeping.

Former FTX CEO Sam Bankman-Fried (Jesse Hamilton/CoinDesk)