FTX Collapse
Crypto’s Very Human Fatal Flaw: Hero Worship
Misplaced admiration of Sam Bankman-Fried, prior to the FTX collapse, was a natural tendency. To move forward, we must recognize this vulnerability and safeguard with appropriate regulation.
If You Lost Money on FTX, You May See Some Tax Relief
Tax expert Victoria J. Haneman compares Sam Bankman-Fried's crypto trading empire to Bernie Madoff's Ponzi scheme to glean what the FTX fallout could mean for tax filers.
Bahamas Securities Regulator Says It Ordered FTX Crypto Transferred to Government Wallets
The regulator said it needed "urgent interim regulatory action" to protect creditors.
FTX Collapse Leaves Total Crypto Market Cap Under $800B, Close to 2022 Low
The debacle involving Sam Bankman-Fried's crypto empire has triggered a slide in cryptocurrency prices that wiped out some $183 billion of value from digital assets this month.
Bitcoin Holds Steady Over $16K Amid Widening FTX Fallout
Bitcoin has been trading flat this week, even as more companies admit exposure to crypto exchange FTX, which has filed for Chapter 11 bankruptcy protection.
US Senators Warren, Durbin Probe FTX Collapse
The Democratic senators sent letters to both FTX’s current and former CEO demanding answers about what went wrong at the bankrupt exchange – which they say “appears to be an appalling case of greed and deception.”
New FTX Boss Condemns Management of the Crypto Exchange During Sam Bankman-Fried's Tenure
The company concealed the misuse of corporate funds, including buying property in the Bahamas for staff, John Ray said.
