FTX Collapse

FTX Collapse

Politiche

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 own funds.

The U.S. Commodity Futures Trading Commission would be granted far-reaching authority over crypto trading and regulation in a new Senate bill. (Jesse Hamilton/CoinDesk)

Consensus Magazine

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)

Consensus Magazine

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.

Politiche

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

Finanza

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)

Opinioni

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)

Mercati

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)

Mercati

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)