FTX
FTX’s New CEO Condemns Sam Bankman-Fried’s Management of the Crypto Exchange
New FTX CEO John J. Ray III issued a scathing assessment of "unprecedented" poor management practices by his predecessor, Sam Bankman-Fried, in a series of filings in a Delaware court. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down the details.
Rebuilding Trust in Crypto After FTX Collapse
In the wake of FTX's fallout, "Crypto is Macro Now" Economist Noelle Acheson argues that the industry had a lot of singular trust in Sam Bankman-Fried despite being built on the principle of decentralization. Acheson joins "First Mover" to discuss what it will take for crypto to gain trust again and she reacts to Genesis' crypto lending arm pausing customer withdrawals.
Lessons Learned From FTX Implosion
CoinDesk Executive Director of Global Content Emily Parker shares insights into the state of the crypto industry in the wake of the collapse of crypto exchange FTX, discussing her new op-ed titled "No one is coming to save the crypto industry." How has crypto strayed away from the original ideal of bitcoin and what can we learn from this?
FTX Fallout: What Sectors Could Benefit?
Bitcoin (BTC) is trading steadily at the $16,000 level as inflation shows signs of easing. Opimas CEO and founder Octavio Marenzi joins “First Mover” to discuss whether bitcoin has hit bottom following FTX’s collapse and which players could benefit from the crypto exchange’s fallout.
Prominent Crypto Market Maker B2C2 Offers to Buy Loans From Genesis' Crypto-Lending Unit
Market maker B2C2 is offering to buy loans from the crypto-lending unit of Genesis, as it pauses redemptions and new loan originations in the wake of FTX’s collapse. Genesis is a sister company of CoinDesk. B2C2 founder Max Boonen discusses the offer, lessons learned, and outlook for the crypto markets as the FTX fallout continues to ripple across the industry.
Binance’s Lack of Transparency on FTX Bid Could Influence UK Lawmakers' Crypto Recommendations: Report
Treasury Committee member Alison Thewliss said Binance's submissions on its role in the collapse of rival crypto exchange FTX were not detailed enough.
‘Proof of Reserves’ Emerges as a Favored Way to Prevent Another FTX
Several exchanges, including Binance, have announced plans to use the auditing technique to reassure customers.
Bahamas May Have Directed 'Unauthorized' FTX Transactions, Filing Says
The exchange says it has credible evidence the Bahamas directed unauthorized access to its systems after it filed for bankruptcy in the U.S.
Post-FTX Meltdown, Regulation-Abiding Companies Can Restore Trust
Adhering to stringent guidelines is less flashy, but will ensure safety and reduce risk.
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.
