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CoinDesk Broke Big News About FTX. Now the News Is Closer to Home.



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On Nov. 2, the cryptocurrency exchange FTX was worth tens of billions of dollars. Its chief executive, Sam Bankman-Fried, was a billionaire and one of the most prominent people in the crypto world.But that morning, CoinDesk, an online publication that covers cryptocurrencies, published a scoop suggesting that FTX’s sister company, Alameda Research, was on a shaky financial foundation. A cascade of problems for FTX and Mr. Bankman-Fried followed: A little over a week after the scoop, FTX and Alameda filed for bankruptcy. Mr. Bankman-Fried now faces federal fraud charges.The article, by Ian Allison, raised the profile and readership for CoinDesk, one in a sea of publications that started up over the past decade to cover cryptocurrencies. Many of the publications have been accused of fawning over the industry, particularly as it shot to new heights in 2 …

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