Over the past week, Dr. Lerner has had a front-row seat to the implosion of Mr. Bankman-Fried’s empire. First, the dramatic collapse of FTX, which followed what was the equivalent […]
Bankman-Fried, Sam
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Back to news homeHow Sam Bankman-Fried’s FTX Crypto Empire Collapsed
“We won’t pretend to make love after divorce,” Mr. Zhao wrote on Twitter. “We won’t support people who lobby against other industry players behind their backs.”When FTX collapsed, Mr. Zhao […]
FTX Investigating Possible Hack Hours After Bankruptcy Filing
Hours after it filed for bankruptcy, the collapsed cryptocurrency exchange FTX said early on Saturday that it was investigating “unauthorized transactions” flowing from its accounts, as crypto researchers documented transfers […]
FTX Files for Bankruptcy As CEO Sam Bankman-Fried Resigns
The bankruptcy is a stunning fall from grace for the 30-year-old Mr. Bankman-Fried, who cultivated a reputation as a boy genius with a host of endearing quirks, including a habit […]
FTX’s Sam Bankman-Fried Says He Is Trying to Raise More Money
On Wednesday evening, Sequoia Capital, one of FTX’s largest backers, said it now considered its $213 million investment worthless in a letter to its own investors. The firm said FTX […]
Could FTX’s Collapse Signal Even Tougher Times for Crypto? Here’s What to Know.
Second, is crypto’s regulatory future in jeopardy? FTX, after all, was one of only a handful of U.S. crypto firms that had invested heavily in lobbying, and Mr. Bankman-Fried was […]
Binance to Buy FTX in Megadeal of Crypto Exchanges
Binance, the world’s largest cryptocurrency exchange, said on Tuesday that it had reached a deal to buy one of its biggest competitors, FTX, as fears swirled that the crypto industry […]
How a Scottish Moral Philosopher Got Elon Musk’s Number
In a few short years, effective altruism has become the giving philosophy for many Silicon Valley programmers, hedge funders and even tech billionaires. Read More
The Humbling of Coinbase
The bloat was especially severe on Coinbase’s customer-service team. New staff members often felt as if they didn’t have enough to do. “I got maybe four phone calls a day […]
Sam Bankman-Fried, Crypto Billionaire, Wants Washington to Follow His Lead
Mr. Bankman-Fried spent much of Crypto Bahamas shuttling back and forth from his laptop to the convention stage. Even his mother, Barbara Fried, had trouble getting time alone with him: […]