The answer as to whether the embattled FTX founder Sam Bankman-Fried will appear before two congressional committees next week is being played out on Twitter.In an early morning post on […]
Bankruptcies
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Back to news homeInside the Frantic Texts Exchanged by Crypto Executives as FTX Collapsed
The day before the embattled cryptocurrency exchange FTX filed for bankruptcy, Changpeng Zhao, the chief executive of the rival exchange Binance, sent an alarmed text to Sam Bankman-Fried, FTX’s founder.Mr. […]
FTX Founder Sam Bankman-Fried Faces Market Manipulation Inquiry
Federal prosecutors are investigating whether FTX’s founder, Sam Bankman-Fried, manipulated the market for two cryptocurrencies this past spring, leading to their collapse and creating a domino effect that eventually caused […]
Small Investors Who Jumped Into Crypto on FTX Say, Now What?
When BlockFi’s marketing materials and sales agents said his investment was safe and redeemable at any time, he took them at their word.The Aftermath of FTX’s DownfallThe sudden collapse of the […]
The Crypto Industry Struggles for a Way Forward After FTX Collapse
“For us, this is actually a great moment,” said Jeremy Allaire, the chief executive of the crypto payments company Circle. “We’re delivering real value, and the people who focused on […]
How the Collapse of Sam Bankman-Fried’s Crypto Empire Has Disrupted A.I.
SAN FRANCISCO — In April, a San Francisco artificial intelligence lab called Anthropic raised $580 million for research involving “A.I. safety.”Few in Silicon Valley had heard of the one-year-old lab, […]
Sam Bankman-Fried Blames ‘Huge Management Failures’ for FTX Collapse
On Wednesday, Treasury Secretary Janet L. Yellen called FTX’s collapse a “Lehman moment” for the cryptocurrency industry, referring to the bankruptcy of the Wall Street bank Lehman Brothers at the […]
‘No Cooperation’: How Sam Bankman-Fried Tried to Cling to FTX
“Sam this is an excellent pick and I wholeheartedly hope you sign this tonight,” Mr. Dexter wrote in an email on the evening of Nov. 10. “The faster John is […]
BlockFi Files for Bankruptcy as FTX Fallout Spreads
BlockFi, a cryptocurrency lender and financial services firm, filed for bankruptcy on Monday, becoming the latest company in the crypto industry hobbled by the implosion of the embattled exchange FTX.BlockFi […]
Caroline Ellison Was a Little-Known Crypto Trader. Then FTX Collapsed.
When his cryptocurrency exchange started teetering in early November, Sam Bankman-Fried went on Twitter to calm everyone down. FTX was fine, he insisted. Nothing to worry about. Joining him in […]