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 […]
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Back to news homeCaroline 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 […]
How Alameda, FTX’s Sister Firm, Brought the Crypto Exchange Down
In late 2017, Sam Bankman-Fried, then 25 years old, co-founded Alameda Research, a small trading firm that marked the beginning of his cryptocurrency empire.Now the relationship between Alameda and his […]
How 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 […]
British Soccer, Brought to You by American Crypto Optimism
The Crawley investment is also an act of reputational cleansing. The great crypto crash of 2022 was partly a failure of ambition, as companies that had overextended themselves, convinced that […]