Small Investors Who Jumped Into Crypto on FTX Say, Now What?
Posted inAdvertising and Marketing Banking and Financial Institutions Bankman-Fried, Sam Bankruptcies BlockFi Inc HK FTX Trading Ltd (Futures Exchange) Personal Finances Regulation and Deregulation of Industry Shutdowns (Institutional) Suits and Litigation (Civil) United States Virtual Currency

Small Investors Who Jumped Into Crypto on FTX Say, Now What?

Many small investors who piled into cryptocurrencies on FTX, BlockFi and other platforms are recognizing the perils of investing in an unregulated industry.
The Crypto Industry Struggles for a Way Forward After FTX Collapse
Posted inBanking and Financial Institutions Bankman-Fried, Sam Bankruptcies Binance Bitcoin (Currency) Coinbase Inc Computers and the Internet Gensler, Gary S HK FTX Trading Ltd (Futures Exchange) Regulation and Deregulation of Industry Virtual Currency

The Crypto Industry Struggles for a Way Forward After FTX Collapse

The implosion of the exchange FTX shows how an industry built in the wake of the 2008 financial crisis has drifted far from its original ideals.
Sam Bankman-Fried Interview: Read the Transcript
Posted inBanking and Financial Institutions Bankman-Fried, Sam Bankruptcies Bitcoin (Currency) Bitfinex Committee on Foreign Investment in the United States (CFIUS) Compensation for Damages (Law) Credit and Debt Frauds and Swindling Futures and Options Trading High Net Worth Individuals HK FTX Trading Ltd (Futures Exchange) New York Times News and News Media Ponzi and Pyramid Schemes Regulation and Deregulation of Industry Sorkin, Andrew Ross Stocks and Bonds Suits and Litigation (Civil) United States Venture Capital Virtual Currency

Sam Bankman-Fried Interview: Read the Transcript

In a discussion with Andrew Ross Sorkin of The New York Times, Sam Bankman-Fried blamed “huge management failures” and sloppy accounting for the collapse of the FTX cryptocurrency exchange.