In just three years, the FTX co-founder built a massive operation to woo politicians, regulators and nonprofits to support his crypto goals.
Category: HK FTX Trading Ltd (Futures Exchange)
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Genesis, the Troubled Crypto Lender, Hires a Restructuring Adviser
The New York Times – Business:The firm has been under pressure from its creditors since the crypto exchange FTX began to unravel this month.
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FTX Assets Still Missing as Firm Begins Bankruptcy Process
The New York Times – Business:A substantial amount of the company’s assets are missing, an FTX lawyer told a bankruptcy judge on Tuesday.
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Inside Gary Gensler’s SEC Campaign to Rein In the Crypto Industry
The New York Times – Business:Gary Gensler, the chair of the S.E.C., is at the center of a reckoning over the future of cryptocurrency after the implosion of FTX.
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The Week in Business: FTX’s Collapse
The New York Times – Business:The turmoil at Twitter continues. The holiday shopping season officially begins, although retailers have already been running sales. And the Fed releases the minutes from its last meeting.
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Wall St. Brokers Look to Buy Rights to Assets Trapped on FTX
The New York Times – Business:Customers could be offered pennies on the dollar for what they lost when the crypto exchange filed for bankruptcy last week.
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Hundreds of Twitter Workers Quit as Musk Demands Loyalty
The New York Times – Business:Hundreds of workers decided to leave the troubled social network, after Elon Musk demanded employees commit to a new “hard core” work environment.
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How Alameda, FTX’s Sister Firm, Brought the Crypto Exchange Down
The New York Times – Business:Alameda Research was Sam Bankman-Fried’s first company. He built FTX partly to help Alameda’s trading business. Then things got out of control.
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New FTX CEO Calls the Crypto Exchange’s Corporate Control a ‘Complete Failure’
The New York Times – Business:“This situation is unprecedented,” said John J. Ray III, who helped manage Enron after its collapse in an accounting fraud scandal in 2001.
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Big Donors like Steve Schwarzman Back Away From Donald Trump
The New York Times – Business:Deep-pocketed conservatives, including Stephen A. Schwarzman and Kenneth C. Griffin, said they plan to back alternatives to the former president.
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FTX’s In-House Performance Coach Is Just as Surprised as You Are
The New York Times – Business:George K. Lerner, a psychiatrist who has worked at the collapsed crypto exchange FTX since last year, said he had no knowledge of wrongdoing at the firm.