FTX called itself an exchange. But it was vastly different from stock exchanges, which are highly regulated and barred from engaging in many of the activities FTX pursued.
Category: Virtual Currency
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A Traditional Exchange? FTX Was Anything But.
The New York Times – Business: -
Prosecutors Charge that FTX Was Engaged in Fraud from the Beginning
The New York Times – Business:A criminal indictment unsealed on Tuesday and a complaint by the S.E.C. describe years of wrongdoing in Sam Bankman-Fried’s crypto empire.
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Sam Bankman-Fried’s Parents Under Scrutiny in FTX Collapse
The New York Times – Business:The FTX founder Sam Bankman-Fried’s mother and father, who teach at Stanford Law School, are under scrutiny for their connections to their son’s crypto business.
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FTX’s Sam Bankman-Fried Arrested in the Bahamas, Officials Say
The New York Times – Business:A statement by the government of the Bahamas said Mr. Bankman-Fried was arrested after prosecutors in the United States filed criminal charges.
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In FTX Collapse, Binance Sees a Chance to Become the New Face of Crypto
The New York Times – Business:Sam Bankman-Fried and Changpeng Zhao were archrivals. With FTX gone, Binance, the world’s biggest crypto exchange, is trying to step into the void.
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Sam Bankman-Fried Agrees to Testify Before House Committee
The New York Times – Business:The FTX founder said on Twitter he would appear before a House committee next week, but was quiet about a similar request from a Senate committee.
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Inside the Frantic Texts Exchanged by Crypto Executives as FTX Collapsed
The New York Times – Business:A group chat including crypto leaders shows Binance’s Changpeng Zhao accusing FTX’s Sam Bankman-Fried of orchestrating trades to destabilize the industry.
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FTX Founder Sam Bankman-Fried Faces Market Manipulation Inquiry
The New York Times – Business:Federal prosecutors are investigating whether Sam Bankman-Fried and his hedge fund orchestrated trades in a way that led to the collapse of two cryptocurrencies in May.
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Small Investors Who Jumped Into Crypto on FTX Say, Now What?
The New York Times – Business:Many small investors who piled into cryptocurrencies on FTX, BlockFi and other platforms are recognizing the perils of investing in an unregulated industry.
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The Crypto Industry Struggles for a Way Forward After FTX Collapse
The New York Times – Business: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.
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How the Collapse of Sam Bankman-Fried’s Crypto Empire Has Disrupted A.I.
The New York Times – Business:Mr. Bankman-Fried and his colleagues spent more than $530 million to battle what they saw as the dangers of artificial intelligence. Now those efforts are reeling.