BlockFi was financially entangled with FTX, and its stability was thrust into uncertainty after FTX collapsed.
Category: Virtual Currency
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BlockFi Files for Bankruptcy as FTX Fallout Spreads
The New York Times – Business: -
Crypto Firm FTX’s Ownership of a U.S. Bank Raises Questions
The New York Times – Business:Through a subsidiary, FTX invested $11.5 million in the parent company of Farmington State Bank, which has a single branch and, until this year, just three employees.
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Caroline Ellison Was a Little-Known Crypto Trader. Then FTX Collapsed.
The New York Times – Business:Caroline Ellison, who ran the cryptocurrency trading firm Alameda Research, has found herself at the center of Sam Bankman-Fried’s collapsed crypto empire.
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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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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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FTX, Collapsed Crypto Exchange, Could Owe More Than 1 Million Creditors
The New York Times – Business:In a court filing on Monday, the cryptocurrency exchange said it was in touch with “dozens” of regulators across the world.
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How Sam Bankman-Fried’s FTX Crypto Empire Collapsed
The New York Times – Business:Mr. Bankman-Fried said in an interview that he had expanded too fast and failed to see warning signs. But he shared few details about his handling of FTX customers’ funds.