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.
Category: Virtual Currency
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The Crypto Industry Struggles for a Way Forward After FTX Collapse
The New York Times – Business: -
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.
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Sam Bankman-Fried Blames ‘Huge Management Failures’ for FTX Collapse
The New York Times – Business:Mr. Bankman-Fried spoke at The New York Times’s DealBook conference, in his first public appearance since his crypto exchange imploded.
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What Is The Relationship Between Almeda Research and FTX?
The New York Times – Business:The relationship between Alameda and FTX — and how the two propped each other up — is coming under scrutiny as prosecutors and regulators investigate the exchange’s collapse.
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Watch a Live Interview With Sam Bankman-Fried.
The New York Times – Business:Register for a free live interview on Nov. 30 with Mr. Bankman-Fried, the former chief executive of the failed crypto exchange FTX, by Andrew Ross Sorkin.
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‘No Cooperation’: How Sam Bankman-Fried Tried to Cling to FTX
The New York Times – Business:Emails and text messages show how lawyers and executives struggled to persuade the 30-year-old entrepreneur to give up control of his collapsing crypto exchange.
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The Latest on the FTX Crisis
The New York Times – Business:The collapse of FTX, one of the world’s largest cryptocurrency companies, is still sending shock waves through the crypto world.
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BlockFi Files for Bankruptcy as FTX Fallout Spreads
The New York Times – Business:BlockFi was financially entangled with FTX, and its stability was thrust into uncertainty after FTX collapsed.
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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.