Category: Virtual Currency

FTX’s Collapse Casts a Pall on ‘Effective Altruism’ Movement

The New York Times – Business:
Sam Bankman-Fried, the chief executive of the embattled cryptocurrency exchange, was a proponent and donor of the “effective altruism” movement.
FTX Investigating Possible Hack Hours After Bankruptcy Filing

The New York Times – Business:
Researchers document $473 million in suspicious transfers from the cryptocurrency exchange.
FTX’s founder was called a modern-day J.P. Morgan. The analogy still works.

The New York Times – Business:
Though one of them failed and the other died rich, both of their careers make the case for central banks.
Investors Who Put $2 Billion Into FTX Face Scrutiny, Too

The New York Times – Business:
Venture capital firms and investment funds showered the failed crypto exchange and its founder with money. There were few strings attached.
FTX Files for Bankruptcy As CEO Sam Bankman-Fried Resigns

The New York Times – Business:
The announcement capped a stunning week that has sent shock waves through the crypto industry.
The Crypto Ponzi Scheme Avenger

The New York Times – Business:
From his home in New Zealand, the YouTuber Danny de Hek assails what he calls a dangerous and deceptive scheme, one rant at a time.
FTX Spent Big on Sports Sponsorships. What Happens Now?

The New York Times – Business:
The cryptocurrency exchange’s sudden collapse puts deals with teams, leagues and counties worth hundreds of millions of dollars in doubt.
What Happened to FTX? Here’s What to Know.

The New York Times – Business:
Binance, the world’s largest cryptocurrency exchange, was set to bail out FTX. Then it pulled out of the deal.
FTX’s Sam Bankman-Fried Says He Is Trying to Raise More Money

The New York Times – Business:
Sam Bankman-Fried told employees that he wanted to reinforce his company’s finances after a collapse that is now drawing scrutiny from regulators.
FTX Crypto Exchange Boss Says He Is Trying to Raise More Money

The New York Times – Business:
Sam Bankman-Fried told employees that he was trying to reinforce his company’s finances days after it collapsed from a bank run.
Is This Crypto’s Lehman Moment?

The New York Times – Business:
Here’s how to make sense of the industry-shaking Binance-FTX deal.
The Fall of FTX’s Sam Bankman-Fried Puts Crypto Industry on Edge

The New York Times – Business:
The rapid collapse of the cryptocurrency exchange built by the billionaire Sam Bankman-Fried suggests that no company in the freewheeling, loosely regulated crypto industry is safe.