Many small investors who piled into cryptocurrencies on FTX, BlockFi and other platforms are recognizing the perils of investing in an unregulated industry. Story Published at: December 5, 2022 at 06:33PM Continue Reading…
Ordinary Investors Who Jumped Into Crypto Are Saying: Now What?
Oil Climbs as Western Nations Single Out Russia
Energy traders pushed crude prices higher on Monday following Europe’s embargo of seaborne Russian crude and a price cap by Group of 7 nations went into effect. Story Published at: December 5, 2022 at 12:35PM Continue Reading…
What We Learned From Sam Bankman-Fried, Mark Zuckerberg, Reed Hastings and More
Crypto, the economy, China, streaming wars, Elon Musk and other big topics dominated this year’s DealBook Summit. Story Published at: December 1, 2022 at 04:47PM Continue Reading…
Transcript of Sam Bankman-Fried’s Interview at the DealBook Summit
In a discussion with Andrew Ross Sorkin of The New York Times, Sam Bankman-Fried blamed “huge management failures” and sloppy accounting for the collapse of the FTX cryptocurrency exchange. Story Published at: December 1, 2022 at 06:30AM Continue Reading…
Sam Bankman-Fried’s Phone Call to His Parents: ‘There Might Be a Liquidity Issue’
The onetime crypto mogul also says he’s running out of funds, holed up in the Bahamas. Story Published at: December 1, 2022 at 12:22AM Continue Reading…
Sam Bankman-Fried Blames ‘Huge Management Failures’ for FTX Collapse
Mr. Bankman-Fried spoke at The New York Times’ DealBook conference, in his first public appearance since his crypto exchange imploded. Story Published at: November 30, 2022 at 11:44PM Continue Reading…
FTX’s Sister Firm, Alameda Research, Was Central to Collapse
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. Story Published at: November 30, 2022 at 10:08PM Continue Reading…
‘No Cooperation’: How Sam Bankman-Fried Tried to Cling to FTX
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. Story Published at: November 29, 2022 at 10:00AM Continue Reading…
She Was a Little-Known Crypto Trader. Then FTX Collapsed.
Caroline Ellison, who ran the cryptocurrency trading firm Alameda Research, has found herself at the center of Sam Bankman-Fried’s collapsed crypto empire. Story Published at: November 23, 2022 at 07:23PM Continue Reading…
FTX Assets Still Missing as Firm Begins Bankruptcy Process
A substantial amount of the company’s assets are missing, an FTX lawyer told a bankruptcy judge on Tuesday. Story Published at: November 22, 2022 at 05:42PM Continue Reading…