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. Story Published at: December 5, 2022 at 10:00AM Continue Reading…
The Crypto Industry Struggles for a Way Forward
Has Bob Iger Brokered a Truce With Florida?
Florida lawmakers are reportedly working to resolve their political fight with Disney, just days after Mr. Iger returned as the entertainment giant’s chief executive. Story Published at: December 2, 2022 at 01:46PM Continue Reading…
Blockchains, What Are They Good For?
Growing evidence says, absolutely nothing. Story Published at: December 2, 2022 at 12:00AM 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…
How the Collapse of Sam Bankman-Fried’s Crypto Empire Has Disrupted A.I.
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. Story Published at: December 1, 2022 at 10:00AM 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…
‘I’ve Had a Bad Month,’ Sam Bankman-Fried Says
Sam Bankman-Fried, the founder of the crypto-exchange FTX, says that he is not focusing on any possible criminal liability and is trying to help FTX’s stakeholders. Story Published at: November 30, 2022 at 11:21PM Continue Reading…