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…
FTX Assets Still Missing as Firm Begins Bankruptcy Process
Inside a Crypto Nemesis’ Campaign to Rein In the Industry
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. Story Published at: November 21, 2022 at 08:00AM Continue Reading…
The Week in Business: FTX’s Collapse
The turmoil at Twitter continues. The holiday shopping season officially begins, although retailers have already been running sales. And the Fed releases the minutes from its last meeting. Story Published at: November 20, 2022 at 12:00PM Continue Reading…
It Was a Bad Week for Billionaires With Delusions of Saving the World
Musk, Bezos, Bankman-Fried, Trump: some of our most prominent billionaires laid waste to their carefully cultivated image as benevolent saviors. Story Published at: November 19, 2022 at 02:23PM Continue Reading…
Wall St. Brokers Look to Buy Rights to Assets Trapped on FTX
Customers could be offered pennies on the dollar for what they lost when the crypto exchange filed for bankruptcy last week. Story Published at: November 19, 2022 at 12:51AM Continue Reading…
Twitter’s Nest Gets a Little Emptier
Hundreds of workers decided to leave the troubled social network, after Elon Musk demanded employees commit to a new “hard core” work environment. Story Published at: November 18, 2022 at 12:47PM Continue Reading…
How FTX’s Sister Firm Brought the Crypto Exchange Down
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. Story Published at: November 18, 2022 at 10:00AM Continue Reading…
A Hard Fork in the Road: FTX’s Unraveling and Elon’s Loyalty Oath
Sam Bankman-Fried’s DMs go public, and Congress announces an investigation. Tech’s nightmare November continues. Story Published at: November 18, 2022 at 10:00AM Continue Reading…
Is This the End Game for Crypto?
What’s the point of reinventing banks, only worse? Story Published at: November 18, 2022 at 12:00AM Continue Reading…
New Chief Calls FTX’s Corporate Control a ‘Complete Failure’
“This situation is unprecedented,” said John J. Ray III, who helped manage Enron after its collapse in an accounting fraud scandal in 2001. Story Published at: November 17, 2022 at 01:38PM Continue Reading…