Venture capital firms and investment funds showered the failed crypto exchange and its founder with money. There were few strings attached. Story Published at: November 11, 2022 at 07:39PM Continue Reading…
Investors Who Put $2 Billion Into FTX Face Scrutiny, Too
Embattled Crypto Exchange FTX Files for Bankruptcy
The announcement capped a stunning week that has sent shock waves through the crypto industry. Story Published at: November 11, 2022 at 02:33PM Continue Reading…
Regulators Begin Cracking Down on FTX
Authorities worldwide are intensifying their scrutiny of the embattled cryptocurrency exchange, amid concern about improper use of customer money. Story Published at: November 11, 2022 at 01:40PM Continue Reading…
A Verified Mess: Turmoil From Twitter to FTX
Plus: Is the latest round of tech layoffs a sign of impending doom, or a much-needed structural correction? Story Published at: November 11, 2022 at 10:00AM Continue Reading…
FTX Spent Big on Sports Sponsorships. What Happens Now?
The cryptocurrency exchange’s sudden collapse puts deals with teams, leagues and counties worth hundreds of millions of dollars in doubt. Story Published at: November 11, 2022 at 12:29AM Continue Reading…
A Reckoning Awaits FTX
After a rescue deal collapsed, the cryptocurrency exchange is scrambling for a lifeline, as investors and customers prepare to fight for their money. Story Published at: November 10, 2022 at 12:57PM Continue Reading…
Fall of a Crypto Titan Puts an Industry on Edge
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. Story Published at: November 9, 2022 at 07:44PM Continue Reading…
A New Push for Business to Help Pay for Climate-Change Solutions
As global leaders gather at COP27, efforts are reportedly underway to have companies help shoulder the financial burden. Story Published at: November 7, 2022 at 01:01PM Continue Reading…
The Humbling of Coinbase
In just over a year, the United States’ largest cryptocurrency exchange went from a triumphant public offering to a “crypto winter” of cost cutting and layoffs. Story Published at: August 5, 2022 at 05:28PM Continue Reading…