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…
Transcript of Sam Bankman-Fried’s Interview at the DealBook Summit
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…
Crypto Lender BlockFi Files for Bankruptcy as FTX Fallout Spreads
BlockFi was financially entangled with FTX, and its stability was thrust into uncertainty after FTX collapsed. Story Published at: November 28, 2022 at 03:23PM Continue Reading…
Idle Crypto Is the Devil’s Workshop
Sam Bankman-Fried’s downfall is spectacular and interesting, but it’s really nothing new. Story Published at: November 27, 2022 at 02:30PM Continue Reading…
Crypto Firm FTX’s Ownership of a U.S. Bank Raises Questions
Through a subsidiary, FTX invested $11.5 million in the parent company of Farmington State Bank, which has a single branch and, until this year, just three employees. Story Published at: November 23, 2022 at 08:03PM Continue Reading…
New York Enacts 2-Year Ban on Some Crypto-Mining Operations
National cryptocurrency industry groups had lobbied Gov. Kathy Hochul to veto the environmental ban, fearful that other states could follow New York’s lead. Story Published at: November 23, 2022 at 12:21AM Continue Reading…
Inside Sam Bankman-Fried’s Quest to Win Friends and Influence People
In just three years, the FTX co-founder built a massive operation to woo politicians, regulators and nonprofits to support his crypto goals. Story Published at: November 22, 2022 at 07:32PM Continue Reading…
What Stage of Capitalism Is Sam Bankman-Fried?
FTX’s $32 billion valuation was a fantasy, but nobody bothered to look at it closely. Story Published at: November 21, 2022 at 08:00PM Continue Reading…
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…
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…