A group chat including crypto leaders shows Binance’s Changpeng Zhao accusing FTX’s Sam Bankman-Fried of orchestrating trades to destabilize the industry. Story Published at: December 9, 2022 at 06:04AM Continue Reading…
Inside the Frantic Texts Exchanged by Crypto Executives as FTX Collapsed
FTX Founder Sam Bankman-Fried Faces Market Manipulation Inquiry
Federal prosecutors are investigating whether Sam Bankman-Fried and his hedge fund orchestrated trades in a way that led to the collapse of two cryptocurrencies in May. Story Published at: December 8, 2022 at 12:24AM Continue Reading…
Warnock’s Narrow Victory Over Walker in Georgia
Positive and negative takeaways from the close runoff. Also: Donald Trump’s very bad day; the crypto illusion; breastfeeding; food and our values. Story Published at: December 7, 2022 at 05:41PM Continue Reading…
Ordinary Investors Who Jumped Into Crypto Are Saying: Now What?
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…
The Crypto Industry Struggles for a Way Forward
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 Crowd Holds a Glittery Awards Night, Despite Fiascoes
The Crypties was intended as a gala evening in Miami to celebrate the currencies of the future. It turned out to be more of a roast. Story Published at: December 2, 2022 at 01:38AM 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 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…