Emails and text messages show how lawyers and executives struggled to persuade the 30-year-old entrepreneur to give up control of his collapsing crypto exchange. Story Published at: November 29, 2022 at 10:00AM Continue Reading…
‘No Cooperation’: How Sam Bankman-Fried Tried to Cling to FTX
Here’s the Latest on the FTX Collapse
The collapse of FTX, one of the world’s largest cryptocurrency companies, is still sending shock waves through the crypto world. Story Published at: November 28, 2022 at 08:09PM Continue Reading…
U.S. Crypto Exchange Kraken Settles With Treasury Department
The crypto exchange, which had been under investigation for violating U.S. sanctions, agreed to pay $360,000 to settle the allegations. Story Published at: November 28, 2022 at 07:01PM 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…
She Was a Little-Known Crypto Trader. Then FTX Collapsed.
Caroline Ellison, who ran the cryptocurrency trading firm Alameda Research, has found herself at the center of Sam Bankman-Fried’s collapsed crypto empire. Story Published at: November 23, 2022 at 07:23PM 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…
Genesis, the Troubled Crypto Lender, Hires a Restructuring Adviser
The firm has been under pressure from its creditors since the crypto exchange F.T.X. began to unravel this month. Story Published at: November 22, 2022 at 07:33PM 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…