FTX, the unraveling cryptocurrency exchange, has plummeted from its high-profile perch into bankruptcy court. On Friday morning, FTX and related entities including Alameda Research, the affiliated crypto trading firm, filed Read more
Tag: currency markets
FTX files for bankruptcy. Here’s everything you should know
FTX, once the world’s third-largest crypto exchange, filed for voluntary Chapter 11 bankruptcy in a Delaware court on Friday. Once one of the most prominent players in the industry, FTX’s Read more
‘I have never before seen a CEO take responsibility as he does’: investor Bill Ackman comments on Sam Bankman-Fried in now-deleted Tweet
Bill Ackman, famous hedge fund billionaire investor, defended former chief executive of crypto exchange FTX Sam Bankman Fried’s leadership in a now deleted Tweet on Thursday. “You have to give Read more
‘A lot of people have compared this to Lehman. I would compare it to Enron’: Larry Summers comments on FTX bankruptcy
Former U.S. Treasury Secretary Larry Summers is likening the collapse of troubled cryptocurrency exchange FTX to the meltdown that engulfed Houston-based energy company Enron two decades ago. In an interview Read more
You need to understand the FTX debacle even if you have no investments in crypto
The sudden collapse of FTX, the world’s third-largest cryptocurrency exchange, underlines how important it is for any investor to learn about the risks taken when money is parked with a Read more
FTX’s Sam Bankman-Fried: ‘I was shocked to see things unravel the way they did’
Sam Bankman-Fried, co-founder at crypto exchange FTX, tweeted Friday that he was “shocked to see things unravel the way they did,” after he quit as chief executive and the company Read more
‘I was shocked to see things unravel the way they did’: FTX’s Sam Bankman-Fried
Sam Bankman-Fried, co-founder at crypto exchange FTX, tweeted Friday that he was “shocked to see things unravel the way they did,” after he quit as chief executive and the company Read more
Bitcoin falls to 2-year low, other cryptos down after market reacts to FTX bankruptcy news
FTX, the crypto exchange, filed for voluntary Chapter 11 bankruptcy in a Delaware court on Friday, and chief executive Sam Bankman-Fried has resigned. Following the news, here is how prices Read more
Bitcoin falls to 2-year low, other cryptos down after market reacts to FTX bankruptcy news
FTX, the crypto exchange, filed for voluntary Chapter 11 bankruptcy in a Delaware court on Friday, and chief executive Sam Bankman-Fried has resigned. Following the news, here is how prices Read more
Scaramucci on FTX: I am ‘very disappointed’ and ‘don’t understand the motivation’
Anthony Scaramucci, founder and managing partner of alternative investment firm SkyBridge, said the firm is working to buy back a 30% stake it sold in September to crypto exchange FTX, Read more