Tim Draper, founder and managing partner of Draper Associates and Draper University, balked at comparing the stunning implosion of crypto trading platform FTX to the notorious biotech startup Theranos, in Read more
Tag: ETHUSD
FTX bankruptcy: Tom Brady, Steph Curry set to lose big from company’s collapse
Former FTX CEO Sam Bankman-Fried lost his entire $16 billion fortune in just a few days after his company filed chapter 11 bankruptcy protection on Friday, but he’s not the Read more
‘Bedazzled by money’: Democratic ties to Sam Bankman-Fried under scrutiny after FTX collapse
Sam Bankman-Fried’s fall from grace has dealt an unprecedented blow to the crypto industry’s reputation — and some of this infamy may rub off on politicians who took his money, Read more
FTX’s fall explained: ‘This is the worst’ moment for crypto this year.
Hello, welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch. It has been an historic week for Read more
Sam Bankman-Fried takes blame for FTX liquidity issues: ‘I fucked up’
Crypto exchange FTX is undergoing significant liquidity issues, and CEO Sam Bankman-Fried “asked for help” from rival exchange Binance this week. Binance elected not to participate, and Bankman-Fried addressed the Read more
Investors fear potential FTX bankruptcy spilling over to reeling crypto, stock markets
Investors are concerned that a potential bankruptcy of FTX, once the world’s third largest digital asset exchange by trading volume, will spill over to the already battered crypto and stock Read more
Binance CEO in internal memo: ‘I had very little knowledge of the internal state of things at FTX’
“‘It was less than 24 hours ago that SBF called me. And before that, I had very little knowledge of the internal state of things at FTX.’” — Changpeng Zhao, Read more
‘Is there anything about crypto that is as it seems?’ FTX failure threatens industry’s reputation in D.C.
The failure of crypto exchange FTX and a midterm U.S. election that saw the more regulation-friendly Democratic Party overperform expectations could spell trouble for a digital-asset industry that was hoping Read more
FTX’s Sam Bankman-Fried net worth: Crypto mogul’s wealth to drop by $13 billion
Sam Bankman-Fried, crypto billionaire and chief executive at digital asset exchange FTX, could see his net worth shrink by more than $13.6 billion if Binance’s proposed acquisition of FTX is Read more
Crypto companies shares closed sharply lower, as bitcoin fell briefly to a 2-year low
Crypto company shares and funds closed sharply lower on Tuesday as bitcoin dropped briefly to a two-year low, even though the three major U.S. equity indexes ended higher. Bitcoin BTCUSD, Read more