The Latest Breaking News from FTX

The bankruptcy of the cryptocurrency exchange will have long-lasting effects on the crypto industry.

With short-sellers extending bets on its demise, video game demand slumping and its recent partnership with FTX now in shreds, GameStop faces a tough road ahead.

Negotiations between singer-songwriter and Sam Bankman-Fried’s crypto group collapsed this spring

“Super sad to say I was a part of the layoffs today at GameStop,” one software engineer wrote on LinkedIn.

Following the FTX debacle, the crypto universe was hard hit. However, popular investor Cathie Wood keeps buying stocks from the crypto space despite the rising interest rates and recession risks. As investors access the macroeconomic risks, their risk-off approach will keep the cryptocurrency market under pressure. Therefore, it could be…

Binance CEO CZ is speaking out against SBF after FTX’s collapse and arguing he had nothing to do with his rival’s downfall.

“We’re getting really down to the nub of what we need to continue to function,” the company’s lawyer said during the court hearing.

“We've always heard really negative criticism about FTX’s involvement in the ecosystem and that concentration of ownership stake," Solana cofounder Raj Gokal told Fortune. "So, it feels like ripping the bandaid.”

The DeFi wallet has been at the center of a debate over decentralization.

The cryptocurrency business is losing more money to hackers, losses that have been overshadowed by the high-profile failures in the sector.

Bankman-Fried’s father—and his colleague—are reportedly consulting with the disgraced founder of the crypto exchange, who was raised on the prestigious university’s campus.