The Latest Breaking News from FTX

Prices will continue to fall. I'm getting ready. I fastened my seat belt. I don't know if that will be enough.

FTX could close its U.S. operations within days, the group warned late Thursday, as it scrambles to find around $9 billion to save the collapsing crypto-trading empire of Sam Bankman-Fried.

The sudden fall of FTX, the cryptocurrency exchange, on November 8, sounded like an explosion in the crypto industry.

Reuters

Stocks rose for a second day after their biggest gain in two-and-a-half years Friday as traders pare bets on big Fed rate hikes and China eases a portion of its strict Covid policies.

The crypto industry has been shaken by an unprecedented crisis, which has struck down one of the most influential players.

Mercedes has suspended its Formula 1 sponsorship deal with crisis-hit crypto exchange FTX, meaning the company’s logos will be removed from the team's cars from the Brazilian Grand Prix.

SBF’s entities had their hands in everything, from stablecoin issuer Circle to investment firm SkyBridge Capital. What happens to those now?

There is nothing much holding crypto up except the belief it eventually will go higher.

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Founder Sam Bankman-Fried races to find funds to fill multibillion-dollar hole in exchange