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The Latest Breaking News on FTX claims Bybit, one of world’s largest crypto exchanges, used VIP status to pull hundreds of millions of dollars during collapse

Cryptos sag as funds drained from FTX switch out of ether

SINGAPORE: Cryptocurrency prices struggled Monday in the ongoing crisis sparked by the downfall of Sam Bankman-Fried’s once powerful FTX empire

Bangkok Post

FTX Collapse: 50 Creditors Seeking $3 Billion

The top 10 creditors of bankrupt FTX said they are owed $1.45 billion.

The Street

Why FTX Is Lehman Brothers of Crypto

The cryptocurrency exchange imploded within a few days, causing a financial earthquake whose consequences have yet to be determined.

The Street

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FTX Collapse: Elon Musk Takes on a Silicon Valley Powerhouse

Tesla CEO believes big investors have some responsibility for the FTX debacle.

The Street

Scammers are targeting desperate FTX customers by pretending to be the DOJ and promising access to funds

Police warned Saturday about a website pretending to help desperate FTX users recover their funds.

Fortune

The FTX crash could be the start of a 'gold rush' for crypto lawyers

Lawyers with specialties in digital assets are giving way to experts in restructuring. “There's going to be a lot of work.”

Fortune

FTX Collapse Hits Justin Bieber, Michael Jordan and Coachella

Bieber and Jordan invested in non-fungible tokens (NFTs), whose fall in value was accelerated by the bankruptcy of FTX.

The Street

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FTX Collapse Hits Justin Bieber and Coachella

Bieber invested in non-fungible tokens (NFTs), whose fall in value was accelerated by the bankruptcy of FTX.

The Street

How FTX's own token was the final nail in its coffin

“In the current crypto atmosphere, investors are right to ask questions of exchanges that have tokens, because they don't know what the exchange is doing behind the scenes,” Bitwise CIO Matt Hougan told Fortune.

Fortune

Tech venture capital fueled FTX’s rise—and bears some responsibility for its downfall

Mounting evidence shows VC firms ignored major warning signs and failed to take basic risk-mitigation steps.

Fortune

FTX Collapse: A Bankman-Fried Token Is Still At Large

FTT has certainly fallen since the bankruptcy of its main sponsor FTX, but its market value remains above $510 million.

The Street

Binance's CZ calls alleged FTX fraudster SBF a 'psychopath' over tell-all threat

Changpeng Zhao, who suspects FTX of leaking information that endangered his children, had set in motion the events that sank FTX last week and wiped out all of his rival's wealth.

Fortune

Leaked FTX documents offer clues as to why VCs may have ignored due diligence

Staggering growth and FOMO whetted the appetite of venture capitalists, as evidenced by early SBF pitch files.

Fortune

A prominent investor once advised Sam Bankman-Fried’s FTX to form a board

The crypto exchange FTX, once valued at $26 billion, was operating without a real board. Its downfall could lead to renewed pressure for private companies to have independent directors.

Fortune

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Salon

FTX collapse a warning to crypto bros

Crypto exchange FTX was valued at more than $30 billion just weeks ago. Now it's in bankruptcy proceedings

Fortune

Kraken's incoming CEO labels FTX and SBF as 'thieves,' says acquisition rumors unfounded

“I think, what it boils down to from all the information we have [and] this bankruptcy report that has now been released is that FTX and SBF are complete frauds—not just frauds, but thieves,” David Ripley, incoming CEO at Kraken, tells Fortune.

Fortune

'We didn't even notice': Binance CEO CZ on alleged FTX battle

Changpeng Zhao also said in a Thursday interview he hopes the blame for FTX’s failure falls squarely on SBF.

Fortune

Tech venture capital fueled FTX’s rise—and bears some responsibility for its downfall

Mounting evidence shows VC firms ignored major warning signs and failed to take basic risk-mitigation steps.

Get all your
news in one place.

100’s of premium titles.
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Newsroom.co.nz

How a huge cryptocurrency exchange failed

The convoluted story of two intertwined companies which brought the value of cryptocurrencies to their knees.

AFP

FTX had 'complete failure' of controls, new CEO says

New York (AFP) - Collapsed cryptocurrency exchange FTX suffered a "complete failure of corporate controls" under founder Sam Bankman-Fried, the company's new chief executive said Thursday, calling the situation "unprecedented."

Investors Business Daily

New CEO Slams Bankman-Fried As FTX Bankruptcy Impact Spreads

New FTX CEO slams Sam Bankman-Fried for "complete absence of trustworthy financial information" as more crypto firms report liquidity issues

The Street

Incompetent or Crook? FTX's Bankman-Fried Creates Confusion

The founder and former CEO of the cryptocurrency exchange FTX tries to explain what precipitated the downfall of his empire.

The Street

FTX Employees Used Company Funds to Buy Homes in the Bahamas

There were no expense controls for employees whose expenses were approved by chat with personalized emojis, according to the new CEO.

The Guardian - US

New FTX boss, who worked on Enron bankruptcy, condemns ‘unprecedented failure’

US corporate restructuring expert John Ray says ‘never in my career have I seen such a complete failure of corporate controls’

The Street

FTX Collapse: Founder and Co Used Company's Money to Buy Homes in the Bahamas

There were no expense controls for employees whose expenses were approved by chat with personalized emojis, according to the new CEO.

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