FTX039s
- Technology
FTX's leadership sues Sam Bankman-Fried, Gary Wang, and Nishad Singh, claiming they knew Alameda was insolvent when acquiring clearing platform Embed for ~$250M (Colin Wilhelm/The Block)
Colin Wilhelm / The Block: FTX’s leadership sues Sam Bankman-Fried, Gary Wang, and Nishad Singh, claiming they knew Alameda was…
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After China banned crypto in September 2021, FTX's creditor lists, citizens, and industry insiders suggest Chinese residents continue to trade digital assets (Bloomberg)
Bloomberg: After China banned crypto in September 2021, FTX’s creditor lists, citizens, and industry insiders suggest Chinese residents continue to…
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A look at the waning crypto hype in Africa, as consumer trust fades, startups shut down, and Web3 workers reconsider their careers after FTX's fallout (Damilare Dosunmu/Rest of World)
Damilare Dosunmu / Rest of World: A look at the waning crypto hype in Africa, as consumer trust fades, startups…
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A look at the impact of TerraUSD and FTX's collapse on the South Korean crypto industry, as Korean media reports the TerraUSD project had ~200,000 local victims (Emily Parker/CoinDesk)
Emily Parker / CoinDesk: A look at the impact of TerraUSD and FTX’s collapse on the South Korean crypto industry,…
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FTX's attorneys say the company recovered $7.3B in liquid assets and is considering using creditors' holdings to reopen the exchange; FTX's FTT token jumps 70%+ (Cheyenne Ligon/CoinDesk)
Cheyenne Ligon / CoinDesk: FTX’s attorneys say the company recovered $7.3B in liquid assets and is considering using creditors’ holdings…
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Binance plans to keep the $985M+ BUSD it moved from its industry recovery fund, launched in November 2022 amid FTX's collapse, in its corporate wallets (Leo Schwartz/Fortune)
Leo Schwartz / Fortune: Binance plans to keep the $985M+ BUSD it moved from its industry recovery fund, launched in…
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A presentation in FTX's Chapter 11 case shows the exchange has identified assets of ~$2.2B in FTX.com wallets and a ~$9.3B net borrowing by Alameda Research (Nelson Wang/CoinDesk)
Nelson Wang / CoinDesk: A presentation in FTX’s Chapter 11 case shows the exchange has identified assets of ~$2.2B in…
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Email: FTX's derivatives exchange LedgerX tells clients to send domestic wire transfers to Signature Bank instead of Silvergate Bank going forward (Bloomberg)
Bloomberg: Email: FTX’s derivatives exchange LedgerX tells clients to send domestic wire transfers to Signature Bank instead of Silvergate Bank…
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Inside FTX's final hours, described by employees, chat logs, and Sam Bankman-Fried: panic selling assets, trying to raise funds, SBF's silence, and bankruptcy (Financial Times)
Financial Times: Inside FTX’s final hours, described by employees, chat logs, and Sam Bankman-Fried: panic selling assets, trying to raise…
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A 116-page bankruptcy document details FTX's extensive list of creditors, including AWS, Apple, Meta, Binance, the WSJ, and the Prime Minister of the Bahamas (The Block)
The Block: A 116-page bankruptcy document details FTX’s extensive list of creditors, including AWS, Apple, Meta, Binance, the WSJ, and…
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