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Sam Bankman-Fried blames ‘huge management failures’ for FTX collapse

December 1, 2022 11:54:58 am

FTX has also come under scrutiny for how it spent money, including a $300 million outlay on real estate in the Bahamas.

Sam Bankman Fried

How Bankman-Fried tried to cling to FTX

November 30, 2022 6:12:49 pm

For days, Bankman-Fried ignored their warnings and clung to power, seemingly convinced that he could save FTX despite mounting evidence to the contrary.

Blockfi bankruptcy

Crypto lender BlockFi files for bankruptcy as FTX fallout spreads

November 29, 2022 1:34:59 pm

BlockFi marketed itself primarily to small investors, offering them loans backed by cryptocurrency in minutes without credit checks, as well as accounts that paid high interest on crypto deposits.

changpeng zhao binance

Binance to commit $1 billion for crypto recovery initiative

November 25, 2022 4:11:29 pm

The move comes at a time when the crypto market is teetering from the collapse of FTX.

FTX, FTX Sam Bankman-Fried, SBF, SBF fraud, SBF scam

FTX founder Sam Bankman-Fried to speak at New York Times DealBook summit

November 24, 2022 8:42:38 am

True to form, Bankman-Fried on Wednesday tweeted that he would in fact be speaking with New York Times’ Andrew Ross Sorkin at the summit in New York next week

FTX, FTX Scam, Sam Bankman-Fried, SBF, SBF scam, FTX cryptocurrency scam

FTX was run as ‘personal fiefdom,’ faces hacks, missing assets: Attorneys

November 23, 2022 2:34:54 pm

An attorney also said the firm had been run as a "personal fiefdom" of Bankman-Fried with $300 million spent on real estate such as homes and vacation properties for senior staff.

FTX, cryptocurrency,

FTX shows need to regulate crypto before it gets big, says Bank of England

November 21, 2022 4:02:22 pm

Currently, crypto firms in Britain only have to show they can put in place sufficient controls to stop money-laundering, though many firms have had licence applications rejected by UK regulators.

Sam Bankman-Fried, SBF, SBF FTX scam, SBF FTX fraud, FTX fraud

FTX owes its 50 biggest unsecured creditors more than $3 billion

November 21, 2022 9:47:18 am

FTX-linked entities owe their single biggest unsecured creditor more than $226 million, according to a redacted list of top 50 creditors filed late Saturday.

SBF, FTX, FTX scam, FTX scam details, Vitalik Buterin

Ethereum co-founder Vitalik Buterin says FTX saga offers lessons for crypto

November 21, 2022 9:20:07 am

The collapse of FTX contains lessons for all of crypto, according to Ethereum co-founder Vitalik Buterin. Buterin emphasised the stability of crypto’s so-called underlying technology, the blockchain

Sam-Bankman-Fried-1

SBF and FTX face criminal investigation: Here’s what has happened so far

November 18, 2022 6:42:12 pm

While no charges have been filed and no one’s been arrested, the US is looking to extradite SBF.

FTX, Binance, cryptocurrency, crypto,

FTX’s SBF begged for a rescue even as he revealed huge holes in firm’s books

November 16, 2022 5:18:03 pm

Reuters reported Bankman-Fried secretly used $10 billion in customer funds to prop up his trading business, for instance, and that at least $1 billion of those deposits had vanished.

FTX Crypto, Sam Bankman fried, FTX Crash

Collapsed Crypto Exchange FTX Could Owe More Than 1 Million Creditors

November 16, 2022 12:30:20 pm

Alameda is among more than 100 related corporate entities that joined FTX in the bankruptcy filing Friday.

FTX COLLAPSE 2(1)

How Sam Bankman-Fried’s Crypto Empire Collapsed

November 15, 2022 10:59:53 am

The empire built by Bankman-Fried collapsed last week after a run on deposits left his crypto exchange, FTX, with an $8 billion shortfall, forcing the firm to file for bankruptcy.

cryptocurrency

Crypto exchange AAX halts withdrawals, says FTX put ‘immense pressure’ on industry

November 14, 2022 4:47:17 pm

As the crypto world reels from the collapse of FTX, cryptocurrency exchange AAX has suspended withdrawals, citing a glitch in a system upgrade.

FTX Crypto, Sam Bankman fried, FTX Crash

Sam Bankman-Fried’s downfall sends shockwaves through crypto

November 14, 2022 3:08:18 pm

The ultimate impact of FTX’s bankruptcy is uncertain, but its failure will likely result in the destruction of billions of dollars of wealth and even more skepticism for cryptocurrencies at a time when the industry could use a vote of confidence.

FTX CEO Sam Bankman-Fried

Sam Bankman-Fried: 5 unknown facts about crypto’s fallen king

November 14, 2022 10:20:44 am

FTX has filed for bankruptcy and Sam Bankman-Fried's fall from grace has been swifter than his ascent to the top. Here are five things you might not have known about the young former billionaire.

Sam Bankman Fried

FTX’s founder was called a modern-day J.P. Morgan Sr. The analogy still works

November 14, 2022 1:24:23 pm

Sam Bankman-Fried, founder of the exchange known as FTX, was considered by many to be a safe bet that would tame the wilds of crypto, his industry’s white knight.

FTX co-founder Bankman-Fried’s assets plummet from $16 billion to zero in days

November 12, 2022 3:47:22 pm

In announcing it was filing for Chapter 11 bankruptcy, FTX said Friday in a statement that Bankman-Fried has resigned as chief executive officer and will be succeeded by John J. Ray III.

cryptocurrency news, ftx,

FTX looks for $9.4 bn in rescue funds, Bahamas freezes some assets

November 11, 2022 9:26:50 am

FTX has been buffeted by a rush of customer withdrawals. has discussed raising $1 billion each from Justin Sun, the founder of crypto token Tron, rival exchange OKX and stablecoin platform Tether

FTX | Binance

Behind FTX’s fall, battling billionaires and a failed bid to save crypto

November 10, 2022 12:56:06 pm

The seeds of FTX's downfall were sown months earlier, stemming from mistakes Bankman-Fried made after he stepped in to save other crypto firms as the crypto market collapsed amid rising interest rates.

kahlo, kahlo art,

Setting a Kahlo drawing aflame in search of an NFT spark

November 9, 2022 9:55:27 am

The destruction of “Fantasmones Siniestros” (“Sinister Ghosts”) was an example of the high-stakes brinkmanship common in the NFT market.

Flipkart | Flipverse | Flipkart Metaverse

Flipkart launches ‘Flipverse’ for virtual shopping in metaverse as part of Diwali sale

October 19, 2022 3:33:53 pm

Flipkart Metaverse Flipverse: Flipkart is launching a dedicated virtual shopping experience called ‘Flipverse’ as part of its Diwali sale. The pilot experience will be live on the company’s Android app starting today till the end of the week

mango markets featured

Massive crypto hack drains Mango Markets trading platform of $100 million

October 13, 2022 5:28:22 pm

Mango Markets says that it's currently investigating the incident where a hacker was able to extract funds.

bored ape nft

Bored Ape Yacht Club NFT creator Yuga Labs comes under US SEC investigation

October 13, 2022 8:25:01 am

The US SEC is checking whether some of Yuga’s NFTs are closer to stocks

OECD global framework in place, India to focus on crypto asset regulations

October 12, 2022 1:25:01 pm

In the Union Budget, even though the government brought in a tax for cryptocurrencies, it did not proceed ahead with framing any further regulations for it despite the Reserve Bank of India having earlier proposed a ban on it that was subsequently set aside by a court order.

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