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Finance

Bankman-Fried’s Cabal of Roommates in the Bahamas Ran His Crypto Empire – and Dated. Other Employees Have Lots of Questions

“The whole operation was run by a gang of kids in the Bahamas,” a person familiar with the matter told CoinDesk on condition of anonymity.

El ex CEO de FTX, Sam Bankman-Fried. (Danny Nelson/CoinDesk)

Finance

Tether Freezes $46M of USDT Held by FTX Following Law-Enforcement Request

The stablecoin lost its $1 peg earlier on Thursday.

(CoinDesk)

Finance

Binance Is Strongly Leaning Toward Scrapping FTX Rescue Takeover After First Glance at Books: Source

Backing out would be one more stunning development in the collapse of Sam Bankman-Fried’s crypto empire.

Sam Bankman-Fried vs. CZ (CoinDesk)

Policy

Dubai Presses for Crypto Companies to Set Up Shop

Crypto firms say the city’s Virtual Assets Regulatory Authority has promised a regulatory framework before the end of the year.

Dubai (David Rodrigo/Unsplash)

Policy

Ex-House Speaker, Former Justice Official Join US Policy Crew Assembled by Paradigm

Former lawmakers and officials from both U.S. parties will join academic and political leaders in a new council meant to advise on crypto policy after the midterm elections.

U.S. Capitol Building (Jesse Hamilton/CoinDesk)

Finance

Crypto Firm Arca Closed Its Terra-Exposed Digital Yield Fund

The fund was shuttered on Aug. 31 with around $20 million in assets under management, the CEO confirmed.

Arca CEO Rayne Steinberg (CoinDesk archives)

Finance

Aptos CEO Defends 'Fair' Tokenomics That Prompted Community Backlash

Aptos CEO Mo Shaikh told CoinDesk the token distribution is much fairer than at other projects.

Mo Shaikh y Avery Ching, cofundadores de Aptos. (Aptos Labs)

Finance

India's Crypto, Web3 Industry Forms New Advocacy Body

A previous organization representing the industry was disbanded earlier this year.

Bangalore, Karnataka, India (Abdullah Ahmad/Unsplash)

Finance

Divisions in Sam Bankman-Fried’s Crypto Empire Blur on His Trading Titan Alameda’s Balance Sheet

Alameda had $14.6 billion of assets as of June 30, according to a private document CoinDesk reviewed. Much of it is the FTT token issued by FTX, another Bankman-Fried company.

FTX CEO Sam Bankman-Fried (Danny Nelson/CoinDesk)

Finance

Evmos, Connector of Cosmos and Ethereum Blockchains, Raises $27M in Token Sale

Polychain Capital led the funding raise to accelerate the cross-chain decentralized app platform

Evmos, a connector between the Cosmos and Ethereum blockchains, raised $27 million. (Billy Huynh/Unsplash)