FTX


Finance

FTX Owes Its Largest Creditor $226M; Top 50 Owed Total of About $3.1B

A court document filed over the weekend doesn't name the creditors.

(Leon Neal/Getty Images)

Markets

First Mover Asia: Cryptos Dive Deep Into the Red

ALSO: Sam Reynolds writes that the crypto industry might be better off in the long run if some major initiatives wind down.

Market drop. (Getty Images)

Finance

Crypto Markets Are Suffering – but Is It Really ‘Contagion’?

Sure, this crypto credit contagion is bad, but it’s unlikely to spread to other markets.

(David McNew/Getty Images)

Tech

FTX Exploiter Converts Millions in Ether to Alameda-Linked Ren Bitcoin Tokens

In addition, the exploiter transferred thousands of ether to a brand-new wallet.

(Adam Levine/CoinDesk)

Opinion

Understanding the FTX Fallout From the Eyes of a Bitcoiner

The financialization, tokenization and the chase of short-term profits seen across Sam Bankman-Fried's trading empire is peak Wall Street.

(Saffu/Unsplash)

Finance

Crypto Fund Sino Global Had Deep Ties to FTX Beyond Equity Investment

A prominent Asia-based crypto investment firm, Sino invested many of the tokens hardest hit by the unraveling of Sam Bankman-Fried's FTX crypto empire, documents show. FTX was also a key partner on a big fund Sino raised with outside investors' capital.

Sino Global Capital founder Matthew Graham. (CoinDesk TV)

Web3

Decentraland DAO Considers Pausing Grants as FTX Collapse Spotlights Diversification

The metaverse platform’s DAO community treasury holds over 99% of its assets in MANA, Decentraland’s native cryptocurrency.

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Markets

Crypto Market Analysis: Roller-Coaster Week Ends With Bitcoin Volatility Falling

ALSO: This week’s Fed commentary provided something for doves, hawks and those in between. BTC and USD move in tandem.

BTC reverses course after an early decline. (Michele Tantussi/Getty Images)

Videos

FTX Collapse: Ontario Teachers' to Write Off FTX Stake; Genesis Block Reportedly Ceases Trading Services

Ontario Teachers' Pension Plan, one of Canada's largest pension funds with nearly $250 billion in assets under management (AUM), will write down the entirety of its $95 million investment in FTX after the troubled crypto exchange filed for bankruptcy protection. And Genesis Block will cease over-the-counter (OTC) trading services in wake of contagion risks from the now-bankrupt FTX exchange, according to a Reuters report. Genesis Block Trading is unrelated to Genesis Global Capital, which is owned by Digital Currency Group (DCG). DCG is also the parent company of CoinDesk.

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Videos

Bitcoin Trading Sideways Around $16K Amid FTX Gloom

CoinDesk Markets Managing Editor Brad Keoun and Tech Managing Editor Christie Harkin review the impact of crypto exchange FTX's implosion on bitcoin as the cryptocurrency continues to trade sideways around $16,000. Plus, what it reveals about the need for self custody and the state of the crypto industry.

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