FTX


Opinion

The FTX Collapse Looks an Awful Lot Like Enron

Alameda and FTX were built on false asset values driven by deceptive self-dealing. So was America's most notorious corporate fraud.

Enron founder and longtime CEO Kenneth Lay, in a mugshot taken July 2004. Lay was convicted of fraud in 2006, but died before being sentenced. (Photo courtesy Bureau of Prisons/Getty Images)

Videos

Sam Bankman-Fried's Tweeting Habit Is Not Something You Want Clients Doing: Attorney

Former FTX CEO Sam Bankman-Fried is still active on Twitter despite intense scrutiny in the wake of FTX filing for bankruptcy. "I am sure that his lawyers and all the lawyers involved in this case are apoplectic right now," said former SEC Enforcement Branch Chief and Bragança Law Attorney Lisa Bragança.

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Videos

Genesis’ Crypto-Lending Unit Pauses Customer Withdrawals Amid FTX Collapse

The lending arm of crypto investment bank Genesis Global Trading is temporarily suspending redemptions and new loan originations in the wake of FTX’s collapse, Interim CEO Derar Islim told customers on a call Wednesday. Genesis owner Digital Currency Group is also the parent company of CoinDesk. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De weighs in.

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Videos

What FTX's Collapse Means for Coinbase

Shares of Coinbase skyrocketed over the past week since rival crypto exchange FTX filed for bankruptcy. Cathie Wood's ARK Investment Management ETF bought 238,000 more shares worth roughly $12.1 million. Oppenheimer Senior Analyst Owen Lau discusses the FTX collapse and whether it could be a positive development for Coinbase.

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Videos

FTX Implosion: Potential Legal Ramifications for Sam Bankman-Fried

FTX Digital Markets, the Bahamas arm of the now-defunct crypto exchange, has filed for Chapter 15 bankruptcy proceedings in the Southern District of New York. Lisa Bragança, former SEC enforcement branch chief and managing partner at Bragança Law, discusses the potential legal outcomes for ex-CEO Sam Bankman-Fried and how this could shape future enforcement actions.

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Finance

Market Maker B2C2 Offers to Buy Loans From Genesis Crypto-Lending Unit

The lending arm of the crypto financial firm Genesis halted customer withdrawals earlier Wednesday, citing the impact of the collapse of FTX.

(Genesis Trading, modificado por CoinDesk)

Opinion

The End of the 'Centralization Era' in Crypto

Drawing a straight line from Mt. Gox to Voyager Digital, Celsius Network and now FTX shows how crypto's largest problems are often corporate failures.

Former FTX CEO Sam Bankman-Fried (Jesse Hamilton/CoinDesk)

Policy

Binance Denies Accusation From UK Lawmaker That It Deliberately Sank FTX

The exchange pointed to a CoinDesk article that set off a series of events that led to FTX's bankruptcy filing.

FTX CEO Sam Bankman-Fried and Binance CEO Changpeng "CZ" Zhao (CoinDesk)

Policy

Top House Committee to Hold Hearing Into FTX Collapse

The House Financial Services Committee plans to hear from FTX and related entities during a hearing next month.

Rep. Patrick McHenry (left) and Rep. Maxine Waters (Alex Wong/Getty Images)