FTX


Opinion

The Downfall of Sam Bankman-Fried’s FTX: The Industry Reacts

Tech, market and regulatory experts weigh in on a possible Binance acquisition of what was once one of crypto’s most influential exchanges.

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

Markets

Alameda, In Eye of Crypto Storm, Takes $37M of Wrapped Bitcoin Off FTX.US Exchange

The purpose of the token movements is unclear, and the amount likely a small portion of the overall firm's holdings, but the observation shows Alameda scrambling to arrange its finances – using the Ethereum blockchain.

Blockchain transaction data showing Alameda Research moving $37 million of wrapped bitcoin off the FTX.US crypto exchange. (Arkham intelligence)

Videos

Bitcoin Tumbles Below $17K Amid Worries Over FTX-Binance Deal

The fallout of crypto exchange giant FTX's liquidity concerns continues to rattle the crypto markets. Bitwise Chief Investment Officer Matt Hougan discusses his outlook for bitcoin (BTC) as the cryptocurrency falls below $17,000 to its lowest level in 23 months.

Recent Videos

Videos

$940M Bitcoin 'Longs' Liquidated in 48 Hours

Nearly $1 billion worth of bitcoin (BTC) in long positions on crypto exchanges were liquidated as markets fell on FTX contagion fears, according to Coinglass data. Total crypto market capitalization slid to $900 billion from over $1 trillion on Wednesday morning as traders reacted to speculation around prominent exchange FTX's liquidity issues. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

Recent Videos

Videos

Bitcoin Drops to 23-Month Low; Galaxy Digital Reveals $76.8M FTX Exposure

Bitcoin (BTC) dropped to a new 23-month low as crypto traders processed the news that Binance might not buy rival FTX after all. Bloomberg reports U.S. securities and commodities regulators are probing whether FTX.com correctly managed client funds, despite statements by the ailing crypto exchange’s CEO, Sam Bankman-Fried, that all customer holdings were covered.

Recent Videos

Finance

Binance Walks Away From Deal to Acquire FTX

A spokesperson for the crypto exchange said FTX's issues "are beyond our control or ability to help."

(Danny Nelson/CoinDesk)

Finance

Why Is Crypto Tanking: The FTX-Binance Drama Explained

The world’s largest crypto exchange, Binance reversed course on a plan to bail out competitor FTX in an event that has shocked the crypto industry and is catching the attention of regulators.

The last two days have generated plenty of drama in the crypto world. (Anton Petrus/Getty Images)

Markets

Solana Blockchain Hit by FTX Tremors as Nearly $800M SOL Tokens Set to Be Unstaked

The scheduled-to-be-unlocked SOL tokens represent approximately 15% of its circulating supply.

(Danny Nelson/CoinDesk)