FTX


Finance

Former FTX US President Reportedly Quit After ‘Protracted Disagreement’ With Bankman-Fried

A new 45-page report detailing accounting failures at the failed crypto exchange says that at one point employees were instructed by an unnamed higher-up to “come up with some numbers? Idk.”

Former FTX US President Brett Harrison. (Danny Nelson/CoinDesk)

Opinion

Thanks Sam! How FTX Led to World’s Worst Crypto Policy

Washington’s “war on crypto” continues to occupy minds in the crypto industry. This week, CoinDesk Chief Content Officer Michael Casey tackles the apparent rise in hostility from U.S. regulators from a different angle: revenge.

Sam Bankman-Fried (DALL-E/CoinDesk)

Finance

M11 Credit Resumes Crypto Lending on Maple Finance After FTX-Spurred Pause

The firm introduced an upgraded credit underwriting process and appointed a new head of credit. The developments came after M11 Credit suffered $36 million of loan defaults on lending protocol Maple Finance following FTX’s November collapse.

Lending money handing over paying cash (Shutterstock)

Videos

Nomura-Backed Komainu Aims to Capitalize on the Need for Mature Crypto Infrastructure

Cryptocurrency custody joint venture of Nomura, Ledger and CoinShares look to offer institutional clients a regulated collateral management project. Komainu CEO Nicolas Bertrand discusses how it aims to capitalize on the need for mature crypto infrastructure and to prevent another FTX-like collapse.

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Videos

FTX Creditor Weighs in on Future of the Failed Crypto Exchange

Sunil Kavuri, an FTX creditor, joins "First Mover" to explain why he thinks the failed crypto exchange could come back to life. "I looked at the financial statements, which was built up by the bankruptcy restructuring team, and it's extremely profitable," Kavuri said.

Recent Videos

Videos

FTX EU Starts Process of Allowing Customers to Withdraw Funds

FTX EU has begun the process of allowing customers to withdraw funds locked up since parent FTX filed for bankruptcy protection last November. This comes as some clients are hoping for a reboot of the failed crypto exchange. FTX creditor Sunil Kavuri shares his reaction.

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Finance

FTX EU Sets Up Website to Repay Users

The European arm had been in operation for only about eight months prior to the collapse of parent FTX.

FTX EU will allow customers to withdraw funds that have been locked on the platform. (CraigRJD/Getty Images)

Videos

Sam Bankman-Fried Developments; Tron Founder Justin Sun Reportedly Lost His Diplomatic Status

During a court appearance on Thursday, FTX founder and former CEO Sam Bankman-Fried pleaded not guilty to charges of attempted bribery and campaign finance violations unveiled in two recent superseding indictments. CoinDesk Regulatory Reporter Cheyenne Ligon discusses SBF's plead. Plus, Justin Sun, founder of the Tron blockchain, is reportedly no longer a diplomat for Grenada.

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Videos

Sam Bankman-Fried's Legal Developments; Bitgo Releases Security Features Aimed at Bitcoin Ordinals

FTX founder and former CEO Sam Bankman-Fried pleaded not guilty to charges of attempted bribery and campaign finance violations during a court appearance. Plus, custody provider BitGo releases security features designed to protect owners of Bitcoin Ordinals Inscriptions, which allow people to inscribe text, images and even videos directly on the Bitcoin blockchain.

Recent Videos

Videos

Crypto Hardware Wallet Maker Ledger Raises Over $100M in New Funding Round: Report

Ledger has raised most of a 100 million euros ($109 million) funding round at a valuation of 1.3 billion euros ($1.4 billion), the company told Bloomberg. Media outlets first reported on a potential new round last August. “The Hash” team discusses the importance of Ledger and the timing of this raise post-FTX collapse and the CFTC's recent lawsuit against Binance.

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