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The Latest Breaking News on FTX claims Bybit, one of world’s largest crypto exchanges, used VIP status to pull hundreds of millions of dollars during collapse

Alan Kohler: Crypto and the end of the beginning

Will FTX’s collapse mean the end of crypto? Well, some of the 3000 or so cryptocurrencies, or at least it should.

The New Daily

How To Lose $16 Billion In 3 Days: How Sam Bankman-Fried’s Wealth Disappeared

Several days ago, FTX co-founder Sam Bankman Fried saw his wealth plummet by over 90% to a value of $1 billion. Here's how!

Zenger

Funds vanish at bankrupt crypto exchange FTX; probe underway

Collapsed cryptocurrency trading firm FTX is confirming there was unauthorized access to its accounts just hours after the company filed for bankruptcy protection

The Independent UK

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At least $1bn in investor assets missing after FTX collapse – reports

Sources tell Reuters funds were part of $10bn founder Sam Bankman-Fried transferred to his hedge fund

The Guardian - US

FTX debacle shows need for crypto regulation, Yellen says

U.S. Treasury Secretary Janet Yellen said the implosion of Sam Bankman-Fried’s FTX crypto empire reinforced her view that the market for digital assets required “very careful regulation.”

Tribune News Service

Bankrupt FTX hit by mysterious outflow of about $662 million as crypto industry reels

Sam Bankman-Fried’s bankrupt digital-asset exchange FTX was hit by a mysterious outflow of about $662 million in tokens in the past 24 hours, the latest twist in one of the darkest periods for the crypto industry.

Tribune News Service

‘I f****d up’: the rise and fall of US crypto king Sam Bankman-Fried

The 30-year-old wunderkind last week saw his giant FTX digital currency exchange collapse and his $17bn fortune disappear

The Guardian - UK

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Cryptocurrency platform FTX files for bankruptcy

NEW YORK: Crisis-struck cryptocurrency platform FTX has gone bankrupt in the United States and its chief executive Sam Bankman-Fried has resigned, it said Friday, the latest blow in a saga that has reverberated across the digital currency landscape.

Bangkok Post

Binance's CZ compares current crypto crash to 2008 financial crisis but insists 'the market will heal itself'

“With FTX going down, we will see cascading effects."

Fortune

Australian investors in limbo after collapse of FTX cryptocurrency exchange

Australians who invested in the FTX cryptocurrency exchange are unable to withdraw their funds as the company's local arm goes into voluntary administration.

ABC News

How Binance played a key role as FTX collapse unfolded

Cryptocurrency exchange run by Changpeng Zhao pulled out of deal to rescue its rival

The Guardian - UK

Crypto company that faces scrutiny from Texas regulators files for bankruptcy after competitor questioned its viability

FTX’s collapse came after customers raced to cash out their deposits when a major competitor questioned its viability and declined to buy the company in a bailout deal.

The Texas Tribune

Distressed crypto exchange FTX files for bankruptcy

The trading platform had been struggling to raise billions in funds to stave off collapse after a wave of withdrawals.

Al Jazeera

FTX contagion will be ugly within crypto, but probably less damaging to the wider world

Crypto assets are infamous for being highly speculative and volatile, but it is their “debt problems” that have once again made headlines. Since November 2021, the total value of cryptocurrencies has now fallen from a peak of over US$3 trillion (£2.6 trillion) to circa US$830 billion (£706 billion).

The Conversation

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Tribune News Service

Cryptocurrencies extend losses as FTX commences US bankruptcy

Crypto markets extended losses on Friday morning after FTX Group said it has commenced bankruptcy proceedings in the U.S. and that Sam Bankman-Fried has resigned as chief executive officer.

WEKU

FTX crypto exchange, billions of dollars low and under DOJ scrutiny, seeks bankruptcy

FTX had agreed earlier this week to sell itself to bigger rival Binance after experiencing the cryptocurrency equivalent of a bank run. The Department of Justice and the SEC are investigating.

The Guardian - UK

Cryptocurrency exchange FTX files for bankruptcy protection in US

Founder Sam Bankman-Fried resigns as CEO and tells of shock ‘to see things unravel the way they did’

The Independent UK

Embattled crypto exchange FTX files for bankruptcy

Embattled cryptocurrency exchange FTX, short billions of dollars, is seeking bankruptcy protection following its collapse this week

Get all your
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Fortune

Sam Bankman-Fried resigns as FTX files Chapter 11 bankruptcy

The cryptocurrency exchange ends a messy week.

The Guardian - UK

FTX assets frozen by Bahamas regulator as crypto exchange fights for survival

Founder Sam Bankman-Fried races to find funds to fill multibillion-dollar hole in exchange

The Conversation

The spectacular collapse of a $30 billion crypto exchange should come as no surprise

Not long ago, FTX was one of the world’s largest trading platforms for cryptocurrencies. Founded in 2019, the Bahamas-based crypto exchange had a meteoric rise to prominence, and was valued at more than US$30 billion earlier this year.

Fortune

‘10 cents on the dollar’: What happens if Sam Bankman-Fried's empire is forced into a fire sale

All or some of FTX, FTX US, FTX Ventures, and Alameda Research could be liquidated at steep discounts.

Fortune

Canadian teachers could have a $95 million hole in their pensions due to the FTX crypto implosion

The Ontario Teachers Pension Plan shared details about its investments in troubled cryptocurrency exchange FTX. It isn't pretty.

Fortune

‘Prudent regulation of cryptocurrencies is indeed needed’: The White House is watching the FTX implosion and doesn’t like what it sees

“This is an opportunity for the United States to really be the one to put out some more of this clear regulation,” Coinbase’s CEO Brian Armstrong said.

Fortune

With FTX on the verge of collapse, customers are wondering what happens to their crypto

If FTX goes under, there will be a lot of victims, including retail investors.

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