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The Latest Breaking News from Binance

How FTX's own token was the final nail in its coffin

“In the current crypto atmosphere, investors are right to ask questions of exchanges that have tokens, because they don't know what the exchange is doing behind the scenes,” Bitwise CIO Matt Hougan told Fortune.

Fortune

FTX's downfall casts a shadow over other sports-rights deals. What's up, Crypto.com Arena?

When the Miami Heat announced in March 2021 that the team had sold naming rights for its arena to FTX, the response from sports fans was a resounding: Who?

Los Angeles Times

Binance's CZ calls alleged FTX fraudster SBF a 'psychopath' over tell-all threat

Changpeng Zhao, who suspects FTX of leaking information that endangered his children, had set in motion the events that sank FTX last week and wiped out all of his rival's wealth.

Fortune

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FTX collapse a warning to crypto bros

Crypto exchange FTX was valued at more than $30 billion just weeks ago. Now it's in bankruptcy proceedings

Salon

Kraken's incoming CEO labels FTX and SBF as 'thieves,' says acquisition rumors unfounded

“I think, what it boils down to from all the information we have [and] this bankruptcy report that has now been released is that FTX and SBF are complete frauds—not just frauds, but thieves,” David Ripley, incoming CEO at Kraken, tells Fortune.

Fortune

'We didn't even notice': Binance CEO CZ on alleged FTX battle

Changpeng Zhao also said in a Thursday interview he hopes the blame for FTX’s failure falls squarely on SBF.

Fortune

How a huge cryptocurrency exchange failed

The convoluted story of two intertwined companies which brought the value of cryptocurrencies to their knees.

Newsroom.co.nz

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FTX latest: Bankruptcy lawyers accuse SBF of undermining case

Sam Bankman-Fried is undermining efforts to reorganize his crumbling empire with “incessant and disruptive tweeting,” US lawyers for the bankrupt crypto platform FTX said in a court filing.

Tribune News Service

Dramatic collapse of the cryptocurrency exchange FTX contains lessons for investors but won't affect most people

In the fast-paced world of cryptocurrency, vast sums of money can be made or lost in the blink of an eye. In early November 2022, the second-largest cryptocurrency exchange, FTX, was valued at more than US$30 billion. By Nov. 14, FTX was in bankruptcy proceedings along with more than 100…

The Conversation

FTX's disgraced founder SBF still thinks he can rebuild his bankrupt crypto empire and make customers whole

The 30-year-old who fashioned himself as an altruist claimed FTX was not in a balance sheet crisis with its very solvency at risk, merely a liquidity crisis.

Fortune

SBF’s dangerous decision-making philosophy that brought down FTX

SBF and Elon Musk's coin-flipping approach to business can work–until it doesn't. Here's why, according to cognitive scientist Gleb Tsipursky.

Fortune

Size, scope of FTX failure gets clearer as users fear worst

Just days after cryptocurrency’s third-largest exchange collapsed, the public is starting to get a feel of how messy FTX’s bankruptcy case could be

The Independent UK

Crypto's biggest player says most people shouldn't invest in crypto right now

Binance's CZ calls on the crypto community to help 'rebuild' after FTX collapse, while advising first-time investors to stay away.

Fortune

FTX failure may strengthen case for more robust crypto regulation

WASHINGTON — The spectacular collapse of major cryptocurrency exchange FTX is prompting calls for stronger regulation in Congress, where some bipartisan proposals are being characterized as too industry friendly.

Tribune News Service

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Roll Call

FTX failure may strengthen case for more robust crypto regulation - Roll Call

Lawmakers say the collapse of FTX should strengthen the case for Congress to pass legislation to regulate the cryptocurrency industry.

The Guardian - UK

TechScape: Inside the $8bn FTX crypto scandal – and its real-world impact

Sam Bankman-Fried was what everyone wanted a crypto billionaire to be – until things began to go very, very wrong

The Guardian - US

Sam Bankman-Fried was hailed as a crypto wonder child. What happened?

Bankman-Fried promoted himself as an eccentric genius. In reality, his image was a distraction from what was going on inside FTX

Pedestrian.tv

Allow Me, A Bimbo Who Can’t Count, To Explain How A Crypto Dweeb Lost $24 Billion In Days

Because tea from the crypto world isn't just for nerds.

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news in one place.

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Fortune

Binance’s CZ says he never shorted FTX’s crypto token—and the decision to stop selling it was ‘very expensive’

Binance has emerged as one of the biggest winners from the FTX collapse, but its CEO says he didn’t short his rival.

Fortune

The rise and fall of FTX and Sam Bankman-Fried: The 30-year-old who built a $30 billion empire in 3 years—and burned it down in 48 hours

The demise of the founder, who was seen as a benevolent and stabilizing force in crypto, has left his supporters and enemies with unanswered questions.

The Guardian - UK

Failure of FTX crypto exchange will have huge implications, MPs hear

‘Hard to imagine sector bouncing back quickly from this ordeal,’ committee is told

Benzinga

Accumulation Or Distribution? Decision Time For Bitcoin After FTX Fall Out, Binance Industry Offer

Bitcoin (CRYPTO: BTC) jumped almost 6% at one point during Monday’s 24-hour trading session before selling off to trade mostly flat by midafternoon.

The Independent UK

Binance proposes fund to save crypto from future failures

Cryptocurrency exchange giant Binance is proposing the creation of a rescue fund that would save otherwise healthy crypto companies from failure

The Conversation

Crypto: what could more regulation mean for the future of digital currencies?

The founder of the world’s largest cryptocurrency exchange, Binance CEO Changpeng Zhao, has called for more regulatory clarity after a week of crypto market chaos and a year in which investors are estimated to have lost US$2 trillion (£1.7 trillion).

Benzinga

Ethereum's Vitalik Buterin Is Planning This Cryptocurrency Safeguard, Changpeng Zhao Tells Benzinga In Twitter Space

Binance CEO (CRYPTO: BNB) Changpeng Zhao on Monday said Ethereum (CRYPTO: ETH) co-founder Vitalik Buterin is planning to come up with a protocol for exchanges to auto

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