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The Latest Breaking News from FTT

What do we know so far about collapse of crypto exchange FTX?

How did Sam Bankman-Fried’s FTX fail and what does the firm’s fate tell us about cryptocurrencies?

The Guardian - UK

FTX Collapse: A Bankman-Fried Token Is Still At Large

FTT has certainly fallen since the bankruptcy of its main sponsor FTX, but its market value remains above $510 million.

The Street

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

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Fallen FTX Founder Bankman-Fried Plays the Victim

Sam Bankman-Fried is trying to absolve himself of the practices that led to the bankruptcy of his empire.

The Street

Exclusive: Leaked documents Sam Bankman-Fried used for fundraising in 2021 and 2022 show FTX revenue soared nearly 6,600% in two years but leveled off this year

Fortune reviewed two sets of spreadsheets, one dated December 2021 and another dated June 22, 2022, that showed FTX's astounding growth before its sudden crash.

Fortune

FTX made a cryptocurrency that brought in millions. Then it brought down the company

The now-bankrupt cryptocurrency exchange FTX made real money off of its own digital currency, called FTT. That currency is practically worthless now, but investors continue to trade it.

WEKU

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

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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

The Weekly Wrap for Saturday, 12 November 2022

Sam Bankman-Fried's cryptocurrency empire collapsed this week. His $16bn personal fortune was incinerated in a matter of days (another rousing win for the normative determinists). Not bad for a 30-year-old.

inkl Originals

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

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

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 Guardian - UK

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.

The Conversation

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The Guardian - UK

What happened to FTX and could the crisis spill over to the rest of crypto?

International exchange for crypto assets is in effect unregulated – and may have been built on sand

The Conversation

Cryptocurrencies: why Binance's failed FTX rescue deal could mean 'crypto winter' is coming

Life in the cryptocurrency industry is rarely quiet for long, and after a tumultuous summer, it seems the market is now entering a “crypto winter”. Over the past week, the founders of two of the largest cryptocurrency exchanges – Binance and FTX – have had a public Twitter spat that…

Evening Standard

Over a million customer crypto accounts at risk as Binance abandons FTX acquisition

The US Securities and Exchange Commission is reported to be expanding its investigation into the beleaguered crypto exchange

Benzinga

Billionaire Mike Novogratz Takes Another Hit: First Luna, Now FTX Is Costing His Crypto Firm Millions

In a startling revelation amid the fiasco surrounding FTX, Galaxy Digital Holdings Ltd (OTC: BRPHF) revealed it has a $76.8 million exposure to the beleag

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news in one place.

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Benzinga

Amid FTX Collapse And Regulatory Inquiries, Crypto Exchanges Hustle To Prove Reserves

At least nine cryptocurrency exchanges have come forward to provide proof of fund reserves as the market comes to terms with insolvency fears on the heels of FTX’s native token (CRYPTO: FTT)

Axios

A tentative crypto deal looks increasingly shaky

Folks are starting to wonder if, after the dust settles, there will be an FTX.com left for Binance to buy.

The Street

Crypto Billionaires and CEOs Can't Be Trusted

The cryptocurrency industry is heading for a crisis of confidence, caused by the statements of one of its most influential players.

The Street

Coinbase Says It's in No Danger of Running Out of Cash

Benzinga

Analysis: A Tweet Just Cost Investors $153 Billion — How CZ May Have Tanked FTX, Crypto Before Acquisition

A feud between Sam Bankman-Fried and Changpeng Zhao is wreaking havoc on the cryptocurrency market over the last 24 hours.

Investors Business Daily

Binance Passes On FTX Takeover, Bitcoin Rebounds On CPI Data

Binance will not buy FTX's non-U.S. operations as the exchange faces a liquidity crisis. Cryptocurrency prices rebound on Thursday CPI data

The Street

FTX.com Revives Fears of Crypto Crash

Cryptocurrency exchange FTX.com has agreed to sell to competitor Binance, 48 hours after speculation over its financial health.

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