The Latest Breaking News from FTX

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

The 30-year-old FTX founder published a mysterious tweet thread over the weekend and added to it on Monday as he’s roasted by Crypto Twitter.

One of the greatest football players of all time has been a vocal supporter of cryptocurrency and non-fungible tokens. With a link to the recent FTX bankruptcy, the NFL player made a social media pivot.

Cryptocurrency could survive the current downturn, but even industry backers say regulators need to step in.

Entrepreneur at center of FTX scandal put luxury residence up for sale the same day crypto exchange filed for bankruptcy

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

Japanese conglomerate holding company SoftBank is positioned to take a big hit from its investments in bankrupt cryptocurrency exchange FTX. The FTX losses are just the latest in a long string of disastrous investments for SoftBank in recent years that have resulted in billions of dollars of losses.

The crypto exchange also had sponsorship deals with Major League Baseball and a Formula 1 team, plus agreements with individual athletes.

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).

The length of Holmes’s prison term will show how harshly the justice system treats fraud in the industry.

On Friday night, news began to filter in that hundreds of millions of dollars were flowing out of FTX wallets.