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The Latest Breaking News from FTXCOM

FTX Unveils Restructuring Plan To Revive As Offshore Entity

Proposed plan includes resolution of claims, recovery pools, and potential restart of offshore exchange.

Zenger

Polyamory, penthouses and plenty of loans: inside the crazy world of FTX

After the crypto firm collapsed, the executive who handled the Enron debacle was brought in – and said he’d never seen anything like it

The Guardian - UK

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

From analysis to the latest developments in health,
read the most diverse news in one place.

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.

Tribune News Service

FTX files Chapter 11, SBF resigns

FTX’s filing is the culmination of a stunning week in cryptocurrency.

Axios

VC giant Sequoia writes down $214 million investment in FTX to zero: 'We are in the business of taking risk'

One of the most successful VC firms of all time invested in FTX in July 2021, when it was valued at $18 billion.

Fortune

Sam Bankman-Fried's FTX empire faces US probe into client funds, lending

U.S. regulators are investigating whether beleaguered crypto-exchange FTX.com mishandled customer funds, and they’re looking into the firm’s relationships with other parts of Sam Bankman-Fried’s crypto empire.

Tribune News Service

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Binance deal for FTX collapses

Binance pulled out of the deal after its corporate due diligence and reports of mishandled funds.

Al Jazeera

Binance Drops FTX Acquisition, Cryptos Trade Deep In The Red: 'The Issues Are Beyond Our Control'

Binance walked away from a deal to acquire FTX.com Wednesday after examining the company’s financials.

Benzinga

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.

Axios

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.

Benzinga

Binance to buy FTX in major cryptocurrency exchange merger

Public squabble between the two largest offshore exchanges’ bosses led to run on FTX and forced sale

The Guardian - UK

Binance To Acquire FTX.com As It Faces 'Liquidity Crunch': Here Are The Early Details

Two of the leading cryptocurrency companies are merging in a deal announced Tuesday. Here are the early details.

Benzinga

Crypto exchange Binance to acquire rival FTX

The largest exchange in the world is buying a fast-growing competitor that faced a liquidity crunch.

Axios

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