More than one million people may have lost their money in the spectacular collapse of the cryptocurrency trading firm. Some had big chunks of their life savings disappear into a black hole.
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The FTX contagion: Which companies were affected by the FTX collapse?Some of the firms affected include Genesis, Sequoia Capital, Galaxy Digital, and Galois Capital.
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Cardano Founder on FTX: It Might Be Good Idea to Donate Some Money to Certain PoliticiansCharles Hoskinson joins list of critics of New York Times article about bankruptcy of FTX and criticizes SBF’s donations to politicians
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Sam Bankman-Fried and the spectacular fall of his crypto empire, FTX : Planet MoneySam Bankman-Fried built a reputation as the one reliable crypto bro. But within the span of days, his empire came crashing down. What the rise and fall of crypto's 30-year-old elder statesman says about the story of crypto so far.Subscribe to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney
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FTX Founder and Democrat Super Donor Sam Bankman-Fried Lent *$1 Billion* to Himself Through His Hedge FundDisgraced cryptocurrency exchange FTX founder and Democrat super donor Sam Bankman-Fried lent $1 billion to himself through his hedge fund Alameda Research, which likely sourced the money from FTX customer funds.
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Exec who cleaned up Enron calls FTX mess 'unprecedented'The new CEO of the collapsed cryptocurrency trading firm FTX, who oversaw Enron's bankruptcy, said he has never seen such a “complete failure” of corporate control.
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