The collapse of FTX has shaken the crypto world. To help you keep it all straight, here’s a quick list of the main people and companies involved.
Cryptocurrency exchange FTX was seen as a survivor in a struggling industry, but over the course of six days the exchange collapsed due to a sudden liquidity crunch.
WSJ explains the factors that drove FTX’s growth and what led to its downfall. Illustration: Alexandra Larkin. To help you keep it all straight, here’s a quick list of the main people and companies involved.
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TSM FTX drops FTXFTX had signed a huge sponsorship deal with TSM.
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The Fall of Crypto's Golden Boy - The Journal. - WSJ PodcastsUntil last week, FTX founder Sam Bankman-Fried was the face of crypto. Admirers saw him as an approachable, friendly billionaire eager to deploy his wealth for good. Then his crypto empire imploded, leaving hundreds of thousands of investors’ assets in doubt. WSJ’s Greg Zuckerman profiles the man behind FTX. Further Reading: -How FTX’s Sam Bankman-Fried Went From Crypto Golden Boy to Villain -FTX Tapped Into Customer Accounts to Fund Risky Bets, Setting Up Its Downfall -Alameda, FTX Executives Are Said to Have Known FTX Was Using Customer Funds -FTX’s Collapse Leaves Employees Sick With Anger Further Listening: -How Crypto Giant FTX Suddenly Imploded
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Senate Banking Committee eyes hearing on Sam Bankman-Fried's FTX collapseA key Senate committee could hold a hearing to investigate the collapse of crypto exchange FTX. The Senate Banking Committee is “working to schedule a
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Tom Brady and Larry David among those accused of defrauding investors in FTX collapseSteph Curry, Shaq and Shohei Ohtani are among the names listed in a class-action lawsuit filed on Tuesday that alleges they promoted the crypto 'Ponzi scheme' to investors.
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FTX collapse to come under Washington spotlight as hearing planned; Yellen calls for better crypto oversight“Comingling of customer assets, lack of transparency, and conflicts of interest” were “at the center of the crypto market stresses” over the past week, Treasury Secretary Janet Yellen said while calling for more effective crypto industry oversight.
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