:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/327TI2ZLTJEX5PNO2WWQFMAMM4.png)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/ZIIRQQBCCRFQVJQ2ZMPUF3CSDA.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/KHG35SKCTBFEHP6NWP7UAZFUNI.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/CGM4PVNNIVB7HBN4BRUOGQLJYY.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/TN2IXBOQSBAEBK22CX6M2BHFUQ)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/S5AQ4QRIDFAGZP25LYFR2IZMIA.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/MJSV6FPD3RHWXIA5T52E73KNXI.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/VKB3I2LPXNETVHHJIXCAGWGUMQ.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/L3JBF5DLWBC27PXVWPW6DFG44Y.png)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/6HAWVCX4EZHLBOECRI7UYPOANE.png)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/HPZLNDKKCJFBTKD7Y44LCUEWJE.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/L5UTGLJRM5DI7NVXRKT52T2YFQ.png)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/FXRCBGBB4JGGPISRKL6OUGEJIM.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/A6M3OIU2KVGN3B2OZ3OMTK5YSE.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/N4SFG6S3NVGQBK6WFJLECRQYKQ.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/NCPW2UZDZBEKJJLXF4IMWX2YVQ.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/AU4BGTSV6VD73GMDPTRNAUTIAU.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/K4NSQVFG4RBTNIUXQLFG6NASGM.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/JP2G2HUIYFEFXCG5UBNGM7XLEI.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/CTQHZP4PNBGGHHW3F3ZCQJQTVY.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/QGFNPSRMSRF2NOHHKYILC4553I.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/VUFHQ7OMPBBRNK6OXBTALT7ZYQ.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/2BOM46NR5FAMZMSWOQW3L2T23Q.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/RKDC2GV77VHCZP6WKYLNCG4SY4.jpeg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/WQHRMHJUBRFJBO4QXMGHXW4K2Q.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/327TI2ZLTJEX5PNO2WWQFMAMM4.png)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/B7LEXJV5DZEGZAMDLSXO55IMTI.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/TBSTGFF3DFGY3DRCPPD4AE2MKQ.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/DOHJ2VKSIBEUXHDHD2DHX7FUTU.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/7CVB3J3H6NAKJPV2FI5FAAKNHY.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/KKRSJS4DR5FWZKYOAGRU4M7NBY.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/QIQFOFXKDNGXPNQLSOZWF33DAU.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/FU36HQ5QQZEI7FCZNR3SAX7NKI.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/X6DVGVC2TRBHPE2TFCL3EL56SU.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/UNBKWHVCWBA33EPCSDCTIU2PO4.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/62TCOLAZ3FGHPOXAHGYAK4KXVQ.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/OMELG2VULFCBDCYGKARRAALJSU.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/NLH4PQELDFDQZI3FPTBHRYJK7A.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/ESTD3FMYGNFKHMMXPGMVLF5IXM.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/I5DQT53TJBCJPBMWHMOTG63RNE.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/Z46FU4UPONEOPG3WNCZGMXDVPQ.jpg)
:format(webp)/s3.amazonaws.com/arc-authors/coindesk/1e1f1705-1df3-4852-a4ab-432d60dd0f4e.jpg)
:format(webp)/s3.amazonaws.com/arc-authors/coindesk/0d7e5561-5407-4c6e-ba8d-d699ff944919.png)
:format(webp)/s3.amazonaws.com/arc-authors/coindesk/590fa4f5-0e15-44e2-9933-73fb5176d8aa.png)
:format(webp)/s3.amazonaws.com/arc-authors/coindesk/825e8b3e-64b6-4bb2-a988-7284a3e4f0dc.png)
:format(webp)/s3.amazonaws.com/arc-authors/coindesk/02b3d252-c966-4a14-9258-b37351affb82.jpg)
Who's Who in the FTX Inner Circle
FTX collapsed. These were the players closest to the implosion.
Sponsored
Nov 22, 2022 at 2:53 p.m. UTC
Nov 22, 2022
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Leader in cryptocurrency, Bitcoin, Ethereum, XRP, blockchain, DeFi, digital finance and Web 3.0 news with analysis, video and live price updates.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/N4SFG6S3NVGQBK6WFJLECRQYKQ.jpg)
BlockFi Files for Bankruptcy as FTX Contagion Spreads
BlockFi filed for bankruptcy days after suspending withdrawals last week. FTX had extended a $400 million line of credit to the lender earlier this year.
First Mover Asia: Ethereum Isn’t WETH or stETH. But Jokes Still Move Markets
Sam Reynolds writes that irreverent posts about lesser-known altcoins – and more significant tokens – can be destructive. Especially if people don’t get the irony. ALSO: Bitcoin drops as BlockFi files for bankruptcy protection.
Crypto Exchange Kraken Settles Case With US Treasury Over Serving Customers in Iran
Kraken has agreed to pay $362,1159 to settle its potential liability for violating U.S. sanctions against Iran.
Centralized Crypto Exchanges Will Remain Dominant Despite FTX Collapse: JPMorgan
DeFi protocols rely heavily on centralized exchanges to be able to function and it would likely take a long time until price discovery shifts from centralized to decentralized exchanges, JPMorgan said.
Live Wire
Yesterday at 11:19 PM UTC
Yesterday at 10:30 PM UTC
Yesterday at 10:04 PM UTC
Yesterday at 9:35 PM UTC
Yesterday at 9:23 PM UTC
Yesterday at 8:15 PM UTC
Yesterday at 6:59 PM UTC
Yesterday at 6:37 PM UTC
Yesterday at 4:33 PM UTC
Yesterday at 4:32 PM UTC
Yesterday at 3:20 PM UTC
Yesterday at 3:07 PM UTC
Yesterday at 2:08 PM UTC
Yesterday at 1:49 PM UTC
Yesterday at 1:22 PM UTC
Yesterday at 1:09 PM UTC
Yesterday at 12:51 PM UTC
Yesterday at 12:38 PM UTC
Yesterday at 12:09 PM UTC
Yesterday at 11:33 AM UTC
Yesterday at 9:35 AM UTC
Yesterday at 8:31 AM UTC
Nov 25, 2022
Nov 25, 2022
Sign up for our newsletters
Learn More
By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy.
FTX Downfall: Full Coverage
Follow the key developments of the unraveling of Sam Bankman-Fried’s crypto empire and exchange, FTX.
The Epic Collapse of Sam Bankman-Fried's FTX Exchange: A Crypto Markets Timeline
Tracing the CoinDesk Market Index (CMI) through key news developments in the swift unraveling of billionaire Sam Bankman-Fried's crypto empire shows just how quickly the speculation kept shifting.
Sponsored
Nov 12, 2022 at 4:01 p.m. UTC
Nov 12, 2022
FTX Direct Clearing Plan Was Nowhere Close to Being Approved, CFTC Chief Says
Rostin Behnam, the agency's chairman, did say FTX executives met frequently with the regulator.
Sponsored
Nov 28, 2022 at 2:08 p.m. UTC
Nov 28, 2022
Lawyers Detail the ‘Abrupt and Difficult’ Collapse of FTX in First Bankruptcy Hearing
FTX’s lawyers say former CEO Sam Bankman-Fried ran the exchange like his own “personal fiefdom,” allowing executives to use customer funds to purchase luxury real estate.
Sponsored
Nov 22, 2022 at 5:14 p.m. UTC
Nov 22, 2022
FTX Exploiter Transfers $200M in Ether to 12 Crypto Wallets
The exploiter had previously drained hundreds of millions of digital assets from FTX on the same day as the embattled crypto exchange filed for bankruptcy protection.
Sponsored
Nov 21, 2022 at 5:36 p.m. UTC
Nov 21, 2022
FTX’s Collapse a Wake-Up Call for Venture Capitalists, Dragonfly Partner Says
Tom Schmidt noted that more discerning VCs didn't invest in the failed crypto exchange.
Sponsored
Nov 21, 2022 at 7:18 p.m. UTC
Nov 21, 2022
Consensus 2022
AllDiscovery
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/BDAVSZQFJRCNVADNYJTJXRCT3M.jpg)
BlockFi Files for Bankruptcy, Becoming Latest FTX Domino
BlockFi has over 100,000 creditors.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/PJTR3KRDWJCRVE3QREM6KUOK7A.png)
Crypto Update | Steps to Crypto Recovery: Where ‘We’ Go From Here
With DOGE coin up more than 50% since last Tuesday, plus a look at next steps following the FTX collapse, CoinDesk’s “Markets Daily” is back with the latest news roundup.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/5MXJJNDUQZCSJN6SREARTZPSRA.jpg)
The Inevitability of Web3, With Ricky Engelberg, CMO of Vista
After ushering Nike into the digital era, CMO Ricky Engelberg discusses how he’s helping both businesses and creators understand the importance of community, innovation and brand management in his current role at Vista.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/PFTJB3CBBZCGPEUSNCEZ7F3Z7U.jpg)
A Holiday Impression, With Will Foxley
A holiday short of the most valuable crypto stories for 2022.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/FBKUMHO4CJFYPNW2J7ZSXYCBU4.png)
Achieving Financial and Personal Confidence With Lisa Carmen Wang
In investing in oneself and one's career, what does it mean to be a 'Bad Bitch'?
Trending in Crypto
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/KHG35SKCTBFEHP6NWP7UAZFUNI.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/S5AQ4QRIDFAGZP25LYFR2IZMIA.jpg)
:format(webp)/cdn.jwplayer.com/v2/media/hh0jBisI/poster.jpg)
:format(webp)/cdn.jwplayer.com/v2/media/uSvfB499/poster.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/6HAWVCX4EZHLBOECRI7UYPOANE.png)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/L5UTGLJRM5DI7NVXRKT52T2YFQ.png)
:format(webp)/cdn.jwplayer.com/v2/media/BgIHvWot/poster.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/FXRCBGBB4JGGPISRKL6OUGEJIM.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/WWCMDJ2YJBGCLDJS2G6Y7JSJX4.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/X5CC7MONFBGEZE2CEFLINOSMZM.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/24DLIYNLWJEXDB7TQHBCWUBF5I.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/J3WPN4H3EVBWNOZDWRGLU6JOVE.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/MFLQKNK745B3TE3VNUGM26F7LI.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/63NC6C7THVFXNLKI5TKHBN7A5A.png)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/TA6CWB3BBNA5LFZZZBNRKMFQ5A.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/A6M3OIU2KVGN3B2OZ3OMTK5YSE.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/UNBKWHVCWBA33EPCSDCTIU2PO4.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/4QH3FLPBL5HLJB3OGTJW4QW5ZY.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/AZ6RVPNOOBELZBCKCBCZSYB3UM.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/AINLMJNWRBCJ3DFNQJN6GXHZP4.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/WUT372INF5HAFN37KEVLMSYO3Y.png)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/5CSKVHNN45HFLHQUU2444INIQU.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/RU76TTYVGBCPPFQVAWBG5BYITU.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/2IK2AGQ4FNDGLGUMB2FJZUPTC4.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/HKOTSVQQWFGZJPAEFIEGHCTGF4.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/ZIIRQQBCCRFQVJQ2ZMPUF3CSDA.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/CGM4PVNNIVB7HBN4BRUOGQLJYY.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/TN2IXBOQSBAEBK22CX6M2BHFUQ)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/NCPW2UZDZBEKJJLXF4IMWX2YVQ.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/K4NSQVFG4RBTNIUXQLFG6NASGM.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/VUFHQ7OMPBBRNK6OXBTALT7ZYQ.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/2BOM46NR5FAMZMSWOQW3L2T23Q.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/RKDC2GV77VHCZP6WKYLNCG4SY4.jpeg)
Markets
All:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/KHG35SKCTBFEHP6NWP7UAZFUNI.jpg)
First Mover Asia: Ethereum Isn’t WETH or stETH. But Jokes Still Move Markets
Sam Reynolds writes that irreverent posts about lesser-known altcoins – and more significant tokens – can be destructive. Especially if people don’t get the irony. ALSO: Bitcoin drops as BlockFi files for bankruptcy protection.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/S5AQ4QRIDFAGZP25LYFR2IZMIA.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/VKB3I2LPXNETVHHJIXCAGWGUMQ.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/6HAWVCX4EZHLBOECRI7UYPOANE.png)
Companies
All:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/CGM4PVNNIVB7HBN4BRUOGQLJYY.jpg)
Crypto Bank Silvergate Says Its BlockFi Digital Asset Deposit Exposure Totals Less Than $20M
The bank's shares closed down 11% to $25.90 on Monday, after BlockFi bankruptcy filing.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/TN2IXBOQSBAEBK22CX6M2BHFUQ)
Aave Supporters Say Lending Freeze Will Help Transition the Network
Community members voted Monday to freeze 17 assets in the Ethereum liquidity pool in order to lower risk within the protocol ahead of upgrading the network to its v3 version.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/NCPW2UZDZBEKJJLXF4IMWX2YVQ.jpg)
Web3 DAO Game7 Unveils $100M Grant Program
The grants will be awarded to Web3 game projects over five years
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/K4NSQVFG4RBTNIUXQLFG6NASGM.jpg)
TIME President Keith Grossman Joins Crypto Payments Startup MoonPay
Keith Grossman, president of TIME, has left the media firm to join crypto payments infrastructure firm MoonPay.
Technology
All:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/7CVB3J3H6NAKJPV2FI5FAAKNHY.jpg)
Major Canadian Crypto Exchange Coinsquare Says Client Data Breached
The exchange claimed the breached personal data wasn't likely seen "by the bad actor” and customers' assets are “secure in cold storage and are not at risk.”
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/WWCMDJ2YJBGCLDJS2G6Y7JSJX4.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/WWJMA7GZLNGTFENGAM55VIK4CU.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/X5CC7MONFBGEZE2CEFLINOSMZM.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/L3JBF5DLWBC27PXVWPW6DFG44Y.png)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/HPZLNDKKCJFBTKD7Y44LCUEWJE.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/FXRCBGBB4JGGPISRKL6OUGEJIM.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/N4SFG6S3NVGQBK6WFJLECRQYKQ.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/GN764PSRANB25KQSTSM2JK7WGA.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/63QGWL5LTBD3PCXUIQKUXHL2VM.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/5662CG46I5B7FI5YFPMVSFULTI)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/N47K6WXSNFCFLAIZ2U5TGEH3PM.jpg)