FTX Collapse

A musician in downtown Nassau, The Bahamas on a day no cruise ship had docked
Courtesy: Amitoj Singh/CoinDesk
Date: October 2023
Sam Bankman-Fried's Trial May Be Over, but The Bahamas Is Living Its Own Trial
Bankman-Fried may have been convicted, but The Bahamas appears to be dealing with the stigma of rolling out a red carpet for FTX.
A musician in downtown Nassau, The Bahamas on a day no cruise ship had docked
Courtesy: Amitoj Singh/CoinDesk
Date: October 2023

(QuinceCreative/Pixabay)
FTX Sues Bybit to Claw Back $953M in 'Misappropriated Funds'
The FTX estate says the funds were "preferentially" or "fraudulently" transferred to Bybit and affiliates in the lead up to its November 2022, bankruptcy filing.
(QuinceCreative/Pixabay)

Jon Corzine and Sam Bankman-Fried were both politically-connected business leads who lost over $1 billion in customer funds, though their different outcomes shows that regulation does not always achieve what is promised. (Wikimedia Commons/CoinDesk)
We've Seen the FTX Collapse Before
There are overwhelming similarities between the FTX and MF Global bankruptcies — and one big difference.
Jon Corzine and Sam Bankman-Fried were both politically-connected business leads who lost over $1 billion in customer funds, though their different outcomes shows that regulation does not always achieve what is promised. (Wikimedia Commons/CoinDesk)

Solana price (CoinDesk)
Solana's SOL Rallies 20% in a Day, Erasing Woes of Past 18 Months
The Solana token's massive rally this year increases the odds that FTX customers will recoup all their lost money.
Solana price (CoinDesk)

SBF Wide
SBF TRIAL Podcast: Inside the Courtroom With CoinDesk
Listen to the latest SBF trial updates by the CoinDesk Podcast Network.
SBF Wide

FTX founder Sam Bankman-Fried (Nikhilesh De/CoinDesk)
FTX's FTT Token Jumps 90% on Gensler Comments
"Do it within the law," Gensler said in relation to reports of buyers emerging for the failed crypto exchange.
FTX founder Sam Bankman-Fried (Nikhilesh De/CoinDesk)

SBF Wide
SBF TRIAL Podcast 11/7: What's Next for Sam Bankman-Fried's Legal Case
Listen to the latest SBF trial updates by the CoinDesk Podcast Network.
SBF Wide

FTX former CEO Sam Bankman-Fried. (MIT Bitcoin Club, Mercatus Center, Cointelegraph/Wikimedia Commons, modified by CoinDesk)
FTX Relaunch Effort Includes Celsius Winner Proof Group, Sources Say
Plans to bring Sam Bankman-Fried's crypto exchange back to life include the Silicon Valley investment firm Proof Group, which was part of the Fahrenheit consortium that succes...
FTX former CEO Sam Bankman-Fried. (MIT Bitcoin Club, Mercatus Center, Cointelegraph/Wikimedia Commons, modified by CoinDesk)

Then-CEO of FTX Sam Bankman-Fried and CEO of Solana Labs Anatoly Yakovenko (Danny Nelson/CoinDesk)
SOL Drops 5% as FTX Estate Transfers Tokens to Binance, Kraken
The $30 million transfer takes the total SOL moved to exchanges to $102 million, the most out of any liquid asset, while the token's price is near the highest in a year.
Then-CEO of FTX Sam Bankman-Fried and CEO of Solana Labs Anatoly Yakovenko (Danny Nelson/CoinDesk)