FTX used customer funds to finance risky Alameda bets - WSJ

FREE Breaking News Alerts from StreetInsider.com!

StreetInsider.com Top Tickers, 10/15/2026

1. NVDA
2. CRWV
3. SPY
4. BAC
5. BLK

6. RKLB
7. CAT
8. AA
9. MRSH
10. RSG

FTX files for bankruptcy - Bankman-Fried steps down as CEO

November 11, 2022 10:05 AM EST

FTX's Sam Bankman-Fried has stepped down as CEO of the company while FTX itself has filed for Chapter 11 bankruptcy in the US, according to a statement by the cryptocurrency exchange posted on Twitter.

Bankman-Fried is being replaced by John J. Ray III, although the company said he will stay to assist with the transition. In... More

Alameda Research is winding down trading

November 10, 2022 9:18 AM EST

Alameda Research is winding down trading

15) First, one way or another, Alameda... More

Analysis-FTX meltdown sparks investor rethink of battered crypto market

November 10, 2022 8:13 AM EST

By Gertrude Chavez-Dreyfuss and Elizabeth Howcroft

NEW YORK/LONDON (Reuters) - A week of turmoil culminating in major crypto exchange FTX filing for bankruptcy has left investors questioning the viability of a sector already bruised by the bitcoin bubble bursting and closures of key market players.

The collapse of several crypto lenders, including Celsius and Voyager, major tokens terraUSD and Luna, and hedge fund Three Arrows Capital, had rung alarm bells even before the blow-up of FTX, headed by Sam Bankman-Fried. Crypto markets have also come under intense pressure this year as rising interest rates prompted investors... More