There were enough warning signs that investors should have seen FTX's collapse coming.
Will SBF face consequences for mismanaging FTX? Don’t count on it
First, trading volume was down significantly. It had decreased to December 2020 levels. Levels that hadn’t been seen since the monumental bull run began. FTX Ventures, the company's venture capital arm, had consistently made large, late-stage investments. Massive check sizes into highly illiquid positions.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CFTC Has ‘Boots on the Ground’ at FTX Subsidiary LedgerXThe CFTC is monitoring LedgerX 'daily, if not hourly' in the wake of FTX's collapse, Commissioner CFTCJohnson said Thursday. lavender_au reports
Read more »
FTX lawyers say Bankman-Fried's 'incessant and disruptive tweeting' is complicating bankruptcy caseFTX bankruptcy lawyers accuse former CEO Sam Bankman-Fried of complicating their case with 'his incessant and disruptive tweeting.'
Read more »
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
Read more »
FTX Advisers Find Only $740 Million in Crypto, While Liquidity Gap Stands at $8 BillionFTX funds were used to buy homes and personal items for FTX employees. crypto
Read more »