FTX

Bestselling author Michael Lewis, whose books include The Big Short and Flash Boys, is writing about the former boss of the failed cryptocurrency exchange for his next book.FTX, which was the world’s second largest cryptocurrency exchange, filed for bankruptcy in the US last week. Its founder, Sam Bankman-Fried, also resigned as chief executive.A leaked email from CAA agent Matthew Snyder, seen by The Ankler, revealed that Lewis has been embedded with Bankman-Fried for the last six months.Sam Bankman-Fried. Photograph:…

Michael Lewis, author of Moneyball and The Big Short (left) and Sam Bankman-Fried, founder of FTX (right)Photo: David Levenson / Tom Williams/CQ-Roll Call, Inc (Getty Images)Michael Lewis, author of Moneyball and The Big Short, has been following FTX founder Sam Bankman-Fried for the past six months to write his next book. And while the potential ending of Lewis’s book has obviously changed in the past week since FTX’s $32 billion implosion, Lewis is already shopping around the movie rights, according to a new report from…

The collapse of Sam Bankman-Fried’s crypto empire has been chaotic, fast and full of unknowns. The world should soon get some answers via a Delaware federal court. The collapse of Sam Bankman-Fried's crypto empire has been chaotic, fast and full of unknowns. The world should soon get some answers via a Delaware federal court. FTX is what's known in the industry as a “free fall” bankruptcy. More than 130 related companies sought court protection at the end of last week without filing any of the usual court motions or…

FTX was commencing bankruptcy proceedings in the United States and its Chief Executive Officer Sam Bankman-Fried has resigned. FTX was commencing bankruptcy proceedings in the United States and its Chief Executive Officer Sam Bankman-Fried has resigned, the crypto exchange said on Friday, in a spectacular collapse that has sent shivers through the industry. Here is a history of FTX since its foundation in 2019:  2019: May - Former Wall Street trader Sam Bankman-Fried and ex-Google employee Gary Wang founded FTX, the…

The imploding cryptocurrency trading firm FTX is now short billions of dollars after experiencing the crypto equivalent of a bank run. The imploding cryptocurrency trading firm FTX is now short billions of dollars after experiencing the crypto equivalent of a bank run.The exchange, formerly one of the world's largest, sought bankruptcy protection last week, and its CEO and founder resigned. Hours later, the trading firm said there had been “unauthorised access” and that funds had disappeared. Analysts say hundreds of…

Elon Musk to launch new Twitter feature, apologizes for the slow platform. Read more tech news here! Good morning tech fam, here are some quick tech updates for you to catch on to! What’s New Today: Dream11 Co-Founder offers job opportunities to those talented employees being fired from big tech companies like Twitter and Meta. Fast-Track Insights: Kraken freezes user accounts related to FTX and Alameda as it suspects the accounts are related to fraud, negligence, and misconduct. New boss Elon Musk apologizes for…

Visa Inc, the world's largest payments processor, said it was severing its global credit card agreements with collapsed crypto exchange FTX. "The situation with FTX is unfortunate and we are monitoring developments closely," a Visa spokesperson told Reuters.Read Also "We have terminated our global agreements with FTX and their US debit card program is being wound down by their issuer." FTX and Visa had announced an expanded partnership in early October, including plans to introduce account-linked Visa debit cards in 40…

That means it will be very difficult for the thieves to abscond with their profits in a spendable form without being identified, says Michelle Lai, a cryptocurrency privacy advocate, investor, and consultant who says she's been tracking the movements of the stolen FTX funds with "morbid fascination." But the real question, Lai says, is whether identifying the thieves will offer any recourse: After all, many of the most prolific cryptocurrency thieves are Russians or North Koreans operating in non-extradition countries,…

The imploding cryptocurrency trading firm FTX is now short billions of dollars after experiencing the crypto equivalent of a bank run. The exchange, formerly one of the world’s largest, sought bankruptcy protection last week, and its CEO and founder resigned. Hours later, the trading firm said there had been “unauthorized access” and that funds had disappeared. Analysts say hundreds of millions of dollars may have vanished. The unraveling of the once-giant exchange is sending shockwaves through the industry. Here’s a look…

You're probably reading this because the FTX implosion cascade sent every crypto-influencer into an engagement farming overdrive - "Get Your Crypto Out of Exchanges." and that's given you a niggling worry. "Don't Trust, Verify." rings in your ears, and you're one with crypto-twitter glued to your screen and wasting the weekend away doomscrolling. Let's get you up to speed in the next few minutes and get you to go out and touch the grass. What Brought us here? The FTX/Alameda Crash Simplified FTX was a crypto-exchange…