FTX founder Sam Bankman-Fried may be the face of recent crypto troubles, but the industry’s issues started months before FTX’s collapse
Crypto imploded in 2022, as investors lost faith in digital assets and the industry was plagued with crisis. But unlike other collapses, it has largely avoided rippling into other markets. WSJ explains how crypto became so interconnected.
Illustration: Mallory Brangancaptured public attention with the remarkable collapse of FTX this past November and the arrest soon after of the exchange’s founder, Sam Bankman-Fried. But the industry’s troubles began months before—and has continued to spread since. Below is a look at the key dates in the crisis.
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FTX’s Sam Bankman-Fried wins crypto case brought by TexasThe state board contended Bankman-Fried offered unregistered securities through FTX’s yield-bearing cryptocurrency accounts and that he owed refunds to Texas...
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Sam Bankman-Fried Negotiating Bail Conditions, Court Filing SaysCounsel for former FTX CEO Sam Bankman-Fried is currently in talks with U.S. prosecutors to “resolve the outstanding issues related to Bankman-Fried’s bail conditions,” according to a court filing. Meanwhile, Proposals to subpoena FTX founder Sam Bankman-Fried, his immediate family and senior staff of the bankrupt crypto exchange have been opposed by the U.S. Trustee. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De breaks down the latest on Sam Bankman-Fried and FTX's hearings.
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Bankman-Fried Family Subpoenas Opposed by US Government in FTX FilingPlans to subpoena FTX founder SBF_FTX and his immediate family for information about allegedly misappropriated funds have been opposed by the U.S. government. jackschickler reports.
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Sam Bankman Fried’s co-founder gave GOP govs group $500,000 right before bankruptcyJust days FTX filed for bankruptcy, the company’s co-CEO Ryan Salame wrote a $500,000 check to the Republican Governors Association, the main campaign arm tasked with electing GOP executives across the country.
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Sam Bankman-Fried in talks to resolve bail dispute, lawyer saysSam Bankman-Fried is in talks with U.S. prosecutors to resolve a dispute over the FTX cryptocurrency exchange founder's bail conditions, his lawyer said on Thursday.
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Sam Bankman-Fried Negotiating Bail Conditions: Court FilingBankman-Fried’s current bail conditions bar contact with current or former employees of FTX and Alameda Research, something that the disgraced founder is alleged to be doing.
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