CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Stéphane Ouellette, the CEO of FRNT Financial, discusses the potential contagion risks following FTX's collapse.
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New FTX CEO details 'complete failure of corporate controls' at crypto platformThe new CEO and restructuring officer of FTX issued a searing indictment of the company’s operations in a court filing as part of the company’s ongoing bankruptcy process. “Never in my career have I seen such a complete failure of corporate controls.'
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The Fall of Crypto's Golden Boy - The Journal. - WSJ PodcastsUntil last week, FTX founder Sam Bankman-Fried was the face of crypto. Admirers saw him as an approachable, friendly billionaire eager to deploy his wealth for good. Then his crypto empire imploded, leaving hundreds of thousands of investors’ assets in doubt. WSJ’s Greg Zuckerman profiles the man behind FTX. Further Reading: -How FTX’s Sam Bankman-Fried Went From Crypto Golden Boy to Villain -FTX Tapped Into Customer Accounts to Fund Risky Bets, Setting Up Its Downfall -Alameda, FTX Executives Are Said to Have Known FTX Was Using Customer Funds -FTX’s Collapse Leaves Employees Sick With Anger Further Listening: -How Crypto Giant FTX Suddenly Imploded
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TSM FTX drops FTXFTX had signed a huge sponsorship deal with TSM.
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The FTX contagion: Which companies were affected by the FTX collapse?Some of the firms affected include Genesis, Sequoia Capital, Galaxy Digital, and Galois Capital.
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Crypto News, Nov. 15: FTX Regulations and Nike Swooshes | CoinMarketCapIn today's crypto news roundup ✋ FTX Allegations Keep Growing As Details Emerge 🏅 Nike Drives Web3 Game With Dot Swoosh NFT Platform 🚫 EU Proposal Calls for Privacy Coin Ban 💸 St. Kitts and Nevis Consider Adopting Bitcoin Cash as Legal Tender
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