Latest Stories

Sam Bankman-Fried says he will testify before the House Financial Services Committee after he’s finished “learning and reviewing” the events that led to the implosion of FTX.

FTX’s spectacular collapse should be a wakeup call for Congress to address risks posed by the largely unregulated crypto industry, Senate Banking Committee Chair Sherrod Brown said.

The cryptocurrency space is undergoing one of its roughest stretches in memory, with trouble brewing at exchanges and lenders, and token prices collapsing. But one company has been able to ride out the volatility.

Cryptocurrency exchange Bybit is planning to cut its workforce by 30% amid a continued bear market in the asset class, co-founder and Chief Executive Officer Ben Zhou said.

LedgerX, one of the few solvent pieces of Sam Bankman-Fried’s crumbled FTX empire, is for sale and attracting interest from would-be buyers including crypto giants Blockchain.com and Gemini, according to people familiar with the matter.

Bill Ackman said Saturday that his recent comments on Sam Bankman-Fried were misinterpreted.

Insolvency professionals overseeing the cleanup of defunct crypto hedge fund Three Arrows Capital said they have taken control of more than $35 million of hard currencies, seized more than 60 types of digital tokens and even sought $30 million from the sale of a superyacht named “Much Wow” as part of their recovery efforts.