(Reuters) – FTX founder Sam Bankman-Fried sold a stake in the company worth $300 million when the crypto exchange raised capital last year, the Wall Street Journal reported on Friday, citing the[...]
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Economy
U.S. existing home sales plunge; tight inventory keeps prices rising
By Lucia Mutikani WASHINGTON (Reuters) – U.S. existing home sales tumbled for a record ninth straight month in October as the 30-year fixed mortgage rate hit a 20-year high and prices remained e[...]
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Explainer-Crypto lender Genesis plagued by contagion concern after FTX blowup
By Hannah Lang and Elizabeth Howcroft (Reuters) – The uncertain future of Genesis Global Capital, one of the biggest crypto lenders, is fueling concern that the recent collapse of crytpo exchang[...]
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What’s in a name? EU watchdog cracks down on ESG investment funds
By Huw Jones LONDON (Reuters) – The European Union’s securities watchdog on Friday proposed strict curbs on how investment funds are sold in the bloc if they tout environmental, social and[...]
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Exclusive: How FTX bought its way to become the ‘most regulated’ crypto exchange
By Chris Prentice, Angus Berwick and Hannah Lang (Reuters) – Before it collapsed this month, FTX stood apart from many rivals in the largely unsupervised crypto industry by boasting it was the[...]
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Explainer-What’s next in FTX’s bankruptcy
By Dietrich Knauth (Reuters) – Crypto exchange FTX filed for Chapter 11 bankruptcy protection in the United States on Friday following its precipitous collapse, saying it could owe money to more[...]
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Factbox-FTX’s new CEO assesses the exchange’s failings
By Tom Hals (Reuters) – John J. Ray III, the new chief executive of bankrupt cryptocurrency exchange FTX, on Thursday laid out his assessment of the failures that led to the biggest collapse in[...]
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U.S. IPO price pops prompt fraud and ‘pig butchering’ warnings
By John McCrank NEW YORK (Reuters) – U.S. exchanges and Wall Street’s top cop on Thursday warned about a heightened threat of fraud mostly involving the initial public offerings of small c[...]
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‘Wave’ of lawsuits over FTX expected, but investors will face legal hurdles
By Jody Godoy (Reuters) – A lawsuit by FTX account holders in the United States is likely the first of many that will be brought over billions of dollars in losses on the cryptocurrency exchange[...]
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