Watch: The Bahamas worked for years to lure crypto companies to its shores. It got FTX. Here’s how the company’s collapse could harm the country’s status as a crypto hub.
News Explainers
Some days the high-speed news cycle can bring more questions than answers. WSJ’s news explainers break down the day's biggest stories into bite-size pieces to help you make sense of the news.Snap shifted from overdrive to reverse this year as it prepares for its lowest period of sales growth since going public. WSJ’s Meghan Bobrowsky explains how Snap’s dependence on digital ads led to its restructuring efforts.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fallen FTX boss spent lavishly in Bahamas while allegedly misusing customer fundsSam Bankman-Fried spent a massive amount of money in his year in the Bahamas — before his crypto empire collapsed and declared bankruptcy earlier this month.
Read more »
FTX hacker dumps 50,000 ETH, still among top 40 Ether holdersThe FTX hacker drained nearly $447 million out of multiple FTX global and FTX.US exchange wallets just hours after the crypto exchange filed for Chapter 11 bankruptcy on Nov. 11.
Read more »
FTX illustrated why banks need to take over cryptocurrencyBanks should embrace crypto as a way to mitigate risk and prevent losses that consumers at the hands of rogue crypto exchanges.
Read more »
What to Expect as FTX Debuts Biggest Crypto Chapter 11 in CourtFTX is expected to make its debut appearance Tuesday in Delaware bankruptcy court, where its new management is expected to recount events leading up to the cryptocurrency platform’s sudden collapse and explain the steps it has since taken to secure customer funds and other assets.
Read more »
Sam Bankman-Fried and the FTX collapse, explainedFTX was one of the largest digital currency exchanges, where people could buy and sell currencies like bitcoin. It quickly rose to international prominence and seemed unstoppable. Then, the firm filed for bankruptcy. Here’s what happened.
Read more »