Regulations

U.S. Capitol Hill (WOWstockfootage/Getty Images)

After a whirlwind election week dogged by crypto market madness, the industry's regulatory future in the U.S. is in the hands of a divided government.

By Sandali Handagama

Nov 13, 2022 at 5:25 p.m. UTC

Nov 13, 2022

RegulationsUSSenateCongressElection 2022FTX

Policy

Regulations

Bahamas Securities Regulator Says It Didn't Order FTX to Reopen Local Withdrawals

FTX said last week it had allowed Bahamas-based customers to withdraw funds at its regulators' request.

By Nikhilesh De

Nov 13, 2022 at 3:46 a.m. UTC

Nov 13, 2022

RegulationsFTXBahamasBankruptcy

FTX's new CEO confirmed that the exchange and its American subsidiary were hacked. (Leon Neal/Getty Images)

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Regulations

FTX CEO John Ray Confirms Late-Night Hack, Says Company Is Working With Law Enforcement

Ray said FTX and FTX US are making “every effort to secure all assets, wherever located.”

By Cheyenne Ligon

Nov 12, 2022 at 7:04 p.m. UTC

Nov 12, 2022

RegulationsFTXHack

Finance

Regulations

'FTX Has Been Hacked': Crypto Disaster Worsens as Exchange Sees Mysterious Outflows Exceeding $600M

FTX officials appeared to confirm rumors of a hack on Telegram, instructing users to delete FTX apps and avoid its website.

By Cheyenne Ligon Sam Reynolds Sam Kessler Nikhilesh De Reilly Decker

Nov 12, 2022 at 4:20 a.m. UTC

Nov 12, 2022

RegulationsFTXFTX USSam Bankman-FriedHack

BlockFi CEO Zac Prince at Consensus 2019 (CoinDesk)

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Regulations

California Finance Regulator Revokes BlockFi's Lending License

FTX, which filed for bankruptcy Friday, had given BlockFi a $400 million line of credit.

By Nikhilesh De

Nov 11, 2022 at 9:24 p.m. UTC

Nov 11, 2022

RegulationsBlockFiFTXCalifornia Department of Financial Protection and InnovationBankruptcy

FTX CEO Sam Bankman-Fried (Jesse Hamilton/CoinDesk)

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Regulations

FTX Employees Worldwide Learned of Bankruptcy Along With the Public

Staff from FTX Japan and other subsidiaries found out about the insolvency filing on Twitter, CoinDesk was told.

By Lavender Au Sandali Handagama

Nov 11, 2022 at 6:24 p.m. UTC

Nov 11, 2022

RegulationsFTXJapanBankruptcyFTX USSam Bankman-Fried

Former FTX CEO Sam Bankman-Fried in the Bahamas (Danny Nelson/CoinDesk)

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Regulations

FTX Files for Bankruptcy Protection in US; CEO Bankman-Fried Resigns

Bankruptcy filings attributed to FTX US and Alameda Research estimate each company has $10 billion to $50 billion in liabilities.

By Nikhilesh De

Nov 11, 2022 at 2:18 p.m. UTC

Nov 11, 2022

RegulationsFTXBankruptcyFTX US

Sens. Pat Toomey, Cynthia Lummis and Rep. Patrick McHenry at Consensus 2022 (Shutterstock/CoinDesk)

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Regulations

FTX Collapse Sparks Alarm From US Lawmakers

Lawmakers called for financial regulators to investigate the situation and suggested further legislation is needed.

By Nikhilesh De

Nov 11, 2022 at 1:19 a.m. UTC

Nov 11, 2022

RegulationsFTXPat ToomeyPatrick McHenryCynthia LummisSherrod BrownMaxine Waters

Sam Bankman-Fried (Danny Nelson/CoinDesk)

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Regulations

California Financial Regulator Announces FTX Investigation

California becomes the first state to officially announce an investigation.

By Nikhilesh De

Nov 11, 2022 at 12:31 a.m. UTC

Nov 11, 2022

RegulationsFTXCaliforniaCalifornia Department of Financial Protection and Innovation

Former FTX CEO Sam Bankman-Fried (Jesse Hamilton/CoinDesk)

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Regulations

US Justice Department, Regulators Contacted Binance on FTX Talks: Source

The authorities want to know what Binance learned about FTX's inner workings.

By Jesse Hamilton

Nov 10, 2022 at 7:22 p.m. UTC

Nov 10, 2022

RegulationsFTXBinanceUS Department of Justice