FTX held less than $1bn in liquid assets against $9bn in liabilities

This is a thread of my thoughts and feelings about the actions that led to FTX’s bankruptcy, and the enormous harm that was caused as a result, involving the likely loss of many thousands of innocent people’s savings.

This is a thread of my thoughts and feelings about the actions that led to FTX’s bankruptcy, and the enormous harm that was caused as a result, involving the likely loss of many thousands of innocent people’s savings.— William MacAskill (@willmacaskill) November 11, 2022

Transcript of Sam Bankman-Fried’s Interview at the DealBook Summit (Published 2022)

In a discussion with Andrew Ross Sorkin of The New York Times, Sam Bankman-Fried blamed “huge management failures” and sloppy accounting for the collapse of the FTX cryptocurrency exchange.

How Sam Bankman-Fried’s Crypto Empire Collapsed (Published 2022)

Mr. Bankman-Fried said in an interview that he had expanded too fast and failed to see warning signs. But he shared few details about his handling of FTX customers’ funds.

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Financial Ecosystems for Systemic Transformation

'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.

Five US tech giants' hidden debts soar to $1.65tn on opaque AI funding

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One Nation’s ‘incredibly sloppy’ financial reports reveal more than $1m in missing or worthless assets

Financial returns, obtained by the Guardian, are ‘very poor and unprofessional’ and call into question party’s fitness to govern, expert says

Sam Bankman-Fried Draws From Vast Vocabulary of Weasel Words During Cross-Examination

During Sam Bankman-Fried's cross-examination on Monday, the disgraced FTX founder seemd to suffer from memory loss and evaded prosecutions questions.

The Quiet Rewiring of American Finance

Stablecoins, Treasury markets, and the most significant shift in financial infrastructure that almost nobody is discussing.

Why Only One Top Banker Went to Jail for the Financial Crisis (Published 2014)

The economic catastrophe of 2008 was the largest of its kind since the Depression. Who’s taking the fall?

Tax and the Law of Market Cycles

<p>The signature development in financial regulation over the past two decades has been the macroprudential turn: the recognition that healthy financial conditi

Ultramarine 1 Flash: Scaling Non-Verifiable RL — Paper Instruments

Ultramarine 1 Flash: Scaling Non-Verifiable RL across Finance, Law, Consulting, and Operations

Private Markets Charge More

Also dual-class SpaceX stock, fake Iranian crypto fees and Global Tetrahedron M&A.

The Co-Holding Puzzle: New Evidence from Transaction-Level Data

The tendency of consumers to hold low-yield liquid savings while simultaneously holding high-cost unsecured credit on revolving credit lines is a long standing