Sam Bankman-Fried 'clearly had other people involved' in FTX fraud: Sujit Raman
TRM Labs general counsel Sujit Raman says it will be 'very difficult' to 'claw' back the money and funds lost by FTX.
FTX in photos: Sam Bankman-Fried's arrest in the Bahamas, new CEO John Ray III testifying and more
Sam Bankman-Fried’s Bahamas arrest and the FTX hearings this week gave us a glimpse at many of the players emerging in this financial collapse which could be bigger than Enron.
FTX's smallest investors may be biggest losers of crypto collapse
The collapse of FTX wiped out the assets of investors large and small, but the young and mom-and-pop investors in the crypto firm will be hardest hit.
FTX files in bankruptcy court to sell four of its businesses
FTX, formerly one of the largest crypto exchanges in the world, is seeking to sell four of its businesses. It submitted a court filing on the matter Thursday.
FTX collapse one of the 'great frauds' and 'tragedies' of our time: Thomas Gorman
Dorsey & Whitney partner Thomas Gorman joins 'Cavuto: Coast to Coast' to discuss the bipartisan bill on crypto money laundering and crypto industry regulations following the FTX collapse.
FTX fraud will make 'Enron look like peanuts': Former US attorney
Former U.S. attorney Guy Lewis weighed in on the hearing into the collapse of FTX.
Sam Bankman-Fried's relatives asked Bahamas prison if he could get vegan meals there: report
Relatives of FTX founder Sam Bankman-Fried have called the prison where he is being held in Nassau, Bahamas, to ask if he could get vegan meals delivered, a report says.
FTX fraud scandal will 'make Enron look like peanuts': Guy Lewis
Former U.S. attorney and prosecutor Guy Lewis reacts to Sen. Elizabeth Warren, D-Mass., and Kevin O'Leary clashing on whether crypto facilitates money laundering.
Brian Kilmeade on SBF: If you're paying off politicians, you know you're doing something wrong
Fox News host Brian Kilmeade slams former CEO Sam Bankman-Fried's actions and thought process behind FTX on 'Kudlow.'
FTX hearing: Warren, O'Leary clash on whether cryptocurrency facilitates money laundering
"Shark Tank" panelist and paid FTX spokesman Kevin O'Leary clashed with Sen. Elizabeth Warren, D-Mass., over proposed anti-money laundering rules for cryptocurrency.
Rep. Warren Davidson on FTX scandal: This was old-fashioned embezzlement
Ohio Republican Rep. Warren Davidson gives his take on how Congress should respond to the FTX collapse on 'Making Money.'
'Wolf of Wall Street' says Sam Bankman-Fried should 'shut up and listen to his lawyers'
“Wolf of Wall Street” investor Jordan Belfort roasted Wall Street brokers for funding Sam Bankman-Fried’s dying crypto empire despite numerous red flags.
Sen. Elizabeth Warren, celebrity investor Kevin O'Leary clash over cryptocurrency, money laundering
Massachusetts Sen. Elizabeth Warren got into a back-and-forth with FTX paid spokesman Kevin O'Leary during a Wednesday hearing over whether cryptocurrency facilitates money laundering.
FTX spox O'Leary says he called SBF and demanded, 'Where is the money, Sam?'
FTX spokesperson Kevin O'Leary described a confrontation he had with Sam Bankman-Fried after FTX's collapse, during a Senate Banking Committee hearing on Wednesday.
Bahamas jail where FTX's Sam Bankman-Fried reportedly heading is 'harsh,' rat-infested: State Department
Fox Hill Prison, where FTX founder Sam Bankman-Fried reportedly is heading following his arrest in the Bahamas, has "harsh" conditions and poor sanitation, the State Department says.
FTX paid spox Kevin O'Leary received $18M, previously called Bitcoin 'garbage'
FTX spokesperson Kevin O'Leary is a staunch denfender of the cryptocurrency industry, but in 2019 he trashed it, calling Bitcoin "worthless" and "garbage."
Amid billion-dollar losses from FTX collapse, 'not much' in the safe 'to take': Matthew Whitaker
Former acting U.S. Attorney General Matthew Whitaker discusses the indictment and charges of FTX's Sam Bankman-Fried and what it means for investors.
Commodity Futures Trading Commission sues Sam Bankman-Fried alleging fraud
CFTC Commissioner Kristin Johnson discusses the civil lawsuit against Sam Bankman-Fried, telling 'Cavuto: Coast to Coast' the commission will 'aggressively pursue' violators of the Commodities Exchange Act.
FTX collapse where people lost billions has 'silver lining,' O'Leary says: Industry is 'culling its herd'
Kevin O'Leary, an investor who served as a paid spokesman for FTX, says that the company's collapse has a 'silver lining' for the cryptocurrency industry as a whole.
In FTX hearing, 'The OC' actor Schenkkan rips cryptocurrency as 'largest Ponzi scheme in history'
Actor Ben McKenzie Schenkkan, who has starred in roles for “The O.C.,” “Southland,” and “Gotham,” testified Wednesday on the harms of cryptocurrency.
Cryptocurrency FAQs
What is Cryptocurrency?
Cryptocurrency, or crypto, is a form of digital asset that is secured by cryptography and the blockchain. The most notable example of a cryptocurrency is bitcoin, though thousands of other similar assets exist. Cryptocurrencies are regarded by many as the money tech of the future due to their accessibility and un-censorable nature.
How do cryptocurrencies work?
Cryptocurrency networks, or blockchains, are independently verified by a matrix of computers that record all transactions and ensure a consensus throughout the chain. This means that all network information is recorded immutably and permanently; transactions cannot be prevented, blocked, or changed. Network participants can thus trust each other and transact without the need for a centralized intermediary.
How can I buy a cryptocurrency?
There are many markets for cryptocurrencies where you can exchange USD for the cryptocurrency of your choice. These include centralized exchanges and services such as Coinbase and PayPal, or decentralized alternatives like UniSwap where you can swap between crypto-assets. To use a centralized exchange, you’ll need to submit personal information such as your passport or driver’s license. Note that the price of digital assets can change rapidly, so timing your purchases well is essential.
Where can I keep my crypto coins?
Cryptocurrencies can usually be held with the exchange or business you bought them from. However, as these exchanges can be hacked, it is advisable to move your assets to your own personal wallet. These wallets are more secure and can be accessed from your laptop, phone, or other mobile devices.
What can I buy with crypto?
Real work adoption of crypto is still ongoing. However, more businesses are accepting crypto and you can buy goods and services as diverse as real estate, stocks, travel, gambling, websites, and much more. This trend should continue over time as cryptocurrencies become better known, accepted and trusted.
Pros and cons of investing in a cryptocurrency
You may have read the news that crypto has broken all-time highs recently. This is the main advantage, that we are early in the asset’s history and prices have generally gone rapidly upwards. However, you should be aware that volatility is significant and you can similarly lose money quickly if your timing is poor. Security is also a major issue and you must ensure you secure your crypto and transactions well or you could become a victim of theft or fraud.