Ether/USD

DCG’s Barry Silbert writes letter to investors after FTX collapse

Barry Silbert, the founder of the crypto conglomerate Group of digital currenciesjoined a growing list of industry leaders in an attempt to calm investors’ nerves after FTX’s sudden collapse. In a note to shareholders Tuesday, Silbert addressed all the “noise” about the financial health of DCG’s subsidiaries, which include trading company Genesis, Grayscale Investments and …

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How Sam Bankman-Fried’s FTX-Alameda empire vanished overnight

Samuel Bankman-Fried’s poster in downtown San Francisco. MacKenzie Sigalos | CNBC The Kimchi Swap put Sam Bankman-Fried on the map. The year was 2017, and the ex-Jane Street Capital quant trader noticed something funny when he looked at the page on CoinMarketCap.com listing the price of bitcoin on exchanges around the world. Today, that price …

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