Over the past few weeks, a mushroom of secrets about the inner workings of Sam Bankman-Fried’s crypto exchange, FTX, have come to light. From that, the once shadowy figure of Caroline Ellison has emerged as an important character behind FTX’s seeming success and surprising downfall. Ellison was the head of Alameda Research — the trading […]
Tag: CRYPTO
Crypto trader exodus after FTX collapse
The wild-west days of crypto markets are back again as the large trading houses that once thrived on arbitraging price gaps pull back in the wake of FTX’s collapse. That’s opening up profitable opportunities for anyone that still dares to trade. Prices for essentially identical assets on various platforms are diverging in a clear sign […]
FTX investors fear they lost everything, they most likely have
FTX spent big money to make trading crypto popular and gain people’s trust. The company had an arena in Miami named after it and aired scores of TV commercials with superstars like Tom Brady and Steph Curry. “I’m not an expert and I don’t need to be,” NBA champion Curry says in one ad. “With […]