FTX News
Crypto-Focused Bank Silvergate Plans to Wind Down Following Blow From FTX
Crypto-focused bank Silvergate Capital Corp. said on Wednesday it planned to wind down operations and voluntarily liquidate after it was hit with losses following the ...
FTX’s Crash Exposes Insurance Black Hole That Risks Impeding Crypto Sector Recovery
A long road lies ahead to repair confidence in crypto after unprecedented bankruptcies and hacks, including the major challenge of giving investors a way of insuring ...
FTX Liability Tentacles Spread Far
As the spectacle knowingly or unwittingly orchestrated by Sam Bankman-Fried, cofounder of bankrupt cryptocurrency exchange FTX Trading and cryptocurrency trading firm ...
We Insured FTX
Late last year, the leader of a Bermuda insurance company specializing in coverage for emerging sectors, including the digital asset ecosystem and companies working in ...
Insurers Denying Coverage to FTX-Linked Crypto Firms as Contagion Risk Mounts
Insurers are denying or limiting coverage to clients with exposure to bankrupt crypto exchange FTX, leaving digital currency traders and exchanges uninsured for any ...
Collapse of FTX Provides Governance Lessons for Insurers: AM Best
The collapse of the cryptocurrency exchange FTX demonstrates the dangers of failures of corporate governance, according to a commentary published by AM Best. While FTX is not an insurance company, ...