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Fintech

The Fintech Files: FTX fallout, MPs make Binance squirm, and crypto sector full of ‘f****** sociopaths’

The collapse has already bruised the likes of BlackRock, VanEck and Sequoia Capital, and has seriously damaged the reputation of crypto in traditional finance circles

By

Alex Daniel

Zhao’s decision to very publicly sell off its holdings in FTX’s token, FTT, was among the first events in a chain that eventually finished with FTX’s insolvency
Zhao’s decision to very publicly sell off its holdings in FTX’s token, FTT, was among the first events in a chain that eventually finished with FTX’s insolvency Photo: Dado Ruvic/Alamy

It’s been seven days since Sam Bankman-Fried said: “FTX is fine. Assets are fine.” 

The now-deleted tweet came just before FTX went through a meltdown of historic proportions and speed – though it hasn't stopped Bankman-Fried tweeting, of course. 

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