Did CoinDesk break news about FTX?

CoinDesk Broke Big News About FTX. Now the News Is Closer to Home. The parent company of CoinDesk, one of the first news sites focused on the industry, faces questions about the operations and financial health of some of its subsidiaries. Michael Casey, CoinDesk’s chief content officer, at the publication’s video studio in Manhattan in July.

Did FTX use customer funds to prop up Alameda research?

The collapse has kicked off investigations by the Justice Department and the Securities and Exchange Commission focused on whether FTX improperly used customer funds to prop up Alameda Research, a trading firm that Mr. Bankman-Fried also founded.

Did FTX have a weakness in Alameda's balance sheet?

Mr. Allison had been collecting information on FTX’s financial state when, at a conference in October, he was told off the record about weakness in Alameda’s balance sheet, he wrote in an email to The Times. The source said FTT, a cryptocurrency that FTX had invented for traders to use on its platform, was being used to borrow other crypto assets.

What's going on with CoinDesk?

But now, the complications for CoinDesk are even greater. One of the businesses owned by its parent company, Digital Currency Group, a venture capital firm with stakes in numerous crypto projects, faces its own financial troubles and questions about its operations. It is part of the broader fallout in the crypto industry since FTX’s collapse.