FTX Fiasco: Risk Management Lessons Learned - Global …
WEBDec 16, 2022 · The stunning collapse of FTX is an age-old story of management hubris, excessive risk-taking and insufficient regulation and risk management. But the catastrophe has also given us more food for thought on the importance of risk leadership and culture.
Who's Who in the FTX Inner Circle - CoinDesk
WEBNov 22, 2022 · Three U.S. federal agencies – the Department of Justice, Securities and Exchange Commission and Commodity and Futures Trading Commission – are probing the remains while insiders begin to speak out...
Risk Management at Crypto Firms Is in Focus Following FTX …
WEBJan 9, 2023 · Cryptocurrency companies are disclosing more information about their internal controls and risk management following the collapse of FTX, but a level of transparency in the industry that...
Risk Lessons from FTX | Smith School
WEBDec 7, 2022 · Another way to understand FTX’s failed risk management is to apply the goldfish theory (the fish tank size determines the goldfish size). Management attitudes toward risk, Rossi says, determine the size of the fish tank reflected by the stature and effectiveness of risk management.
The Collapse of FTX: What Went Wrong With the Crypto Exchange?
WEBSep 9, 2024 · The revelations raised concern across the cryptocurrency industry that FTX was overly leveraged with Alameda Research, relied on precarious financial accounting metrics, and faced associated...
FTX’s Sister Firm, Alameda Research, Was Central to Collapse …
WEBDec 1, 2022 · Mr. Bankman-Fried seemed to frame the failure of his $32 billion cryptocurrency exchange, FTX, largely as a risk management problem that got out of hand. Here’s a look at his comments:
FTX Filings Highlight Crypto Industry Risk Management
WEBPer a recent Securities and Exchange Commission (SEC) filing, FTX’s guiding whitepaper advertised that the exchange was built on “industry-leading risk management systems,” and boasted that...
Risk Management Lessons from FTX’s Collapse | LogicGate Risk …
WEBJan 10, 2023 · With the stark illustration of FTX, companies need a path to better visualize and manage the risks that are unseen and not tracked, and risk management processes and tools that will sustainably scale as their business size and complexity grows.
FTX, risk management, and attack surfaces – Visibility is the Key
WEBNov 16, 2022 · The FTX crypto disaster is a great lesson in risk management. It brings into focus the importance of knowing where your valuables are and how they are being managed.
Sam Bankman-Fried admits FTX 'sure should have' done more to …
WEBOct 27, 2023 · Facing decades in prison on fraud and money laundering charges, FTX co-founder Sam Bankman-Fried testified in his own defense on Friday. After his attorneys first asked him how FTX protected ...