The downfall of FTX was swift and brutal. In a manner of eight days earlier this month, the crypto exchange – developed as a skunk-work project inside Sam Bankman-Fried’s quant-driven trading shop, Alameda Research – went from being one of the most used and valuable crypto companies ever to a pile of failed bets and worthless tokens. How exactly the firm collapsed is still a matter of investigation. 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 about a company that ... (full story)