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5 essential travel tips...

India is a land of contrasts, with a...

5 lesser-known facts about...

The Notre-Dame cathedral is Europe's most-visited historic monument,...

Ready to set sail...

Next year is looking like a banner year...

Mount Rushmore, other USA...

Fewer planes and helicopters will be flying tourists...
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WSJ News Exclusive | FTX Effort to Save Itself Failed on Questionable Assets

When crypto exchange FTX was struggling to raise cash early last month, it seized billions of dollars worth of collateral from its trading arm, Alameda Research, and used it to try to convince investors of its financial health, former FTX Chief Executive Sam Bankman-Fried said.

But much of it didn’t add up. A big chunk of the assets consisted of four thinly traded crypto tokens closely connected to Mr. Bankman-Fried and FTX employees and mostly held by Alameda. The tokens were likely worth far less than the $6.4 billion marked on the balance sheet FTX was shopping to investors in the hope of a bailout, according to market data and crypto researchers.



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