Bitcoin posted its steepest weekly fall since the 2022 FTX collapse, slipping below $61,000 after Michael Saylor's Strategy sold bitcoin for the first time since pledging never to.

A week that began with Strategy's bitcoin sale ended with one of the largest crypto market drawdowns in years.

Lawyers in court battles over FTX’s collapse are accusing attorneys for one group of plaintiffs of filing a legal brief with AI-generated hallucinations.

The crypto lender, a subsidiary of billionaire Barry Silbert's crypto empire, has filed for bankruptcy after weeks of speculation.

It took less than a week for FTX to go from the third-largest cryptocurrency exchange in the world to bankruptcy court.

The crypto lending arm of U.S. digital asset broker Genesis Trading suspended customer redemptions last month, citing the sudden failure of FTX. Genesis said in a tweet on Nov. 10 that its derivatives business has approximately $175 million in locked funds on FTX.

FTT has certainly fallen since the bankruptcy of its main sponsor FTX, but its market value remains above $510 million.

Bitcoin dropped 17.3% and Ethereum fell 22% in crypto's worst week since 2022, erasing $390B. ETF outflows and rate fears triggered the massive selloff.

Bitcoin price plunged below the Bitcoin Rainbow Chart’s lowest “Basically a Fire Sale!” band for only the second time since the FTX collapse, while the Fear and Greed Index sank to 12.