How CoinDesk's FTX scoop made its corporate overlord vulnerable

Depending on how you look at it, this is either a warning about how tiny and interconnected the crypto world is or a warning about hiring journalists.

When CoinDesk broke a major story on Alameda Research’s financial situation, it also injured its own parent business.

That tale served as the catalyst for a chain of events that resulted in FTX declaring bankruptcy.

Due to the size of the lost funds

the story broke beyond the barrier of crypto antics and became a legitimate mainstream news item,

How CoinDesk's FTX scoop made its corporate overlord vulnerable

the kind that my landlady questions me about.

CoinDesk’s issue is that part of the funds that are locked in FTX are theirs.