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” Law Decoded, Nov. 7–14: How regulators reacted to the FTX crash “ Last week was tough — the alarming series of crypto meltdowns continued with the failure of FTX, one of the biggest exchanges on the market. The crypto industry’s very own “Lehman Brothers moment” pushed regulators to react. United States Senator Cynthia Lummis,…
” Crypto Twitter unhappy with SBF ‘puff piece’ pushed by mainstream media “ When the world realized that Sam “SBF” Bankman-Fried had seemingly committed fraud when building his FTX empire, fellow entrepreneurs, investors and long-time believers unanimously acknowledged the damage caused to the credibility of the crypto ecosystem. On the other hand, some mainstream media outlets —…
” Sam Bankman-Fried’s weird, cryptic tweets attract even wilder theories “ Sam Bankman-Fried, the founder and former CEO of the now-bankrupt cryptocurrency exchange FTX created a strange Twitter thread starting on Nov. 14 attracting the attention and speculation of the crypto community. The latest tweet at the time of writing posted by Bankman-Fried at 5:30…
” FTX collapse could see crypto sector layoffs accelerate “ The fall of crypto exchange FTX and potential resulting contagion could lead to an acceleration of crypto-company layoffs in the coming months, recruitment specialists warn. A Nov. 14 report from crypto data aggregator platform CoinGecko found that as of Nov. 13, the crypto space has…
” Visa terminates debit card program with FTX “ Only a month after payments giant Visa announced a partnership with FTX to roll out a debit card program in 40 countries worldwide, Visa has abruptly ended the program due to FTX’s recent insolvency and bankruptcy issues. FTX’s liquidity issues were triggered last week when Binance…
“Uncle Sam is playing the same game as broke, disgraced crypto king” “Everyone can understand zero.” That’s likely to be the epitaph of high-flying investor — and Democratic megadonor — Sam Bankman-Fried’s crypto business, FTX. FTX invested a lot of its customers’ money in the Bankman-Fried-founded company Alameda Research. As The Maine Wire explains: “Alameda…
” Let’s move on from FTX’s collapse and get back to the basics “ Pundits are calling the collapse of the FTX exchange the end of cryptocurrency and venture capitalism related to it. But it’s not. Some of them anointed Sam “SBF” Bankman-Fried “The King of Crypto” — and then summarily killed the king. But,…
” Bitcoin derivatives data reflects traders’ mixed feelings below $17,000 “ Bitcoin (BTC) lost 25.4% in 48 hours, bottoming at $15,590 on Nov. 9 as investors rushed to exit positions after the second-largest cryptocurrency exchange, FTX, halted withdrawals. More importantly, the sub-$17,000 levels were last seen almost two years prior, and the fear of contagion…
“How World Economic Forum, others are hiding past ties with FTX” The shocking implosion of the FTX crypto exchange has become an embarrassment for a who’s who among global elites, with some issuing mea culpas — and others apparently scrambling to hide their ties to its disgraced, 30-year-old founder Sam Bankman-Fried. Web archive sites show…
“Meet Caroline Ellison, Sam Bankman-Fried’s rumored ex-girlfriend” Caroline Ellison — the 28-year-old CEO of doomed crypto firm Alameda Research — is facing scrutiny not only over the firm’s multibillion-dollar meltdown, but also over rumors that she’s the ex-girlfriend of disgraced FTX founder Sam Bankman-Fried. Ellison and Bankman-Fried were part of “cabal of roommates” based in…