#FTX founder Sam Bankman-Fried arrested in Bahamas

#FTX founder Sam Bankman-Fried arrested in Bahamas

FTX founder Sam Bankman-Fried arrested in Bahamas The founder and former CEO of the bankrupt cryptocurrency platform FTX, Sam Bankman-Fried, was arrested Monday in the Bahamas and will be indicted in the U.S. as soon as Tuesday morning, according to U.S. and Bahamian authorities. The attorney general for the Bahamas said in a statement Monday that…

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#Lawmakers race toward Christmas deal on spending

#Lawmakers race toward Christmas deal on spending

Lawmakers race toward Christmas deal on spending Congressional negotiators are racing to strike a bipartisan deal on government funding for fiscal year 2023 this week, but they have a long way to go before they can put a bow on an omnibus before Christmas. Lawmakers have until midnight on Friday to pass legislation to keep…

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# What Paul Krugman gets wrong about crypto

# What Paul Krugman gets wrong about crypto

” What Paul Krugman gets wrong about crypto “ In mid-November, as crypto markets reeled in the aftermath of FTX’s meltdown, Nobel Prize-winning economist Paul Krugman made use of his New York Times column to disparage crypto assets — again. Despite his unquestionable academic credentials, Krugman reiterated a common misunderstanding in his attempt to understand…

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