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“The New York Times is yet another of Sam Bankman-Fried’s easy marks” The old joke is that “journalistic ethics” is a contradiction in terms. The New York Times is doing its best to prove it true this week, with its bizarre showcasing of Sam Bankman-Fried, the fallen founder of blown-up crypto exchange FTX, at the paper’s exclusive Davos-style…
” It’s time for crypto fans to stop supporting cults of personality “ Many of the centralized cryptocurrency platforms that collapsed this year had something in common: a young, outspoken and cocky leader. Each gained outsized influence not by virtue of outsized intellect or talent but because of their piles of money and large Twitter…
” Crypto Biz: Institutions short Bitcoin as SBF is ‘deeply sorry’ for FTX collapse “ The monumental collapse of FTX will go down as one of the biggest corporate scandals of all time. But, at least Sam Bankman-Fried, or SBF, is sorry. On Nov. 22, the disgraced founder of FTX penned a letter to his…
“Binance CEO Changpeng Zhao to create $1B crypto rescue fund” The billionaire CEO of cryptocurrency exchange Binance says he is allocating $1 billion toward buying up distressed assets in hopes of keeping the battered industry afloat in the wake of the disastrous collapse of rival FTX. Changpeng Zhao, who is known industrywide as “CZ,” told…
” FTX’s collapse could change crypto industry governance standards for good “ The crypto market is often referred to as the Wild West of the finance world. However, the events that have unfolded within this space recently would put to shame even the hardiest of cowboys from the day of yore. As a quick refresher,…
“Elon Musk denies report FTX’s Sam Bankman-Fried has Twitter shares: ‘He owns zero percent’” A fiery Elon Musk pushed back on published reports that disgraced FTX CEO Sam Bankman-Fried owns Twitter shares. In a series of tweets Wednesday afternoon, the billionaire called out Semafor for its “fake news” report that alleged Bankman-Fried rolled his $100 million holdings…
” Binance aims to allocate $1 billion for crypto recovery fund “ Binance intends to allocate $1 billion for a proposed industry recovery fund, while its CEO revealed intent in a new bid for assets of bankrupt cryptocurrency lending firm Voyager by its United States-based business. Speaking to BloombergTV on Nov. 24, Binance CEO Changpeng…
” UAE regulator revokes FTX license amid the exchange collapse “ As the FTX debacle still creates waves in the crypto industry and beyond, the Dubai Virtual Assets Regulatory Authority (VARA) has suspended the license which allows FTX to make preparations to service the local market. In an announcement posted on its official website, VARA…
” Recent FTX hacks prove it was right to ‘secure’ its assets: Bahamian regulator “ The Securities Commission of The Bahamas says the continued “hacking attempts” on FTX’s digital assets prove they made the right call to take control of the exchange’s assets on Nov. 12. In a statement on Nov. 23, the commission said…
” FTX miniseries gets go ahead, covering the ‘most brazen frauds ever committed’ “ An eight-episode limited series exploring the unraveling and scandals behind sunken crypto exchange FTX and its leadership is slated to soon begin production. The series has been purchased by technology conglomerate Amazon, and will likely air on Amazon’s video streaming service…