Crypto ‘smart’ money? Big businessmen fell in love with Sam Bankman-Fried

Crypto ‘smart’ money?  Big businessmen fell in love with Sam Bankman-Fried

I was shocked when I first learned how a mess like Sam Bankman-Fried got away with convincing so many seemingly smart people—big money managers, venture capitalists, and all those celebrity ambassadors—that he was a genius investing kid, they should hand over a lot of money for him to play with. That is, until I witnessed … Read more

Armstrong, CEO of Coinbase: FTX’s “Baffling” Bankman-Fried is not in custody

Armstrong, CEO of Coinbase: FTX’s “Baffling” Bankman-Fried is not in custody

FTX founder Sam Bankman-Fried should be in custody by now, as far as Brian Armstrong is concerned. The Coinbase CEO said this week that he is “baffling to me why he is not in custody.” “The Department of Justice or someone should be able to do, just based on their public statements, I think there’s … Read more

Justice Department Watchdog Calls for Review of Crypto Fraud Allegations

Justice Department Watchdog Calls for Review of Crypto Fraud Allegations

John Ray, CEO of FTX Cryptocurrency Derivatives Exchange, arrives at bankruptcy court in Wilmington, Delaware, USA, on Tuesday, November 22, 2022. eric reads | Mayor Bloomberg | fake images The Justice Department has requested that an independent examiner be appointed to review “substantial and serious allegations of fraud, dishonesty” and “incompetence” after the implosion of … Read more

Elon Musk will make a new phone if Apple and Google ban Twitter

Elon Musk will make a new phone if Apple and Google ban Twitter

Now Elon may or may not want to fix phones.Photo: Suzanne Cordeiro / AFP from twitter New ruler Elon Musk makes so many pronouncements on the platform that it’s hard to keep track of him. This week only, Musk Twitter users surveyed about whether to provide “general amnesty” to suspended accounts and got in a … Read more

FTX will sell or restructure global empire, CEO says

FTX will sell or restructure global empire, CEO says

FTX’s new CEO said Saturday that the bankrupt cryptocurrency exchange is looking to sell or restructure its global empire, even as Bahamian regulators and FTX squabble over court documents and press releases over whether the bankruptcy filing should proceed in New York or Delaware. “Based on our review last week, we are pleased to learn … Read more