Crypto imploded in 2022, as investors lost faith in digital assets and the industry was plagued with crisis. But unlike other collapses, it has largely avoided rippling into other markets. WSJ explains how crypto became so interconnected.
Illustration: Mallory Brangancaptured public attention with the remarkable collapse of FTX this past November and the arrest soon after of the exchange’s founder, Sam Bankman-Fried. But the industry’s troubles began months before—and has continued to spread since. Below is a look at the key dates in the crisis.
This story seems to be missing a couple of key players.
letshearthetru SURPRISE,, i hope u like it,,lol
Could be described in few words greedy, stupid & dishonest.
The industry’s troubles started at the inception of becoming what you call an industry. The scam of all scams
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FTX’s Sam Bankman-Fried wins crypto case brought by TexasThe state board contended Bankman-Fried offered unregistered securities through FTX’s yield-bearing cryptocurrency accounts and that he owed refunds to Texas...
Source: dallasnews - 🏆 18. / 71 Read more »
Sam Bankman-Fried Negotiating Bail Conditions, Court Filing SaysCounsel for former FTX CEO Sam Bankman-Fried is currently in talks with U.S. prosecutors to “resolve the outstanding issues related to Bankman-Fried’s bail conditions,” according to a court filing. Meanwhile, Proposals to subpoena FTX founder Sam Bankman-Fried, his immediate family and senior staff of the bankrupt crypto exchange have been opposed by the U.S. Trustee. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De breaks down the latest on Sam Bankman-Fried and FTX's hearings. SBF_FTX nikhileshde trondao Any dollar SBF uses to bail himself out belongs to the people he defrauded from.
Source: CoinDesk - 🏆 291. / 63 Read more »
Bankman-Fried Family Subpoenas Opposed by US Government in FTX FilingPlans to subpoena FTX founder SBF_FTX and his immediate family for information about allegedly misappropriated funds have been opposed by the U.S. government. jackschickler reports. SBF_FTX jackschickler impeccable connections SBF_FTX jackschickler SBF_FTX jackschickler Wow, so the corruption goes all the way to the top? It means something if the Government is involved in the coverup
Source: CoinDesk - 🏆 291. / 63 Read more »
Sam Bankman Fried’s co-founder gave GOP govs group $500,000 right before bankruptcyJust days FTX filed for bankruptcy, the company’s co-CEO Ryan Salame wrote a $500,000 check to the Republican Governors Association, the main campaign arm tasked with electing GOP executives across the country. Yeah, R’s are just as corrupt as D’s. It doesn't matter if this is a drop in the bucket, we'll headline it LIKE THIS hoping that people won't click and read the article. -hidden-biden-documents-all-for-show via glennbeck Total set up had time to remove anything did TRUMP get this time NO! WHY?
Source: politico - 🏆 381. / 59 Read more »
Sam Bankman-Fried in talks to resolve bail dispute, lawyer saysSam Bankman-Fried is in talks with U.S. prosecutors to resolve a dispute over the FTX cryptocurrency exchange founder's bail conditions, his lawyer said on Thursday.
Source: Reuters - 🏆 2. / 97 Read more »
Sam Bankman-Fried Negotiating Bail Conditions: Court FilingBankman-Fried’s current bail conditions bar contact with current or former employees of FTX and Alameda Research, something that the disgraced founder is alleged to be doing. SBF_FTX thesamreynolds Thanks a lot Mrs Candice. My trading journey has been a rollercoaster and this is certainly high point of my life. Made my whole yearly wage in 3 months of being in your group trading. I recommend y'all to follow Candicestewartt for trading tips & guide to invest and earn more. SBF_FTX thesamreynolds “Bankman-Fried’s lawyers have also asked the court to remove the bail condition that prohibits him from accessing and transferring his crypto assets held by FTX.” ☝🏻This is a joke right? Right?☝🏻 He wants access to his crypto, but everyone else’s crypto at FTX is locked? SBF_FTX thesamreynolds So who were the other two co-signers?
Source: CoinDesk - 🏆 291. / 63 Read more »