FTX

FTX

FTX Customers to Receive Full Repayment After Court Clears $16.5B Plan

FTX has received court approval to repay customers whose digital assets were trapped on the platform after its collapse nearly two years ago, according to a report by Steven Church and Jonathan Randles for Bloomberg. The approval comes from U.S. Bankruptcy Judge John Dorsey, who signed off on a plan allowing FTX to compensate customers affected by […]
FTX

SBF’s Girlfriend Caroline Ellison Sentenced to 2 Years as Judge Kaplan Continues Handing Down Tough Punishments in the FTX Case

Caroline Ellison, the star witness in the prosecution of former FTX Co-Founder and CEO Sam Bankman-Fried, has been sentenced to two years in prison by a New York federal court. In addition to her prison sentence, Ellison has been ordered to forfeit $11 billion. The news was reported on Friday by CNBC’s Mackenzie Sigalos, who […]
FTX

Doctors Argue Sam Bankman-Fried’s Neurodivergence Hurt His Trial Defense

A group of eight doctors specializing in neurodivergence submitted an amicus brief in support of Sam Bankman-Fried’s appeal, arguing that his autism spectrum disorder (ASD) and attention-deficit/hyperactivity disorder (ADHD) negatively impacted his trial proceedings, according to a report by Jesse Coghlan for Cointelegraph. In March, Bankman-Fried, co-founder of FTX, was sentenced to 25 years in […]
FTX

Sam Bankman-Fried (“SBF”) Fights Back, Accuses Judge of Bias in FTX Fraud Trial

Sam Bankman-Fried, the co-founder of failed cryptocurrency exchange FTX, is appealing his conviction, seeking a new trial and accusing the presiding judge of bias. According to a Bloomberg report, Bankman-Fried’s legal team has filed an appeal with the 2nd Circuit US Court of Appeals, asserting that US District Judge Lewis Kaplan showed favoritism toward the […]

FTX’s Remarkable Bankruptcy Recovery: Creditors Set to Receive Full Payouts and More

In a stunning turn of events, cryptocurrency exchange FTX, which collapsed in November 2022, has accumulated billions of dollars more than the amount needed to cover customer losses. This extraordinary development sets the stage for a rare outcome in U.S. bankruptcy proceedings, where creditors are poised to receive full recoveries plus interest. The FTX bankruptcy […]
FTX

Life After FTX: The Uncertain Future of SBF’s Closest Associates

In the aftermath of the FTX scandal, a narrative unfolds around three individuals closely linked to Sam Bankman-Fried. As Bloomberg reported recently, Caroline Ellison, Nishad Singh, and Gary Wang, once integral to the cryptocurrency exchange, played pivotal roles in the events leading to Bankman-Fried’s recent 25-year sentence for a multibillion-dollar fraud. As per Bloomberg, the […]
FTX

Sam Bankman-Fried Tells ABC News: “I Never Thought That What I Was Doing Was Illegal” After Being Sentenced to 25 Years in Prison

Sam Bankman-Fried (aka “SBF”), the former cryptocurrency entrepreneur behind the fallen exchange FTX, was sentenced on March 28 to 25 years in prison for a series of financial frauds. In recent exclusive correspondence with ABC News, Bankman-Fried conveyed a deep sense of remorse for his actions, which precipitated one of the most dramatic downfalls in […]

Beyond SBF — How Crypto Evolves and AI Drives Business Efficiency: Insights from a Former FTX Investor

Arjun Sethi, the former CEO of Tribe Capital, appeared on CNBC’s “Closing Bell: Overtime” on March 28 to discuss the ramifications of Sam Bankman-Fried’s (SBF) trial and sentencing on the crypto industry. Arjun Sethi is a distinguished figure in the entrepreneurial and investment landscape, holding key positions as the Co-Founder, Chairman, and Chief Investment Officer […]

SBF Trial: The ‘Awkward Math Nerd’ Is Given a 25-Year Prison Sentence Despite Pleaing for ‘The Opportunity To Meet a Partner and Have a Baby’

On 28 March 2024, the U.S. Department of Justice (DOJ) announced that Samuel Bankman-Fried (aka “SBF”), a co-founder of the cryptocurrency exchange FTX and the trading firm Alameda Research, had been sentenced to 25 years in prison. The sentence, delivered by U.S. District Judge Lewis A. Kaplan, also includes three years of supervised release and […]
FTX

Former NYSE President Eyes FTX Revival Amid Bankruptcy Auction

In a bold move that could signal a significant turnaround in the cryptocurrency industry, Tom Farley, the former president of the New York Stock Exchange (NYSE), is reportedly making strides to relaunch the bankrupt crypto exchange FTX. According to a report published by The Wall Street Journal (WSJ) yesterday, Farley’s technology firm, Bullish, is actively […]
FTX

FTX Co-Founder Sam Bankman-Fried Defends Use of Client Funds as ‘Risk Management’ in Court Testimony

On October 31, Sam Bankman-Fried, commonly known as SBF, the co-founder and former CEO of the now-defunct cryptocurrency exchange FTX, testified in court that the utilization of clients’ fiat deposits was a component of “risk management” for his associated crypto hedge fund, Alameda Research. The court hearing took place on 31 October, where SBF was […]
FTX

SkyBridge Founder: Sam Bankman-Fried Is Going to ‘Get Skinned Alive’ When He Takes Stand at His Criminal Trial

On 25 October 2023, Anthony Scaramucci, former White House Director of Communications and the founder and managing partner of SkyBridge Capital, appeared on CNBC’s “Last Call” (hosted by Brian Sullivan) to share his thoughts regarding the ongoing criminal trial of Sam Bankman-Fried (SBF), the former CEO of the defunct crypto exchange FTX. Scaramucci’s Reflections on […]
FTX

Caroline Ellison Testifies in FTX Trial That SBF Told Her To “Keep Selling BTC if It’s Over $20K”

On October 10 and 11, Caroline Ellison, the former CEO of Alameda Research, testified in the criminal trial of Sam Bankman-Fried (SBF), the former CEO of the now-defunct crypto exchange FTX. According to CNBC, Ellison has become a key witness for the prosecution in SBF’songoing trial. She has previously pleaded guilty to multiple counts of […]
FTX

Ex-SEC Lawyer Labels Alameda Research as SBF’s Money Laundering Conduit

The Trial’s Opening Week Sam Bankman-Fried (SBF), the former CEO of the now-defunct crypto exchange FTX, is currently facing a criminal trial that began on October 3. Gary Wang, the co-founder of FTX and the prosecution’s key witness, testified for approximately six hours. He stated under oath that SBF directed activities that deceived investors and […]
FTX

FTX Co-Founder Gary Wang Testifies: Company Misrepresented $100 Million Insurance Fund

Gary Wang, the co-founder and former Chief Technology Officer of now-defunct crypto exchange FTX testified on 6 October 2023 that the company had manipulated the value of its insurance fund. This fund was purportedly established to safeguard users from significant losses during large-scale liquidation events. According to a report by Tom Mitchelhill for Cointelegraph published […]

Many FTX Customers Keep Faith in Crypto Despite Losses, According to CNBC Documentary

As you probably already know, FTX, a cryptocurrency exchange that was once a market leader, experienced a dramatic downfall last year, leading to bankruptcy and criminal charges against co-founder and former CEO Sam Bankman-Fried (SBF). According to a recent CNBC documentary, despite these setbacks, many of FTX’s customers remain optimistic about the cryptocurrency industry and […]

Former SEC Chair Jay Clayton on Why Recent Events Have Made Approval of a Spot Bitcoin ETF ‘Inevitable’

On 3 October 2023, Jay Clayton, the former chair of the U.S. Securities and Exchange Commission (SEC), appeared on CNBC’s ‘Squawk Box’ to discuss the criminal trial of Sam Bankman-Fried (SBF), the former CEO of the now-defunct crypto exchange FTX. Clayton offered insights into the government’s case, the role of witnesses, and the state of […]
FTX

Former SEC Lawyer John Reed Stark Says SBF Has ‘Diarrhea of the Mouth’

On 4 October 2023, John Reed Stark, a digital regulatory compliance expert with 15 years of experience as an SEC enforcement attorney, appeared on CNBC’s “Squawk Box” program to discuss with co-anchor Andrew Ross Sorkin the ongoing trial of Sam Bankman-Fried (SBF), the former CEO of the now-bankrupt crypto exchange FTX. Stark began by stating […]
FTX

DOJ Labels FTX a ‘House of Cards’ as Defense Shifts Blame to Caroline Ellison

The trial against Sam Bankman-Fried (SBF), co-founder and CEO of bankrupt crypto exchange FTX, kicked off yesterday in New York. The U.S. Department of Justice (DOJ) began its case by characterizing Bankman-Fried’s crypto venture as a “house of cards built on a lie.” In contrast, the defense argued that Bankman-Fried acted in good faith and […]
FTX

Former SEC Lawyer John Reed Stark on ‘Three Unique Reasons Why SBF Will Likely Be Convicted’

On 2 October 2023, John Reed Stark, a digital regulatory compliance expert with 15 years of experience as an SEC enforcement attorney, took to social media platform X to discuss the impending trial of Sam Bankman-Fried (SBF), the founder of FTX. John Reed Stark is a seasoned expert in cybersecurity, fintech, and regulatory compliance, with […]

Market Crash? FTX Gets Nod to Liquidate Over $3 Billion in Crypto Assets

Collapsed cryptocurrency exchange FTX has over the week received approval from the  U.S. Bankruptcy Court for the District of Delaware to sell and  invest its cryptocurrency holdings, valued at over $3 billion, to settle its debt with creditors, leading some analysts to believe the funds will be dumped on the market. Judge John Dorsey gave […]

DOJ Files Motion to Exclude Sam Bankman-Fried’s Expert Witnesses in FTX Trial

The U.S. Department of Justice (DOJ) has submitted a legal filing to prevent all of Sam Bankman-Fried’s proposed expert witnesses from testifying in his forthcoming trial scheduled for October. According to the documents filed by the DOJ, the defense’s proposed experts have multiple shortcomings that justify their exclusion from the trial. Per Decrypt’s article, the […]

FTX Co-Founder Sam Bankman-Fried Faces Jail Time Over Alleged Witness Tampering

Sam Bankman-Fried, the founder of the cryptocurrency exchange FTX, has been ordered to jail by a New York judge. According to a report by MacKenzie Sigalos for CNBC, this decision came after federal prosecutors accused him of tampering with witnesses, leading to the revocation of his bail. The judge’s decision means that unless an appeal […]

Ethereum’s Inventor Vitalik Buterin Shares Views on SBF and the Potential of AI in Creativity

Ethereum’s co-founder, Vitalik Buterin, recently expressed his perspective on Sam Bankman-Fried (aka “SBF”), the former CEO of now-defunct exchange FTX, and the crypto community’s initial skepticism toward him. According to a report by Decrypt, in episode 5 of The Aarthi and Sriram Show, Buterin revealed that despite Bankman-Fried’s prominence in mainstream media, many within the […]

Taylor Swift’s Unfulfilled $100 Million Deal with Bankrupt Crypto Exchange FTX

Pop icon Taylor Swift had reportedly signed a sponsorship deal with the now-bankrupt crypto exchange FTX, only for the exchange’s executives to back out, according to an anonymous source familiar with the matter who spoke to CNBC. The Deal That Never Was Contrary to public statements praising Swift’s due diligence, the source revealed that Swift […]

FTX’s Bankruptcy Costs Pile Up as Legal and Advisory Fees Hit $121.8 Million

The legal and advisory bills for the defunct cryptocurrency exchange FTX are rapidly accumulating, with data showing that between February 1 and April 30, advisory fees and costs totaled a staggering $121.8 million. According to data from The Block, legal representation from Sullivan & Cromwell was a significant contributor to the expenses, with the firm […]

FTX Group’s House of Cards: Uncovering a World of Mismanagement and Lack of Control

A newly-released explosive report on FTX Group’s previous management team reveals a house of cards built on control failures and mismanagement. On April 9, crypto researcher Molly White summarized the first report by FTX Trading Ltd. (d.b.a. FTX.com) and its affiliated debtors about the FTX Group’s control failures, which discusses control failures by FTX Group’s […]

Former FTX US President Explains Why He Left the Firm After Just 17 Months

On Saturday (14 January 2023), former FTX US President Brett Harrison talked about his brief tenure at bankrupt crypto exchange FTX US and his struggles with Sam Bankman-Fried (“SBF”) while working there. Before we look at what Harrison said yesterday, it is worth noting that in September 2022, here is how he announced his decision […]

Ripple CTO Shares His Thoughts on Upcoming Criminal Prosecution of Former FTX CEO

On Thursday (15 December 2022), David Schwartz, who is Ripple’s Chief Cryptographer and Chief Technology Officer (CTO), talked about the upcoming criminal prosecution of Sam Bankman-Fried (“SBF”), the disgraced Co-Founder and former CEO of crypto exchange FTX.  As you may remember, on Wednesday (30 November 2022), the New York Times held its annual DealBook Summit in New York […]

‘Digital Assets Are Not on Trial’, Says Senator Lummis at US Senate Banking Committee

On Wednesday (14 December 2022), U.S. Senator Cynthia Lummis (R-WY) explained during a hearing of the Senate Banking Committee that the failure of FTX does not mean that crypto is guilty since fraud is fraud regardless of how it is committed. According to a press release issued on 7 June 2022, “U.S. Senators Kirsten Gillibrand (D-NY), member of the Senate Agriculture […]

Guggenheim Partners CIO: Crypto Will Be ‘Transformative’ to the General Economy

On Wednesday (14 December 2022), Scott Minerd, Global Chief Investment Officer of Guggenheim Partners, shared his thoughts on crypto. Minerd is also the Chairman of Guggenheim Investments, which is “the global asset management and investment advisory division of Guggenheim Partners and has more than $233 billion in total assets across fixed income, equity and alternative strategies.” Guggenheim […]

U.S. Senator Toomey Explains Why FTX Collapse Does Not Justify Banning Crypto

On Wednesday (14 December 2022), U.S. Senator Pat Toomey (R-PA) explained during a hearing of the Senate Banking Committee that what caused the collapse of FTX was not crypto but the exchange’s bad behavior. Toomey’s comments were made during the “Crypto Crash: Why the FTX Bubble Burst and the Harm to Consumers” hearing of the U.S. Senate Committee on Banking, […]

InvestAnswers Host Explains Why Fair Value for Solana ($SOL) Is $52.61

On Tuesday (13 December 2022), James Mullarney, the host of the very popular YouTube channel “InvestAnswers”, shared his thoughts on Solana ($SOL). Here is how Coinbase described Solana in a blog post published on 29 June 2022: “Solana is a decentralized computing platform that uses SOL to pay for transactions. Solana aims to improve blockchain scalability by using a […]

U.S. Congressman Brad Sherman: ‘Crypto Is a Garden of Snakes’

On Tuesday (14 December 2022), U.S. Congressman Brad Sherman (D-CA) shared his thoughts on the crypto space in the wake of the collapse of FTX and the arrest of its disgraced founder and former CEO Sam Bankerman-Fried (aka “SBF”). Congressman Sherman, who was “born and raised in southern California” is “currently serving his thirteenth term in Congress and […]

Billionaire VC Chamath Palihapitiya on Former FTX CEO’s “Sophisticated Con”

Recently, billionaire venture capitalist Chamath Palihapitiya, who is the founder and CEO of investment firm Social Capital, shared his thoughts on Sam Bankerman-Fried (aka “SBF”), the disgraced Co-Founder and former CEO of now-bankrupt crypto exchange FTX. While speaking on the episode of the “All-In Podcast” released on 3 December 2022, the billionaire VC accused SBF of […]

ARK Invest CEO Explains Why Former FTX CEO “Didn’t Like Bitcoin”

On Sunday (11 December 2022), Catherine Wood, the Founder, CIO, and CEO of ARK Investment Management, LLC (aka “ARK” or “ARK Invest”) explained why the disgraced Co-Founder and former CEO of now-bankrupt crypto exchange FTX “didn’t like Bitcoin.” Earlier today, Wood told her 1.5 million Twitter followers that in her opinion Sam Bankerman-Fried (aka “SBF”) did not […]

Newly-Wed Couple Devastated by Loss of Some of Their Savings Thanks to FTX Collapse

Although people are often warned that married life can have its ups and downs, Jaime Zulueta and his Taiwanese bride probably were not expecting losing some of their funds due to the collapse of a major crypto exchange to be one of them. Zulueta, who is a crypto investor, recently shared with Cointelegraph how he and […]

ARK Invest CEO: ‘DeFi Will Actually Get a Boost’ From FTX Collapse

On Friday (9 December 2022), Catherine Wood, Founder, CIO, and CEO at ARK Investment Management, LLC (aka “ARK” or “ARK Invest”), talked about how she expected the several major bankruptcies we have seen in the crypto space would affect the crypto market. According to a report by The Daily Hodl, during her interview with Yahoo Finance, Wood […]

‘Shark Tank’ Star Says SBF Should Be ‘Afraid of Going to Jail for a Long Time’

billionaire investor and entrepreneur Mark Cuban says that FTX’s co-founder former CEO Sam Bankman-Fried (SBF) should be fretting over possible jail time.  Cuban is the majority owner of the professional basketball team Dallas Mavericks, as well as one of the “sharks” on the highly popular reality show “Shark Tank” (which is aired on the ABC television network). On […]

You Cannot Disregard $BTC and $ETH Just Because FTX Was a Scam, Says ‘Wolf of Wall Street’

On Tuesday (6 December 2022), Jordan Belfort, the man whose memoir “The Wolf of Wall Street in 2007” was adapted into a film (released in 2013), shared his thoughts on the crypto market in the wake of the collapse of crypto exchange FTX. According to a report by Bitcoin News, during a video (titled “My […]

Binance CEO Says Former FTX CEO (SBF) ‘Is One of the Greatest Fraudsters in History’

On Tuesday (6 December 2022), CZ, who is Co-Founder and CEO of the world’s largest crypto exchange (by trading volume), addressed criticisms that he was somehow responsible for the collapse of now-bankrupt crypto exchange FTX. On 2 November 2022, the collapse of SBF’s FTX empire started when CoinDesk published an article (titled “Divisions in Sam Bankman-Fried’s Crypto […]

Billionaire Investor Bill Ackman Found SBF ‘Believable’ During DealBook Summit Interview

On Saturday (3 December 2022), former crypto skeptic Bill Ackman, the Founder and CEO of hedge fund management firm Pershing Square Capital Management, shared his thoughts on Sam Bankerman-Fried (aka “SBF”), the disgraced co-founder and former CEO of bankrupt crypto exchange FTX. As you may remember, on Wednesday (30 November 2022), the New York Times held its […]

‘Black Swan’ Author Explains Why the Former FTX CEO ‘Needs To Be Behind Bars’

Nassim Nicholas Taleb, the best-selling author of “Black Swan” and “Antifragile” believes that Sam Bankerman-Fried (aka “SBF”), the disgraced co-founder and former CEO of bankrupt crypto exchange FTX, should be “behind bars” right now (rather than in his $30 million penthouse apartment in The Bahamas. Nassim Nicholas Taleb is a Lebanese-American essayist, scholar, mathematical statistician, […]

Coinbase CEO on ‘Stolen Customer Money’ Used by SBF’s Alameda Research

On Saturday (3 December 2022), Coinbase Co-Founder and CEO commented on the interview that Sam Bankerman-Fried (aka “SBF”), the disgraced co-founder of Alameda Research and co-founder and former CEO of bankrupt crypto exchange FTX, gave to Bloomberg recently at $30 million his Bahamian penthouse apartment. The following video from Wall Street Journal nicely summarizes how […]

Jim Cramer on Former FTX CEO: ‘Sam Whatever’ Is ‘Disgusting’, ‘Makes Me Sick’

On Thursday (1 December 2022), former hedge fund manager Jim Cramer made it very clear how he feels about Sam Bankerman-Fried (aka “SBF”), the disgraced co-founder and former CEO of bankrupt crypto exchange FTX. Cramer is the host of CNBC show “Mad Money w/ Jim Cramer“. He is also a co-anchor of CNBC’s “Squawk on the […]

Miami Nightlife Reeling From Sudden FTX Collapse

Miami’s vibrant nightclub scene, once flush with crypto entrepreneurs, is suffering in the wake of FTX’s sudden bankruptcy.  According to a report by the Financial Times (FT), Miami’s nightlife is being impacted by the collapse of crypto exchange FTX. The report claims that club owners in Miami, a city well-known for its vibrant and lavish […]

SBF Says ‘ I Didn’t Ever Try To Commit Fraud on Anyone’, Crypto Community Reacts

On Wednesday (30 November 2022), the New York Times held its annual DealBook Summit in New York City, an an event which was hosted by Andrew Ross Sorkin, Times columnist and DealBook founder and editor at large. Here were the main speakers/interviewees: Of course, the interviewee that most people were most excited about hearing from […]

Amazon Reportedly Working on TV Series About FTX With Same Directors As ‘Avengers: Endgame’

According to Variety, Amazon Studios has commissioned an eight-episode limited series about bankrupt crypto exchange FTX. On 11 November 2022, FTX.com issued the following press release: And here is how — on the same day — Sam Bankerman-Fried (aka “SBF”), the disgraced co-founder and former CEO of bankrupt crypto exchange FTX, announced the collapse of […]

Elon Musk on SBF: ‘WSJ Giving Foot Massages to a Criminal’

On Thursday (24 November 2022), Tesla and SpaceX CEO Elon Musk commented on Wall Street Journal’s very kind treatment of Sam Bankerman-Fried (aka “SBF”), the disgraced co-founder and former CEO of bankrupt crypto exchange FTX, in a report published earlier that day. On 11 November 2022, FTX.com issued the following press release: And here is […]

VC Firm Sequoia Capital Reportedly Apologizes for Investing in FTX

It seems that on Tuesday (22 November 2022) Silicon Valley venture capital firm Sequoia Capital had a conference call with investors in its fund(s) that had exposure to FTX.com and FTX US. On 8 November 2022, Samuel Bankman-Fried (aka “SBF”), Co-Founder and (now) former CEO of crypto exchange FTX.com, and CZ, Co-Founder and CEO of […]

FTX Fiasco Reduces Confidence in Crypto Exchanges, Drags Coinbase Stock to New Low

On Monday (21 November 2022), the price of Coinbase Global Inc. stock (Nasdaq: COIN) dropped to a new all-time low. On 8 November 2022, the Coinbase CFO published a blog post (titled “Our approach to transparency, risk management, and consumer protection”) in which she said: “First, from day one Coinbase has sought to be the most secure […]

‘Wolf of Wall Street’ Says SBF Was Using FTX As ‘His Own Personal Piggy Bank’

In a recent interview, Jordan Belfort, the man whose memoir “The Wolf of Wall Street in 2007” was adapted into a film (released in 2013), shared his thoughts on Sam Bankerman-Fried (aka “SBF”), the disgraced co-founder and former CEO of bankrupt crypto exchange FTX. Belfort’s comments were made during an interview on “Maria Bartiromo’s Wall Street”, […]

CEO of Minneapolis Federal Reserve: Crypto Is ‘A Tool of Speculation and Greater Fools’

Neel Kashkari, who took office as president and CEO of the Federal Reserve Bank of Minneapolis on 1 Jan 2016, recently explained why he is not impressed with crypto. Last Friday (18 November 2022), in the wake of the recent collapse of SBF’s FTX empire, Kashkari shared his latest thoughts on crypto. Commenting on a Wall […]

Former US Treasury Secretary Says FTX Is More Like Enron Than Lehman Brothers

Larry Summers, the “American economist who served as the 71st United States secretary of the treasury from 1999 to 2001,” says that the high-profile collapse of crypto exchange FTX is comparable to the Enron scandal of the early 2000’s.  Speaking in an interview with Bloomberg, Summers argued that while many were comparing FTX’s bankruptcy to that of banking giant […]

Grayscale Investments: “Our Products’ Digital Assets Remain Safe and Secure”

Grayscale Investments (“Grayscale”), a subsidiary of Digital Currency Group (“DCG”), says that “custody of the digital assets underlying Grayscale’s digital asset products is unaffected,” but it is not willing to disclose wallet addresses or provide on-chain Proof of Reserves (PoR). Here is how Coin Metrics Co-Founder Nic Carter, who has long been a strong proponent of […]

Visa CEO: “Good Stablecoin Regulation” Is “What’s Necessary To Build Back Confidence”

In a recent interview, Alfred F. Kelly, Jr. (aka “Al Kelly”), who is Chairman and CEO of Visa Inc., said that he hopes that the collapse of FTX will lead to good crypto regulation, which is “what’s necessary to build back confidence for people.” According to a report by The Daily Hodl, the outgoing CEO […]

$SOL: Real Vision CEO Says Solana Is a ‘Great Bloody Opportunity’ at Current Price Levels

Recently, a former Goldman Sachs executive explained why this could be a great time to buy $SOL, the native token of the Solana blockchain, despite all the doom and gloom surrounding the Solana ecosystem in the wake of the collapse of FTX. Here is how Coinbase described Solana in a blog post published on 29 June 2022: “Solana is a decentralized […]

$BTC: Anthony Pompliano Says ‘In Our Darkest Moment, Bitcoin Steps to the Forefront’

Recently, Anthony Pompliano (aka “Pomp”), Co-Founder of Morgan Creek Digital (MCD), wrote about “the loss of confidence in the crypto industry.” Pomp told his 1.6 million Twitter followers: “… people are drastically underestimating how much damage has been done this week to institutional interest in both bitcoin and the broader crypto ecosystem… Bitcoin will not only survive, […]

SBF Was ’One of the Most Brilliant Traders in the Crypto Universe, Says Shark Tank Star

In a recent interview, celebrity investor Kevin O’Leary (aka “Mr. Wonderful” on ABC TV series “Shark Tank“) shared his thoughts on Sam Bankerman-Fried (aka “SBF”), the disgraced co-founder and former CEO of bankrupt crypto exchange FTX. On 10 August 2021, FTX Trading Ltd. (“FTX.com”) and West Realm Shires Services Inc. (“FTX.US”) owners and operators of FTX.COM […]

U.S. Treasury Secretary: ‘More Effective Oversight of Cryptocurrency Markets’ Is Needed

U.S. Treasury Secretary Dr. Janet Yellen has spoken out on regulation of crypto markets in the wake of the recent collapse of crypto exchange FTX. On 11 November 2022, FTX issued the following press release: And here is how — on the same day — Sam Bankerman-Fried (aka “SBF”) announced the collapse of the FTX empire: The […]

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