FTX, Bitcoin, Super Bowl: One year later, crypto is absent. Kraken prioritizes education. Coinbase, lobbying.
The brilliant bitcoiner and entrepreneur Balaji Srinivasan has just published a scathing critique of the American state in its handling of the FTX case. According to him, the SBF case reveals the immense level of corruption within the establishment.
Steven Nerayoff, a former advisor to Ethereum, has publicly accused the founders of Ethereum of fraud. According to his allegations, Vitalik Buterin and Joseph Lubin, two iconic figures in the crypto industry, were conducting fraudulent activities 1,000 times larger than SBF. The founder of FTX, now convicted, orchestrated one of the biggest financial frauds in American history. But what are the reasons behind these accusations? Let's find out.
Accusations against SBF, the former CEO of crypto exchange FTX, continue to make headlines. And one thing is certain, the case won't calm down anytime soon, especially when Michael Lewis adds fuel to the fire. According to his statements, it seems that the relationship between Binance and FTX has never been smooth. Why?
Before November 2022, no one expected the American crypto exchange FTX, valued at over $32 billion, to meet such a tragic end. Colossal losses for the company, its creditors, and its founder Sam Bankman-Fried, investments worth thousands, if not hundreds of thousands, of dollars lost for its creditors (including individuals and institutions), plummeting cryptocurrency prices (Bitcoin, Ethereum, etc.). The toll is heavy. Now that the fallen young CEO of FTX is summoned to court to answer for his actions, we share some details that will send shivers down your spine.
A New Twist in the FTX Saga! Less than 24 hours before the start of his trial, Sam Bankman-Fried, the former CEO of the crypto exchange, is once again implicated in a suspicious affair. The fallen crypto king allegedly considered preventing Donald Trump from running in the presidential elections. And SBF was reportedly willing to dig deep into his pockets to buy the American statesman, according to the latest revelations.
There will be some rumblings in the crypto industry in the next few days. Because if approved, FTX will liquidate a large number of its digital assets. There's talk of a plan to sell $200 million in cryptocurrencies. Something to keep an eye on!
Scams, hacks, crackdowns, aggressive regularization… so many stories marring the crypto-sphere. When will these terrible nightmares end? No one has the answer yet. We might as well redouble our vigilance to avoid being fleeced by ill-intentioned project promoters like the scammers behind BALD.