ftx
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If you think of Bitcoin as an “alternative investment,” you already lost
Bitcoin is a savings technology. The paradigm shift afforded by Satoshi’s innovation was the ability to claim absolute and sovereign ownership. A major cryptocurrency exchange on the brink. Another shuttered after outright fraud, deception, and criminal behavior. Yet more feeling the heat of digital bank runs. To outside observers, the world of Bitcoin and its…
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After the FTX Fraud, It’s Time to Be Even More Bullish on Bitcoin and Crypto
When the Securities and Exchange Commission announced charges against FTX CEO Sam Bankman-Fried this week, it ended a nearly 2-month-long drama. Bankman-Fried’s unethical business setup between his hedge fund Alameda Research and crypto exchange FTX (including the 130 related companies now in bankruptcy) were enough of a worry for the broader cryptocurrency economy and devotees…
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Is FTX the biggest scam ever?
I’m invited on HeardTell with madman Andrew Donaldson to discuss the collapse and fraud of the crypto exchange FTX.
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What the collapse of FTX means for crypto in Europe
Just a few days ago, FTX was the second-largest crypto exchange in the world with a significant user base across the European Union. Now, after revelations of the company’s finances and opaque dealings by CEO Sam Bankman-Fried, the company faces a collapse causing contagion across the cryptocurrency economy. This will likely have a large impact…
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The Sam Bankman-Fried Hold on the Trillion-Dollar Crypto Trade Leaves It Vulnerable
Throughout the cascading cryptocurrency collapses and bankruptcies this summer, one name rose to the top: Sam Bankman-Fried, also known as SBF. The Bahamas-based American billionaire entrepreneur heads FTX, the world’s second-largest cryptocurrency exchange. This year, he’s become a primary protagonist in the folding of crypto platforms and hedge funds like Celsius Network, Voyager and Three…