A Grand Unified Theory Of The FTX Disaster
November 30, 2022
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“No matter what political reasons are given for the war, the underlying reason is always economic.” -A. J. P. Taylor
“No matter what political reasons are given for the war, the underlying reason is always economic.” -A. J. P. Taylor
The collapse of FTX has put Grayscale, the world’s largest Bitcoin trust, in meltdown, with it refusing to disclose its proof of reserves to clients.
According to a statement posted on Amber’s website on Friday, Tiantian Kullander, the 30-year-old Co-Founder of crypto trading platform Amber, has died unexpectedly in his sleep.
UAE has the capacity to become the actual incubator of the post-fiat world with the right diligence and enough capital. Dubai is now emerging as a new crypto power center and may anchor crypto bailout fund.
Sam Bankman-Fried’s parents bought Bahamas vacation home with $121 million in FTX money. Professors of law Joseph Bankman and Barbara Fried from Stanford University were identified as signatories on a property in Old Fort Bay that was allegedly utilized as a vacation home.
Sam Bankman-Fried, the founder of FTX, which was, until last week, the world’s second-largest cryptocurrency exchange, is today facing prison time for allegedly defrauding his customers of billions of dollars. Bankman-Fried, 30, donated to many progressive causes allied with the “effective altruism movement,” including pandemic prevention and response.
IRS Criminal Investigations has seized $3.4 billion in bitcoin stolen from the Silk Road by a man named Zhong, who appears to have discovered a weakness in that dark-web market that in 2012 allowed him to somehow pull more coins out of accounts he made there than he had placed.
A cashless society would be the nail in the coffin for liberty and freedom, offering centralization, the likes of which Marx could only dream. The existence of a government backdoor or spyware becomes a real possibility, and given the State’s track record, a real likelihood. Then, of course, the ability
FTX’s bankruptcy filing in the federal bankruptcy court on Thursday revealed many crazy things, like that most of FTX’s digital assets have not been secured.
