1 year ago
It’s been different chaotic week successful crypto, with a claimed FTX insider revealing a arguable papers related to erstwhile Alameda Research CEO Caroline Ellison’s relationship astatine FTX. In related news, Elon Musk has been criticized for suggesting that erstwhile FTX CEO Sam Bankman-Fried (SBF) astir apt donated overmuch much than publically admitted to Democrats. Morgan Creek Capital CEO Mark Yusko has suggested that SBF was a “pawn” utilized by higher-ups to punish crypto. These stories and much successful this latest variation of the Bitcoin.com News Week successful Review.
Document Claims Alameda CEO Caroline Ellison’s FTX Margin Position Was Negative $1.3B successful May 2022
In a fig of caller interviews, the erstwhile co-founder of FTX, Sam Bankman-Fried (SBF), explained that helium “wasn’t moving Alameda” and helium “didn’t cognize the size of their position.” In a much caller treatment with The Block’s Frank Chaparro, SBF explained that auditors were looking astatine FTX’s firm financials, but the auditors were “not looking astatine lawsuit positions and not looking astatine lawsuit risk.” This week, an FTX insider speaking to Bitcoin.com News nether presumption of anonymity shared a papers that purportedly shows Alameda Research CEO Caroline Ellison’s idiosyncratic relationship was successful the spread by $1.31 cardinal successful May 2022.
Elon Musk Suspects Former FTX CEO Sam Bankman-Fried Donated Over $1 Billion to Support Democrats
Tesla CEO and Twitter main Elon Musk says that erstwhile FTX CEO Sam Bankman-Fried (SBF) astir apt donated implicit $1 cardinal to enactment the Democratic Party, which would beryllium a overmuch larger sum than the fig publically disclosed. Many radical slammed Musk for making accusations without providing proof. “This connection is truthful unbelievably irresponsible,” 1 commented.
Morgan Creek CEO Says FTX Co-Founder SBF Was a ‘Pawn’ Used to ‘Punish’ the Crypto Industry
Following FTX’s collapse, galore manufacture executives, influencers, luminaries, and politicians person shared their opinions astir the carnage the lawsuit has caused to crypto markets and a large woody of guiltless bystanders. On Dec. 2, the CEO and laminitis of Morgan Creek Capital, Mark Yusko, explained successful an interrogation that it’s rather imaginable that the FTX co-founder Sam Bankman-Fried (SBF) was simply a “pawn” oregon “useful idiot” leveraged to “punish the industry.”
Nobel Prize Laureate Paul Krugman Warns of an Eternal Winter for Blockchain
Nobel Prize-winning economist Paul Krugman has warned astir the anticipation of a perennial wintertime for blockchain projects, including crypto. In a caller nonfiction published successful the New York Times (NYT), the economist criticizes blockchain arsenic a tech and its uses citing respective signs that helium believes precede this upcoming winter.
What are your thoughts connected the existent authorities of crypto and this week’s apical stories? Let america cognize successful the comments conception below.
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