Mike Novogratz: Bankman-Fried is ‘delusional’ and headed to jail
The Galaxy Digital CEO alleges Sam Bankman-Fried and his cohorts perpetuated fraud and suggested they should be in jail. Go to Source Powered by WPeMatico
Month: December 2022
U.S. Trustee: FTX was the ‘fastest’ corporate failure in American history, calls for probe
The Department of Justice’s U.S. Trustee overseeing FTX’s bankruptcy case has moved for the court to appoint an independent examiner. Go to Source Powered by WPeMatico
Proof-of-Reserves Are at ‘Best Incomplete, at Worst Misleading and Deceptive’ Says Crypto Analyst Martin Hiesboeck
While many crypto exchanges have seemingly embraced the use of proof-of-reserves (PoR) to showcase their transparency and reassure nervous users, crypto analyst Martin Hiesboeck insists such so-called proofs are susceptible to manipulation or misrepresentation. He added that PoRs alone are not a suitable method of verifying an exchange’s reserves because they do not “account for … Read more
Breaking: Ankr confirms exploit, asks for immediate trading halt
The decentralized-finance protocol said it is already working with exchanges to immediately halt trading of aBNBc. Go to Source Powered by WPeMatico
This AI chatbot is either an exploiter’s dream or their nightmare
The crypto community has come across an AI-powered chatbot that can be used to audit smart contracts and expose vulnerabilities. Go to Source Powered by WPeMatico
‘Big Short’ Investor Michael Burry Warns of Extended Multi-Year Recession in US
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has warned about “an extended multi-year recession” in the U.S. He believes there isn’t a strategy to pull us out of “this real recession.” Michael Burry’s Recession Warning Famous investor and founder of investment firm Scion Asset Management, Michael Burry, has warned about … Read more
Trader Joe takes its first step into the Ethereum ecosystem
Despite the new multi-chain vision, the Trader Joe team confirmed that its “true home” and “top priority for all growth efforts” will continue to be on Avalanche. Go to Source Powered by WPeMatico
New York proposes to charge crypto companies for regulating them
The proposal is led by DFS Superintendent Adrienne Harris who is looking for public feedback on the move as the regulator looks to gain further oversight controls. Go to Source Powered by WPeMatico
FTX Japan drafts plan to return client funds
The Japanese subsidiary one of 134 companies been caught up in FTX’s bankruptcy proceedings but has been drafting a plan to return client funds. Go to Source Powered by WPeMatico
Kevin O’Leary, Bill Ackman Slammed for Defending Sam Bankman-Fried — ‘I Think SBF Is Telling the Truth’
Shark Tank star Kevin O’Leary and billionaire hedge fund manager Bill Ackman have been slammed for stating that they believe Sam Bankman-Fried (SBF) was telling the truth that he “didn’t knowingly commingle funds.” The former CEO of the collapsed crypto exchange FTX also said he “wasn’t running Alameda,” so he “didn’t know exactly what was … Read more
