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Senators Are Hopping Mad and Demanding Answers for the Crypto Collapse in a Hearing
Sceptical members of the Senate Banking Committee will hear from both crypto believers in a Valentine’s Day hearing to try and make sense of the recent “crypto crash” and advocate for new, more strenuous regulatory safeguards to protect consumers. The hearing comes at a pivotal moment for cryptocurrencies. Scandals, fraud, dramatic arrests, international manhunts, and…
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Missing Money, Crypto Houses, and Emoji Payments: Here’s the Most Batshit Revelations From FTX’s Latest Bankruptcy Filing
Once upon a time, the cryptocurrency exchange FTX was a jewel of the web3 world. Now, in the span of a week, its reputation has transformed from shooting star to sinking ship. After admitting to mismanaging large amounts of customer money, the exchange’s founder and CEO, Sam Bankman-Fried (also known by his initials “SBF”) ignominiously…