sambankman
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Crypto Lender Genesis Cuts 30% of Staff
Genesis Global Trading Inc. has been feeling the heat of the crypto crash that has been plaguing the industry over the past several months. The firm announced today that it was laying off 30% of its workforce, as first reported by the Wall Street Journal.
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FTX Execs Plead Guilty While Throwing Sam Bankman-Fried Under the Bus
Two executives connected to FTX, the bankrupt cryptocurrency exchange once valued at $US32 ($44) billion, have pleaded guilty to criminal charges, according to U.S. Attorney Damian Williams, who made the announcement in a video statement released online late Wednesday. And that’s really bad news for FTX co-founder Sam Bankman-Fried, because the executives are saying they…
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Binance CEO Says There’s No Way They will End Up Like FTX in Leaked Letter to Staff
The crypto exchange Binance, perhaps the last major crypto exchange standing after the FTX debacle, experienced a wave of withdrawals by spooked investors earlier this week to the tune of nearly $US3.7 ($5) billion, according to blockchain analytics firm Nansen.
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On the Run Terra Founder Do Kwon Reportedly Traced to Serbia
The once-famed and now notorious crypto founder Do Kwon’s “totally unprompted” world tour now has him holed up in Serbia, according to reports citing the South Korean prosecutor’s office tasked with arresting the 31-year-old.