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TEXXR

Chronicles

The story behind the story

days · browse · Enter similar · o open

Former FTX employees, including general counsel Can Sun, plan to launch crypto exchange Backpack, protecting user funds using lessons learned from FTX's failure

Wall Street Journal

Discussion

  • @marypcbuk.bsky.social Mary Branscombe on bluesky
    What's the worst that could happen 🤷‍♀️ [embedded post]
  • @caspiancey H.E. Cas Piancey on x
    It's wild that anyone who worked in the weeds at FTX or Alameda gets to keep working in finance, let alone crypto [image]
  • @caspiancey H.E. Cas Piancey on x
    And I'm not saying this as though the government should get involved. The fact Zhu Su, Kyle Davies, Mark Lamb, and people from FTX can fuck so many people over so recently and then immediately get funded again speaks volumes about crypto and finance.
  • @caspiancey H.E. Cas Piancey on x
    Billion dollar business idea: another centralized cryptocurrency exchange [image]
  • @digitalartchick @digitalartchick on x
    Backpack you say? [image]
  • @riddle245 @riddle245 on x
    Not only is FTX estate trying to run back FTX 2.0 but now some other ex-FTX guys trying to get a 100M valuation on an exchange I see likely with their own token
  • @deitaone @deitaone on x
    #BITCOIN 🔸Ex-FTX Employees to Launch New Crypto Exchange Called Backpack — WSJ 🔸Ex-FTX Employees Can Sun, Armani Ferrante, Will Lead the Venture — WSJ 🔸Backpack Looking to Sell 10% Stake at $100 Million Valuation — WSJ
  • @smtuffy Sean Tuffy on x
    Rates need to go much higher, apparently
  • @silvermanjacob Jacob Silverman on x
    “Sun said he and Ferrante had hired other former FTX legal and compliance employees at Trek because of their skills and experience.” Oh is that why? https://www.wsj.com/...
  • @zarchasmpgmr @zarchasmpgmr on x
    I love the smell of financial and securities fraud in the morning.
  • @quinnypig Corey Quinn on x
    These folks seem trustworthy.
  • r/Buttcoin r on reddit
    WSJ News Exclusive |  Key Witness at Sam Bankman-Fried Trial to Launch New Crypto Exchange