FTX's collapse exposed problems with crypto that are just as relevant today, including a lack of decentralization and companies' persistent regulatory battles
Jay Gatsby, Albert Einstein, Frodo Baggins, John Pierpont Morgan, Michael Jordan, Bill Gates, Elon Musk, Mark Zuckerberg …
Creator monetization platform Passes, founded in 2022, plans to acquire rival Fanhouse, founded in 2020; some creators are worried and one Fanhouse founder quit
if you do, it will be a secure transfer - Fanhouse will continue to run until the transition and will continue to run for some time after @fanhouse : It's been an honor to grow alongside creators and ...
Crypto investors say Sam Bankman-Fried frequently promoted and manipulated “Samcoins”, including Solana, Serum, FTT, and Maps, to benefit FTX and Alameda
or did it? Developers complained for years that @SBF_FTX preyed on their projects for his own gain. And investors say they saw red flags in his funraising techniques https://www.nytimes.com/... John R...
Crypto created a toy financial system and had a toy financial crisis; in order to work in the long run, crypto must prove its real usefulness outside of finance
as Matt concludes— they need to have both: 1) Ties to the real-world economy 2) Subordination to the rule of law https://www.bloomberg.com/... @carnage4life : Crypto solves the problem of allowing any...
A look at CoinDesk's blockbuster Alameda scoop that led to FTX's collapse and bankruptcy, adding to CoinDesk parent company Digital Currency Group's woes
What happens when a story has impact? … Depending on how you look at it, this is either a cautionary tale about how small and entwined … Tweets: @annkur , @anecdotal , @charlieshrem , and @mslopatto T...
A look at the digital asset diehards at Art Basel Miami Beach, who tried to ignore the fallout from FTX's collapse while FTX merch was hidden away in storage
At a dazzling new hotspot in the center of Miami's crypto scene, the remains of Sam Bankman-Fried's collapsed empire are stuffed in trash bags. Tweets: @ampressman , @solanaspaces , @crypto , @crypto ...
Since Elon Musk's takeover, sources say Twitter has in some cases chosen not to pay vendors, as it reviews and renegotiates deals to cut expenses
Good morning! FTX's lawyers painted a startling picture of the company in a bankruptcy court yesterday. Kali Hays / Insider : Elon Musk puts an end to some Twitter perks, limits expenses due to compa...
FTX users flock to Telegram to reckon with their potential losses, where some say they believed FTX's links to the US made it unusually safe
The losers — and scammers — are flooding Telegram. — It's early November. You're into crypto. It has probably been a rough few months … Tweets: @jwherrman , @newtonmark , @jwherrman , @arielbogle ...
[Thread] A detailed timeline of FTX's meltdown, starting in September: SBF's jab at CZ, CoinDesk's article, CZ sells FTT, “FTX is fine”, Alameda woes, and more
Adam Cochran / @adamscochran :
FTX claims the company was hacked, telling users to delete FTX apps, not install app updates, and not to visit FTX.com, after $600M+ in crypto left its wallets
trustless, permissionless, uncensorable crypto—is the only path forward for the future. This week, we grieved. Next week, we build. @cz_binance : What a sh!t show... And it's going to be crypto's faul...