Today it looks as if another Covid-era hero Sam Bankman Fried is biting the dust. He’s had to sell his crypto exchange FTX to hated rival Changpeng Zhao. From Bloomberg News A 48-hour crypto drama ended in shock Tuesday as Binance Holdings Ltd. agreed to acquire its most formidable rival, FTX.com, after helping whip up an investor exodus from billionaire Sam Bankman Fried’s three-year-old exchange.
Eric - great short summary - there is a BOOK in here somewhere - follow the money - who benefits ? . SBF is/was Massive donor to Dem Party. His parents are huge bundlers for Liz Warren, FTX is Bahamian Corp. so outside U.S. regs - (can foreign company donate to US campaigns ?) Legendary short seller Marc Cahodes has been all over this FTX bullshit since October or earlier. You can't make this shit up .... his Chief Regulatory officer, Daniel S Friedburg, played a KEY role in mid 2000's Online Poker Cheating Scandal at Ultimate Bet - brand new article just landed by Haley Hintz on "Poker.org" website . SBF's "Partner" , FTX Co-Founder - Gary Wang is man of mystery - early success supposedly trading BTC arb pairs - requires(d) CASH money - lots of it. Where did it come from ? Who mentored SBF ? Stories flying all over about his "Alameda Research". family office that was purportedly using client funds from FTX to speculate in shitcoins like LUNA and CEL - so maybe his bailout offer to Voyager and Celsius was just self preservation action.... ? who the hell knows - - check out Cahodes take on FTX on Hedgeeye Video Chat
Eric - great short summary - there is a BOOK in here somewhere - follow the money - who benefits ? . SBF is/was Massive donor to Dem Party. His parents are huge bundlers for Liz Warren, FTX is Bahamian Corp. so outside U.S. regs - (can foreign company donate to US campaigns ?) Legendary short seller Marc Cahodes has been all over this FTX bullshit since October or earlier. You can't make this shit up .... his Chief Regulatory officer, Daniel S Friedburg, played a KEY role in mid 2000's Online Poker Cheating Scandal at Ultimate Bet - brand new article just landed by Haley Hintz on "Poker.org" website . SBF's "Partner" , FTX Co-Founder - Gary Wang is man of mystery - early success supposedly trading BTC arb pairs - requires(d) CASH money - lots of it. Where did it come from ? Who mentored SBF ? Stories flying all over about his "Alameda Research". family office that was purportedly using client funds from FTX to speculate in shitcoins like LUNA and CEL - so maybe his bailout offer to Voyager and Celsius was just self preservation action.... ? who the hell knows - - check out Cahodes take on FTX on Hedgeeye Video Chat