In today's crypto news roundup ✋ FTX Allegations Keep Growing As Details Emerge 🏅 Nike Drives Web3 Game With Dot Swoosh NFT Platform 🚫 EU Proposal Calls for Privacy Coin Ban 💸 St. Kitts and Nevis Consider Adopting Bitcoin Cash as Legal Tender
A note from the editor...One of the most unique things about this most recent near total collapse of a large crypto company is the fact that almost the entire drama has unfolded on Twitter.
Not only are the main actors in this place tweeting inappropriately , but past bad actors from other failed crypto companies are chiming in to crack inside jokes in the tweet threads. These now disgraced former crypto influencers are joined in the behavior by those like Elon Musk, Edward Snowden and even Martin Shkreli.
And, in the most bizarre turn of events so far, the main player in this drama — Sam Bankman-Fried, founder and former CEO of FTX — has taken to Twitter yet again even while multiple countries initiate investigations into his business dealings.
Even weirder is that SBF is still giving public interviews even on his tweet content, and told the New York Times just yesterday about his tweet puzzle: “I’m improvising. I think it’s time.”Can you imagine these tweets in the eventual deposition: “Your honor, when my client tweeted ‘H,’ waited four hours, and then tweeted ‘A,’ followed by ‘NOT FINANCIAL ADVICE,’ he actually meant….”
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Ikigai Exec Says 'Large Majority' of Crypto Asset Management Firm's Funds Stuck on FTX – Bitcoin NewsThe crypto asset management firm Ikigai detailed that “a large majority of the hedge fund’s total assets” were stored on FTX.
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Conflicting Reports Emerge About SEC Helping Bankrupt Crypto Exchange FTX With Legal Loopholes – Regulation Bitcoin NewsConflicting reports have surfaced about whether the SEC and Chair Gary Gensler helped FTX with legal loopholes. crypto cryptocurrency
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FTX Founder Secretly Moved Funds Through Backdoor: FTX InsiderFTX insider has reportedly stated that recent FTX 'hack' was illegal withdrawal of funds from FTX to Alameda Research
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