A month after the cryptocurrency exchange FTX filed for bankruptcy, nobody seems to know what happens next.
Regulators argue over whether the crypto industry, if it can be called that, should be brought to heel; evangelists continue to flog its dubious benefits; prosecutors may or may not be investigating; and investors count their losses, amounting to billions of dollars.
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Founder of failed cryptocurrency exchange FTX Sam Bankman-Fried arrested in the BahamasBankman-Fried is under criminal investigation by US and Bahamian authorities. He looks like the guy you sat beside at school 30 years ago and always wondered what he got up to.
Source: thejournal_ie - 🏆 32. / 50 Read more »
What happens next to arrested FTX founder Sam Bankman-Fried?Over a million investors in cryptocurrency operation owed billions of dollars via IrishTimesBiz IrishTimes Just goes to show how effective a conman Sam Bankman-Fried is that he could pull off one of the biggest frauds in financial history, say 'Doh I'm just a mop-haired bro who didn't know what he was doing, look at my ill-fitting t-shirt' and people BELIEVED THAT SBF_FTX He will be epsteined I think Sam has a few luxury properties in Bermuda, he bought them as a hedge against a crypto collapse, great forward planning.
Source: IrishTimesBiz - 🏆 6. / 77 Read more »