WebIt is now common cause that the FTX collapse is founded on crime (fraud). It is not ‘news’. The sub has developed something of a Pavlovian response to the mere mention of the … WebDec 2, 2024 · CoinDesk's Chief Insights Columnist David Z. Morris unpacks his latest opinion piece that argues Sam Bankman-Fried, former CEO of troubled crypto exchange FT...
FTX’s Collapse Was a Crime, Not an Accident : …
WebDec 5, 2024 · In a widely read column titled “FTX’s collapse was a crime, not an accident,” my former colleague David Morris explains that crypto exchanges are not banks, and they should not be driven ... WebAbsolutely. This is another level crime. Step 1) Invent cryptocurrency to break free from evil banks. Step 2) Trust all your crypto to essentially a bank, the only difference being that this bank is not subject to any regulation, FDIC insurance, or consumer protections. Step 3) All your crypto gets stolen. female harry potter fan art
The fall of the FTX ‘King of Crypto’ Sam Bankman-Fried
WebDec 1, 2024 · ‘FTX’s Collapse Was a Crime, Not an Accident’ David Z. Morris, writing for CoinDesk, with the best “all you need to know” overview of the FTX scandal I’ve seen: Perhaps most perniciously, many outlets have described what happened to FTX as a “bank run” or a “run on deposits,” while Bankman-Fried has repeatedly insisted the ... WebDec 1, 2024 · December 1, 2024, 12:58 PM. CoinDesk's Chief Insights Columnist David Z. Morris unpacks his latest opinion piece that argues Sam Bankman-Fried, former CEO of … WebNovember 30, 2024 FTX’S COLLAPSE WAS A CRIME, NOT AN ACCIDENT: Executives at FTX reportedly received a total of $4.1 billion in loans from Alameda Research, including massive personal loans that were likely unsecured. female harry potter uses a scythe fanfiction