It's been another wild week in crypto, with a claimed FTX insider revealing a controversial document related to former Alameda Research CEO Caroline Ellison.
FTX Insider Reveals New Document, Musk Catches Flak for SBF Comments, Nobel Prize Laureate Krugman Warns of Eternal Winter for Blockchain — Week in Review
It’s been another wild week in crypto, with a claimed FTX insider revealing a controversial document related to former Alameda Research CEO Caroline Ellison’s account at FTX. In related news, Elon Musk has been criticized for suggesting that former FTX CEO Sam Bankman-Fried probably donated much more than publicly admitted to Democrats. Morgan Creek Capital CEO Mark Yusko has suggested that SBF was a “pawn” used by higher-ups to punish crypto.
Tesla CEO and Twitter chief Elon Musk says that former FTX CEO Sam Bankman-Fried probably donated over $1 billion to support the Democratic Party, which would be a much larger sum than the number publicly disclosed. Many people slammed Musk for making accusations without providing proof. “This statement is so unbelievably irresponsible,” one commented.
Following FTX’s collapse, many industry executives, influencers, luminaries, and politicians have shared their opinions about the carnage the event has caused to crypto markets and a great deal of innocent bystanders. On Dec. 2, the CEO and founder of Morgan Creek Capital, Mark Yusko, explained in an interview that it’s quite possible that the FTX co-founder Sam Bankman-Fried was merely a “pawn” or “useful idiot” leveraged to “punish the industry.
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Caroline Ellison hires former SEC crypto regulator as lawyer for FTX probe: BloombergCaroline Ellison hired a former crypto regulator at the U.S. Securities and Exchange Commission to represent her in an ongoing federal probe into the collapse of Alameda Research and its sister exchange FTX, Bloomberg News reports.
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Caroline Ellison hires former top SEC crypto regulator as lawyer in FTX investigationInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
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US DOJ reportedly investigating FTX CEO for siphoning funds out of the USThe federal investigation aims to examine SBF’s involvement in improperly transferring FTX funds to the Bahamas as the defunct crypto exchange filed for bankruptcy on Nov. 11.
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Ex-FTX CEO Bankman-Fried says he will testify to CongressThe former CEO of the failed cryptocurrency exchange FTX said in a tweet Friday that he is willing to testify to Congress next week, but that he will be limited in what he can say and that he “won't be as helpful” as he'd like to be. The tweet came in response to several tweets earlier this month from House Financial Services Committee Chair Maxine Waters, who had requested that Sam Bankman-Fried attend next week's hearings over the collapse of FTX. Waters, a California Democrat, said in a series of tweets to Bankman-Fried that based on multiple media interviews since FTX collapsed, it was “clear to us that the information you have thus far is sufficient for testimony.”
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Former FTX CEO says he will testify to CongressThe former CEO of the failed cryptocurrency exchange FTX said in a tweet Friday that he is willing to testify to Congress next week, but that he will be limited in what he can say and that he “won’t be as helpful” as he’d like to be.
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Arthur Hayes Explains Why Bitcoin Has Likely Bottomed OutFormer Bitcoin CEO believes that worst might be over for Bitcoin after FTX-induced price crash
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