Until recently, Sam Bankman-Fried, or SBF, was crypto’s golden boy, known for turning his cryptocurrency exchange, FTX, into a $32 billion giant in just two years. But the disheveled, left-leaning 30-year-old was living a lie. SBF, who claimed to be a minimalist philanthropist, had used client funds to prop up his failing crypto empire and …
Elon Musk’s acquisition of Twitter has prompted many longtime users to seek out alternative social networks. Amy Osborne/AFP via Getty Images hide caption toggle caption Amy Osborne/AFP via Getty Images Elon Musk’s acquisition of Twitter has prompted many longtime users to seek out alternative social networks. Amy Osborne/AFP via Getty Images Since Elon Musk bought …
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NEW YORK (AP) — Just days after the third-largest cryptocurrency exchange collapsed, the public is starting to get an idea of just how messy FTX’s bankruptcy filing could be. Other crypto businesses are failing in the wake of FTX’s collapse, events reminiscent of the domino meltdowns of the 2008 financial crisis. Users remained frustrated in …
The size and scope of FTX’s failure becomes clearer as users fear the worst Read More »
