FTX updates: How Sam Bankman-Fried got bail, and more
A&P has provided me with the world’s smallest turkey.
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Return to Nothingness: Big Crypto’s struggles with basic accounting and economics — by Martin Walker
The leaders of “Big Crypto” seem to have a huge problem understanding the basic concepts of conventional finance — such as balance sheets, auditing and cash flows.
FTX: Sam Bankman-Fried out on bail, Ellison and Wang cop pleas
Caroline realised the other guy in the prisoner’s dilemma was Sam, and mashed the “betray” button as hard and fast as was humanly possible.
Crypto collapse: Binance is not so fine, FTX Delaware vs FTX Bahamas, Celsius, Voyager, Gemini, Tether
The correct regulator for crypto is the Department of Justice.
Twitter’s decline continues — follow me on Mastodon
The net interprets Elon Musk as damage, and routes around him.
Crypto collapse: Regulatory altruism at FTX — Sam Bankman-Fried arrested
The nuanced ingredient is crime.
Celsius hearing, December 8: Selling GK8 to Galaxy Digital
Is it time for a new tattoo?
Celsius hearing, December 7: Custody and Withhold accounts, and a partial ruling
Some assets belong to individual creditors, not to the bankruptcy estate. But the details have to be worked out.
Celsius hearings, December 5: Whose stablecoins are these? KERP bonuses, new deadline for restructuring plan
The word “liquidation” came up a few times in the first hearing. This ice cube is melting fast.
Crypto collapse: FTX headed for examiner, Bahamas crypto shenanigans
“the contagion effect of everyone noticing all the exchanges are insolvent”