{"id":24398,"date":"2022-12-22T20:41:12","date_gmt":"2022-12-22T20:41:12","guid":{"rendered":"https:\/\/davidgerard.co.uk\/blockchain\/?p=24398"},"modified":"2022-12-24T17:05:34","modified_gmt":"2022-12-24T17:05:34","slug":"ftx-sam-bankman-fried-out-on-bail-ellison-and-wang-cop-pleas","status":"publish","type":"post","link":"https:\/\/davidgerard.co.uk\/blockchain\/2022\/12\/22\/ftx-sam-bankman-fried-out-on-bail-ellison-and-wang-cop-pleas\/","title":{"rendered":"FTX: Sam Bankman-Fried out on bail, Ellison and Wang cop pleas"},"content":{"rendered":"<p><i>By <\/i><b><i>Amy Castor<\/i><\/b><i> and <\/i><b><i>David Gerard<\/i><\/b><\/p>\n<ul>\n<li aria-level=\"1\">Our work is funded via our Patreons \u2014 here\u2019s<a href=\"https:\/\/www.patreon.com\/amycastor\"> Amy\u2019s<\/a>, and here\u2019s<a href=\"https:\/\/www.patreon.com\/davidgerard\/overview\"> David\u2019s<\/a>.<\/li>\n<li aria-level=\"1\">Our patrons can also get a couple of<a href=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2021\/05\/bitcoin-it-cant-be-that-stupid.png\"> \u201cBitcoin: It Can\u2019t Be That Stupid<\/a>\u201d stickers just by messaging one of us and asking.<\/li>\n<li aria-level=\"1\">David has<a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2020\/11\/26\/get-signed-copies-of-libra-shrugged-and-attack-of-the-50-foot-blockchain\/\"> signed author copies of his books<\/a> for sale.<\/li>\n<li aria-level=\"1\">Sign up on<a href=\"https:\/\/amycastor.com\/\"> Amy\u2019s blog<\/a> to see every new post she makes as it goes up, and<a href=\"https:\/\/davidgerard.co.uk\/blockchain\/#byemail\"> click here and enter your email address<\/a> for every new post on David\u2019s blog as it goes up.<\/li>\n<\/ul>\n<p>\u201cit was the best of times, it was disbursed for crimes\u201d \u2014 men with puns, SomethingAwful<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2022\/12\/22\/ftx-sam-bankman-fried-out-on-bail-ellison-and-wang-cop-pleas\/sbf-bahamas-hearing\/\" rel=\"attachment wp-att-24399\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-24399\" src=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2022\/12\/sbf-bahamas-hearing.jpg\" alt=\"\" width=\"510\" height=\"315\" srcset=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2022\/12\/sbf-bahamas-hearing.jpg 680w, https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2022\/12\/sbf-bahamas-hearing-300x185.jpg 300w, https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2022\/12\/sbf-bahamas-hearing-348x215.jpg 348w\" sizes=\"auto, (max-width: 510px) 100vw, 510px\" \/><\/a><\/p>\n<p style=\"text-align: center;\"><small><i>Caroline realised the other guy in the prisoner&#8217;s dilemma was Sam, and mashed the \u201cbetray\u201d button as hard and fast as was humanly possible.<\/i><\/small><\/p>\n<p>&nbsp;<\/p>\n<h3>Sam, I am<\/h3>\n<p>Sam Bankman-Fried is now on U.S. soil, after waiving his right to contest extradition from the Bahamas. He appeared before Magistrate Judge Gabriel Gorenstein in the Southern District of New York at 1 p.m. ET on Thursday December 22.<\/p>\n<p>He was released on bail for a $250 million bond \u2014 \u201cthe largest ever pretrial bond,\u201d apparently \u2014 secured only on his parents\u2019 home in Palo Alto, where he will be living. [<a href=\"https:\/\/twitter.com\/innercitypress\/status\/1605988649799077889\"><i>Twitter<\/i><\/a><i>; <\/i><a href=\"https:\/\/www.reuters.com\/legal\/ftx-founder-bankman-fried-make-us-court-appearance-after-extradition-2022-12-22\/\"><i>Reuters<\/i><\/a>]<\/p>\n<p>SBF will surrender his passport and remain in home confinement with electronic monitoring \u2014 he\u2019ll wear a bracelet. He will also be required to undergo regular mental health evaluation and treatment. No financial transactions over $1,000 except legal fees, no new lines of credit, and he can&#8217;t start a business. Also, no firearms. [<i><a href=\"https:\/\/storage.courtlistener.com\/recap\/gov.uscourts.nysd.590940\/gov.uscourts.nysd.590940.14.0.pdf\">Appearance bond<\/a>, PDF<\/i>]<\/p>\n<p>That is: Sam lost all his money in crypto, and has moved back into his parents&#8217; basement.<\/p>\n<p>He will go before the judge again on 3 January via Zoom to enter a plea to the eight counts against him. His lawyer is Mark Cohen of Cohen &amp; Gresser.<\/p>\n<p>It\u2019s possible Sam will <i>shut up<\/i> now. We wouldn\u2019t bet on it, though.<\/p>\n<p><strong>Update:<\/strong> A lot of people are confused as to how a $4 million house can secure a $250 million bail. <a href=\"https:\/\/amycastor.com\/2022\/12\/24\/ftx-updates-how-sam-bankman-fried-got-bail-and-more\/\">We&#8217;ve written an explainer.<\/a><\/p>\n<h3>The prisoner\u2019s dilemma<\/h3>\n<p>While SBF was doing his public relations tour confessing financial crimes at anyone who would hold still long enough, Caroline Ellison (CEO of Alameda) and Gary Wang (CTO of FTX) were talking to their attorneys, and quietly doing deals with prosecutors.<\/p>\n<p>Ellison and Wang are pleading guilty to fraud charges brought by the SDNY. They are cooperating with the SDNY investigation.<\/p>\n<p>Ellison pleaded guilty to seven counts, including wire fraud, conspiracy to commit money laundering, conspiracy to commit securities fraud, conspiracy to commit commodities fraud, and conspiracy to commit wire fraud. These are the same crimes as SBF, except for the campaign finance charges. [<a href=\"https:\/\/amyhcastor.files.wordpress.com\/2022\/12\/ellison.pdf\"><i>Indictment<\/i><\/a><i>, PDF<\/i>]<\/p>\n<p>Wang pleaded guilty to four counts, including wire fraud, conspiracy to commit commodities fraud, and conspiracy to commit securities fraud. [<a href=\"https:\/\/storage.courtlistener.com\/recap\/gov.uscourts.nysd.591464\/gov.uscourts.nysd.591464.6.0.pdf\"><i>Indictment<\/i><\/a><i>, PDF<\/i>]<\/p>\n<p>Per Ellison\u2019s plea agreement, she will be freed on $250,000 bail \u2014 though she won\u2019t be allowed to leave the U.S. We\u2019re not sure what the blacked-out bits in her agreement are. [<a href=\"https:\/\/www.documentcloud.org\/documents\/23495436-crypto-cooperator-ftx-alamedas-caroline-ellisons-plea-agreement-inner-city-press-on-the-case\"><i>plea agreement<\/i><\/a><i>, PDF; <\/i><a href=\"https:\/\/www.coindesk.com\/business\/2022\/12\/22\/caroline-ellison-plea-agreement-250000-bail-surrender-of-travel-documents-forfeiture-of-assets\/\"><i>CoinDesk<\/i><\/a>]<\/p>\n<p>Ellison&#8217;s plea was entered on Monday December 19 \u2014 but it wasn&#8217;t released publicly until Sam was in the air and on his way to the U.S.<\/p>\n<p>U.S. Attorney Damian Williams made a video announcement as SBF was in an FBI Gulfstream flying from the Bahamas to New York: \u201cIf you participated in misconduct at FTX or Alameda, now is the time to get ahead of it. We are moving quickly and our patience is not eternal.\u201d [<a href=\"https:\/\/twitter.com\/SDNYnews\/status\/1605745361842327552\"><i>Twitter<\/i><\/a><i>, video<\/i>]<\/p>\n<p>Who was Williams speaking to in particular? People he may have had in mind include:<\/p>\n<ul>\n<li aria-level=\"1\">Nishad Singh, a cofounder of FTX;<\/li>\n<li aria-level=\"1\">Sam Trabucco, co-CEO of Alameda Research, who stepped down in August;<\/li>\n<li aria-level=\"1\">Ryan Salame, co-CEO of FTX\u2019s Bahamas subsidiary, FTX Digital Markets;<\/li>\n<li aria-level=\"1\">Ramnik Arora, SBF\u2019s \u201ckey lieutenant,\u201d and the conduit to Sequoia Research;<\/li>\n<li aria-level=\"1\">Dan Friedberg, FTX\u2019s chief compliance officer, and formerly a colleague of Stuart Hoegner of Tether at Ultimate Bet.<\/li>\n<\/ul>\n<p>There are likely others as well. We expect more superseding indictments to come.<\/p>\n<h3>SEC charges against Ellison and Wang<\/h3>\n<p>Ellison and Wang have also been charged by the Securities and Exchange Commission with defrauding the equity investors in FTX. [<a href=\"https:\/\/t.co\/xD8UDMozRn\"><i>Press release<\/i><\/a><i>; <\/i><a href=\"https:\/\/www.sec.gov\/litigation\/complaints\/2022\/comp-pr2022-234.pdf\"><i>complaint<\/i><\/a><i>, PDF<\/i>]<\/p>\n<p>The SEC\u2019s complaint against Ellison and Wang is built on how the two ratted out SBF. A few things that stand out in the charges:<\/p>\n<ul>\n<li aria-level=\"1\">FTX was diverting customer funds to Alameda from the start. The two companies were part of a single fraud from day one.<\/li>\n<li aria-level=\"1\">Wang, a programmer, created the back door that allowed Alameda to divert FTX customer funds. Ellison used those misappropriated funds for trading on Alameda.<\/li>\n<li aria-level=\"1\">Alameda was owned 90% by SBF and 10% by Wang. SBF was always in control of everything, and Ellison and Wang took direction from him. So much for Sam\u2019s \u201cgosh, I don\u2019t know\u201d defense:<\/li>\n<\/ul>\n<blockquote><p>Bankman-Fried remained the ultimate decision-maker at Alameda, even after Ellison and Trabucco became co-CEOs in or around October 2021. Bankman-Fried directed investment and operational decisions, frequently communicated with Alameda employees, and had full access to Alameda\u2019s records and databases.<\/p><\/blockquote>\n<ul>\n<li aria-level=\"1\">FTT \u2014 the FTX on-exchange token, which they accounted as billions of dollars of their assets \u2014 is a security under US law.<\/li>\n<li>They manipulated the price of FTT tokens a whole lot, by buying large amounts on the open market \u2014 allowing Ellison and Alameda to borrow more against their FTT on hand.<\/li>\n<\/ul>\n<p>The misappropriation of customer funds wasn\u2019t a one-off thing. SBF, Ellison, and Wang dumped cryptos from FTX into Alameda <i>faster<\/i> in 2022 \u2014 particularly after Terra-Luna crashed in May \u2014 but they&#8217;d been doing this since FTX started. This was a \u201cbrazen, multi-year fraud.\u201d<\/p>\n<p>There are actually people surprised that FTT was deemed a security. But the SEC has consistently said for many years that pretty much all crypto tokens are securities under the Howey test.<\/p>\n<p>This is because almost all crypto tokens are <i>blitheringly obviously<\/i> securities under the Howey test. They were created to make money and were marketed to others as ways to make money from the efforts of others. The Howey test is not complex.<\/p>\n<p>FTT being deemed a security is important because other exchange tokens may be treated as securities by the SEC, especially now that the public, the government and the regulators are on side with going after crypto crooks. And a lot of exchanges have such tokens.<\/p>\n<p>When Binance started trading its BNB supermarket loyalty card points, <a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2019\/07\/22\/binances-bnb-token-burn-why-this-is-meaningless-nonsense-to-fool-suckers\/\">David suggested<\/a> that Binance should not sell BNB anywhere near the US because it was blitheringly obviously a security. Binance did so anyway, so they should expect some interesting times in the future.<\/p>\n<p>&#8220;Regulatory clarity&#8221; has only and ever meant that crypto promoters wanted a way to do something that was hilariously and obviously illegal, but using &#8220;crypto&#8221; as the excuse.<\/p>\n<p>The CFTC has also filed civil charges in an amended complaint that now lists Ellison and Wang in addition to SBF. [<a href=\"https:\/\/www.cftc.gov\/PressRoom\/PressReleases\/8644-22\"><i>Press release<\/i><\/a><i>; <\/i><a href=\"https:\/\/www.cftc.gov\/media\/8021\/enfftxtradingcomplaint122122\/download\"><i>Complaint<\/i><\/a>,<i> PDF<\/i>]<\/p>\n<h3>About that FTX money<\/h3>\n<p>John Jay Ray III, the new CEO of FTX in bankruptcy, is looking to claw back as much dirty money as possible.<\/p>\n<p>This includes political donations, but also those who tried giving their political donation to charity: \u201cRecipients are cautioned that making a payment or donation to a third party (including a charity) in the amount of any payment received from an FTX Contributor does not prevent the FTX Debtors from seeking recovery from the recipient or any subsequent transferee.\u201d [<a href=\"https:\/\/www.prnewswire.com\/news-releases\/ftx-debtors-announce-process-for-voluntary-return-of-avoidable-payments-301706546.html\"><i>press release<\/i><\/a>]<\/p>\n<p>Bernie Madoff\u2019s Ponzi scheme donated hugely to charities and nonprofits, and quite a lot of that money was clawed back \u2014 because it was stolen money. A Government Accountability Office report from 2012 outlines how the clawbacks went in the Madoff case. Exceptions can happen on a facts and circumstances basis \u2014 <i>e.g.,<\/i> a hospital that was allowed to keep some of the money because it would have shut down otherwise. [<a href=\"https:\/\/www.gao.gov\/assets\/gao-12-991.pdf\"><i>GAO<\/i><\/a><i>, PDF<\/i>]<\/p>\n<p>Of course, most of FTX&#8217;s charitable donations were to their fellow Effective Altruists \u2014 who tend to pick super-effective charity goals like the happiness of 10<sup>54<\/sup> future hypothetical human emulations, fighting <a href=\"https:\/\/rationalwiki.org\/wiki\/Roko%27s_basilisk\">Roko&#8217;s basilisk<\/a>, or buying castles in Oxfordshire or the Czech Republic. So we should expect that to be clawed back in full. [<a href=\"https:\/\/www.truthdig.com\/articles\/the-grift-brothers\/\"><i>Truthdig<\/i><\/a><i>; <\/i><a href=\"https:\/\/www.irozhlas.cz\/zpravy-domov\/ftx-krypto-burza-bankman-fried-kryptomeny_2212060500_sto\"><i>iRozhlas<\/i><\/a><i>, in Czech<\/i>]<\/p>\n<p>(Hello, sincere EAs reading this who live on beans and work very hard to make the world a better place in actually practical senses! Ever get the feeling you\u2019ve been cheated?)<\/p>\n<p>Media outlets are also returning SBF\u2019s dirty money. ProPublica is returning $1.6 million from SBF&#8217;s family foundation, Building a Stronger Future. Vox is returning $200,000. The Intercept is still working out what to do with the $500,000 it received in September, which was part of a $4 million grant. [<a href=\"https:\/\/www.washingtonpost.com\/media\/2022\/12\/20\/sbf-journalism-grants\/\"><i>Washington Post<\/i><\/a>]<\/p>\n<p>As John Ray sorts through the FTX\/Alameda chaos, he\u2019s in his element: \u201cI am drawn to crisis,\u201d he told the WSJ. [<a href=\"https:\/\/www.wsj.com\/articles\/ftx-john-ray-ceo-sam-bankman-fried-crypto-11671049903\"><i>Wall Street Journal<\/i><\/a><i>, paywalled<\/i>]<\/p>\n<p>Ray is the son of a plumber. He grew up in rural western Massachusetts and went to UMass Amherst for his undergraduate degree \u2014 a state school, for those who didn\u2019t have the grades or couldn\u2019t afford to go to Harvard, MIT, Tufts, or Amherst College.<\/p>\n<p>You could see the twinkle in his eye when he testified in front of the U.S. House. He absolutely enjoys this work and clawing back as much money for FTX\u2019s victims as he can.<\/p>\n<h3>The Block looks into the future of crypto<\/h3>\n<p>Crypto industry news outlet The Block just found out that, for all its claims of independence, it was <a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2022\/12\/13\/crypto-collapse-regulatory-altruism-at-ftx-sam-bankman-fried-arrested\/\">running on totally-not-stolen FTX customer money<\/a> <i>loaned<\/i> to its now-ex-CEO, Mike McCaffrey, by Sam Bankman-Fried.<\/p>\n<p>This has been a slight shock to the system \u2014 especially as they now need to work out what to do <i>when<\/i> John Ray comes knocking on the door wanting the money back.<\/p>\n<p>That sucks to find out, and the Block crew have our sympathies. On the other hand, LOL.<\/p>\n<p>The Block\u2019s 2023 Digital Assets Outlook is out now! You can guess before opening the report that it needs to be optimistic as hell, no matter the tawdry details of grim reality \u2014 because the one thing The Block <i>can\u2019t<\/i> say is \u201cwelp lads, I guess we\u2019re buggered.\u201d<\/p>\n<p>The executive summary will give you the flavor \u2014 the report is a series of attempts to put a positive spin on the entire crypto industry being in the toilet. Exchange internal supermarket loyalty card points are doing better at keeping their price than bitcoins. AAA games with NFTs aren\u2019t something that will never happen, LOL \u2014 they\u2019re just <i>delayed<\/i>. And so on.<\/p>\n<p>The body of the report isn\u2019t much better. If you want to know the future of crypto mining, <a href=\"https:\/\/amycastor.com\/2022\/08\/04\/bitcoin-mining-in-the-crypto-crash-the-mining-companies-creative-accounting\/\">our August writeup on the bitcoin mining scam<\/a> is so far working out exactly as we said.<\/p>\n<p>In any case, this is all good news for bitcoin. [<a href=\"https:\/\/www.theblock.co\/post\/196671\/2023-digital-asset-outlook\"><i>The Block<\/i><\/a><i>; <\/i><a href=\"https:\/\/www.tbstat.com\/wp\/uploads\/2022\/12\/Digital-Asset-2023-Outlook.pdf\"><i>report<\/i><\/a><i>, PDF<\/i>]<\/p>\n<h3>The future of crypto in 2022<\/h3>\n<p>Amy wrote about the future of crypto after FTX for Al Jazeera. [<a href=\"https:\/\/www.aljazeera.com\/economy\/2022\/12\/22\/what-is-the-post-ftx-future-of-crypto\"><i>Al Jazeera<\/i><\/a>]<\/p>\n<p>She didn\u2019t write this in Al Jazeera, but we\u2019ll say it here \u2014 the entire game in crypto right now is pretending you\u2019re solvent when you\u2019re not. All the retail dollars have gone home. Most of the influx of cash dropped off in 2021, and what was left dried up after the Terra-Luna crash in May.<\/p>\n<p>Pretending you\u2019re solvent means tricks like these:<\/p>\n<ul>\n<li aria-level=\"1\">Making up a new form of magic bean from thin air, and giving it a hypothetical dollar value in your account books \u2014 though you could never sell them for that much.<\/li>\n<li aria-level=\"1\">Going on national TV to say how you\u2019re \u201cfinancially strong,\u201d to fend off a bank run.<\/li>\n<li aria-level=\"1\">Getting attestations, if you can find an accounting firm who will actually do this and not scrub the reports from their website days later.<\/li>\n<li aria-level=\"1\">Moving funds around to make sure they\u2019re there on the morning of an attestation and can be moved to be there for someone else\u2019s later attestation.<\/li>\n<li aria-level=\"1\">Networks of loans between companies, all accounted as assets on each other\u2019s books.<\/li>\n<li aria-level=\"1\">Buying up other companies, so you can use their assets to cover holes in your books.<\/li>\n<\/ul>\n<p>There\u2019s been a few companies, such as FTX, doing the above. Perhaps you can think of some companies doing these things now.<\/p>\n<p>We were both hoping for a quieter Christmas. But this is fun too.<\/p>\n<br><br><div align=\"center\"><p><a href=\"https:\/\/www.patreon.com\/bePatron?u=8420236\"><img src=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2021\/10\/become_a_patron_button.svg\" alt=\"Become a Patron!\" title=\"Become a Patron!\" width=217 height=51><\/a><br><p style=\"align:center;\" class=\"patreon-badge\"><i>Your subscriptions keep this site going. <a href=\"https:\/\/www.patreon.com\/bePatron?u=8420236\">Sign up today!<\/a><\/i><\/p><\/div>","protected":false},"excerpt":{"rendered":"<p>Caroline realised the other guy in the prisoner&#8217;s dilemma was Sam, and mashed the \u201cbetray\u201d button as hard and fast as was humanly possible.<\/p>\n","protected":false},"author":1,"featured_media":24399,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[2653,460,2173,568,1016,3341,167,3360,3361,3364,3365,1798,3358,3345,3315,3359,594,3346,3366,3363,3321,2491,3362,33,1086,3368,3367],"class_list":["post-24398","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorised","tag-alameda","tag-amy-castor","tag-bernie-madoff","tag-binance","tag-bnb","tag-caroline-ellison","tag-cftc","tag-cohen-gresser","tag-damian-williams","tag-dan-friedberg","tag-effective-altruism","tag-ftx","tag-gabriel-gorenstein","tag-gary-wang","tag-john-jay-ray","tag-mark-cohen","tag-new-york","tag-nishad-singh","tag-propublica","tag-ramnik-arora","tag-ryan-salame","tag-sam-bankman-fried","tag-sam-trabucco","tag-sec","tag-the-block","tag-the-intercept","tag-vox"],"jetpack_featured_media_url":"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2022\/12\/sbf-bahamas-hearing.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/24398","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/comments?post=24398"}],"version-history":[{"count":30,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/24398\/revisions"}],"predecessor-version":[{"id":24456,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/24398\/revisions\/24456"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/media\/24399"}],"wp:attachment":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/media?parent=24398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/categories?post=24398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/tags?post=24398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}