{"id":25878,"date":"2023-08-15T23:34:19","date_gmt":"2023-08-15T23:34:19","guid":{"rendered":"https:\/\/davidgerard.co.uk\/blockchain\/?p=25878"},"modified":"2023-08-16T22:24:14","modified_gmt":"2023-08-16T22:24:14","slug":"crypto-collapse-sam-bankman-fried-goes-to-jail-sec-appeals-ripple-ruling-prime-trust-bankrupt-the-tangled-tale-of-trueusd-and-tron","status":"publish","type":"post","link":"https:\/\/davidgerard.co.uk\/blockchain\/2023\/08\/15\/crypto-collapse-sam-bankman-fried-goes-to-jail-sec-appeals-ripple-ruling-prime-trust-bankrupt-the-tangled-tale-of-trueusd-and-tron\/","title":{"rendered":"Crypto collapse: Sam Bankman-Fried goes to jail, SEC appeals Ripple ruling, Prime Trust bankrupt, the tangled tale of TrueUSD and Tron"},"content":{"rendered":"<p>&#8220;Let&#8217;s just do a quick one,&#8221; I said, &#8220;just 1000 words and we can post,&#8221; I said. 2400 words later, it&#8217;s over at Amy&#8217;s. [<a href=\"https:\/\/amycastor.com\/2023\/08\/15\/crypto-collapse-sam-bankman-fried-goes-to-jail-sec-appeals-ripple-ruling-prime-trust-bankrupt-the-tangled-tale-of-trueusd-and-tron\/\"><em>Amy Castor<\/em><\/a>]<\/p>\n<p>In this edition:<\/p>\n<ul>\n<li>Sam Bankman-Fried is back in a cell.<\/li>\n<li>The SEC asks permission to appeal the very dumb and bad Ripple ruling.<\/li>\n<li>Prime Trust files for Chapter 11.<\/li>\n<li>Who owns TrueUSD, who&#8217;s suing who.<\/li>\n<li>Worldcoin falls afoul of data protection.<\/li>\n<li>Richard Heart&#8217;s Hex falls to the SEC.<\/li>\n<li>Another US bank fails \u2014 but it&#8217;s okay, it was just scammed!<\/li>\n<\/ul>\n<p>We also highly recommend Kai Lentit&#8217;s visit to Web3 Berlin. [<a href=\"https:\/\/youtu.be\/xmVt8lC74ns\"><em>YouTube<\/em><\/a>]<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2023\/08\/15\/crypto-collapse-sam-bankman-fried-goes-to-jail-sec-appeals-ripple-ruling-prime-trust-bankrupt-the-tangled-tale-of-trueusd-and-tron\/sbf-courtroom-sketch\/\" rel=\"attachment wp-att-25879\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-25879\" src=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2023\/08\/sbf-courtroom-sketch.jpg\" alt=\"\" width=\"510\" height=\"315\" srcset=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2023\/08\/sbf-courtroom-sketch.jpg 680w, https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2023\/08\/sbf-courtroom-sketch-300x185.jpg 300w, https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2023\/08\/sbf-courtroom-sketch-348x215.jpg 348w\" sizes=\"auto, (max-width: 510px) 100vw, 510px\" \/><\/a><\/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>&#8220;Where people without jobs ask people without companies for jobs.&#8221;<\/p>\n","protected":false},"author":1,"featured_media":25879,"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":[1571,985,1572,338,2905,2491,33,522,2904],"class_list":["post-25878","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorised","tag-hex","tag-prime-trust","tag-richard-heart","tag-ripple","tag-sam-altman","tag-sam-bankman-fried","tag-sec","tag-trueusd","tag-worldcoin"],"jetpack_featured_media_url":"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2023\/08\/sbf-courtroom-sketch.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/25878","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=25878"}],"version-history":[{"count":9,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/25878\/revisions"}],"predecessor-version":[{"id":25888,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/25878\/revisions\/25888"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/media\/25879"}],"wp:attachment":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/media?parent=25878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/categories?post=25878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/tags?post=25878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}