Hong Kong Scmp Editorial Says Crypto Needs Stricter Regulation
According to a piece published by the Hong Kong SCMP Editorial, the area took a blow after the failure of several of the world’s most prominent bitcoin exchanges. The post opened up by quoting the region’s Finance Secretary Paul Chan Mo-po:In light of the cryptocurrency industry’s crisis, insiders can no longer claim they are above regulation or that governments just don’t ‘get it’. The hype has turned out to be just like any other financial manias of the past.
SBF Wants to Start a New Business, Officially Added as Hearing Witness
The founder and former CEO of bankrupt cryptocurrency exchange FTX, Sam Bankman-Fried, said he’d be interested in forming a new venture aimed at paying back the customers he owes money to. "I would give anything to be able to do that. And I'm going to try if I can," Bankman-Fried responded when asked if he’d start a new business to repay FTX investors in a Dec. 10 interview with the BBC. (Cointelegraph)
Rock Legend Gene Simmons Is Holding Crypto Despite Market Sell-Offs and FTX Collapse
Rock band Kiss’ lead singer Gene Simmons has confirmed that he is still holding crypto despite the crypto winter and the collapse of cryptocurrency exchange FTX. “I’m deep in crypto. I believe in it,” the rock legend affirmed. Noting that he has several cryptocurrencies, including bitcoin and ethereum, Simmons stressed: “Personally, I’m holding, but everybody should do their own due diligence.” (Bitcoin.com)
Balaji Srinivasan Says FTX Is a Preview of State Failure, USD Bank Accounts Could Be Frozen or Inflated to Worthlessness
Angel investor Balaji Srinivasan says the collapse of crypto exchange FTX should be treated as “a preview of state failure.” He warned that one day U.S. dollar bank accounts “may be frozen or inflated to worthlessness,” emphasizing that the authorities “will show no interest in prosecuting.” Srinivasan cautioned: “That world is coming and we need alternatives.” (Bitcoin.com)
SBF Plans New Venture To Repay Ftx Collapse Victims, Claims ‘Did Not Commit Fraud’
Sam Bankman-Fried (SBF), the former CEO of the now-collapsed FTX crypto exchange, has said that he hopes to start a new business to generate funds to pay back victims of the company’s collapse.
Before the Bankruptcy Filing, Ftx Co-Founder SBF Was Told by Crypto Execs To ‘Stop Trying to Depeg Stablecoins’
According to a recent report published by the Wall Street Journal (WSJ), cryptocurrency executives were allegedly concerned that Sam Bankman Fried’s (SBF) Alameda Research was trying to “depeg stablecoins.”
Class Action Lawsuit Against Sam Bankman-Fried and Celebrity Ftx Promoters Gets a New Judge in Miami
Three separate lawsuits filed by plaintiffs represented by the boutique Moskowitz Law Firm and white-shoe law firm Boies Schiller & Flexner have been consolidated and will be overseen by U.S. District Court Judge Michael Moore in the Southern District of Florida.
FTX’s Stranded Customer Funds Draw Attention From Distressed Asset Investors
Apollo Global Management and Attestor are among the better-known investors to have held conversations on buying claims, according to a person familiar with the discussions. Niche investment firm 507 Capital has already purchased several claims from hedge funds that wanted quick exits from FTX even if it meant selling out at less than they might have received from the bankruptcy process.
Sam Bankman-Fried’s Parents No Longer on the Stanford Law School Roster
The domino effect of <a href="https://cointelegraph.com/top-people-in-crypto-and-blockchain-2022/sam-bankman-fried">FTX CEO Sam Bankman-Fried</a>’s actions came full circle as his reputation began impacting the professional lives of his parents — Stanford Law professors Joseph Bankman and Barbara Fried.
SBF Has No Idea He’s Done Anything Wrong Because Our Society and Economy Demand Risky Business
SBF apologizes and says he’s ultimately responsible, but he hasn’t quite described what he’s sorry for in any meaningful detail. He still seems to think he’s the good guy.
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