Tag: FTX
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“It’s like the narrative would be way sexier if it was like, ‘Holy s—, this is the world’s biggest Ponzi scheme.’” Sam Bankman-Fried As markets ripped in late 2021, the total value of all cryptocurrency approached $3 trillion. Just 12 years prior, crypto didn’t exist. The boom created a wave…
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+ Bitcoin, Blockchain, Crypto, Cryptocurrency, Finance, FTX, Investing, Money, SBF, Startups, Tech, Venture Capital+
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FTX founder Sam Bankman-Fried was convicted on all counts in federal court yesterday. His own testimony may have helped seal his fate. ‘I Cannot Recall’ From The New York Times: Mr. Bankman-Fried’s decision to take the stand allowed him to argue he had no intent to steal money and defraud…
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+ Bitcoin, Blockchain, BTC, Crypto, Cryptocurrency, Finance, FTX, Investing, Law, Money, Sam Bankman-Fried, SBF, Startups, Tech, Venture Capital+
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Sequoia Capital lost $115 million investing in FTX. Partner Alfred Lin says they’d do it again. From Bloomberg: “I looked at the work we did 15 different ways,” Lin said Thursday at the Bloomberg Technology Summit. “We probably would have made the investment again.” Sequoia’s business lies in trusting founders…
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+ Accounting, Crypto, Finance, FTX, Investing, Money, SBF, Silicon Valley, Startups, Venture Capital+
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Sam Bankman-Fried is accused of committing one of the largest frauds in history. Now out on bail, he may be siphoning off what little money his bankrupt empire has left. Out this morning from Bitcoinist: A few hours ago, former Alameda Research wallets came to life, as noted by several…
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The best venture firms in the world stand to lose billions in the FTX collapse. But one man saw through Sam Bankman-Fried. Get the blog before anyone else…subscribe! His name is Alexander Pack. Pack planned to invest millions in FTX, until the red flags started to mount. Pack, managing partner…
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Sequoia Capital is the greatest venture capital firm of all time. So how did it lose $214 million on FTX? Get the blog before anyone else…subscribe! Sequoia made two large investments in the crypto exchange, which went bankrupt earlier this month. Sequoia has since marked down those investments to zero.…
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+ Bitcoin, Blockchain, Crypto, DeFi, Finance, FTX, Investing, Money, Sam Bankman-Fried, SBF, Startups, Tech, VC, Venture Capital+
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Hedge funds trusted crypto exchange FTX with billions of dollars. Now, they stand to lose it all. Get the blog before anyone else…subscribe! Some funds have lost most of their assets and may cease to exist. From a report out overnight in the Financial Times: Hedge funds have billions of…
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+ Bitcoin, Blockchain, Coinbase, Crypto, Finance, FTX, Hedge funds, Investing, Money, SBF, Startups, Tech, Venture Capital+
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Let’s say I create $1 million worth of Frankcoin. Will you loan me $1 million with my Frankcoin as collateral? Get the blog before anyone else…subscribe! Not if you’re in your right mind, you won’t. But that’s exactly what lenders did for Sam Bankman-Fried’s crypto hedge fund, Alameda Research. From…
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+ Bitcoin, Blockchain, Crypto, Cryptocurrency, DeFi, Finance, FTX, Investing, Money, SBF, Startups, Tech, Venture Capital+
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Crypto exchange FTX is spiraling toward bankruptcy. Its founder, Sam Bankman-Fried, could be facing prison. Get the blog before anyone else…subscribe! The SEC is investigating whether FTX misused customer funds. From Bloomberg: The Securities and Exchange Commission and the Commodity Futures Trading Commission are investigating whether the firm properly handled…
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It’s going from bad to worse at Tiger Global Management. As crypto exchange FTX implodes, Tiger could lose hundreds of millions of dollars. Get the blog before anyone else…subscribe! From a new report in Forbes: Tiger Global Management appears to have just taken another hit. The hedge fund headed by…
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+ Bitcoin, Blockchain, Crypto, Cryptocurrency, Finance, FTX, Hedge funds, Investing, Money, Startups, Stock Market, Stocks, Tech, Venture Capital+
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Tremendous 