Category: FTX
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Live…From Jail
Sam Bankman-Fried shares his two-year experience in MDC Brooklyn, describing the prison environment as dystopian. He reflects on the psychological challenges of confinement, the difficulties accessing legal resources during his trial, and the limited engagement in daily activities that impede his mental well-being. Bankman-Fried discusses his disconnection from the digital world and the complexities of…
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Memeconomy
“The Peak Of Crypto Degeneracy,” discusses the surge in interest and value of Solana and meme coins. Solana, founded in 2020, is a California-based for-profit company that uses a proof of stake consensus mechanism and supports smart contracts. Its main selling point is faster and more efficient transactions than its main competitor, Ethereum. The creation…
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Fraud’s R Us
Scammers and “investments” using customer money for personal expenses and risky trades. Another case was Safe Moon, a crypto project that locked investor funds into a liquidity pool and netted its creators over $200 million for personal expenses while pretending to guarantee safe returns. The business world was also Rocked by deception, with Charlie Javis,…