Category: FTX
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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,…