Cryptocurrency: Noting The Carnage

grarpamp grarpamp at
Thu Nov 17 08:25:16 PST 2022

New FTX CEO John Ray’s insights about FTX: "Never in my career have I
seen such a complete failure of corporate controls and such a complete
absence of trustworthy financial information as occurred here.”

On 11/30, the NY Times was planning to host a live event with SBF,
Zuckerberg, the CEOs of TikTok and Blackrock, and U.S. Treasury Janet
Yellen as speakers with to attendance fee of $2,400.

Twilight of the Crypto Celebs: Celebrities such as Tom Brady, Gisele
Bundchen, and Shohei Ohtani face a class-action lawsuit for their
roles touting the now-wiped out FTX.

Senator Cynthia Lummis: Do you know how many bitcoin FTX had when it
declared bankruptcy on Friday? Zero. None. Bitcoin is unique among
cryptocurrencies. It's a commodity. Every other cryptocurrency is a

Tether still hasn't imploded yet...

Psychopaths strike again...

Balance sheet...

Blockfi tries to hide by deleting their "leadership team" staff list,
Internet preserves it for all to see and share...
Zac Prince - CEO & Founder
Flori Marquez - COO & Founder
Amit Cheela - Chief Financial Officier
Meg Crowell - Chief People Officer
Alex Grigoryan - Chief Technology Officer
Adam Healy - Chief Security Officer
Rob Loban - Chief Accounting Officer
Jonathan Mayers - General Counsel
Yuri Mushkin - Chief Risk Officer
David Spack - Chief Compliance Officer
Andrew Tam - Chief Marketing Officer
Shannon Allmon - GM of Retail Products
Brian Oliver - GM of Institutions

Mark Wetjen is the head of FTX Policy & Regulation. He also happened
to be Barack Obama's Commodity Futures Trading Commissioner.
The General Counsel of FTX, Ryne Miller, used to be lead counsel to
Gary Gensler when he was CFTC Chair.
Gary Gensler’s old boss at MIT was Glenn Ellison. Glenn Ellison's
daughter is Caroline Ellison, which is the CEO of FTX's sister-company
Alameda Research. Alameda Research is a quantitative cryptocurrency
trading firm that was managing over 10 billion dollars worth of crypto
assets. This is the same Alameda Research that illegally used over 4
billion dollars of FTX customer's funds to prop it up as it was
Sam Bankman-Fried personally personally made over $45 million in
political campaign contributions and two other FTX employees made an
additional $30 million in political campaign contributions.

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