DDCT #148 - 11/17/2022 (FTX Employees Were Encouraged to Keep Life Savings in the Now-Bankrupt Exchange, Sources Say)
20m | Nov 17, 2022#Bitcoin #FTX #Tombrady
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ARTICLES used in today's video:
https://ambcrypto.com/sec-v-ripple-16-companies-granted-motion-to-file-amicus-brief/
SEC v. Ripple: 16 companies granted a motion to file an amicus brief
The latest hearing for SEC’s lawsuit against Ripple saw the latter gaining a significant advantage
The judge has given until 18 November for 16 companies to file their briefs
More than two months after the first request to file amicus curiae was submitted to the court in SEC v. Ripple, presiding Judge Analisa Torres has finally granted the ‘friend of the court’ to actually show up in court in support of Ripple.
Sam Bankman-Fried tries to explain himself
Last night, Sam Bankman-Fried DMed me on Twitter.
That was surprising. I’d spoken to Bankman-Fried via Zoom earlier in the summer when I was working on a profile of him, so I reached out to him via DM on November 13, after news broke that his cryptocurrency exchange had collapsed, with billions in customer deposits apparently gone. I didn’t expect him to respond — typically, people under investigation by both the Securities and Exchange Commission and the Department of Justice don’t return requests for comment.
Tom Brady, Steph Curry, Other Major Celebrities Sued For FTX Endorsement
Tampa Bay Buccaneers quarterback Tom Brady and Golden State Warriors guard Stephen Curry are among the notable backers being sued for endorsing FTX, along with the cryptocurrency company and its former CEO Sam Bankman-Fried, a copy of the lawsuit shared by The Block crypto reporter Stephanie Murray on Wednesday (November 16) revealed.
FTX Employees Were Encouraged to Keep Life Savings in the Now-Bankrupt Exchange, Sources Say
Retail and institutional investors weren’t the only ones to get rug pulled by FTX’s swift and stunning collapse last week.
In addition to losing their jobs at the now-bankrupt exchange, many of FTX’s employees also appear to have significant amounts of personal wealth locked in the platform – wealth that is likely gone after being sucked into the black hole of the FTX disaster.
https://alternative.me/crypto/fear-and-greed-index/
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Dave
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