FTX Has Wrecked the Crypto Party in Paradise
[ad_1] In the two years since, a collection of startups and large crypto companies have set up shop in the Bahamas, among them FTX and OKX, another large crypto exchange.…
No One Will Escape the FTX Fallout
[ad_1] Genesis Global Trading, one of crypto’s oldest and most storied institutions, is in dire straits. In November, in the wake of the implosion of the crypto exchange FTX, the…
The Case That Foreshadowed the Lessons of the FTX Collapse
[ad_1] For the past three seemingly glorious years, the 30-year-old boy wonder Sam Bankman-Fried, or SBF, crowned the “King of Crypto,” bore an uncanny resemblance to the legendary character Robin…
Billionaires Are A Security Threat
[ad_1] These success stories are wonderful, but they all pale in comparison to Wikipedia, the greatest work of human knowledge of all time and the single most important thing ever…
Sam Bankman-Fried’s House of Cards Is Falling Down
[ad_1] Sam Bankman-Fried is behind bars. The controversial founder of bankrupt crypto exchange FTX was taken into custody in the Bahamas yesterday after criminal charges were filed against him by the…
A Row Erupts Over Texas’ Bold Bitcoin Battery Plan
[ad_1] Fred Thiel, CEO of Marathon Digital, claims that crypto miners participating in demand response schemes have helped to stave off blackouts in Texas this year. Mining facilities acted “like…
Tony Fadell Is Trying to Build the iPod of Crypto
[ad_1] Fadell looks at the photos of the credit-card-sized wallet and its innovative E Ink touchscreen. When Ledger reveals it on December 6, it will cost $279. That’s a rounding…
Why the World Fell for FTX CEO Sam Bankman-Fried
[ad_1] Back in April I paid $12 to “attend” a virtual event with 30-year-old crypto billionaire Sam Bankman-Fried. Around 45 other people registered for the Zoom, which was hosted by…
The US Congress Is Starting to Question This Whole Crypto Thing
[ad_1] “I think that a lot of members of Congress have assumed that the digital asset industry could be on the back burner because it’s immature,” Lummis says. “It’s growing…
The Hunt for the Kingpin Behind AlphaBay, Part 6: Endgame
[ad_1] The direct ripple effects of that explosion of incriminating data, passed through so many institutions’ records, aren’t easy to track. But over the following years, Grant Rabenn, who served…
Crypto Contagion Is Spreading, Fast
[ad_1] To ensure Genesis wasn’t hamstrung by the loss, its parent company, Digital Currency Group (DCG), bailed it out. But in the aftermath, Genesis cut 20 percent of its workforce to reduce…
I Lost $17,000 in Crypto. Here’s How to Avoid My Mistake
[ad_1] In 2014, I bought 25,000 dogecoin as a joke. By 2021, it was briefly worth over $17,000. Problem was, I couldn’t remember the password. Determined to get my coins…
The Race To Save Sam Bankman-Fried’s Other Crypto Exchange
[ad_1] Decentralized exchanges differ from their centralized counterparts (like FTX, Binance, Coinbase, and others) in a few important ways. Most notably, instead of relying on an intermediary to match buyers…
The Hunt for the Dark Web’s Biggest Kingpin, Part 5: Takedown
[ad_1] Rabenn remembers the atmosphere of that war room as more dead silence and sweaty, anxious tension than eagerness or anticipation. He knew the possibility of achieving a Ross Ulbricht–style…
Binance Has a Cunning Plan to Save Crypto—but It’s Too Late
[ad_1] “It’s a good learning moment for the industry,” says Hayden Adams, creator of UniSwap, the world’s largest decentralized exchange (DEX). “The fact that [FTX founder Sam Bankman-Fried] had the…
Who Will Pay the Price for Big Tech’s Hubris?
[ad_1] So, are you on Mastodon yet? If you’re looking for advice on how to join and find your friends, we’ve got you covered. If you’re trying to decide when…
The Hunt for the FTX Thieves Has Begun
[ad_1] That means it will be very difficult for the thieves to abscond with their profits in a spendable form without being identified, says Michelle Lai, a cryptocurrency privacy advocate,…
This Billion-Dollar Crypto Collective Is Tearing Itself Apart
[ad_1] Something on which everyone can agree, whether fans of Christensen or not, is that the existing governance system is in need of reform. “There are a lot of teams,…
The Fallout of the FTX Collapse
[ad_1] Aaron Kaplan, a securities attorney and co-CEO of trading platform Prometheum, says that although the final outcome for FTX and its customers is not yet crystal clear, there is…
What the Hell Happened to FTX?
[ad_1] CZ has denied that he deliberately created a liquidity crisis at FTX—”I spend my energy building, not fighting,” he tweeted on November 7—but Tim Mangnall, whose company Capital Block…
IRS Seizes Another Silk Road Hacker’s $3.36 Billion Bitcoin Stash
[ad_1] According to an IRS-CI affidavit detailing Zhong’s theft of the 50,000-plus bitcoins from the Silk Road, he appears to have found a vulnerability in that dark-web market that in…
The Hunt for the Kingpin Behind AlphaBay, Part 2: Pimp_alex_91
[ad_1] That legal request took weeks to bear fruit. Finally, one evening in the early weeks of January 2017, Ali was in the middle of a law school night class…
A Chaotic Crypto Launch Reveals How Hard It Is to Beat Ethereum
[ad_1] Other community members have attacked Aptos for its failure to release the tokenomics—a description of the distribution of tokens, how they will function, and when they will be released…
A Crypto Alchemist Made Me an Accidental Billionaire
[ad_1] When I present this very mundane answer to him, Broeksmit is unconvinced. He keeps creating new tokens, watching their value skyrocket, then deflate a few days later. But the…
Celsius Exchange Data Dump Is a Gift to Crypto Sleuths—and Thieves
[ad_1] The paradoxical nature of cryptocurrency’s privacy is that the blockchain, that unchangeable ledger of all a cryptocurrency’s transactions, serves as both a map and a mask: Bitcoin are easy…