in customer funds has reportedly vanished. the founder secretly transfer $10 billion to his other company, alameda research. now some of the money that has been concealed has gone missing, calling this a crypto ponzi scheme. i would compare it to ameron, whiffs of fraud, stadium names early in companies, history, vast explosion of wealth that monique white understands where it comes from. keeps getting worse. ftx dealing with a hack. consumers asked to stay off the side after roughly $475 million was reportedly stolen. i ve spoken with investors big and small that share that they expect to lose all of their assets in this fallout, and that brings larger implications that go beyond ftx. it s how far it s unclear how
A former investment manager at Celsius Network sued the crypto lender on Thursday, saying it used customer deposits to rig the price of its own crypto token and failed to properly hedge risk, causing it to freeze customer assets.
the week? this is one of those weeks when i first impulse was that there were no winners of this week. but then i thought about the actor ben mckenzie, the one person in hollywood who has been out there warning everyone about crypto ponzi scheme s and scams and calling out other actors for hawking these extremely dubious financially speculative products, and the kind of crypto meltdown i think this week shows how right he was all along. and how brave you was to be out there alone when so many of us peers or trying to make a quick buck. it has been really wild to see the tanking of all of these cryptocurrencies. all the ones, and all the wealth that has been deleted. pretty crazy. dean good all of, you have a tough act to follow. who won the week? ben mackenzie and racial, and korean jean-pierre.