FTX Was Worse Than Enron… [ Crypto Espresso 11.17.22 ]

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🔵 CoinMarketCap Daily:

• Less Than Three Weeks Later, Elon Musk Is Seeking a Twitter CEO

Elon told a court that he’s planning to bring in a new leader of Twitter, which is in the middle of a chaotic but “fundamental organizational restructuring.”

https://coinmarketcap.com/alexandria/article/less-than-three-weeks-later-elon-musk-is-seeking-a-twitter-ceo

• The Crypto Bros’ Dumpster Fire Goes to Washington, D.C.

With the collapse of Sam Bankman-Fried’s FTX, FTX US and Alameda Research, members of Congress on both sides of the aisle are reevaluating their positions on crypto legislation.

https://coinmarketcap.com/alexandria/article/the-crypto-bros-dumpster-fire-goes-to-washington-d-c

• As FTX-rescued BlockFi Flails, Voyager Digital Finds a White Knight

Crypto firms are looking to bid once again for bankrupt crypto lender, Voyager Digital’s assets, providing a path out of bankruptcy as FTX appears to be heading into Chapter 11.

https://coinmarketcap.com/alexandria/article/as-ftx-rescued-blockfi-flails-voyager-digital-finds-a-white-knight

• FTX Was Worse Than Enron, New CEO Says

Among the failures of the bankrupt FTX Group of companies were unsecured crypto keys, spending requests approved via emoji, and records set to auto-delete.

https://coinmarketcap.com/alexandria/article/ftx-was-worse-than-enron-new-ceo-says

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