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How FTX left a hole in the corporate overlord.
US-based cryptocurrency startup FTX’s CEO Sam Bankman-Fried has said he’s “piecing together” what has happened at FTX. In a tweet on Friday, he said his priority would be “radical transparency” or “giving as close to on-chain transparency as it can: so that people know exactly what’s happening on it”. The startup was founded by Bankman-Fried…
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The FTX collapsed.
FTX, the cryptocurrency exchange that has gone bankrupt, was founded in 2010 by a former trader named David. After David left FTX in 2016, he found a “safe and easy” way to get into crypto, according to an advertisement he saw in a newspaper. This week, FTX was on the brink of collapse after Chinese…
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Employees await the fate of Mr. Musk.
Tesla CEO Elon Musk has been “completely absent” for weeks, a Twitter employee said. He has been encouraging people to follow him on social media for a more accurate understanding of trust and safety on the platform. Investors Jason Calacanis and Sriram Krishnan, Andreessen Horowitz’s General Partner focused on cryptocurrency and Twitter’s former consumer teams…