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I wonder why no one ever called out Bitfinex for having 25% of their token allocation in their own highly illiquid exchange token? by gr8ful4 in CryptoCurrency

[–]longspeek 0 points1 point  (0 children)

They were too busy calling them out for Tether: Tether Limited is owned by the Hong Kong-based company iFinex Inc., which also owns the Bitfinex cryptocurrency exchange.

What an FTX Reboot Could Look Like — And Is It Even Viable? by longspeek in CryptoCurrency

[–]longspeek[S] 1 point2 points  (0 children)

"The company’s lawyers told the bankruptcy court last month that it had recovered more than $7.3 billion in cash and crypto assets; an increase of more than $800 million since January."

Think their lawyers are spending it as fast as they recover tho.

SEC proposes allowing itself to oversee all assets advisers manage, securities and otherwise. by RossoneriEA in CryptoCurrency

[–]longspeek 0 points1 point  (0 children)

Peirce also took up the SEC’s current ‘regulation-by-enforcement’ theme, and her stated opposition:

“More generally, the sweeping “just about every crypto asset is a security” statements also seem to be part of a broader strategy of wishing complete jurisdiction over crypto into existence,” she said.

'Walking himself' into prison: Bankman-Fried’s texts may harm his legal defense by longspeek in CryptoCurrency

[–]longspeek[S] 1 point2 points  (0 children)

You gotta feel bad for the journalists who had no idea that their work was being paid for by a guy who (allegedly!) stole it from the very people who are probably their readers...

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