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The Ugly Tradeoffs of Ledger’s New Recovery Service - Ep. 494
Unchained
Cryptocurrency News Recap: FTX Sues Founder, Co-Founder, and Senior Executive
This week saw the beleaguered crypto empire FTX suing its ex CEO, Sam Bancman-Freeid. The lawsuit alleges that these key figures were aware of the insolvency of Alameda research when they acquired stock clearing platform Embed for $250 million. Jump trading profited nearly $1 billion from TerraUSD, or UST, according to fresh SEC filings. Tether announced this week that it will allocate 15% of its net profits to buy Bitcoin.
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