{"id":15363,"date":"2022-12-11T14:31:10","date_gmt":"2022-12-11T14:31:10","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ftx-insider-reveals-new-document-musk-catches-flak-for-sbf-comments-nobel-prize-laureate-krugman-warns-of-eternal-winter-for-blockchain-week-in-review-the-weekly-bitcoin-news\/"},"modified":"2022-12-11T14:31:10","modified_gmt":"2022-12-11T14:31:10","slug":"ftx-insider-reveals-new-document-musk-catches-flak-for-sbf-comments-nobel-prize-laureate-krugman-warns-of-eternal-winter-for-blockchain-week-in-review-the-weekly-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ftx-insider-reveals-new-document-musk-catches-flak-for-sbf-comments-nobel-prize-laureate-krugman-warns-of-eternal-winter-for-blockchain-week-in-review-the-weekly-bitcoin-news\/","title":{"rendered":"FTX Insider Reveals New Document, Musk Catches Flak for SBF Comments, Nobel Prize Laureate Krugman Warns of Eternal Winter for Blockchain \u2014 Week in Review \u2013 The Weekly Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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It\u2019s been another wild week in crypto, with a claimed FTX insider revealing a controversial document related to former Alameda Research CEO Caroline Ellison\u2019s account at FTX. In related news, Elon Musk has been criticized for suggesting that former FTX CEO Sam Bankman-Fried (SBF) probably donated much more than publicly admitted to Democrats. Morgan Creek Capital CEO Mark Yusko has suggested that SBF was a \u201cpawn\u201d used by higher-ups to punish crypto. These stories and more in this latest edition of the Bitcoin.com News Week in Review.<\/strong><\/p>\n

\"FTX<\/p>\n

Document Claims Alameda CEO Caroline Ellison\u2019s FTX Margin Position Was Negative $1.3B in May 2022<\/h2>\n

In a number of recent interviews, the former co-founder of FTX, Sam Bankman-Fried (SBF), explained that he \u201cwasn\u2019t running Alameda\u201d and he \u201cdidn\u2019t know the size of their position.\u201d In a more recent discussion with The Block\u2019s Frank Chaparro, SBF explained that auditors were looking at FTX\u2019s corporate financials, but the auditors were \u201cnot looking at customer positions and not looking at customer risk.\u201d This week, an FTX insider speaking to Bitcoin.com News under terms of anonymity shared a document that purportedly shows Alameda Research CEO Caroline Ellison\u2019s personal account was in the hole by $1.31 billion in May 2022.<\/p>\n

Read More<\/strong><\/a><\/p>\n

\"FTX<\/p>\n

Elon Musk Suspects Former FTX CEO Sam Bankman-Fried Donated Over $1 Billion to Support Democrats<\/h2>\n

Tesla CEO and Twitter chief Elon Musk says that former FTX CEO Sam Bankman-Fried (SBF) probably donated over $1 billion to support the Democratic Party, which would be a much larger sum than the number publicly disclosed. Many people slammed Musk for making accusations without providing proof. \u201cThis statement is so unbelievably irresponsible,\u201d one commented.<\/p>\n

Read More<\/strong><\/a><\/p>\n

\"FTX<\/p>\n

Morgan Creek CEO Says FTX Co-Founder SBF Was a \u2018Pawn\u2019 Used to \u2018Punish\u2019 the Crypto Industry<\/h2>\n

Following FTX\u2019s collapse, many industry executives, influencers, luminaries, and politicians have shared their opinions about the carnage the event has caused to crypto markets and a great deal of innocent bystanders. On Dec. 2, the CEO and founder of Morgan Creek Capital, Mark Yusko, explained in an interview that it\u2019s quite possible that the FTX co-founder Sam Bankman-Fried (SBF) was merely a \u201cpawn\u201d or \u201cuseful idiot\u201d leveraged to \u201cpunish the industry.\u201d<\/p>\n

Read More<\/strong><\/a><\/p>\n

\"FTX<\/p>\n

Nobel Prize Laureate Paul Krugman Warns of an Eternal Winter for Blockchain<\/h2>\n

Nobel Prize-winning economist Paul Krugman has warned about the possibility of a perennial winter for blockchain projects, including crypto. In a recent article published in the New York Times (NYT), the economist criticizes blockchain as a tech and its uses citing several signs that he believes precede this upcoming winter.<\/p>\n

Read More<\/strong><\/a><\/p>\n

What are your thoughts on the current state of crypto and this week\u2019s top stories? Let us know in the comments section below. <\/strong><\/em><\/p>\n

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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