2 million bitcoin, centralization, cme group, coinbase, fraud, investment, ontario teachers' pension plan, sam bankman-fried, terry duffy, vitalik buterin

As the smoke starts to clear around the massive crater left by the FTX disaster, Ethereum co-founder Vitalik Buterin has shared his thoughts on the ether community’s view of centralization. In related news, CME Group CEO Terry Duffy recalls in March when he called former FTX boss Sam Bankman-Fried an “absolute fraud.” Implosions notwithstanding, Coinbase has reminded users their “financials are public” and noted the company holds 2 million bitcoin. All this and more in the latest Bitcoin.com News Week in Review, just below.

2 million bitcoin, centralization, cme group, coinbase, fraud, investment, ontario teachers' pension plan, sam bankman-fried, terry duffy, vitalik buterin

Ethereum Co-Founder Vitalik Buterin Discusses FTX Collapse — Says ‘Centralized Anything Is by Default Suspect’

Ethereum co-founder Vitalik Buterin says many people in the Ethereum community see the FTX collapse “as a validation of things they believed in all along: centralized anything is by default suspect.” However, he warned that automatically downgrading every single thing former FTX CEO Sam Bankman-Fried believed in “is an error.”

Read More

2 million bitcoin, centralization, cme group, coinbase, fraud, investment, ontario teachers' pension plan, sam bankman-fried, terry duffy, vitalik buterin

Ontario Teachers’ Pension Fund Writes Down Entire Investment in Bankrupt Crypto Exchange FTX Citing ‘Potential Fraud’

Ontario Teachers’ Pension Plan (OTPP), one of the largest pension plans in the world, is writing down its investment in the bankrupt crypto exchange FTX. “Recent reports suggest potential fraud conducted at FTX which is deeply concerning for all parties,” the plan states.

Read More

2 million bitcoin, centralization, cme group, coinbase, fraud, investment, ontario teachers' pension plan, sam bankman-fried, terry duffy, vitalik buterin

CME Group’s CEO Called FTX’s Sam Bankman-Fried an ‘Absolute Fraud’ When They Met in March

According to the CEO of CME Group, Terry Duffy, the executive met with former FTX CEO Sam Bankman-Fried (SBF) last March at a conference, and Duffy ended up calling the FTX frontman a “fraud.” When Duffy sat down with SBF, the former FTX executive said his end goal was to compete with CME Group.

Read More

2 million bitcoin, centralization, cme group, coinbase, fraud, investment, ontario teachers' pension plan, sam bankman-fried, terry duffy, vitalik buterin

Coinbase CEO Says Company Holds 2 Million Bitcoin, Reminds People Firm’s ‘Financials Are Public’

According to Coinbase CEO Brian Armstrong, as of Sept. 30, 2022, the company holds 2 million bitcoin worth $39.9 billion. The news Armstrong shared comes at a time when the general public is looking directly at exchange balances following FTX’s turbulent collapse.

Read More

What are your thoughts on this week’s stories? Is anything centralized by default suspect? Be sure to let us know in the comments below.

NEWS RELATED

Sam Bankman-Fried’s two anonymous sponsors put up $700K to get him out of jail

Sam Bankman-Fried was released on bond after two anonymous individuals put up a total of $700,000, according to court filings. Bankman-Fried, the disgraced former crypto mogul whose FTX exchange declared bankruptcy in November, has been under house arrest in his parents’ $4 million Palo Alto, Calif., home since last month. ...

View more: Sam Bankman-Fried’s two anonymous sponsors put up $700K to get him out of jail

‘You won’t keep us out’: Car drove into barricade outside Sam Bankman-Fried’s house

Sam Bankman-Fried’s lawyers said a car carrying three suspects, intentionally drove into a barricade outside the FTX founder’s house. Getty Images A car rammed into a metal barricade outside the California home where Sam Bankman-Fried is serving out his house arrest in an intentional and malicious crash, his lawyers ...

View more: ‘You won’t keep us out’: Car drove into barricade outside Sam Bankman-Fried’s house

How Sam Bankman-Fried’s ties with the Clintons helped him dupe investors

Tony Blair and Bill Clinton joined Bankman-Fried for the 2022 Crypto Bahamas conference, sponsored by FTX. FilmMagic Sam Bankman-Fried cultivated ties with A-list celebrities, politicians and investors alike — but one power couple in particular was key to boosting his profile in influential and moneyed circles. Bill Clinton was ...

View more: How Sam Bankman-Fried’s ties with the Clintons helped him dupe investors

Fugitive wanted for $100M New Jersey deli fraud scheme arrested in Thailand

Hometown Deli had a $100 million valuation despite minimal sales. Jim Walsh via Imagn A fugitive charged over an alleged market manipulation scheme in which a small New Jersey deli mysteriously drew a $100 million valuation was arrested last week in Thailand, the feds confirmed Thursday. Peter Coker Jr., ...

View more: Fugitive wanted for $100M New Jersey deli fraud scheme arrested in Thailand

FTX chief John Ray says bankrupt crypto exchange could restart: report

CEO John Ray has set up a task force to explore restarting FTX.com. AP Bankrupt crypto exchange FTX is looking into the possibility of reviving its business, Chief Executive Officer John Ray told the Wall Street Journal on Thursday. Ray, who took over the reins in November, has set ...

View more: FTX chief John Ray says bankrupt crypto exchange could restart: report

Full list of latest projects receiving money from levelling up fund

Rishi Sunak speaks during a Q&A session at The Platform in Morecambe (Owen Humphreys/PA) (PA Wire) Here is a full list of the latest projects receiving money from the Government’s levelling up fund. The list is divided into regions. Each entry reads: name of the relevant local authority or ...

View more: Full list of latest projects receiving money from levelling up fund

Media startup Semafor says it will buy out Sam Bankman-Fried’s $10M stake

Justin B. Smith, left, and Ben Smith, co-founders of Semafor AP Fledgling news site Semafor said it is planning to buy out the near-$10 million investment it received from Sam Bankman-Fried, the disgraced founder of the FTX cryptocurrency exchange. The media startup founded by former Bloomberg CEO Justin Smith ...

View more: Media startup Semafor says it will buy out Sam Bankman-Fried’s $10M stake

FTX hackers stole $415M in cryptocurrency in ‘unauthorized’ transfers

FTX filed for bankruptcy in November. AFP via Getty Images Unidentified hackers stole a whopping $415 million in cryptocurrency from FTX’s already-depleted holdings in the days after its bankruptcy, the doomed platform’s caretakers admitted in a court filing on Tuesday. In a bankruptcy court presentation titled “Maximizing FTX Recoveries,” ...

View more: FTX hackers stole $415M in cryptocurrency in ‘unauthorized’ transfers

3 events that will determine the fate of cryptocurrencies

FTX says $415M in crypto was hacked since it filed for bankruptcy

Ex-FTX executive Brett Harrison slams ‘spiteful’ Sam Bankman-Fried

Todd and Julie Chrisley’s fall from grace: The inside story

Author who faked her own death reveals moment that lead her family to lie

Sam Bankman-Fried ordered $65B ‘secret backdoor line of credit,’ lawyer says

Sam Bankman-Fried’s father Joseph Bankman lawyers up as FTX probe progresses

Judge, prosecutors skeptical as Steven Bannon ghosts fraud case defense lawyers

Miami wins bid to scrap $135M NBA arena deal with bankrupt FTX

Sam Bankman-Fried blames Changpeng Zhao for ‘targeted’ campaign against FTX

FTX says it has recovered over $5B, but customer losses still unknown

Sam Bankman-Fried says he survived on jar of peanut butter in Bahamas jail

OTHER NEWS