CRYPTOS

Sam Bankman-Fried, BlockFi and Sullivan & Cromwell: A Viper’s Nest of Conflicts and Intrigue

by Pam Martens and Russ Martens, Wall St On Parade: On December 21, Big Law firm Sullivan & Cromwell filed a conflict disclosure with the U.S. Bankruptcy Court in Delaware, where it was hoping to be officially appointed as lead counsel for the bankruptcy estate of Sam Bankman-Fried’s collapsed crypto house of cards – FTX, […]

Bitcoin premium hits 60% in Nigeria as country limits ATM cash withdrawals

by Martin Young, Coin Telegraph: The price of one Bitcoin (BTC) in Nigeria has skyrocketed to the equivalent of $38,000 in the local currency, the naira. The price of Bitcoin BTC $23,172 in Nigeria has skyrocketed to well above global market levels amid continued efforts by the central bank to push its citizens into digitalized […]

He’s Cooked…

by Karl Denninger, Market Ticker: Sam is done. Two of his chief lieutenants, including his former lover, have turned on him, pled guilty to criminal offenses that will almost-certainly lead to a decade or more in prison, and are cooperating against him. Among the offenses they pled guilty to are installing specific bypasses of the […]

SBF Was Meeting With Senior White House Officials Shortly Before FTX Collapse

by Paul Joseph Watson, Summit News: FTX founder and accused crypto-crook Sam Bankman-Fried met with senior White House officials on at least four occasions in the months leading up to his firm’s massive implosion, Bloomberg reports. On Sept. 8, SBF met with senior Biden adviser Steve Ricchetti in a previously unreported encounter, White House officials familiar with the matter said. […]

Senator Warren’s New Legislation Goes After Crypto Services and Private Bitcoin Wallets

by Mish Shedlock, Mish Talk: In the name of money laundering, Senator Elizabeth Warren goes after crypto. She has a Republican co-sponsor. Please note that a bipartisan bill to crack down on crypto money laundering is in the works. The Legislation Would TRUTH LIVES on at https://sgtreport.tv/ Direct the Financial Crimes Enforcement Network (FinCEN) within the Treasury Department […]