Block told CNBC's "The Exchange" he had seen the business trajectory of the"[Bankman-Fried] went from zero to, I'm worth 20 billion dollars, I'm putting our logo on major league baseball umpire uniforms and on the Miami Heat area. It seems like really trying hard to establish yourself as a household name."
without their knowledge and contributed to FTX's bankruptcy. Block said a September 2021 article found Alameda's assets were substantially in the cryptocurrency solana, which at the time was plunging in value, raising questions about its debt and source of funds. Block is a crypto sceptic who described the recent surge into the industry as a bubble based on a "suspension of disbelief."
Block gained prominence for alleging and exposing instances of fraudulent accounting in U.S.-listed Chinese companies.he and other investors and hedge funds were being probed by the U.S. Justice Department as part of an investigation into short selling.
The Karate Kid put on a few Lbs.
Crypto creates no efficiency, has no utility for the masses…..this is just the beginning of the crash.
It's more of an example that it's task was complete... funnel and launder aid money that was first sent to Ukraine, and then back through FTX into the DNC warchests. Mid-terms are over, so there is no need for it. Sorry investors and employees