Crypto collapse: Mt Gox payouts, Tether hooks up the feds, SEC says no to Coinbase, crypto media (amycastor.com)
from dgerard@awful.systems to buttcoin@awful.systems on 28 Dec 2023 22:21
https://awful.systems/post/756597

#buttcoin

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self@awful.systems on 29 Dec 2023 00:46 next collapse

At the FT Crypto and Digital Assets Summit in London, the exchange’s new CEO Richard Teng refused to answer even basic questions, like where Binance is headquartered and whether it’s had an audit. “Why do you feel so entitled to those answers?” Teng said when pushed. “Is there a need for us to share all of this information publicly? No.”

gonna miss Binance’s signature “just lie like you’re 6 years old” crisis management style when they get sued out of existence

Rocky001@lemm.ee on 02 Jan 2024 11:34 collapse

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swlabr@awful.systems on 29 Dec 2023 09:41 next collapse

While I appreciate the journalism here, reading crypto news, even when it is snarky and covering crypto Ls, is still hella exhausting. Still, good post.

Also, I imagine anytime a cryptoad takes an L, the audio of the bitconnect guy saying “bit conneeeeeeect!” plays in their head.

dgerard@awful.systems on 29 Dec 2023 10:48 next collapse

also newsletters are digital fishwrap, read once and throw away. We need to write more stuff that’s a go-to on a topic, then it gets linked and shit

Rocky001@lemm.ee on 02 Jan 2024 11:34 collapse

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Soyweiser@awful.systems on 29 Dec 2023 11:47 next collapse

4 (continued)

Seems like a missing header there.

dgerard@awful.systems on 29 Dec 2023 12:28 collapse

Callback. “4” was cz’s response to any bad news, calling it “FUD”. Then the DoJ hammer came down. Now they’re still acting like basic good behaviour is an outrageous demand.

gerikson@awful.systems on 29 Dec 2023 12:34 collapse

I got that reference.

I need to get out more.

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