Throwback in having to read these Ch 11 pacer docs, but interesting to highlight the lack of internal controls and regulatory compliance on day 1 of the new interim CEO position at ftx https://t.co/ZLq8oGAIvs
Here's how it works:
- FTX creates $FTT
- Alameda buys or premines $FTT at super low price
- FTX pumps $FTT
- Alameda posts $FTT back to FTX as collateral, borrowing "real" assets from FTX's customer deposits
No need for additional ftx pile-on and interesting to see markdowns this fast and publicly. Makes the case for certain transparency, understanding stakeholders, and growing prudently with defi
Great to see Thailand following Singapore's lead on attracting top talent (beyond just tech.pass visa). 10-year renewable, multiple-entry visa with certain tax breaks does sound kinda nice https://t.co/S1MoDNLYhF #ONEpass#tech.pass
As I get deeper into the rabbit hole of blockchain, I’m looking to experiment and collaborate with crypto investors & Web3 BUIDLers on the following prototypes:
•GameFi Guide: https://https://t.co/1uARBG8iLh
•SEA Guide: https://t.co/IXBpaCBhY5
DM4MORE! #web3#DeFiProject
Fed intervention to protect consumers and bring in tax dollars by possibly replacing private stablecoins with their CBDC https://t.co/goi3mSzxA6 Contrast this to Singapore where the MAS is seeking feedback from the private sector for digital innovations