By Kathy Chu, TruthDAO This week is turning out to be a memorable one for FTX, formerly the world\’s No. 3 crypto exchange. The Securities and Exchange Commission (SEC) has filed civil charges against FTX founder Sam Bankman-Fried — known universally as SBF — claiming he misled investors who collectively deposited nearly $2 billion with […]
FTX Collapse: 10 Claims to Watch Read More »
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Up this week: Dennis leads off with #TheTwitterFiles and asks Washington Democrat insider Lanny Davis whether Twitter went too far. He also interviews The New York Post’s longtime “Media Ink” columnist, Keith J. Kelly, to ask why the media are going all-crickets on the story.
And the latest on the arrest in the Bahamas of accused crytpo-scammer Sam Bankman-Fried. Why is the SEC leading this case when it lacks any oversight of cryptocurrencies? Maybe the real aim is to silence the mop-headed 30-year-old so he can’t talk about Democrat donations and the access it brought.
By Kathy Chu, TruthDAO Binance, currently the world’s largest cryptocurrency platform, is feeling the heat as the entire crypto industry comes under fire for opaque business practices. On Tuesday, NY prosecutors unsealed their 8-count indictment against FTX founder Sam Bankman-Fried, commonly known as \”SBF.\” The Securities and Exchange Commission also filed civil charges, claiming SBF
FTX Implosion Puts Spotlight on Binance Accounting Practices Read More »
The Mediaverse by Dennis Kneale, TruthDAO columnist If you are one of the 290 million Americans who aren’t on Twitter, have you even heard of the Twitter Files exposé? Maybe not, because The Washington Post, The New York Times, and CNN and other mainstream media have ignored this story or undermined it for days. As
Media Yawns at the Twitter Files (OPINION) Read More »
La Frontera, by Carlos Sanchez, TruthDAO opinion columnist I recently boarded a plane in South Texas’s McAllen Miller International Airport and was astonished by what I saw: In a county that the U.S. Census Bureau says is just one percent Black or African American, the passenger load was easily one-third Black. As I took my
Texas Gov. Abbott and the Border: Photo Ops vs Reality (OPINION) Read More »
This week Dennis leads off with the Georgia run-off and the Twitter Files, asking the $64 Question, “Where is the media outrage on election interference?”
Then Vivek Wadhwa, the Silicon Valley author, Harvard academic, and friend of Elon Musk lets loose with startlingly blunt criticism of his old friend. According to “The Vivver,” Musk is partying too much, is surrounded by idiots giving him bad advice, and is taking too many drugs that are “eating away his brain.”
Bad Advice and Eating Brains Read More »
By Kathy Chu, TruthDAO Before FTX went belly up, tech entrepreneur and value investor Mike Alfred predicted that Celsius Network and BlockFi would collapse. He made that prescient prediction last year. Both companies have since filed for Chapter 11 bankruptcy protection. Alfred thinks it\’s just a matter of time before others go bust. Some of
Crypto DeFined: Value Investor Mike Alfred Talks FTX and Other Red Flags in Crypto Read More »
The Mediaverse by Dennis Kneale, TruthDAO columnist The overnight collapse of the FTX crypto trading platform wiped out $8 billion in investor funds and sparked $200 billion in crypto losses. Yet, up until a few weeks ago, FTX was adored by the media and admired by some of the most powerful investment firms in the
How the Media Turned a Loser into a Hero (OPINION) Read More »
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Long time financial reporter and broadcaster Dennis Kneale kicks off his new podcast series with a look at how far the media have fallen since he entered the business 30 years ago. He also talks to Ukranian-born investor Yuri Vanetik, managing partner at Dominion Asset Management, who says Republicans are opposing Biden for his Ukrainian connections – when they should be helping Ukraine defend itself.
Kneale also takes a look at the downfall of FTX and has a parting shot on staying healthy through the holidays and into 2023.
By Kathy Chu, TruthDAO So. Many. Warning. Signs. And to all appearances, every one of them was missed. FTX had a valuation of $32 billion, making it the third largest crypto exchange in the world. It had the backing of top-tier investment funds, including Sequoia Capital, BlackRock and SoftBank. As for its 30-year-old founder and
FTX Collapse Preceded By Years of Questionable Practices Read More »