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Short Seller Jim Chanos Criticizes Michael Lewis' Defense of FTX, Compares It to Enron
3.10.2023
Famous billionaire short-seller Jim Chanos blasted Big Short author Michael Lewis on Sunday for his charitable defense of FTX founder Sam Bankman-Fried (SBF).
In an episode of CBS’s 60 Minutes this weekend, Lewis discussed his new book “Going Infinite,” in which he told his story on SBF based...
SEC-retly Failing: How the SEC Is Letting Crypto Down
16.2.2023
When Gary Gensler (ex-Goldman Sachs investment banker) was announced as the new head of the Securities and Exchange Commission (SEC) in February 2021, the crypto industry saw a glimpse of hope. After all, the man in charge of regulating the industry was a “crypto native,” having taught...
Objections Raised Over Appointment of Sullivan & Cromwell as Debtors’ Counsel for FTX
21.1.2023
On Friday, bankruptcy judge John Dorsey approved the law firm Sullivan & Cromwell (S&C) to be appointed as the debtors’ counsel for FTX, despite an objection from Daniel Friedberg, a former FTX US compliance officer. During a Zoom presentation, Friedberg claimed there was a conflict...
The FTX Collapse Looks an Awful Lot Like Enron
16.11.2022
Because they were actually related entities, Alameda and FTX were able to falsely pump asset values and harvest leverage. Jeffrey Skilling would approve
Bernstein: The Collapse of Crypto Exchange FTX More Like Enron Than Lehman
15.11.2022
The broker sees a significant liquidity impact on the crypto market in coming weeks, which will hurt the smaller tokens
Former US Treasury Compares FTX Collapse to Infamous Enron Fraud – Crypto Regulation Incoming?
13.11.2022
Former Treasury Secretary Larry Summers has compared the sudden fall of cryptocurrency exchange FTX to energy trader Enron's scandal in the early 2000s.
In a "Wall Street Week" interview with Bloomberg, he said that while "a lot of" people have compared this to Lehman, he believes it is more...
Former US Treasury Secretary Larry Summers Compares FTX Collapse to Enron Fraud
13.11.2022
Former U.S. Treasury Secretary Lawrence Summers has compared crypto exchange FTX to Enron, noting that the case is a classic fraud rather than the complexities of cryptocurrency regulation. He said the regulatory community ought to draw two lessons from the collapse of FTX. Larry Summers Compares...
From Enron to FTX: Wall Street Turnaround Titan John Jay Ray III Takes Reins from FTX CEO Sam Bankman-Fried
11.11.2022
Sam Bankman-Fried handed over control of his company to the veteran Wall Street bankruptcy lawyer who will guide the company’s Chapter 11 process
‘The Enron of Europe’ — What We Know So Far About the Wirecard Scandal
7.8.2020
Australian YouTuber Dagogo Altraide posted a new video to his 2.5M subscribers detailing the fall of FinTech company Wirecard
From Enron to Wirecard: How Blockchain Tech Could Have Helped
25.7.2020
If blockchain technology is used within a regulated financial system, Wirecard-esque scandals can be a thing of the past, writes BRD CEO Adam Traidman
Crypto Card Issuer Wirecard Says It’s Missing $2.1B in ‘German Enron’ Scandal
18.6.2020
Wirecard admitted the accounting hole was roughly a quarter of the company’s total balance sheet