FTX leadership pressed for information by US subcommittee chairman

The former and current CEOs of the bankrupt FTX cryptocurrency exchange have been pressed by the chair of a United States House subcommittee calling for documents relating to the exchange’s finances. “FTX’s customers, former employees, and the public deserve answers,” Raja Krishnamoorthi, Chairman of the Subcommittee on Economic and Consumer Policy wrote in a Nov. 18 letter addressed to both former FTX CEO Sam Bankman-Fried and the exchange’s current CEO John J. Ray III, who took over in the wake of FTX’s bankruptcy filings. Krishnamoorthi added the subcommittee was “seeking…

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Open Letter Bitcoin Tesla And Elon Musk

[ad_1] Dear Tesla and Elon Musk, In February 2021, Tesla became an industry leader in Bitcoin by accepting payment alongside Microsoft, PayPal, Starbucks, Overstock and Twitch. As Bitcoin users and supporters, we were obviously disappointed in May when Tesla announced that it would no longer accept bitcoin and only accept fiat currencies. Much has been written on the issues of this currency, such as assisting organized crime, untraceability and the environmental impact of its use. Nonetheless, while this currency is overwhelmingly used for crime, virtually untraceable, and kills thousands of…

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