Best Twitter threads of the day – August 3rd

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  TL;DR Breakdown The New York Times reveals Caroline Ellison’s personal notes, in which she expressed dissatisfaction and feeling overwhelmed with her role as CEO of Alameda Research months before the FTX collapse. The documents suggest that Ellison had full knowledge of the issues plaguing FTX, raising questions about her involvement in the fund mismanagement that resulted in significant losses for investors. Description In a startling turn of events, shocking details regarding Caroline Ellison, the CEO of crypto hedge fund Alameda Research, have emerged from documents accessed by The New York Times. These notes shed light on Ellison’s apparent foreknowledge of the impending collapse of crypto exchange FTX, which initiated Chapter 11 proceedings seven months ago. The collapse … Read more In a startling turn of events, shocking details regarding Caroline Ellison, the CEO of crypto hedge fund Alameda Research, have emerged from documents accessed by The New York Times. These notes shed light on Ellison’s apparent foreknowledge of the impending collapse of crypto exchange FTX, which initiated Chapter 11 proceedings seven months ago. The collapse had far-reaching consequences, affecting cryptocurrency…

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• Laos cuts electricity supply to crypto miners amid drought issues

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• US state agency warns of soaring crypto scams on social media platforms

  TL;DR Breakdown Vermont’s DFR warns of rising cryptocurrency scams, citing a case of a man losing $340,000. Cryptocurrencies lack traditional safeguards, leading to a 900% increase in scams since the pandemic’s start. The DFR urges prompt reporting of fraud to law enforcement, including the FBI’s IC3, and local Vermont authorities. Description The Vermont Department of Financial Regulation (DFR) issued an investor alert on July 20, 2023, highlighting the increasing risks associated with cryptocurrency investments on social media platforms and urging the public to exercise extreme caution. The alert was prompted by a recent NPR story featuring 74-year-old Naum Lantsman, who lost his life savings to a … Read more The Vermont Department of Financial Regulation (DFR) issued an investor alert on July 20, 2023, highlighting the increasing risks associated with cryptocurrency investments on social media platforms and urging the public to exercise extreme caution. The alert was prompted by a recent NPR story featuring 74-year-old Naum Lantsman, who lost his life savings to a cryptocurrency scam. Lantsman was lured by a company called SpireBit on Instagram, which claimed to be…

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• Crypto rug pull losses surpassed DeFi exploits in May

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• US-based institutions actively accumulating bitcoin following BlackRock’s ETF bid, on-chain analyst says

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