The head of legal and the chief risk officer at Binance.US are leaving, The Wall Street Journal reports. The CEO of Binance.US quit earlier this week.
Just remembering the time that FTX’s legal and compliance team quit, no reason.
Dominic Tinio started cleaning up after the Burners in 2000. He has a month to clean up after the festival before the Bureau of Land Management inspects the site.
Black Rock City’s around 3,600 acres—3,600 football fields, we’ll say. 157 million square feet. So that’s a lot of territory to cover. But we cover it. I’m going to have somewhere between 175 and 200 people out here doing a line sweep. Everybody lines up and we, block for block, walk the desert.
Some slot machines are dark. The ATMs don’t work, but people need to pay in cash. Check-ins are manual. Viva Las Vegas!
[The Wall Street Journal]
How involved were SBF’s powerful parents?
Legal filings suggest Bankman and Fried were crucial to their son’s transfiguration from schlubby startup nerd to hyperconnected crypto mogul. The couple profited tremendously from FTX, netting $26 million in cash and real estate in 2022 alone. They were regular fixtures at the company’s offices, offered words of encouragement to employees and were included in internal company communications. Their reputations and connections were essential to FTX’s success.
FTX has said its holdings are worth $3.4 billion.
FTX revealed earlier this week that it holds $1.16 billion of solana (SOL) – approximately 16% of the token’s outstanding supply – and about $560 million in bitcoin (BTC). The rest of its holdings consist of lesser known illiquid tokens.
Good luck out there, folks!
