Thursday, January 12, 2023

Sam Bankman-Fried publishes a Substack post offering his account of how FTX collapsed, sticking to his claims of innocence, even as ex-executives plead guilty (Lucinda Shen/Axios)

Lucinda Shen / Axios:
Sam Bankman-Fried publishes a Substack post offering his account of how FTX collapsed, sticking to his claims of innocence, even as ex-executives plead guilty  —  Disgraced FTX founder Sam Bankman-Fried on Thursday published his account of how the crypto company collapsed.



Sources: crypto broker Genesis owes creditors more than $3B, leading DCG to explore selling venture assets, estimated to be worth ~$500M, to raise cash (Nikou Asgari/Financial Times)

Nikou Asgari / Financial Times:
Sources: crypto broker Genesis owes creditors more than $3B, leading DCG to explore selling venture assets, estimated to be worth ~$500M, to raise cash  —  Barry Silbert's conglomerate weighs offloading venture assets to help wholly owned digital asset lender



Sources: Coinbase's internal "sentiment" tracker for media coverage showed Sam Bankman-Fried's FTX was consistently viewed more favorably until its collapse (Reed Albergotti/Semafor)

Reed Albergotti / Semafor:
Sources: Coinbase's internal “sentiment” tracker for media coverage showed Sam Bankman-Fried's FTX was consistently viewed more favorably until its collapse  —  Crypto exchange Coinbase has for years tracked how the company is portrayed in the press and online, and that “sentiment” …



Yuga Labs announces a skill-based game, Dookey Dash, accessed via a free mint for BAYC holders called Sewer Passes, running between January 18 and February 15 (Rosie Perper/CoinDesk)

Rosie Perper / CoinDesk:
Yuga Labs announces a skill-based game, Dookey Dash, accessed via a free mint for BAYC holders called Sewer Passes, running between January 18 and February 15  —  The gamified expansion of its Bored Ape Yacht Club ecosystem involves minting a free Sewer Pass to play a game called Dookey Dash.



Russian cryptocurrency payment network A7 expands to Africa, as Moscow builds an alternative payments system amid western sanctions after its Ukraine invasion (Financial Times)

Financial Times : Russian cryptocurrency payment network A7 expands to Africa, as Moscow builds an alternative payments system amid weste...