Key Witness at Sam Bankman-Fried Trial to Launch New Crypto Exchange
Ex-FTX lawyer Can Sun and other former company executives want the new exchange to allow customers to verify holdings at any time
Well, I just lost my slight sympathy for those characters. They’re all incurable professional criminals. Now they’re playing the classic good scam vs bad scam game. Sammy has served as the sacrificial anode, the burned scapegoat, so now everyone except Sammy is clean.
Inference: those characters have an official guarantee that they won’t be prosecuted or jailed.
Now bitcoin can be owned and operated by Blackrock without any problems, which was always the intended goal.
Oops. I missed an earlier news item that the FTX exchange itself is going to be restarted by a former head of the New York Stock Exchange. Part of the same original intention.
Also: Here’s an excellent post-game wrapup by Jacob Silverman. He explains the whole thing with enough detail to inform people who haven’t been following the story, but without overexplaining to bore the people who have been tracking. Silverman gets everything right.
Polistra's Mill 