Ahead of the holidays and the new year, Edward Snowden, a former US National Security Agency (NSA) contractor known the world over as a staunch privacy advocate and whistleblower, said after his current “chief tweet”: , offered to step up as Twitter’s new CEO. Elon Musk announces his resignation. In another news this week, Michael Burry, his manager at hedge fund famed for ‘The Big Short’, said audits of cryptocurrency exchanges like FTX and Binance were ‘pointless’. . Stay tuned for these hot stories and more in this latest issue of Bitcoin.com News Week in Review.
Elon Musk Promises To Step Down As Head Of Twitter — Edward Snowden Throws His Name In The CEO’s Hat
Elon Musk, CEO of Tesla and head of Twitter, has pledged to step down as head of Twitter. As the billionaire is looking for a new CEO to run his social media platform, privacy advocate Edward Snowden throws his name into the hat, saying he will make payments in Bitcoin. “The problem isn’t finding a CEO, it’s finding a CEO who can keep Twitter alive,” Musk clarified.
New FTX CEO Tells Congress Members SBF Family ‘Certainly Received Payment From Business’
The parents of FTX co-founder Sam Bankman-Fried are facing scrutiny over their son’s reported involvement in running the business, according to multiple reports. His two professors at Stanford University, Joseph Bankman and Barbara Freed, have not been indicted for wrongdoing, but his current FTX CEO, John J. Ray III, was recently sued by the U.S. Congress. He told members that Joseph Bankman and “the family did indeed receive payment from FTX.”
US legal team prepares for extradition as ‘visibly shaken’ FTX co-founder strikes out ‘wasted day’ in court as Bahamian
FTX co-founder Sam Bankman-Fried (SBF) said SBF’s local attorney appeared to be at odds with his U.S. legal team, according to numerous reports, in court on Monday. Spent the day. In addition, the court reported that the SBF had fallen asleep for long periods of time and had to be awakened by officials.
Big-short investor Michael Barry says audits of crypto exchanges like Binance and FTX are ‘pointless’
Hedge fund manager Michael Barry, who famously predicted the 2008 financial crisis, said audit issues on cryptocurrency exchanges like Binance and FTX began when he started using a new kind of credit default swap. says it’s the same. “Our auditor was learning on the job,” he explained, adding, “Not a good thing.”
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