Newsletter
The Celsius examiner's report: a picture of fraud and incompetence
Nearly 500 pages of damning evidence that Celsius was little more than a money incinerator that finally ran out of fuel.
Molly White
Molly White is a researcher, software engineer, and prominent critic of cryptocurrencies and blockchain-based projects.
Crypto recaps
Issue 18 – Chief Ponzi Officer
If you're in the ponzi business, maybe don't quip to your colleagues in writing that you should be retitled "Ponzi Consultant". Also, a16z-backed rugpulls, Tesla buys high and sells low.
Newsletter
The FTX subpoenas
The team overseeing FTX's bankruptcy has a lot of questions.
Newsletter
Grayscale Bitcoin Trust: the free money machine that went into reverse
A lucrative arbitrage opportunity formed the foundation of much of the cryptocurrency industry. When it turned bad, it brought the whole house of cards down with it.
Crypto recaps
Issue 17 – Posting through it
Doubly bad weeks for both Genesis and Nexo, and the founders of Three Arrows Capital progress in their quest to become the most hated people in crypto.
Crypto recaps
Issue 16 – Bahamian brouhaha
Also featuring stablecoin salaries, Bitcoin burglaries, and rug-pull rationalizations.
Newsletter
In 2022, web3 went just great
Come, reminisce with me.
Crypto recaps
Issue 15 – The reverse Midas touch
Tax loss harvesting worthless NFTs as a service (TLHWNFTaaS), more pilfered Pokémon, and a hard lesson that mere belief that your actions are legal doesn't mean that they are.
Crypto recaps
Issue 14 – FTX friends flip on fellow fraudster
SBF is in the US, where he has been released on bail. Meanwhile, two top executives are cooperating with the investigation and have pled guilty to their charges.
Newsletter
FTX hearing: Senate edition
A recap of the Senate hearing on "Crypto Crash: Why the FTX Bubble Burst and the Harm to Consumers", which featured witnesses both advocating for and critical of crypto.
Newsletter
The charges against Sam Bankman-Fried and the first FTX Congressional hearing
An overview of the charges filed against SBF from three agencies today, and a recap of the Congressional hearing that featured four hours of testimony from FTX's new CEO.
Crypto recaps
Issue 13 – Don't threaten me with a good time
Sam Bankman-Fried tells me he doesn't think he'll be arrested several hours before he is arrested. Also, Decentraland introduces landlords.
Crypto recaps
Issue 12 – Destablecoins destabilize
Bankruptcies pile up, Orthogonal Trading goes pear-shaped, and crypto exchanges perform layoffs... again.
Newsletter
Everything Sam Bankman-Fried is doing is in singular pursuit of not going to jail
And it is critical that we all keep that at the forefronts of our minds.
Crypto recaps
Issue 11 – A different sort of animal
Many, many companies look for a bailout in the wake of the FTX collapse while a group of Elon Musk stans take sycophancy to new heights.
Crypto recaps
Issue 10 – Speedrunning the evolution of modern finance
The FTX dumpster fire rages on, Crypto.com had a quiet $400 million+ oopsie a month ago, and Binance comes up with a novel idea to add stability to a financial system.