Crypto recaps
Issue 21 – Other-than-temporary impairments could make banks less than well-capitalized
Silvergate spirals, another exec flips on SBF, and no one wants NFTs anymore.
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Newsletter
The Oasis "counter-hack" and the centralization of defi
Wormhole, Jump Crypto, and Oasis demonstrate the centralization threat introduced by multisig-controlled upgradeable smart contracts.
Newsletter
I asked Popehat: Why isn't SBF in jail?
A criminal defense attorney and former federal prosecutor shares his expertise.
Crypto recaps
Issue 20 – These things happen
The SEC enters a feeding frenzy and someone spends a quarter million dollars on a fart.
Crypto recaps
Issue 19 – Down with the crypto banks
Also featuring knockoff NFTs and claims of a wallet hacked via photograph.
Newsletter
Sam Bankman-Fried is not a child
But the media is treating him like one.
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.
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.