Mustafa has been writing about Blockchain and crypto since a few years. He has earlier buying and selling expertise and has been working within the Fintech trade since 2017.
A court docket submitting by FTX, a well known cryptocurrency change, has revealed that Sam Bankman-Fried, the CEO of rival agency Alameda, allegedly used funds gained by way of insider buying and selling to buy a $2.5 million yacht. The submitting additionally means that Alameda was conscious of Bankman-Fried’s misconduct and turned a blind eye. Alameda went on to break down in 2020, resulting in important losses for traders. The revelations have forged a damaging gentle on the cryptocurrency trade, which has lengthy struggled to shake off its affiliation with monetary misconduct.
