CRYPTO

Bankrupt crypto exchange FTX has sued the parents of founder Sam Bankman-Fried, who were just profiled by Bloomberg in "How Sam Bankman-Fried’s Elite Parents Enabled His Crypto Empire", even as the article forgot to mention all the others who enabled SBF's criminal spree…

… to recover millions of dollars in "fraudulently transferred and misappropriated funds," the company said in a court filing late Monday alleging the "effectively altruist" (more…)

Authored by Peter Chawaga via BitcoinMagazine.com,

This concerted effort, later labeled “Operation Choke Point”, targeted a wide range of business categories, including ammunition sales, drug paraphernalia, payday loans, dating services, pornography, telemarketing, tobacco sales, and government grants. This broad application of financial exclusion ultimately prompted multiple lawsuits and federal investigations into the conduct of both the DOJ and the Federal Deposit Insurance (more…)

Authored by Nick Giambruno via InternationalMan.com,

Weekends and holidays are the perfect time to catch people off guard…

Like a street thug committing a mugging, capital controls blindside most people – otherwise, they wouldn’t be effective.

The government declares a surprise bank holiday and shuts all the banks – mere hours after they denied they were even thinking about such actions.

They impose capital controls to stop citizens from taking their money out of the (more…)