Coinbase CEO Armstrong Says Bankman-Fried’s US$8B ‘Accounting Error’ Doesn’t Stand Up
“I don’t care how messy your accounting is, you’re definitely going to notice if you find an extra $8B to spend,” Brian Armstrong, Coinbase Global.
“I don’t care how messy your accounting is, you’re definitely going to notice if you find an extra $8B to spend,” Brian Armstrong, Coinbase Global.
Cryptocurrency space is undergoing one of roughest stretches in memory, with trouble brewing at exchanges and lenders, and token prices collapsing.
Beleaguered crypto lenders are being dealt another blow from Bitcoin miners as they weather the aftermath of the FTX collapse.
The crypto rout has room to run, according to veteran fund manager Mark Mobius. He wouldn’t invest his own cash or client money in digital assets.
The famous entrepreneur has invested in several projects and firms in the cryptocurrency industry.
Sam Bankman-Fried apologized to staff in a letter that outlined a crash in “collateral” to $9 billion from $60 billion.
Wall Street’s waning conviction in Coinbase Global Inc. has done little to deter Cathie Wood. Instead she’s been scooping up shares of cryptocurrency.