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pink stuff he called “tusi”—
“We can spend our whole existence doing the same things, living the same day a thousand, ten thousand times, without realizing that life is slipping away from us. Then one day everything changes.”
It was as if the Wright Brothers sold air miles to finance inventing the airplane, in the words of Money Stuff columnist Matt Levine.
They sent over papers documenting a $900 million line of credit from Tether to Bitfinex. Signing on behalf of Tether was Giancarlo Devasini. And on behalf of Bitfinex: Giancarlo Devasini.
“The market just doesn’t care,” one crypto trader told a reporter at the time. “This community has an immense tolerance for pain.”
As we sat down, he pulled a book about financial fraud, Misplaced Trust, off the shelf. “People do funny things for money,” he said, cryptically.
1973, a casual comment from a Japanese high school student about a local credit union started a rumor that led to a damaging panic.
I couldn’t believe that every day, people sent millions of perfectly good U.S. dollars to the Inspector Gadget creator’s Bahamian bank in exchange for digital tokens conjured by the Mighty Ducks guy and run by executives who were targets of a U.S. criminal investigation.
I asked Bankman-Fried whether he’d ever consider leading his life a different way. He pressed his face in his hands for a few seconds before answering. “It’s not a decision that I constantly reevaluate, because I think it just doesn’t do me any good to be constantly reevaluating anything,” he said. “It doesn’t, minute to minute, feel to me like a decision anymore.”
Over the next three hours and fifty-one minutes, the hackers stole 119,754 coins—
writer Andy Greenberg explained, “Bitcoin had turned out to be practically the opposite of untraceable: a kind of honeypot for crypto criminals that had, for years, dutifully and unerasably recorded evidence of their dirty deals.”
police escort. The officer, on a motorcycle, sped through stoplights, sirens blaring, making martial hand gestures as the bus’s engine strained to keep up. A bumper-to-bumper traffic jam parted like a zipper as drivers pulled off the road onto the sidewalk to make way. I turned around to check if Clinton was on the bus. I saw only three other people, none of them ex-presidents. If this was how the Bahamas treated me, I thought, imagine what they did for Bankman-Fried.
crypto skeptics David Gerard and Amy Castor
