Please note, this is a STATIC archive of website www.coindesk.com from 28 Feb 2023, cach3.com does not collect or store any user information, there is no "phishing" involved.
A prominent Asia-based crypto investment firm, Sino invested many of the tokens hardest hit by the unraveling of Sam Bankman-Fried's FTX crypto empire, documents show. FTX was also a key partner on a big fund Sino raised with outside investors' capital.
With bitcoin continuing to trade sideways above its $16,000 support level, plus a look at the similarities of FTX and other infamous fraudsters, CoinDesk’s “Markets Daily” is back with its latest news roundup.
Misplaced admiration of Sam Bankman-Fried, prior to the FTX collapse, was a natural tendency. To move forward, we must recognize this vulnerability and safeguard with appropriate regulation.