Like the Blue Jays in 92/93, the US Securities and Exchange Commission (SEC) has gone back-to-back. Back-to-back with crypto lawsuits, that is.

Would you let a company scan your eyeball in exchange for some digital tokens? OpenAI CEO Sam Altman is betting that your answer will be: “Yes, absolutely, where do I sign?!”

From trading hiccups to stablecoin woes, the world’s largest crypto platform has had a rough 2023. And now, after a new report, regulators are circling like sharks before a feeding frenzy.

Former FTX CEO and ex-“Next Warren Buffet” Sam Bankman-Friend (known by friends and the entire internet as SBF) maintained his innocence in court yesterday while facing charges that could land him up to 115 years in the big house.

$2.4 million worth of bitcoins were mysteriously transferred from virtual wallets linked to QuadrigaCX, the bankrupt Canadian crypto exchange that was revealed to be a Ponzi scheme. 

The strange part? Those wallets were previously thought to be inaccessible, and we don’t know where the bitcoins have gone. 

If you thought things couldn’t get worse for the crypto world, think again. 

Just as miners headed to Canada in 1896 to cash in on the gold rush, crypto miners found their way up north in recent years for a different kind of gold rush — one involving Bitcoin.  

But given the ongoing meltdown in the sector, the loot may be drying up.

According to a guy that’s seen the darkest side of the corporate world, the business practices of fallen crypto exchange FTX are about as bad as it gets.

A lot can change in a week. One day, you’re running one of the world’s largest crypto exchanges, rubbing shoulders with Tom Brady, and being touted as the “king” of your industry. The next, you’re giving up your job at the helm and signing US bankruptcy papers.