Ahead of the holidays and the New Year, former US National Security Agency (NSA) contractor, known to the world as a staunch privacy advocate and whistleblower, Edward Snowden has offered to take over as the new CEO after the current “Chief Twit”. to step up from Twitter. Elon Musk has announced his retirement. In other news this week, hedge fund manager Michael Burry — known as “The Big Short” — said audits of cryptocurrency exchanges like FTX and Binance were “meaningless.” Catch up on these hot stories and more below in this latest installment of Bitcoin.com News Week in Review.
Elon Musk promises to step down as Twitter boss – Edward Snowden throws his name in the hat as CEO
Tesla CEO and Twitter boss Elon Musk has promised to step down as Twitter boss. As the billionaire sought a new CEO to run the social media platform, privacy commissioner Edward Snowden threw his name in the hat, declaring that he accepts payments in Bitcoin. “The question isn’t finding a CEO, the question is finding a CEO who can keep Twitter alive,” Musk said.
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The new FTX CEO told members of Congress that the SBF family “certainly received payments.”
According to multiple reports, FTX co-founder Sam Bankman-Fried’s parents are under scrutiny over their alleged involvement in their son’s business operations. Stanford professors Joseph Bankman and Barbara Fried have not been accused of wrongdoing, but current FTX CEO John J. Ray III recently told members of the US Congress that Joseph Bankman and “the family will certainly receive payments” from FTX to have.
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‘Visibly shaking’ FTX co-founder hammers out ‘wasted day’ in court as Bahamas’ US legal team prepares for extradition
FTX co-founder Sam Bankman-Fried (SBF) had a difficult day in court on Monday, according to a series of reports that SBF’s local attorney appears to have been at odds with his U.S. legal team. In addition, court reports noted that SBF had fallen asleep for an extended period of time and had to be roused by an officer.
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Big-short investor Michael Burry says audits of crypto exchanges like Binance and FTX are ‘meaningless’
Hedge fund manager Michael Burry, famous for his predictions on the 2008 financial crisis, says the problem with auditing cryptocurrency exchanges like Binance and FTX is the same as it was when he first started using a new breed of credit default swaps. “Our examiners learned on the job,” he said, adding that it’s “not a good thing.”
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Tags in this story audits, big short, binance, ftx, john j ray iii, michael burry, musk, sam bankman-fried, SBF, SBF court, SBF extradition, snowden, twitter ceo
What do you think of the hottest stories from Bitcoin.com News over the last week? Be sure to let us know in the comments section below.
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