Kraken founder promoted Custodia’s doomed bank and stablecoin
Kraken CEO Jesse Powell has supported shadowy stablecoin Tether since 2018. Curiously, he supported Custodia and its doomed projects, too.
Kraken CEO Jesse Powell has supported shadowy stablecoin Tether since 2018. Curiously, he supported Custodia and its doomed projects, too.
Tether has always had a close relationship with online gambling: Ultimate Bet poker, USDT-denominated perps, and USDT-on-Tron gaming.
Brendan Blumer of EOS and Block.One fame invested over $90 million in Silvergate right before it collapsed 80%.
Australian savers who bet on bitcoin through self-managed crypto pension funds have lost millions after it dipped 60% from its 2021 high.
Researcher Igor Igamberdiev claims Jane Street largely contributed to the depegging of UST and Terra’s collapse — but did it mean to?