Bad crypto bets helped to destroy Credit Suisse banker’s wealth firm
Francis Menassa invested $2.5M in trading platform BlockEx which, despite a successful ICO, was forced to lay off staff 12 months later.
Francis Menassa invested $2.5M in trading platform BlockEx which, despite a successful ICO, was forced to lay off staff 12 months later.
The liquidation of Farmington State could see FTX and Alameda creditors get back some money from the $11.5 million 2022 investment.
FDIC-insured banks were warned to report accurate numbers for insured deposits… but the warning applies to depositors and investors, too.
Tether apparently bought nearly $50M worth of commercial paper from a subsidiary of Masraf Al Rayan, a bank fined $4M by the FCA.
Before Silvergate Bank closed, Block.One founder, Brendan Blumer, Citadel, and Cathie Wood’s ARK Invest all made doomed attempts to save it.