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Five in Ten 11/14/22: Crypto Crash

Cryptocurrency exchange FTX collapsed in spectacular fashion last week with the owner’s net worth dropping from $15 billion to $0 in days. Sources claim that some $10 billion in customer funds was secretly funneled to a sister company.

5) Crypto exchange FTX suffers epic collapse; 4) Ukraine votes to refer Israel to International Criminal Court over treatment of Palestinians; 3) Dutch foreign minister orders closure of illegal Chinese police offices in Netherlands; 2) Pfizer’s CFO calls COVID pandemic “multi-billion dollar franchise”; 1) Fake Twitter accounts lead to billions of dollars of losses for Eli Lilly and Lockheed-Martin.

Category: Daily Update

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