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The Crypto Catch-Up…

Friday, January 13, 2023 by Snacks

📸 Flashy… The SEC charged lender Genesis and exchange Gemini with offering unregistered securities. Regulators said 340K Gemini customers are out $900M that was sent to Genesis' lending program.

🌶️ Spicy… Disgraced FTX founder Sam Bankman-Fried launched a Substack newsletter while awaiting trial on fraud charges related to his exchange's collapse. In his first post SBF denied stealing customer funds.

🎤 Braggy… Binance CEO Changpeng "CZ" Zhao said the 8K-person exchange is planning a hiring spree. As other exchanges like Coinbase announce fresh layoffs, CZ said Binance expects to pump headcount by up to 30%.

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