<story><title>FTX collapse, Tether operations have links to online-poker cheating scandals</title><url>https://www.poker.org/ftx-collapse-tether-operations-have-links-to-infamous-online-poker-cheating-scandals/</url></story><parent_chain><item><author>themgt</author><text>It&amp;#x27;s incredible that SBF was being touted by Sequoia, WEF, Fortune, chumming it up with Clinton and Blair in the Bahamas, getting meetings and kid glove treatment with the SEC, relatively glowing profile as a &amp;quot;do-gooder&amp;quot; by the NYT.&lt;p&gt;All while FTX had a Chief Regulatory Officer who was basically a career white-collar criminal. It beggars belief that anyone who dug half an inch into this story wouldn&amp;#x27;t have seen 90,000 watt flashing red warning signs.&lt;p&gt;Crypto turned into a haven for replaying every form of financial fraud ever invented on an epic speedrun against retail &amp;quot;investors&amp;quot;, and a whole lot of powerful people and institutions have dirty hands. The idea all of this could be adequately explained by stupidity rather than malice strains credulity.&lt;p&gt;&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.nytimes.com&amp;#x2F;2022&amp;#x2F;05&amp;#x2F;14&amp;#x2F;business&amp;#x2F;sam-bankman-fried-ftx-crypto.html&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.nytimes.com&amp;#x2F;2022&amp;#x2F;05&amp;#x2F;14&amp;#x2F;business&amp;#x2F;sam-bankman-frie...&lt;/a&gt;</text></item></parent_chain><comment><author>AlexandrB</author><text>With every crypto collapse there seems to be an associated failure by the media to do any real digging. The same thing happened with Theranos where, with a few exceptions, the media fawned over Elizabeth Holmes.&lt;p&gt;It&amp;#x27;s hard to tell if the media has gotten worse at their jobs or they&amp;#x27;ve always been this bad and I&amp;#x27;m just getting older. There are plenty of earlier scams and bubbles (Enron, dot-com bubble) that slipped under the radar until thing went to shit, so I suspect the latter.</text></comment>
<story><title>FTX collapse, Tether operations have links to online-poker cheating scandals</title><url>https://www.poker.org/ftx-collapse-tether-operations-have-links-to-infamous-online-poker-cheating-scandals/</url></story><parent_chain><item><author>themgt</author><text>It&amp;#x27;s incredible that SBF was being touted by Sequoia, WEF, Fortune, chumming it up with Clinton and Blair in the Bahamas, getting meetings and kid glove treatment with the SEC, relatively glowing profile as a &amp;quot;do-gooder&amp;quot; by the NYT.&lt;p&gt;All while FTX had a Chief Regulatory Officer who was basically a career white-collar criminal. It beggars belief that anyone who dug half an inch into this story wouldn&amp;#x27;t have seen 90,000 watt flashing red warning signs.&lt;p&gt;Crypto turned into a haven for replaying every form of financial fraud ever invented on an epic speedrun against retail &amp;quot;investors&amp;quot;, and a whole lot of powerful people and institutions have dirty hands. The idea all of this could be adequately explained by stupidity rather than malice strains credulity.&lt;p&gt;&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.nytimes.com&amp;#x2F;2022&amp;#x2F;05&amp;#x2F;14&amp;#x2F;business&amp;#x2F;sam-bankman-fried-ftx-crypto.html&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.nytimes.com&amp;#x2F;2022&amp;#x2F;05&amp;#x2F;14&amp;#x2F;business&amp;#x2F;sam-bankman-frie...&lt;/a&gt;</text></item></parent_chain><comment><author>zozbot234</author><text>Wait, wasn&amp;#x27;t the NYT supposed to take a very critical look at everything in &amp;quot;tech&amp;quot;, as a matter of editorial policy?  Why were they giving such a glowing (no pun intended!) endorsement of crypto, of all things? Something doesn&amp;#x27;t add up here.</text></comment>