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This is probably pure speculation. But I've heard from the VC circle that SBF is raising up to USD 10B by threatening to bring down the crypto industry if he f
by halamadrid 4y ago
This is probably pure speculation.
But I've heard from the VC circle that SBF is raising up to USD 10B by threatening to bring down the crypto industry if he fails. Basically he knows its a house of cards and it can come down if he publishes the information he has.
This is also why, he keeps saying, he will talk about this but "later". It will be an interesting time to watch this evolve.
USDT (Tether) going down is probably the best news ever. Everyone knows they don't have the deposits to back the circulating tether but yet they survive.