The end of 2022

The end of 2022 By Protos • Issue #11 • View online

It has been a wild year with so many Ponzis collapsing, embezzlement everywhere, rugs and hacks and bankruptcies. Let's hope 2023 destroys more bad actors!

Tether transparency: A lesson in lying Tether has repeatedly promised complete transparency and to get itself audited. Neither of these things has happened but does anybody care? protos.com  •  Share

Tether has trouble keeping their story straight.

Bad news for Bankman-Fried as Ellison and Wang plead guilty Bankman-Fried has landed in the US as members of his inner circle, Caroline Ellison and Gary Wang, plead guilty to an array of fraud charges. protos.com  •  Share

FTX co-conspirators plead guilty and turn against SBF.

The best of the worst NFTs minted in 2022 Check out the most corrupt, tasteless, and outright mad NFTs we had to endure in 2022, as the crypto market burned. protos.com  •  Share

2022 has had some UGLY NFTs.

Grayscale considers GBTC buyback if it loses SEC lawsuit Grayscale says it will consider a 20% share buyback of its bitcoin trust, GBTC, if it cannot convince the SEC to convert it into an ETF. protos.com  •  Share

Grayscale continues a tender offer.

Bankman-Fried agrees to US extradition as FTX hunts down donations Bankman-Fried will face criminal charges stateside. Meanwhile, FTX demands that third parties return funds given before its collapse. protos.com  •  Share

Sam Bankman-Fried was extradited.

Reuters hints at 'dark secrets' surrounding Binance and its reserves Reuters refuses to back off from reporting on Binance's allegedly opaque finances and attempts to skirt regulations. protos.com  •  Share

The former Binance CFO was not allowed to see the Binance books, which seems like a red flag if you ask me.

FTX used former Wirecard partner to process Chinese payments It's currently unclear what amount of FTX customer funds remains with its banking partner Cuscal, Omipay, or Monix. protos.com  •  Share

Finder Wallet sued by Australian regulators for unlicensed Earn product Finder Wallet has been sued by Australian security regulators who allege its Earn product was unlicensed and illegal. protos.com  •  Share

Finder Wallet has been sued for their 'Earn' product.

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