Ahead of the holidays and the new year, former contractor of the US National Security Agency (NSA), known worldwide as a staunch privacy advocate and whistleblower, Edward Snowden, has offered to take over as the new CEO of Twitter following the Current “Chief Twit” Elon Musk has said he is stepping down. In other news this week, hedge fund manager Michael Burry — of “The Big Short” fame — said audits of cryptocurrency exchanges like FTX and Binance are “nonsense.” Catch up on these hot stories and more below in this latest edition of Bitcoin.com News Week in Review.
Elon Musk vows to step down as head of Twitter – Edward Snowden throws his name in hat for CEO
Tesla CEO and Twitter boss Elon Musk has vowed to step down as Twitter boss. As the billionaire searches for a new CEO to run the social media platform, privacy advocate Edward Snowden has thrown his name into the hat, claiming he takes payments in bitcoin. “The issue is not finding a CEO, the issue is finding a CEO who can keep Twitter alive,” Musk clarified.
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New FTX CEO Told Members of Congress SBF Family ‘Certainly Received Payments’ From Deal
According to multiple reports, the parents of FTX co-founder Sam Bankman-Fried face scrutiny over their alleged involvement with their son’s business operations. The two Stanford professors, Joseph Bankman and Barbara Fried, have not been charged with any wrongdoing, but current FTX CEO John J. Ray III recently told members of the US Congress that Joseph Bankman and “the family certainly received payments” from FTX.
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FTX co-founder ‘visibly agitated’ hammers ‘lost day’ in court as Bahamian and US legal team prepares for extradition
FTX co-founder Sam Bankman-Fried (SBF) had a tough day in court on Monday, according to multiple reports that said SBF’s local attorney appeared to be at odds with his U.S. legal team. Additionally, court reports noted that the SBF dozed off for an extended period of time and had to be woken up by an officer.
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Big Short Investor Michael Burry says audits of crypto exchanges like Binance and FTX are ‘nonsense’
Hedge fund manager Michael Burry, famous for predicting the 2008 financial crisis, says the problem with auditing cryptocurrency exchanges such as Binance and FTX is the same as when he started using a new type of currency swap. credit. “Our auditors were learning on the job,” he described, adding that “it’s not a good thing”.
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