THE HASH: New FTX CEO Criticizes Management of Crypto Exchange During Sam Bankman-Fried's Tenure; Next Steps for Binance

This episode is sponsored by minima.global, Circle and Pastel Network. The most valuable crypto stories for Thursday, Nov. 17, 2022. "The Hash" team discusses New FTX CEO John J. Ray III issued a scathing assessment of "unprecedented" poor management practices by his predecessor, Sam Bankman-Fried, in a series of filings in a Delaware court. Also, Binance.US, the American arm of the world's largest cryptocurrency exchange, is preparing to bid for bankrupt lending platform Voyager Digital, according to CoinDesk. See also: Confusion Abounds As Binance and OKX Suspend Support for USDC, USDT on Solana, Then Backpedal Binance to Relaunch Bid for Bankrupt Lender Voyager: Source FTX Affiliate Alameda Research Loaned $4.1B to Related Parties – Including $1B to Sam Bankman-Fried New FTX Boss Condemns Management of the Crypto Exchange During Sam Bankman-Fried's Tenure FTX's New Leadership Is in Touch With Regulators, May Have Over 1M Creditors, New Filings Say This episode has been edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.” - Minima is a new layer 1 blockchain, designed to run in full on a smartphone. Join over 300,000 Minima node runners on the Incentive Program today, to start earning $MINIMA every day until Mainnet launch. Get your node setup and earn $MINIMA at minima.global/get-involved. - Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses. - SmartMint by Pastel Network is a no-code NFT minting platform that allows creators to seamlessly create, mint and manage NFTs on custom smart contracts that they own. SmartMint also protects creators’ NFTs from fraud, copymint, and asset loss through Pastel’s mission-critical Web3 infrastructure. Start creating today: https://smartmint.pastel.network/?utm_source=coindeskhash. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.