Politicians Demand to Know if SEC Was Involved in Timing of SBF’s Arrest [ Crypto Espresso 2.13.23 ]

What a ludicrous display last night Didn't think that team had it in them But they sure did in the end you know Somebody sure needs to get those refs Eyes checked though am I right Uh no I did not watch the game enough Friendly banter though we have news to Deliver because I'm your host Andrew and This is crypto espresso your teeny tiny Daily shot of caffeinated crypto Headlines I mean I tried right first up A pair of powerful politicians are Demanding to know if the Securities and Exchange Commission was involved in the Timing of Sam bankman Freed's arrest the Former FTX CEO was detained in the Bahamas on December 12th which was the Day before he was due to testify in Front of the house Financial Services Committee the testimony would have meant That bankman freed would need to give an Explanation about the collapse of FTX Under oath allowing members of Congress The opportunity to grill him for hours Like a delicious brisket a letter Written by Patrick McHenry and bill Huizenga says the timing of the charges And his arrest raised serious questions About the sec's process and cooperation With the doj the American people deserve Transparency from you and your agency The Valentine's Day is rapidly Approaching and Paris Hilton wants to be Your metaverse Cupid starting February

13th the reality star socialite and Metaverse entrepreneur is launching What's described as an in-game dating Reality show in Paris land her virtual Tropical island so what does that all Mean well until March 13th the queen of The metaverse has built the world's First romantic Island where you can send Your avatar to virtually meet and flirt With five other players there will be Mini-Game activities like buying a Wedding ring and outfit rescuing a Castaway and discovering a love Burgers Secret ingredient hopefully it's not People the CEO of a fake crypto and Foreign exchange platform m in the FX Pled guilty to defrauding investors of Nearly 250 million dollars guaranteeing Weekly returns of five percent Eddie Alexandra convinced tens of thousands of Investors to entrust him with their Money he moved 14.7 million dollars into His own account and bought a 155 000 BMW Among other other luxuries the good news Or maybe less bad than you'd expect news Is that he didn't do all that much with The rest he did try some actual Investing though according to Prosecutors noting that Alexandra Sustained millions of dollars in losses On The Limited portion of funds that he Did invest which he did not disclose to His investors so the thing that he was Supposed to do he did really really not

So good allegedly and finally the owner Of bankrupt crypto lender Genesis Global Capital is selling both it and a sister Firm broker Genesis global trading to Help pay off as much of the 3.5 billion Dollars that it owes its creditors as Possible that includes 340 000 Gemini Earned clients who have some 900 million Dollars Frozen in the bankruptcy under a Proposal agreed to by genesis's parent Digital currency group and the main Creditor representative groups the two Genesis companies will be gathered under One umbrella casually named Genesis Global hold Co for eventual sale if they Can't be sold or don't attract a Suitable price one hundred percent of The equity in the holding company will Go to creditors likely minus a Management incentive plan and I for one Am sad to see Genesis go away I have so Many fond memories of playing Sonic the Hedgehog 3 and Streets of Rage 2 and oh My producer is telling me that I'm an Idiot well I may be an idiot but I can Still tell you all to like this video Subscribe to our YouTube channel and Click on that little bell icon to get Buzzed whenever new crypto espresso Video goes live and you dear viewer can Let me know what Genesis does and and Don't in those comments below because I Read them and I might just shout out my Favorite comments in tomorrow's episode

Though I don't know what and don't he do Everything questions about our headlines Or crypto in general why not ask Alex in That description below Alex is a great Resource for all things web 3 and the Metaverse and that about does it for Today again I've been your host Andrew These have been your headlines and we'll See all of your beautiful shining faces Tomorrow