It wasn't all that long ago that pot producer Aurora Cannabis (NASDAQ: ACB) was a leading company in the cannabis industry. Nowadays, the company's CEO is working to simplify operations and shut down facilities in order to keep costs down and get Aurora closer to profitability. Aurora's business hasn't evolved the way many in the industry would have expected or hoped. Read More...
CoinDesk
They Burned Down Crypto. Now They Want a Comeback
On Wednesday, Vox published a bombshell interview with former crypto exchange FTX CEO Sam Bankman-Fried, where the 30-year-old crypto trader all but revealed he had, in fact, co-mingled customer funds with those of his hedge fund, Alameda Research. This would be a problem on its own, as it violated FTX’s terms-of-service as well as likely falls afoul of wires or securities laws. Bankman-Fried’s crime, which “wasn’t quite lending [customer deposits] out” but something “messier,” “more organic” and “reasonable” than that, was compounded after a run on his exchange left up to one million FTX users without access to their funds.
