Crypto broker Genesis told clients that it could take weeks, not days, for it to find a path forward for its troubled lending unit, which was hobbled by the implosion of Sam Bankman-Fried’s FTX https://t.co/f3yUrBydGh
Nomura plans to break a profit at its crypto unit within two years as the failure of Sam Bankman-Fried’s FTX exchange spurs demand for safer counterparties in the digital-asset sector https://t.co/XJ0np3bJRP
This is credible 😠
The US Government spends money on every "cyber-" gizmo, yet has a 20+ year track record of failing to defend Americans against electronic attacks.
Regulations demanded collection of personal data... which adversaries promptly stole en masse. 😡