Father of FTX CEO, Stanford Professor Joseph Bankman, oversaw intertwined philanthropic and regulatory efforts
Dec 6
In the spring of 2022, Sam Bankman-Fried, the founder of the bankrupt crypto exchange FTX, made Chicago its U.S. headquarters, drawing the applause of the city’s mayor.
“This is a mechanism and a tool to bring traditionally underrepresented and ignored populations into the world of crypto so they can take ownership and control of their own financial destiny,” said Mayor Lori Lightfoot at the ribbon-cutting ceremony at the opulent, 9,000 square foot FTX headquarters in May. “I think the sky is the limit.”
The reason FTX.US chose Chicago was, in part, to use the city to pilot a cash giveaway program aimed at poor African American residents. FTX was essentially contributing to two ”guaranteed basic income” programs, one run by a nonprofit called Equity And Transformation (EAT), and the other by the city.
To continue at original source; https://michaelshellenberger.substack.com/p/ftx-crypto-fraudsters-targeted-poor
Summit Therapeutics is among This Morning’s Most Active Listings
(24/7 MARKET NEWS) – Summit Therapeutics Inc. (NASDAQ: SMMT) is continuing its recent power move trading at $1.13, up $0.345 (+43.95%), on about 6 million premarket shares traded.
Its 52-week range is $0.66 to $5.30. Its next inflection points are $1.20, $1.30 and $1.43.
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