American Kingpin: Catching the Billion-Dollar Baron of the Dark Web
“Silk Road doesn’t really sell drugs. It sells insurance and financial products,” says Carnegie Mellon computer engineering professor Nicolas Christin. “It doesn’t really matter whether you’re selling T-shirts or cocaine. The business model is to commoditize security.”
Silk Road1: Theory & Practice
Crypto exchanges and token creators who wanted to sell to Americans insisted that these tokens weren’t securities but more like, say, Starbucks Rewards points. As FTX was incorporated in Antigua, operated in Hong Kong, and in principle did not allow American investors to trade on its crypto exchange, and in principle did not sell its tokens to Amer
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Christopher Weaver and John Carreyrou, “Theranos Offers