FTX founder Sam Bankman-Fried is reportedly on his way to the United States after voluntarily waiving his extradition rights. Citing a Bahamian court official, NBC News reports that the former crypto mogul formally agreed to be extradited from the Bahamas to his home country on Tuesday. Don Cleare, the acting commissioner of corrections for the …
Yearly archives: 2022
FTX Debacle: Two Top-Level Insiders Cooperating With Prosecutors in Criminal Case Against Sam Bankman-Fried
Two top-level executives of the former FTX crypto empire are cooperating with authorities in the criminal case against Sam Bankman-Fried. According to a recent statement made by the U.S. Attorney of New York’s Southern District Damien Williams, Caroline Ellison, a former executive of trading firm Alameda Research and Gary Wang, the co-founder of FTX, will …
Marshall Islands legally recognizes DAOs as domestic limited liability companies
The Republic of the Marshall Islands, an independent island state located in the Pacific Ocean near the Equator, has announced that the Decentralized Autonomous Organizations Act of 2022 has officially been passed into law. The law recognizes decentralized autonomous organizations and enables legal entities registered in the country to formally adopt DAO structures and governance …
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Crypto exchange Bullish announces termination of SPAC deal, citing SEC practices
Bullish, a crypto firm that came to public attention in July 2021 for seemingly being unclear on what products or services it was offering, has announced the termination of a deal aimed at taking the company public. In a Dec. 22 announcement, Bullish said it had reached a mutual agreement with Far Peak Acquisition to …
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FTX creditor committee hires Paul Hastings LLP for bankruptcy proceedings: Report
After taking pitches from many law firms, the nine-member committee representing unsecured creditors of the disgraced crypto exchange FTX has decided on a legal adviser, the Wall Street Journal reported on Dec. 21. Global law firm Paul Hastings LLP was hired to look after the interests of unsecured creditors in the bankruptcy case, including millions …
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SBF sent home after his parents put up their house to cover his astronomical bail bond
On Dec. 21, Reuters reported that Sam Bankman-Fried, the former CEO of FTX — who is now facing criminal charges that could land him in jail for the rest of his life — may be granted bail in the United States ahead of his trial. Prosecutor Nicholas Roos reportedly proposed granting bail to Bankman-Fried, often …
Bitcoin Price Prediction for Today, December 22: BTC/USD Signals Rejection at $16,800 Level
After touching the daily high of $16,868.82, the Bitcoin price prediction reveals that BTC drops 1.13% as it trades around the $16,635 level. Bitcoin Prediction […] Go to Source
FTX’s Sam Bankman-Fried To Be Released After Posting $250 Million Bail
Sam Bankman-Fried will be released on a whopping $250 million pre-trial bail. The former FTX CEO will move in with his parents in California. Alameda Chief Caroline Ellison has pleaded guilty and is cooperating with law enforcement. SBF previously claimed that he was down to his last $100,000. Sam Bankman-Fried, the former chief of bankrupt …
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Cardano Stablecoin Project Set To Debut in January As the Ethereum Rival’s Ecosystem Develops
A decentralized finance (DeFi) stablecoin project is gearing up for its debut on the Cardano (ADA) blockchain early next year. In a new interview with Learn Cardano Podcast host Peter Bui, head of COTI (COTI) Shahaf Bar-Geffen lays out what’s ahead for the Djed stablecoin project starting in January. “We kind of like lay the …
The driving forces behind crypto adoption in Latin America in 2022
Inflation, cross-border payments, assets tokenization and nonfungible tokens (NFTs) were among the major drivers for crypto adoption across Latin America in 2022, sources in the region told Cointelegraph, with exciting examples of progress across many countries. Latin America made up 9.1% of the global crypto value received in 2022, reaching $562 billion between July 2021 …
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Brazilian president signs crypto bill into law
Jair Bolsonaro, the President of Brazil set to leave office on Dec. 31, has signed off on a bill aimed at legalizing the use of crypto as a payment method within the country. In a Dec. 22 publication of the official journal of the federal government of Brazil, Bolsonaro’s office said the president had signed …
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SBF received special treatment inside Bahamian jail: Report
Former FTX CEO Sam Bankman-Fried, who was remanded to the notorious Fox Hill Prison in Nassau, Bahamas, pending an investigation into the collapse of his exchange, had a different experience than many other prisoners. According to the Financial Times, Bankman-Fried was held in the sickbay where he had access to a toilet, running water, a …
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North Korean hacking activity ceases after regulators implement KYC – Report
According to a new press report published by South Korea’s National Intelligence Service (NIS), North Korean hackers have stolen more than 800 billion Korean won ($620 million) worth of cryptocurrencies from decentralized finance, or DeFi, platforms this year. The agency also revealed it blocked a daily average of 1.18 million attacks perpetrated by national and …
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Research: US leads weak Bitcoin and Ethereum accumulation into festive period
The appetite for crypto accumulation slows significantly going into the new year. 2 min read Updated: December 22, 2022 at 5:30 pm Cover art/illustration via CryptoSlate Bitcoin accumulation has softened significantly but as 2022 draws to a close, the U.S. is buying more BTC than any other region, according to CrytoSlate’s analysis of Glassnode data. A …
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North Korean hackers reportedly stole $1.2B in crypto since 2017
North Korea is allegedly investing these funds into its nuclear missile program. 2 min read Updated: December 22, 2022 at 4:17 pm Cover art/illustration via CryptoSlate South Korea’s National Intelligence Agency (NIS) reportedly revealed that state-sponsored North Korean hackers stole $1.2 billion worth of crypto assets in the last five and a half years and …
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