To Save FTX, SBF Tried to Destabilize the Crypto Market
The CEO of the biggest crypto exchange in the world and a Tether representative became concerned that SBF was attempting to destabilize the stablecoin.
The CEO of the biggest crypto exchange in the world and a Tether representative became concerned that SBF was attempting to destabilize the stablecoin.
The rumors that former Alameda Research CEO Caroline Ellison was in New York instead of Dubai may be proven true, given recent developments that have come to light. According to journalist Tiffany Fong, she has onboarded former SEC enforcement head Stephanie Avakian as her lawyer for the upcoming House hearing. Bloomberg and other prominent media institutions also provided similar information, adding that WilmerHale, the law firm where Avakian is the head of the securities and financial services department. Previously, Avakian worked for the SEC from 2016 up to 2022, obtaining the lofty position of head of its enforcement division. People
According to Michael Saylor, Sam Bankman-Fried used stolen and counterfeit money from the embattled FTX to corrupt the establishment of Bitcoin. Read CNL.
The online push for Bitcoin acceptance has been spearheaded by crypto celebrities in recent months following the failure of several crypto businesses.
According to the most recent reports, Sam Bankman-Fried’s parents will not be teaching at Stanford Law School starting next year. Read CNL for more.
The most recent power player vying for a slot to participate in an exchange-traded fund is Catherine Wood of Ark Investment Management (ETF). Read CNL.
Former Binance Chief of Strategy Gin Chao said that now is a good time to invest in cryptocurrencies and companies. Read here.
Microsoft claims that a threat organization, DEV-0139, has targeted crypto investment firms using Telegram channels by connecting with their VIP clients.
Cryptocurrency pioneer named Nikolai Mushegian tweeted that intelligence agencies were going to murder him and was found dead on a beach hours later.
Rumors are circulating on social media that Twitter is considering launching its own native currency, “Twitter Coin,” to be used for tipping and payments.
Jim Cramer, host of CNBC told investors that they still have time to liquidate their cryptocurrency holdings before it’s too late. Read CNL for more.
SBF appeared to acknowledge that the mixed funds from the defunct FTX cryptocurrency exchange were meant to be kept in separate customer accounts.