SBF Prosecutors To Hunt and Butcher Govt Donation Recipients
Prosecutors from the SBF reached out to members of the DNC, DCCC, and Congressman Hakeem Jeffries to aid their ongoing investigations.
FTX
Binance’s Proof of Reserves is Solid: CryptoQuant Report
On-chain analysis platform CryptoQuant said that Binance’s proof of reserve (PoR) is indeed trustworthy. Read CNL for more.
Justin Sun: China Legally Launches BTC Futures ETF
Recently, Justin Sun, the developer of Tron, revealed in a tweet that China is considering launching a futures exchange-traded fund (ETF) for Bitcoin.
SBF To Pay $250K, Bail, With Ankle Tag to Gain Freedom
Sam Bankman-Fried’s attorneys have filed a bail request in a Bahamas Magistrate Court. Lawyers suggest SBF pay $250K with an ankle tag.
Binance Cold Wallets Show $62 Billion Amid User Withdrawals
Binance has recently witnessed huge withdrawals from users who may have been worried about the exchange’s solvency. However, a look into cold wallets managed by the exchange shows that it has more than enough funds to process withdrawals. Based on the list of cold wallets provided by The Block’s Vice President of Research Larry Cermak, Binance is holding at least $62 billion worth of crypto. The figure may have reduced since the time the addresses were checked, but the point is that Binance has enough funds to enable customer withdrawals. According to Nansen, Binance has processed a spike of withdrawals
Justin Sun Supports Binance: Deposits 100M USD
Recently, Tron ecosystem creator Justin Sun tweeted that he had deposited $100 million in a bid to stabilize the struggling cryptocurrency exchange.
Royal Bahamian Police Force Arrests Sam Bankman-Fried
According to the Bahamas Attorney General, the Royal Bahamas Police force arrested Sam Bankman-Fried, the former FTX CEO on December 12, 2022. Read CNL.
Binance Hits Back at Reuters for “Wrong” Reporting
The bottom may not be in, as new fear, uncertainty, and doubt (FUD) is floating in the air again. This time, it has something to do with the largest cryptocurrency platform in the world — Binance. Specifically, a report from Reuters said that American prosecutors are considering filing criminal charges against Binance for possible violation of the law, including money laundering and criminal sanctions violations. As per the report, the grounds for the charges date back from 2018, focusing on Binance’s compliance with anti-money laundering laws of the US. It is not clear if there is significant development happening around
SBF Plans on a New Business to Compensate FTX Users
During a BBC invitation to the Bahamas where he resides, Sam Bankman said that he is hopeful of finding a solution to pay compensation to FTX customers.
Binance Audit Findings Raise Red Flags, Analyst Says
The Wall Street Journal reports that Binance’s efforts to make its reserves more transparent raised financial red flags. Read CNL
Media Houses to DOXX Information of Over 1M FTX Customers
The NYT, Bloomberg, and WSJ have filed to intervene in a motion attempting to prevent the redacting of the identities of more than 1M FTX customers.
Alameda Chief Gets Ex-SEC Top Gun as Lawyer for FTX Probe
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
