With the collapse of Bahamas-based cryptocurrency exchange FTX, the crypto winter has turned cold, and regulators are fueling both positive and negative speculation. Binance, on the other hand, has been making acquisitions and firings while facing some allegations.
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FTX is begging for wasted money
Bankrupt Crypto Exchange FTX Is Trying To learn Raise as much money as possible from your previous campaigns, including some donations. As a result, the company has persuaded some of the recipients to return the funds given to FTX.
per a report good Published on December 21, the exchange attempted to warn recipients of such funds with legal action. Some US political organizations affiliated with the Democratic Party agreed to return approximately $10 million in FTX donations as a result.
In February, former FTX CEO Sam Bankman-Fried (SBF) and his brother Gabe Bankman-Fried donated $1.6 million to ProPublica, a nonprofit journalism organization. The funds—a portion of the $5 million donation is intended, among other things, to research COVID-19—may soon return to FTX.
In addition, John J. Ray III, the new CEO of FTX, filed a motion claim Robinhood shares worth $450 million in US court for the District of Delaware. Ray also wants the bankruptcy court to freeze the brokerage’s shares until FTX makes some progress.
jail no jail
got sbf this week exiled Emigrated to the United States from the Bahamas where he was first arrested on criminal charges that led to the downfall of FTX and its sister firm, Alameda Research.
The US Securities and Exchange Commission (SEC) accused SFB of defrauding US customers and improperly using FTX funds to retaliate for Alameda’s losses and expenses.
However, former FTX CEO was issued on December 23 from a New York court after her parents paid $250 million in bail. The settlement allows SBF to remain with his family in Palo Alto while awaiting the next court session. On Christmas Eve, he saw ‘Chill’ in the JFK Airport business lounge on your way to San Francisco.
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