FTX and Alameda transfers another $22M worth of crypto asset
Following their most recent move, FTX and Alameda Research have transferred another significant amount of digital assets, amounting to an impressive $22 million.
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Following their most recent move, FTX and Alameda Research have transferred another significant amount of digital assets, amounting to an impressive $22 million.
The former FTX CEO was found guilty of seven felony charges on Nov. 2, for which he could face up to 115 years in prison.
Gene Borrello, a former prisoner at MDC, told crypto blogger Tiffany Fong that Sam Bankman-Fried was targeted for his timid nature and having “the body of the 80-year-old.”
The Financial Stability Board suggested the crypto industry might still require additional regulatory measures to prevent another FTX-like situation at the hands of crypto service providers.
The group of FTX users is taking aim at Mercedes F1 and Major League Baseball for allegedly helping FTX commit fraud by promoting the crypto exchange on its platforms.
Binance and CZ’s ongoing legal drama with United States law enforcement ended with a plea deal.
This surge suggests significant institutional attention despite the token’s historical association with FTX’s financial challenges.
Bitcoin has more than doubled in price since the FTX collapse a year ago, but several other coins such as Chainlink have seen ever bigger gains since.
The legal action is pursuing “compensatory and punitive damages” from ByBit regarding the token scheme and the assets held on its platform.
SOL hit its highest price since May 2022, possibly due to an uptick in DApp use and a few other key factors.