Understanding Sam Bankman-Fried Conviction and Its Impact on Tax Implications. On November 2, 2023, Sam Bankman-Fried (SBF) faced a conviction on all counts in his criminal trial in the Southern District of New York. The charges included wire fraud, securities…
Backpack Launches Cryptocurrency Exchange in Dubai with Former FTX General Counsel Can Sun Leading the Way
Backpack, the Solana-based NFT wallet app, has made headlines with its announcement of a cryptocurrency exchange launch in Dubai. The company has appointed Can Sun, former general counsel of FTX, to spearhead this exciting venture. Furthermore, the associated NFT project,…
FTX Bankruptcy Team Pursues $1 Billion Lawsuit Against Bybit – Unraveling the Legal Battle
In a legal move, FTX’s bankruptcy advisers have taken Bybit Fintech and its affiliates to court, seeking the recovery of approximately $953 million in cash and digital assets. The lawsuit, filed in a Delaware court, revolves around allegations that Bybit’s…
SEC Chair Gensler: Rebooting FTX under ex-NYSE chief possible with adherence to the law
In the dynamic world of cryptocurrencies, FTX has emerged as a significant player. However, recent events involving its founder, Sam Bankman-Fried, and the subsequent bankruptcy of the exchange have raised concerns about regulatory compliance and investor protection. As the SEC…
FTX: In-Depth Analysis of Crypto Asset Transfers and Holdings of Sam Bankman’s Fried Empire
In this comprehensive analysis, we delve into the recent crypto asset transfers made by FTX, a leading cryptocurrency exchange. By examining the data provided by Lookonchain (@lookonchain), we gain valuable insights into the volume of assets transferred and the current…
FTX, The Bankrupt Exchange transferred Solana tokens worth $187 million. Will it tank Solana price ?
In a series of rapid divestments, FTX, the beleaguered crypto exchange, has transferred approximately $316 million in digital assets to various crypto exchanges, as revealed by on-chain data. These transfers are part of FTX’s ongoing bankruptcy proceedings, aiming to compensate…
FTX Bankruptcy Consultants Shared Customer Trading Data
FTX, a leading cryptocurrency platform, has recently come under scrutiny regarding the privacy of its customers’ transactions. Court records reveal that FTX advisers have been cooperating with federal law enforcement agencies in the United States, providing them with customer account…
FTX Seeks Approval to Sell Grayscale and Bitwise Assets Valued at $744M
In a significant development, FTX, a bankrupt crypto exchange, and its debtors have filed a request with the U.S. bankruptcy court of Delaware to seek approval for the sale of trust assets. Estimated to be valued at a staggering $744…
Closing Arguments Commence Wednesday as Sam Bankman-Fried’s Defense Concludes
Cryptocurrency enthusiasts and investors are closely watching recent developments in the United Kingdom, where the government, as reported by CNBC Television, is poised to introduce formal legislation for the regulation of cryptocurrencies. This monumental decision is set to impact the…
El Salvador’s Bitcoin Embrace: Poised to be the ‘Singapore of the New World’ Insights from VanEck Expert
El Salvador aims to transform itself into a significant financial center in Latin America, following the model set by Singapore in Asia. Driven by foreign investment, immigration, and the adoption of Bitcoin as legal tender, the small Central American nation…
Top 7 Crypto Exploits in November: A Surge in Breaches and Significant Losses in the Blockchain Sector
In the fast-paced world of cryptocurrencies, security breaches continue to pose significant challenges to the blockchain sector. November witnessed a surge in such incidents, and we present to you the top 7 biggest crypto exploits that unfolded during this eventful…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a transformation that is sending shockwaves through the market. Regardless of whether you are an experienced BTC price speculator or a newcomer to the crypto arena,…
