SBF pleads not guilty, crypto layoffs, and bank run on Silvergate: Hodler’s Digest, Jan. 1-7
Sam Bankman-Fried enters not guilty plea for all counts in federal court
Former FTX CEO Sam Bankman-Fried (has pleaded not guilty to all charges related to the collapse of the crypto exchange, including wire fraud and securities fraud. He faces eight criminal counts, which could result in 115 years in prison if convicted. Furthemore, a petition has been filed by Bankman-Fried’s legal team asking a court to redact and not disclose certain information on individuals acting as sureties for his $250-million bond, alleging threats against his family.
US Feds put together FTX task force to trace stolen user funds
A task force organized by the Southern District of New York has been formed to track and recover missing customer funds as well as investigate and prosecute the collapse of crypto exchange FTX. A similar effort had already been underway by FTXs new management, which hired financial advisory company AlixPartners in December to conduct asset-tracing for missing digital assets.
SEC files objection to Binance.USs plans to acquire Voyager Digital
Coinbase (NASDAQ:) reaches $100M settlement with NY regulators
Community celebrates Genesis Day by sending BTC to the genesis block
BTC price forms new support at $16.8K as Bitcoin lures mega whales
Mango Markets exploiter Avraham Eisenberg ordered into detention pending trial
Silvergate sold assets at loss and cut staff to cover $8.1B in withdrawals
Crypto lender Genesis lays off 30% more staff
The best (and worst) stories from 3 years of Cointelegraph Magazine
Asia Express: Chinas NFT market, Moutai metaverse popular but buggy
How time-weighted average price can reduce the market impact of large trades
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