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FTX News

Exchanges
FTX Japan Announces Plans to Return Users’ Funds

Users of FTX Japan will be able to reclaim their assets via direct withdrawal, according to the roadmap released by the exchange.
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FTX News
Gemini and Winklevoss Twins Sued for Not Selling Interest-Bearing Accounts as Securities

In the lawsuit, investors alleged that the Gemini exchange and the Winklevoss twins violated the Exchange Act.
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Caroline Ellison apologizes for defrauding customers
FTX News
Caroline Ellison Apologizes for Defrauding Customers, Says She ‘Knew It Was Wrong’

Former Alameda Research CEO said she agreed to “borrow several billion dollars from FTX” to repay the hedge fund’s loans.
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polygon Zero Knowledge Scaling Solution machine scientist launch
FTX News
DeGods and y00ts to Wave Farewell to Solana and Migrate to Ethereum and Polygon in 2023

Both projects plan to release new roadmaps next month.
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OKX logo in front of blue lightning next to white excavator
Binance News
OKX to Publish Proof-of-Reserves Every Month, Unveils Self-Verification Feature

The Proof-of-Reserve report revealed that OKX has always maintained a 1:1 customer-fund ratio reserve.
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FTX News
SBF’s $250M Bail Bond: How Does It Work and Who Paid It?

A bail bond doesn’t require any upfront payments, and SBF might end up not paying a penny for the bail.
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Sam Bankman Fried sitting in front of an Bank of England
FTX News
Crypto Market Is Too Dangerous to Remain Unregulated – Bank of England

The FTX collapse has demonstrated the need for regulation in the industry, BoE Deputy Governor said.

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Sam Bankman-Fried covering his ears with his hands next to an empty wallet with bats flying out of it
FTX News
SBF to Spend Christmas at Home as US Court Grants him a Record $250M Bail

SBF’s bail comes with strict conditions, he can’t move out of country and can’t make transactions of more than $1000.

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Caroline Ellison behind a Gary Gensler pointing.
FTX News
Former FTX, Alameda Research Executives Cooperating with the Authorities on Charges of Fraud

Both Wang and Ellison pleaded guilty to the federal charges against them.
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A man wearing white T-shirt with FTX logo on it pointing at a white cloud with crypto coins on top
FTX News
FTX Has Over $1 Billion in Cash Assets, New Management Tells Creditors

The new FTX management has identified and is making moves to recover over $1 billion in cash for the company.

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Sam Bankman Fried on a motorcycle speeding through colorful smoke
FTX News
SBF Set for US return, Signs Extradition Papers

According to reports, SBF agreed to his extradition in principle on December 19 and will be handed to FBI soon.

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Phone frozen inside an ice cube in front of BlockFi logo
FTX News
BlockFi Files Motion to Unfreeze Users’ Funds

The motion is an important step towards restoring users' funds, according to BlockFi.

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Solana CEO Anatoly Yakovenko carrying weights with Solana logo wearing gym clothes
FTX News
Solana Maintains Strong Developer Activity Despite FTX Collapse

Solana had more than 2000 active developers in the month of November.

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Human behind FTX stand staring at a giant stash of coins in front of a crowd
FTX News
FTX Wants to Sell Solvent Subsidiaries, Says It Already Received ‘Dozens’ of Inquiries

The solvent units include LedgerX, or FTX Derivatives, as well as FTX Japan, FTX Europe, and Embed Business.
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A Chrismassy top corner reads "Cryptomas #4". The Central image depicts Vitalik, CZ, and crypto flying out of the screen.
Binance News
Four Positive Events in the Crypto Space This Year

Crypto in 2022 wasn't just about hacks and bankruptcies, there were many positive developments as well.
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FTX News
Amber Group Completes $300 Million Funding Round to Combat a “Prolonged Crypto Winter”

Amber Group believes the funding will help protect its clients from volatile market conditions.
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FTX News
U.S. DOJ Appoints Nine-Member Creditors’ Committee to Represent FTX Account Holders

The committee will represent junior creditors and account holders as the DOJ look into the bankruptcy case of FTX.
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SBF looks over his shoulder as Co-CEO of FTX Bahamas lurks behind him.
FTX News
FTX Bahamas Co-CEO Tipped Off Bahamian Authorities About Customer Funds Sent to Alameda

Ryan Salame told the SCB on November 9 that FTX sent customer funds to Alameda to cover its financial losses.
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FTX News
U.S. Attorney Damian Williams Calls FTX One of History’s Biggest Frauds

Damien Williams blamed the cryptocurrency exchange for not being transparent about its business and risk management practices.

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Robinhood Could Be the Next Casualty Under Stress from FTX Collapse – CitiGroup
FTX News
Robinhood Could Be the Next Casualty Under Stress from FTX Collapse – CitiGroup

CitiGroup has downgraded Robinhood (HOOD) to neutral as the trading company has been hit hard by the FTX collapse.

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