The identities of two individuals who helped former FTX CEO Sam Bankman-Fried with his $250 million bail bond could be revealed next month. Want to know more? Catch up on the top news from last week with our Hodler's digest.
rates by 0.25% this week, in line with almost all expectations, leading the BTC/USD pair spiking above $24,000 for the second time in as many days, with market participants still hopeful for a trip to $25,000 before a more significant retracement.
“BTC has had a clean breakout above its macro downtrend line + a backtest,” investment research resource Game of Trades stated on Twitter, adding that “the next big resistance to clear is the $25k region.” Pseudonymous trader Crypto Tony acknowledged that the target may no longer materialize. “$25,000 is my main target, but I am seeing now a lot of people asking for this, and is becoming a crowded trade,” he wrote.Decentralized autonomous organization BonqDAO
has suffered a smart contract exploit that led to millions of dollars being stolen via an oracle hack that allowed the exploiter to manipulate the price of the AllianceBlock token. An independent analysis from blockchain security firm PeckShield has estimated the loss to reach $120 million, comprising $108 million from 98.65 million Bonq Euro tokens and $11 million from 113.8 million Wrapped AllianceBlock Tokens .
of South Korea’s largest crypto exchange, Bithumb, has been arrested for embezzlement. According to prosecutors, he and his brother, head of Bithumb affiliate Inbiogen, colluded to embezzle corporate funds and manipulate the stock prices of Inbiogen. Among other headlines, Spanish authorities haveKraken shuts down Abu Dhabi office, suspends support for AEDits Abu Dhabi office less than a year after receiving regulatory approval to operate in the region.
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SBF's Holding Company Emergent Technologies Also Files for BankruptcyThe company owned the disputed 56 million Robinhood shares that were seized earlier this year.
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DOJ-Appointed US Trustee Objects to Subpoena Request in FTX Bankruptcy Case – Bitcoin NewsThe U.S. Trustee explained that the motion would duplicate the efforts of the federally appointed independent examiner. FTX
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Sam Bankman-Fried Negotiating Bail Conditions, Court Filing SaysCounsel for former FTX CEO Sam Bankman-Fried is currently in talks with U.S. prosecutors to “resolve the outstanding issues related to Bankman-Fried’s bail conditions,” according to a court filing. Meanwhile, Proposals to subpoena FTX founder Sam Bankman-Fried, his immediate family and senior staff of the bankrupt crypto exchange have been opposed by the U.S. Trustee. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De breaks down the latest on Sam Bankman-Fried and FTX's hearings.
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FTX-backed NFT company airing $6.5 million Super Bowl commercialFTX-backed NFT shop Limit Break said it's the first company of its kind to buy time to advertise during the Super Bowl.
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Washington Property Linked to FTX Customer Funds Pulled From MarketA $3.3 million Washington, D.C., townhouse that FTX’s new management believes was bought with customer funds has been pulled off the market
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