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FTX

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March 2023

Centralized intermediaries were cause of crypto failures in 2022, says Voorhees

If there was a lesson from the crypto implosions of 2022, it is the demonstration of the superiority of open code and decentralization over central intermediaries, argues Voorhees at DC Blockchain Summit.

FastForkast headlines

Crypto bank Silvergate to close, return all deposits; becomes latest victim of 2022 crypto turmoil

FTX’s Alameda sues Grayscale over crypto trusts

Circle joins Crypto.com, Coinbase in cutting ties with embattled crypto bank Silvergate

Former executive Nishad Singh pleads guilty to criminal charges in FTX collapse

March 2023

DeFi Recovery Soon?

Lenders in the crypto sector are optimistic about DeFi’s recovery this year – but why is that?

FTX Donations Clawback

The new leadership at FTX are threatening charitable and political organizations with lawsuits if they don’t return donated funds. Will this benefit ordinary depositors?

Why the crypto sector needs radical transparency in the post-FTX world

Self-custody is cumbersome and carries risks of seed phrases getting lost, but how can we ensure if a third-party custodian can be trusted?

Lessons from FTX: crypto investment risks and how to avoid them

The recent spate of crypto exchanges freezing customer accounts should be a wake-up call to investors everywhere. What can you do to better protect yourself?

Bankrupt FTX threatens legal action to claw back donations to politicians, charities

The move marks a shift in tone from December when recipients of FTX donations were requested to “voluntarily” return the funds.

Bitcoin mining fund soars as BTC powers into 2023

Top blockchain and crypto news: BTC mining ETF outperforms. SBF under pressure as accusations mount. ‘China’s Instagram’ embraces NFTs.

FastForkast headlines

Former executive Nishad Singh pleads guilty to criminal charges in FTX collapse

FTX Japan resumes withdrawals through Liquid Japan web platform

Crypto hedge fund Galois Capital to close after losing US$40 mln in FTX

Former FTX executive Nishad Singh negotiating guilty plea on fraud charges: Bloomberg

Judge says Bankman-Fried could ‘conceivably’ have bail revoked: CNN

Sam Bankman-Fried banned from using VPNs while on bail: Bloomberg

Robinhood aims to buy-back its shares seized by Department of Justice in FTX failure

Alameda wallets activate, transfer millions in FTT tokens 

Binance suspends international U.S. dollar transfers, CEO indicates issues with banks

Silvergate probed by US prosecutors over FTX, Alameda accounts: Bloomberg

Bankrupt FTX held US$1.4B in cash at the end of 2022

February 2023

Crypto’s Biggest Concern

There’s always the possibility of a bigger scam or a bigger hack this year than the ones we saw in 2022. So what can the crypto industry do to survive 2023?

What we must learn from FTX so that history does not repeat itself

Tighter regulations are necessary but not enough. The industry also needs to address its issues with custody and transparency, writes Chen Zhuling of RockX.

A crypto regulatory storm front is coming in 2023. Are we ready for it?

Laws to prevent another FTX blowup, crackdowns on crypto tax cheats, and a ruling on Ripple are likely imminent. A bull’s eye is also on DeFi, writes Gergo Varga of SEON.

Will Genesis meet its maker amid creditors closing in?

Top blockchain and crypto news: Genesis bankruptcy begins. FTX chief ponders a reboot. China’s CBDC gets a smart-contract upgrade.

2023 Should be the Year of Web3 Security

Despite 2022’s turbulent impact on the crypto industry, Immunefi CEO Mitchell Amador believes this year could encourage better Web3 security.

Why is it harder to arrest Terra-Luna founder Do Kwon than FTX’s Sam Bankman-Fried?

South Korea’s attempts to extradite the founder of the collapsed Terra-Luna stablecoin will remain hamstrung while the courts in Seoul dispute the charges against him.

Bankrupt FTX exchange has recovered US$5 bln worth of ‘liquid’ assets, lawyers say

The names of the crypto exchange’s 9 million customers and creditors will remain sealed from the public for at least three months.

Digital Currency Group in spotlight over suspicious fund transfers

Top blockchain and crypto news: DCG under investigation. Lido DAO surges as Ethereum’s Shanghai upgrade looms. Hong Kong burnishes crypto credentials.

Alameda Research transfers spark suspicions as SBF denies involvement

Top blockchain and crypto news: Where is Alameda Research’s money going? US tax loophole may give crypto investors a break. China’s blockchain momentum builds.

How crypto custodians can help centralized exchanges win back public trust

In the post-FTX world, crypto exchanges must offer stronger protection for investors’ assets, writes Colin Brooks, chairman of the advisory board of Hex Trust.

FastForkast headlines

Bankrupt FTX held US$1.4B in cash at the end of 2022

Sam Bankman-Fried’s family members are not cooperating with FTX attorneys, court documents claim

Apple, New York Times, Hong Kong Government listed among FTX creditors

Bankrupt BlockFi’s financials show US$1.2 bln exposure to FTX, Alameda: report

Genesis’s trading arm moving funds on blockchain, bankrupt units reveal extent of liabilities

FTX chief John Ray mulls resurrection of collapsed crypto exchange

Digital Currency Group’s crypto brokerage Genesis Global Capital files for bankruptcy

Former FTX U.S. CEO Sam Bankman-Fried rejects liquidators’ claim of recovered assets

FTX says US$415 mln in crypto hacked since bankruptcy filing

Monex Group expresses interest in bidding in upcoming sale of FTX Japan: Bloomberg

Alameda liquidators get liquidated while consolidating funds on DeFi lending platform Aave

Crypto.com announces 20% cut in headcount, cites post-FTX market conditions

FTX loses Miami Heat stadium sponsorship

U.S. subpoenas hedge funds in Binance probe: report 

SEC objects to Binance’s US$1 bln deal to buy Voyager Digital’s assets

Animoca Brands slashes Web3 fund target to US$1B: Bloomberg

Silvergate cuts 40% of staff after facing US$8.1B in withdrawals amid FTX collapse

U.S. authorities to seize US$460 mln of Robinhood shares in FTX fraud case

Sam Bankman-Fried pleads not guilty to fraud charges in FTX exchange collapse

Bahamas regulator denies FTX CEO’s claims over seized assets

January 2023

Second set of transactions from Alameda wallets likely liquidators: Nansen

FTX liquidators may be behind the latest transactions from Alameda Research wallets, but someone else may have sent the first set of cryptocurrencies to decentralized exchanges.

A year to remember, a year to forget: Crypto highs and lows of 2022

From Terra and FTX crises to Ethereum’s triumphant Merge and China’s inventive NFT industry, Forkast reviews a rollercoaster year and its consequences.

Biggest blockchain trends for 2023 and beyond

After a year of new all-time highs for major cryptocurrencies in 2021, 2022 was a challenging year for Web3. Industry experts tell Forkast what crypto has in store for 2023 and beyond.

Will FTX’s collapse decentralize the industry? 

While the collapse of FTX may invite more scrutiny for centralized exchanges, Binance’s Patrick Hillmann believes it could benefit the industry through more decentralization.

No change in community banks’ view of crypto after FTX’s collapse, says ICBA’s Brian Laverdure

ICBA vice-president Brian Laverdure believes that community banks are unfazed by FTX’s collapse, but remain split on cryptocurrencies.

Time for reflection: How will FTX’s implosion impact crypto regulation?

This year’s cascade of crypto collapses should be a wake-up call to regulators, says the Independent Community Bankers of America’s Brian Laverdure.

The last 12 months the year to forget, says India’s WazirX crypto exchange  

A lot of the troubles for India exchanges in 2022 will run into next year as they shed staff and run down reserves to stay afloat, and not all are expected to make it.

Sam Bankman-Fried home for Christmas after making US$250 million bail in U.S.

Bankman-Fried won an upgrade from his Bahamas prison cell after posting bail following his extradition to the U.S. on Wednesday, where he faces charges for what prosecutors called “fraud of epic proportions.”

U.S. authorities say two FTX, Alameda executives have pleaded guilty to fraud

Caroline Ellison and Gary Wang, two integral members of the Sam Bankman-Fried now collapsed cryptocurrency businesses, are cooperating with prosecutors.

Regulation shaping up?

A year of scandals in the crypto industry has led to questions about the viability of regulation.

US bill set to demand know-your-customer from crypto companies

Top blockchain and crypto news: US senators push for crypto KYC. SBF faces the music in US courts. Alibaba Cloud to launch blockchain node.

FastForkast headlines

Bahamas regulator denies FTX CEO’s claims over seized assets

Bahamas regulators hold US$3.5 bln of FTX assets, to be delivered to customers, creditors

Sam Bankman-Fried used Alameda Research money to buy Robinhood shares

Crypto addresses linked to Alameda Research have moved over US$100,000

FTX customers file lawsuit for priority repayment

Kraken to shut Japan operations

Sam Bankman-Fried, FTX misled investors, lent billions to Alameda, Caroline Ellison says

FTX asks court to keep US$450 mln Robinhood shares frozen

FTX says it has over US$1B in cash assets