AirDAO is a Decentralized Autonomous Organization that manages the Ambrosus Blockchain (AMB-Net) and its suite of dApps.

Bankrupt cryptocurrency entities FTX, FTX.US, and Alameda Research have filed a lawsuit against former executives Sam Bankman-Fried (SBF), Nishad Singh, and Gary Wang for allegedly spending FTX Group’s assets on the acquisition of stock clearing firm Embed Financial Technologies. The lawsuit seeks to recover the funds spent during the acquisition and accuses the former management of inflating the valuation of Embed and purchasing the platform for more than it was worth. FTX CEO John Ray seeks to revoke Simple Agreements for Future Equity (SAFEs) issued by the bankrupt entity and recover the funds spent during the acquisition. The plaintiffs have also filed an adversary lawsuit against Embed's former equity holders, including Silicon Valley venture capital firms like Y Combinator, Bain Capital Ventures, and 9Yards.

FTX founder Sam Bankman-Fried is seeking to have most of the charges against him dismissed, arguing that some were based on a theory of fraud that centers around depriving a victim of economically-valuable information rather than tangible property. Bankman-Fried's lawyers have argued that a recent Supreme Court decision limiting the scope of fraud prosecutions will bolster his defense.

Solana's ($SOL) value reached an all-time high of $260 per token in November 2021, but the bull rally was short-lived as it collapsed to $8.14 due to the liquidation of the FTX exchange and Alameda Research. The token has since shown a recovering trajectory, currently trading slightly above $21 per token. However, crypto experts suggest that emerging crypto assets such as $ECOTERRA, $YPRED, and $LPX may pump faster before $SOL rebounds. Investors have the opportunity to purchase these tokens at discounted presale prices, which have promising market sentiment signs and are selling fast. Early investors seeking low-priced assets with phenomenal concepts and utility can potentially reap great rewards.

Congressman George Santos from Long Island has been arrested and charged with embezzling campaign funds, including $50,000 for personal expenses. Santos has ties to Sam Bankman-Fried, the founder of FTX, who is facing multiple indictments. Bankman-Fried's political influence campaign aimed to pass the Digital Commodities Consumer Protection Act (DCCPA), which would have benefitted FTX but was met with opposition from the crypto industry. Evidence suggests that Mind the Gap, a pre-FTX fundraising organization, may have helped identify candidates who received donations of stolen FTX customer funds.

According to Santiment, the amount of bitcoin held on digital asset exchanges has dropped below 6%, the lowest it has been since December 2017. This decrease in trust in centralized platforms has intensified after the bankruptcy of FTX, a leader in its field. Binance has also seen a rise in bitcoin outflows, indicating that many users prefer self-custody over a third-party custodian.

The author of a book on the FTX collapse is finding it difficult to concentrate on research due to the constant presence of CEO Sam Bankman-Fried. Despite trying to gather information on Alameda Research-backed companies, the author is overwhelmed by Bankman-Fried's voice and media appearances. Bankman-Fried's use of Twitter Spaces has become a popular way for him to communicate, but the author struggles to separate the noise from the actual story. The author questions whether making wealth from cryptocurrency to help others is harmful and reflects on the appeal of SBF's story, but also considers the possibility that SBF may not have been the hero people hoped for. Perhaps we don't need a hero to save the world.

Alameda Research, the trading unit associated with bankrupt crypto exchange FTX, has received millions of dollars worth of tokens from crypto exchange OKX. According to data from on-chain analytics tool Arkham Intelligence, Alameda received over $57 million of tether (USDT) and $300,000 in mask (MASK) tokens from OKX on Tuesday. The receiving wallets are controlled by the FTX Bankruptcy Estate, which was created to assist creditors of both FTX and Alameda following their collapse last year.

Sam Bankman-Fried, founder of FTX, has filed pretrial motions to dismiss a majority of the charges against him, including wire, securities and commodities fraud allegations, bribery claims, and unlicensed money transmitter operation. Bankman-Fried's attorneys argue that prosecutors did not "state an offense for failure to allege a valid property right" and that some of the laws he is being charged under do not apply to FTX due to it being based outside the U.S. Bankman-Fried's lead attorney previously hinted at the motions to dismiss during an arraignment, and Bankman-Fried pleaded "not guilty" to other charges brought across previous indictments. FTX collapsed last November, filing for bankruptcy alongside nearly 100 related firms and subsidiaries.

FTX founder Sam Bankman-Fried (SBF) is seeking to have up to 10 criminal charges against him dismissed in court, arguing that there has been a failure to state an offense. SBF's legal team has pushed to dismiss everything apart from three counts of conspiracy to commit commodities fraud, conspiracy to commit securities fraud, and conspiracy to commit money laundering.

Solana Labs founder Anatoly Yakovenko remains confident about the prospects of the Solana blockchain amid increasing competition from other emerging blockchain networks. 

Binance, FTX plans to restart Japanese exchange; PayPal subsidiary Venmo to introduce cryptocurrency transfers; Visa to develop Brazilian blockchain-powered CBDC project; step-by-step guide to asset tokenization.

The Japanese exchange will now introduce a "License & Restart Award" Key Employee Incentive Program (KEIP) to incentivize seven critical employees.

Bahamas Prime Minister Philip Davis reflected on the collapse of the FTX crypto exchange that had been headquartered in the Caribbean country. He said he wouldn't have done anything differently. 

SkyBridge Capital founder Anthony Scaramucci rejected the notion that Changpeng Zhao (CZ) – CEO of Binance – was responsible for the exchange’s failure, pinning the blame solely on former FTX boss Sam Banknman-Fried. 

SkyBridge Capital founder Anthony Scaramucci recounted the time he spent with former FTX CEO Sam Bankman-Fried in the Bahamas during the firm’s harrowing final days, on Thursday during Consensus 2023.

Bankrupt crypto exchange FTX has postponed the potential sale process of its Japanese subsidiary in order to explore reopening the exchange. FTX Japan holds two coveted licenses in Japan, including the Crypto-Asset Exchange Service Provider and Type I Financial Instruments Business Operator, which typically take two or more years to obtain.

Binance CEO Changpeng "CZ" Zhao has claimed that his net worth is way less than reported by Bloomberg's latest finance rich list, which estimates his wealth at $28.2 billion, ranking him in the top three finance billionaires worldwide. CZ took to Twitter to state that the numbers were all wrong and that he doesn't have anywhere near as much wealth as reported. He also denied that the collapsed FTX cryptocurrency exchange was ever viewed as a rival and welcomed more well-run exchanges in the space. The Binance CEO has been critical of mainstream media reporting on the industry, often characterizing their reports as fear, uncertainty, and doubt.

Jeremy Allaire – CEO of Circle Internet Financial Ltd. – argued that US investors could soon relocate due to the lack of proper regulations and the growing banking crisis.

SushiSwap to Propose Tokenomics Changes to Promote Uniswap v3 Adoption; Bahamas Calls for Tougher Regulation to Curb FTX-Like Situations; Circle Activates Protocol for Stablecoin Transfers Between Ethereum and Avalanche