A modification was made to FTX founder Sam Bankman-Fried’s bond agreement on Tuesday, prohibiting him from accessing or transferring funds related to FTX or Alameda Research as a new condition of his bail.

White House records recently made public have revealed that disgraced FTX founder Sam Bankman-Fried met with senior Biden administration officials in the White House on four occasions over the course of 2022, including a just-disclosed visit on September 9. 

Sam Bankman-Fried, the founder of FTX, pleaded not guilty to the eight charges filed against him at his hearing at the New York US District Court on Jan. 3.

In a letter dated Jan. 3 filed to Judge Lewis Kaplan for the United States District Court in the Southern District of New York, Mark Cohen of the law firm Cohen & Gresser said former FTX CEO’s parents, Barbara Fried and Joseph Bankman are under harassment.

The washout of crypto exchange FTX hasn't kept the Solana network from attracting users and developers, according to Austin Federa, head of strategy and communications at the Solana Foundation.

In a letter dated Jan. 3, SBF’s lawyers asked federal judge Lewis Kaplan to redact the names and identifying information of the two individuals who will co-sign SBF’s bail bond. The lawyers also requested that the personal data of the individuals who will provide bail sureties not be publicly disclosed by the government.

On Tuesday, Sam Bankman-Fried made his initial appearance in a federal court in Manhattan. Before U.S. District Judge Lewis Kaplan, SBF pleaded not guilty to each of the criminal charges that he is currently being held accountable for.

The Bahamas will have legal representation in the unfolding FTX case. The Caribbean nation chose Brown Rudnick as counsel “in certain matters of engagement related to the collapse of FTX Digital Markets Ltd.,” alongside Bahamian lawyers and other experts, according to a statement released by the law firm. 

FTX founder Sam Bankman-Fried pleaded “not guilty” to eight charges in federal court, including wire fraud and campaign finance allegations.

Lawyers for Sam Bankman-Fried asked a court to redact the names and identifying information of the two co-signers, in addition to his parents, for the former FTX CEO's $250 million bail, court filings from Tuesday show.

As liquidity issues surround the Digital Currency Group (DCG), Three Arrows Capital (3AC) founder Su Zhu made a Twitter thread containing allegations against DCG and FTX. However, the founder immediately got called out by the crypto community for blaming others and not taking accountability. 

Su Zhu, a co-founder of the bankrupt fallen hedge fund Three Arrows Capital, launched a tirade on Twitter over the Terra collapse. Zhu blamed the Digital Currency Group and FTX for working together to attack Terra’s LUNA token and stETH. The latter incident cascaded into 3AC becoming insolvent.

FTX’s infamous founder is currently out on bail, but there have been numerous questionable transactions of cryptocurrency from wallets associated with him or his exchange and its sister company, Alameda.

Last year witnessed some of the most dramatic collapses in the history of crypto. It all started with the first collapse of Terra’s (LUNA) ecosystem in May 2022 which eroded $40 billion of investors’ wealth in a week’s time.

New reports into Sam Bankman-Fried and his collapsed exchanges revealed that Alameda Research, the now-bankrupt crypto trading firm, almost collapsed in 2018, even before FTX was in the picture.

Looking at what happened at FTX through the prism of his ideas about risk makes you wonder whether he viewed the possibility of FTX collapsing and him being arrested for fraud as just another risk he was willing to take in pursuit of this huge upside he was chasing.

After the demise of his FTX crypto empire in November, Sam Bankman-Fried portrayed himself as a hapless but well-intentioned chief executive who made a series of calamitous mistakes, but never knowingly committed fraud.

Mark Moss, the CEO of Market Disruptor, believes that the recent FTX collapse has accelerated regulation, and he thinks that most cryptocurrency assets will be regulated as securities in the future. 

FTX debtors and Bahamas lay different claims; MicroStrategy sells off Bitcoin for the first time then buys more; Italy approves 26% crypto gains tax; Turkey’s central bank runs first CBDC pilot; the status of proof of reserve as of year-end 2022.

We should see that every market collapse presents an opportunity to foster integrity, transparency, and accountability in crypto market. And we believe this will be the case for crypto in 2023.