Sam Bankman-Fried is picking a fight with the new CEO of FTX, the crypto exchange he co-founded.

XRP News: The global cryptocurrency industry is still struggling to recover from the recent Sam Bankman-Fried’s (SBF) FTX collapse. Industry experts have alleged the US SEC and its chair, Gary Gensler for taking irregular steps to protect the market. However, the XRP holders’ lawyer has suggested that there could be more pain ahead for the crypto market.

On Dec. 4, Vitalik Buterin responded to a question from a popular community member who said they had grown tired of the scammers and fraudsters in crypto after nine years.

A wallet holding a lump of Terra Classic tokens on the already bankrupted FTX exchange has just been discovered, giving a number of community members a reason to believe that LUNC circulating supply is about to see a massive reduction.

Sam Bankman-Fried, founder and former CEO of FTX, stated to the Wall Street Journal in an interview posted on Saturday evening that he “can only speculate” about what occurred in the past to billions of dollars after FTX customers transferred them to its sibling trading firm Alameda Research.

Sam Bankman-Fried, the former Chief Executive Officer (CEO) of now-bankrupt cryptocurrency firm FTX has recently made some intriguing revelations.

The host of Mad Money, Jim Cramer, says former FTX CEO Sam Bankman-Fried (SBF) is a pathological liar and a conman. “That guy is a clueless idiot. Intent means nothing. Saying sorry means nothing,” Cramer stressed.

US authorities are asking crypto investors and trading firms that worked closely with FTX to hand over information on the company and its key figures, including founder Sam Bankman-Fried and the former head of his Alameda Research investment arm, Caroline Ellison.

On Saturday (3 December 2022), Coinbase Co-Founder and CEO commented on the interview that Sam Bankerman-Fried (aka “SBF”), the disgraced co-founder of Alameda Research and co-founder and former CEO of bankrupt crypto exchange FTX, gave to Bloomberg recently at $30 million his Bahamian penthouse apartment.

NASSAU, Bahamas—FTX founder&nbsp;Sam Bankman-Fried&nbsp;said he couldn’t explain what happened to billions of dollars that customers of his<a href="https://www.wsj.com/articles/doj-watchdog-calls-for-independent-ftx-probe-in-bankruptcy-11669940711?page=1&amp;mod=article_inline" target="_blank">&nbsp;failed cryptocurrency exchange</a>&nbsp;sent to the&nbsp;<a href="https://www.wsj.com/articles/ftx-tapped-into-customer-accounts-to-fund-risky-bets-setting-up-its-downfall-11668093732?mod=article_inline" target="_blank">bank accounts of his trading firm</a>, Alameda Research.

Brian Armstrong (<a href="https://twitter.com/brian_armstrong/status/1599159873232842758">@brian_armstrong</a>) Co-founder &amp; CEO at <a href="https://twitter.com/Coinbase">@Coinbase</a>&nbsp;on Twitter:"&nbsp; I don't care how messy your accounting is (or how rich you are) - you're definitely going to notice if you find an extra $8B to spend. Even the most gullible person should not believe Sam's claim that this was an accounting error. It's stolen customer money used in his hedge fund, plain and simple."

Congresswoman Maxine Waters has been heavily criticized for saying that she appreciates former FTX CEO Sam Bankman-Fried (SBF) being candid in his discussions about the collapse of his crypto exchange, FTX. “SBF has not, in fact, been candid in his discussions. He committed fraud, full stop,” one critic stressed.

SBF’s trading company Alameda Research was provided with oversized borrowing limits compared to other FTX clients.

According to <a href="https://morningconsult.com/2022/11/22/what-consumers-think-about-the-future-of-bitcoin/">survey results</a> published by Morning Consult in the wake of FTX’s bankruptcy, US adults are expecting Bitcoin’s price to fall to $11,500 within the next six months. The price prediction represents a drop of close to $5,600 in expected price from just one month ago, and more than $15,500 from price predictions made at the beginning of 2022.&nbsp;

“Crypto generally thrives when exchanges are NOT a focal point. The most impactful exchange collapse ever will have lasting shockwaves. But as shown, the key for a turnaround will likely be focus moving away from exchange tokens, and back to Bitcoin,” Santiment analysis said.&nbsp;

Trading firm Alameda Research was given outsized borrowing limits compared with other clients of FTX.&nbsp;

Tesla founder,Elon Musk claims that SBF has contributed more than $1 billion to Democratic elections. He wonders why SBF is withholding the precise figures and, if the sum is accurate, where the remaining funds went.

Gemini Genesis News: Crypto exchange Gemini appears to be the latest victim of the contagion from FTX collapse, followed by adverse effects for BlockFi, Genesis and the Digital Currency Group (DCG). Earlier, crypto lender BlockFi officially filed for chapter 11 bankruptcy owing to the market effects caused by the FTX meltdown. While it remains to be seen as to how many more companies would fall victim to the FTX downfall, it is important to safeguard the interest of Gemini customers. According to latest reports, the crypto exchange is owed to the tune of nearly $1 billion by Genesis trading.

LUNC may be at risk of a dump as users discover 154B LUNC on an FTX-owned wallet.

In a recent Bloomberg interview, Sam Bankman-Fried (SBF), FTX former CEO, revealed the whereabouts of the funds. SBF said he showed investors a separate balance sheet at an emergency bailout.