PeckShield monitoring shows that in the past 8 hours, FTX's cold wallet address has transferred 463,000 SOL coins (about $18.66 million) to a new address. Currently, the cold wallet address still holds 2.2534 million SOL coins (about $93.6 million).

Spot On Chain monitoring shows that FTX has deposited 1.21 million SOL (worth $48.6 million) and 1,583 ETH (worth $3 million) into Binance and Kraken in the past 20 hours. Since October 24th (13 days ago), FTX and Alameda have transferred a total of 31 tokens worth $310 million to exchanges.

Legal experts predict that Sam Bankman-Fried, the founder of FTX crypto exchange, may face a prison sentence of around 25 years for his involvement in wire fraud, conspiracy to commit wire fraud, and conspiracy to commit money laundering. Bankman-Fried faces a maximum of 115 years in prison, but former federal prosecutor Renato Mariotti believes that Judge Lewis Kaplan will not be lenient when imposing the sentence. Mariotti cited Bankman-Fried's immense fraud, defiant behavior during the trial, and lying on the witness stand as reasons for a lengthy sentence. Kaplan previously revoked Bankman-Fried's $250 million bail for contacting potential witnesses against him.

Proof Group, a Silicon Valley investment firm that was part of the consortium that successfully bid for bankrupt cryptocurrency lender Celsius, is among the shortlist of three potential bidders to relaunch FTX, one of the largest crypto exchanges that collapsed almost a year ago. Other options being considered include selling the entire exchange and its customer list or bringing in a partner. A decision is expected to be made by mid-December. However, restarting FTX is not a straightforward process and there are various aspects of claims, token lockups, and compliance issues that need to be addressed.

According to court documents, FTX and its debtors have requested approval from the Delaware bankruptcy court to sell a portion of their trust assets, namely Grayscale and Bitwise funds, with an estimated value of $744 million through an investment advisor. 

According to Pai Shield monitoring, the address marked as "FTX Cold Storage #2" has transferred about 750,000 SOL (approximately 31 million US dollars) to the address starting with 4Axqyo and to Binance.

According to Bloomberg reports, court records show that FTX advisors have been providing information about customer accounts and transaction records to federal law enforcement agencies across the United States.

Peter Schiff, the Chief Economist and Global Strategist of Euro Pacific Capital, accused CNBC of biased reporting, which helped to promote the FTX scam by Sam Bankman-Fried. He believes that the media is responsible for the losses suffered by investors. Schiff criticized CNBC for treating SBF as a "god" and not scrutinizing FTX's operations. He believes that CNBC should be responsible for the losses suffered by FTX customers due to its biased promotion. In addition, Schiff claimed that regulatory agencies and politicians were also involved in this scam. Without the help of politicians who allegedly accepted his bribes, SBF would never have been able to escape his scam. Schiff said that the "incompetence of regulatory agencies proves that the free market can do better".

Michael Saylor, the CEO of Microstrategy, said that the failure of Sam Bankman-Fried and FTX is "an inevitable part of the industry" and this will lead to a more stable Bitcoin-based ecosystem.

FTX advisors have been providing client account information and records related to FTX transactions to federal law enforcement agencies across the United States. According to billing records from consulting firm Alvarez &amp; Marsal, FTX advisors collected FTX customer data based on subpoenas from at least five FBI field offices. Tasks included extracting information on specific customer transactions, investigating accounts, and screening cloud computing data. However, court documents do not detail the scope of FTX customer information or transaction data transferred to federal agents. <br>

FTX's debt repayment rate is expected to increase to 57%, higher than September's 37% and January 2023's 15%. According to FTX debtors, creditors may receive compensation by mid-2024. (Coin Edition)

According to Pai Shield monitoring, 4 hours ago, the address marked as "FTX Cold Storage #2" transferred 300,000 SOL (approximately $11.48 million) to the address starting with 4Axqyo. The "FTX Cold Storage #2" address currently still holds 971.16 SOL (approximately $37,923.79).

Lookonchain analyzed 8 FTX/Alameda addresses that recently sold assets. These addresses currently hold approximately $619 million in cryptocurrency assets, including: 49,745 ETH ($89 million), 69.7 million FTT ($85.6 million), 25 million WLD ($43.5 million), 694 WBTC ($2.4 million), 12,950 WETH ($23 million), and 16.9 million TOMOE ($22 million).

On November 3rd, Lookonchain monitoring shows that in the past 24 hours, FTX has sold a total of 1.1 million SOL coins (worth 42.35 million US dollars) and 7,183 ETH coins (worth 12.9 million US dollars). As of November 3rd, FTX has transferred approximately 221.7 million US dollars worth of cryptocurrency.

On November 3, as monitored by PeckShield, FTX's cold wallet address transferred approximately 550,000 SOL tokens (worth approximately $22 million) to Binance and Wintermute, and received approximately 326.64 SOL tokens (worth approximately $13,000) from Bitfinex today.

Sam Bankman-Fried has been found guilty of the collapse of FTX. After 15 days of testimony and about four and a half hours of deliberation, the jury made a verdict, finding him guilty of seven counts of fraud and conspiracy.

On Thursday afternoon Eastern Time, the jury began deliberating on seven charges of fraud and conspiracy against Sam Bankman-Fried (SBF), related to his tenure as head of FTX and its sister trading company Alameda Research. The jury can reach a verdict anytime before 8:30 PM in New York today (8:30 AM on Friday in Beijing), and all twelve jurors must reach a unanimous decision on each of the seven charges to make a verdict. If they cannot reach a consensus today, the court will adjourn until next Monday to continue the deliberation. If all charges are proven, SBF could face up to 115 years in prison, with prosecutors calling it "one of the largest financial fraud cases in American history."

According to PeckShield's monitoring, an address marked as FTX has once again transferred approximately $1 million worth of COMP and YFI to Coinbase Prime.

According to data monitored by Spot On Chain, Jinse Finance reported that FTX/Alameda transferred 9 assets worth $46 million to Kraken, Binance, and Coinbase in the past 7 hours. 500,000 SOL coins ($21.6 million); 14 million MATIC coins ($9.3 million); 2,784 ETH coins ($5.15 million); 810,000 MASK coins ($2.51 million); 2.1 million SUSHI coins ($2.37 million); 7.67 million BAT coins ($1.64 million); 71.6 million GALA coins ($1.4 million); 650,000 LDO coins ($1.22 million); 4.47 million C98 coins ($842,000); Since October 26, FTX/Alameda has transferred about 30 assets worth about $170 million.

SBF's attorney Mark S. Cohen completed his closing argument in court on Wednesday evening local time, requesting the court and jury to find that SBF acted in "good faith" throughout its operation of FTX and Alameda Research, and therefore cannot be found guilty of fraud. In his closing argument, the attorney stated that it was "real-world miscommunications," "mistakes," and "delays" that harmed other members of FTX and Bankman-Fried's crypto empire, not intentional fraud.<br>