SBF To Return to U.S. Immediately in Hopes of Securing Bail
FTX founder Sam Bankman-Fried should be handed over to US authorities today, Dec. 21, as reports surfaced that he has agreed to the extradition. According to an affidavit, the former CEO of FTX consented to be extradited partly in the interest of making his customers whole.
QuadrigaCX Trustee Ernst and Young Says it Did Not Initiate the Transfer of 104 BTC
Ernst and Young Inc. has confirmed that it is aware of the unauthorised transfer of 104 BTC from cold wallets belonging to QuadrigaCX and that it did not initiate the move.
Media Organizations To Return Grants By SBF
After the charges were filed by the justice department, the media companies that received money from the former FTX CEO, SBF, or his foundations, are freezing the cash.
Silvergate Reviewing FTX-Alameda Transactions
Silvergate Capital Corp. is reviewing transactions between Sam Bankman-Fried’s crypto exchange FTX and his investment firm Alameda Research, the bank told three U.S. senators.
Learning from the Pain：What CEX Can Do to Prove Innocence and Improve the Security of Funds
The trust of users on CEXs has so worn out that withdrawals are made at an unprecedented level. In order to retain users and funds, CEXs released proof of reserve to prove innocence.
League of Legends’ Developer Wants to Cut All Ties With FTX (Report)
Riot Games – an American company famous for developing the video game League of Legends – reportedly filed a motion to end its collaboration with FTX.
Democrats’ Senate Majority PAC Plans to Return $3 Million in Donations from Disgraced Former FTX Executives
The pro-Democratic Senate Majority PAC plans to return $3 million in donations from former FTX CEO Sam Bankman-Fried and the crypto exchange’s ex-head of engineering, Nishad Singh, the group said Tuesday. The super PAC, which spent more than $160 million supporting Democratic bids for Senate seats, received $2 million from Singh and $1 million from Bankman-Fried during the 2022 election cycle, according to Federal Election Commission records. (CNBC)
Sam Bankman-Fried May Be Back in the U.S. on Wednesday
As reported by NBC News, Bankman-Fried signed the paperwork necessary for his extradition to the U.S. to take place. A Tuesday report from ABC News corroborated the development, adding that the disgraced crypto executive failed to appear in court as expected that day after a "confusing" appearance on Monday was deemed "a waste of time." (Decrypt)
US Lawmaker Suggests ‘Maybe’ Crypto Should Be Banned Citing Bigger Issues Than FTX
U.S. Senator Sherrod Brown (D-Ohio), the chairman of the Senate Banking, Housing, and Urban Affairs Committee, talked about cryptocurrency in an interview with NBC Sunday.
Silvergate Account Was at the Center of FTX’s Collapse, Senators Say
An account with Silvergate Capital may have played a key role in FTX’s collapse this November, according to a Dec. 20 report from the Wall Street Journal.
