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Despite Finding $5.5 Billion, FTX Warns of 'Substantial Shortfalls' and Clawbacks: In a bankruptcy court filing, FTX's restructuring team warned that both FTX.com and FTX US were very short of what it owes customers, and suggest big clawback battles may be coming.

👉Details: https://coinmarketcap.com/alexandria/article/despite-finding-5-5-billion-ftx-warns-of-substantial-shortfalls-and-clawbacks

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#cryptonews, Jan 18:

FTX's new management warns of shortfalls… 💸
…as Sam Bankman-Fried writes another blog post 😱
Scale of FTX's politician donations uncovered 👀
Central bank digital currencies divide opinion 👇
Apple 'ditches' plans to launch AR glasses ❌

👉Details: https://coinmarketcap.com/alexandria/article/coinmarketcap-news-jan-18-ftx-s-tainted-money-causes-big-headaches-in-congress

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Crypto Investor Gives Boris Johnson $1.2M — The UK's Biggest Political Donation Ever: The record-smashing donation to the former prime minister by Christopher Harborne followed a $610,000 donation to Conservatives shortly before a major pro-crypto policy shift.

👉Details: https://coinmarketcap.com/alexandria/article/crypto-investor-gives-boris-johnson-1-2m-the-u-k-s-biggest-political-donation-ever

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North Korean Hackers Move $63M Stolen From Horizon Bridge: The Lazarus Group is trying to move a large chunk of the $100 million stolen from the Harmony blockchain's cross-chain payments bridge in June.

👉Details: https://coinmarketcap.com/alexandria/article/north-korean-hackers-move-63m-stolen-from-horizon-bridge

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#cryptonews, Jan 17:

Much nerve! 3AC co-founders plan new business 😑
Ex-FTX US president gets investor for his startup 💰
Crypto investor donates $1.2m to Boris Johnson 😱
Solana surges 60% and shrugs off SBF 📈
Hacked Horizon Bridge funds are on the move 🚨

👉Details: https://coinmarketcap.com/alexandria/article/coinmarketcap-news-jan-17-three-arrows-capital-execs-face-backlash-over-comeback-plan

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Is Logan Paul's Three-Point Plan to Help CryptoZoo Investors Enough?: "Disappointed" gamers will be able to receive the 0.1 ETH minting fee back — but the value of Ether has plummeted substantially in recent months.

👉Details: https://coinmarketcap.com/alexandria/article/is-logan-paul-s-three-point-plan-to-help-cryptozoo-investors-enough

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Four Britons Jailed for Stealing Millions of Dollars Worth of Bitcoin from Exchange: A loophole meant cryptocurrencies that didn't belong to them could be stolen — and detectives later uncovered bundles of cash and gold bars, as well as luxury watches.

👉Details: https://coinmarketcap.com/alexandria/article/four-britons-jailed-for-stealing-millions-of-dollars-worth-of-bitcoin-from-exchange

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Bitcoin's Bear Market Could End in Next 30 Days — Here's Why: In an especially significant development, the Crypto Fear and Greed Index flashed a "neutral" score of 52 on Sunday — its highest score in over nine months.

👉Details: https://coinmarketcap.com/alexandria/article/bitcoin-s-bear-market-could-end-in-next-30-days-here-s-why

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Bitcoin-Backed 'Volcano Bonds' Will Hit the Market Soon, El Salvador Declares: They had been due to launch in March 2022 — but their rollout has been repeatedly delayed after BTC's value plummeted during a punishing bear market.

👉Details: https://coinmarketcap.com/alexandria/article/bitcoin-backed-volcano-bonds-will-hit-the-market-soon-el-salvador-declares

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Bitcoin Breaks $18,000 for First Time in a Month After Nine-Day Rally: Among crypto analysts, there is hope that maybe — just maybe — the crypto markets are turning a corner after a truly dismal year that was pockmarked by a slew of bankruptcies.

👉Details: https://coinmarketcap.com/alexandria/article/bitcoin-breaks-18-000-for-first-time-in-a-month-after-nine-day-rally

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Digital Pound Would Not Be Used for Surveillance on Britons, Minister Says: Economic Secretary to the Treasury Andrew Griffith sought to get ahead of privacy concerns about the government's ability to track individual spending if a digital pound is launched.

👉Details: https://coinmarketcap.com/alexandria/article/digital-pound-would-not-be-used-for-surveillance-on-britons-minister-says

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Another FTX Executive Tries to Cut Plea Deal with Federal Prosecutors: Nishad Singh is working on making a deal with federal prosecutors to testify against FTX and Alameda Research founder Sam Bankman-Fried.

👉Details: https://coinmarketcap.com/alexandria/article/another-ftx-executive-tries-to-cut-plea-deal-with-federal-prosecutors

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Judge Rejects Andrew Tate's Request for 30 Days of Detention to End: The controversial influencer had appeared in court to challenge his arrest on charges of rape, human trafficking and organized crime.

👉Details: https://coinmarketcap.com/alexandria/article/judge-rejects-andrew-tate-s-request-for-30-days-of-detention-to-end

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Cameron Winklevoss Accuses DCG's Barry Silbert of Fraud, and Calls for Him to Step Down: Gemini's co-founder demanded Digital Currency Group's board fire CEO Barry Silbert and repay his customers $900 million. Silbert called the allegations "baseless and false."

👉Details: https://coinmarketcap.com/alexandria/article/cameron-winklevoss-accuses-dcg-s-barry-silbert-of-fraud-and-calls-for-him-to-step-down

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Bankrupt BlockFi Seeks to Explain $25M Executive Payments and Withdrawals: The crypto lending firm released a detailed timeline showing CEO Zac Prince's pulled millions out of the firm well before its financial troubles began.

👉Details: https://coinmarketcap.com/alexandria/article/bankrupt-blockfi-seeks-to-explain-25m-executive-payments-and-withdrawals

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Almost 200 Members of Congress Received Money From Sam Bankman-Fried or FTX Executives: Now they're all struggling to give it back or to charity, which could bring more ugliness if it is clawed back in bankruptcy.

👉Details: https://coinmarketcap.com/alexandria/article/almost-200-members-of-congress-received-money-from-sam-bankman-fried-or-ftx-executives

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Anthony Scaramucci Backs Ex-President of FTX US In New Crypto Venture: Harrison has not been accused of any wrongdoing in the $10 billion fraud that brought down Bankman-Fried's empire.

👉Details: https://coinmarketcap.com/alexandria/article/anthony-scaramucci-backs-ex-president-of-ftx-us-in-new-crypto-venture

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Solana Surges 60%, Overcoming SBF Connection and 2022's Outages: The Solana blockchain was one of the most successful "Ethereum killers" until its close connection to and support by Sam Bankman-Fried undercut trust.

👉Details: https://coinmarketcap.com/alexandria/article/solana-surges-60-overcoming-sbf-connection-and-2022-s-outages

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Much Nerve! 3AC Founders Who Bankrupted Crypto Lenders Raising $25M for Distressed Debt Exchange: Bankrupt Three Arrows Capital hedge fund founders Kyle Davies and Zhu Su want to start an exchange where their creditors can buy and sell bad debts — while giving the pair a cut.

👉Details: https://coinmarketcap.com/alexandria/article/much-nerve-3ac-founders-who-bankrupted-crypto-lenders-raising-25m-for-distressed-debt-exchange

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In Brutal Twitter Thread, Ex-FTX US President Reveals What It Was Like Working for SBF: Brett Harrison worked at the exchange's American arm for just 17 months — and announced he was stepping down in September 2022.

👉Details: https://coinmarketcap.com/alexandria/article/in-brutal-twitter-thread-ex-ftx-us-president-reveals-what-it-was-like-working-for-sbf

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'Violated': NFT God Loses 'Life-Changing' Sum of Crypto After Clicking on Malware Link: The influencer says hackers also infiltrated into his Substack and started emailing his 16,000 subscribers, adding: "Trust I've worked over a year to build was gone."

👉Details: https://coinmarketcap.com/alexandria/article/violated-nft-god-loses-life-changing-sum-of-crypto-after-clicking-on-malware-link

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SBF's Substack Post is 'Nightmarish' for His Lawyers, Experts Claim: In addition to tens of thousands of documents, prosecutors can rely on extensive quotes that SBF gave to the likes of The New York Times, Good Morning America and the BBC.

👉Details: https://coinmarketcap.com/alexandria/article/sbf-s-substack-post-is-nightmarish-for-his-lawyers-experts-claim

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#cryptonews, Jan 16:

Ex-FTX US boss attacks Sam Bankman-Fried 😱
SBF's Substack is 'nightmarish,' experts warn 😬
Will BTC's bear market soon be over? 📈
Britons jailed for stealing crypto worth millions 💰
NFT God loses all of his crypto in devastating hack 😑

👉Details: https://coinmarketcap.com/alexandria/article/coinmarketcap-news-jan-16-revealed-why-brett-harrison-really-left-ftx-us

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Identities of FTX Users Will Be Kept Secret for Now — and FTX Arena is Getting Renamed: During the dizzying heights of the bull market, Sam Bankman-Fried had signed a 19-year deal for naming rights to the FTX Arena that was worth a staggering $135 million.

👉Details: https://coinmarketcap.com/alexandria/article/identities-of-ftx-users-will-be-kept-secret-for-now-and-ftx-arena-is-getting-renamed

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#cryptonews, Jan 12:

Bitcoin cracks $18,000 after nine-day rally 📈
New FTX management recovers $5 billion 💰
Identity of FTX users to remain secret… 🤐
…as FTX Arena is killed off for good ❌
'Volcano Bonds' could hit market soon 🌋

👉Details: https://coinmarketcap.com/alexandria/article/coinmarketcap-news-jan-12-will-today-s-inflation-figures-give-bitcoin-another-boost

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Man Jailed for 10 Months in 'First-Ever' Crypto Insider Trading Case: Justice Department scores a win in 'first-ever" crypto insider trading case, which the SEC is using as a test case to classify cryptocurrencies as securities.

👉Details: https://coinmarketcap.com/alexandria/article/man-jailed-for-10-months-in-first-ever-crypto-insider-trading-case

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Coinbase Cuts Another 950 Jobs as Crypto 'Contagion' Grows: Brian Armstrong said the crypto exchange remains strong and well-funded — but this is the second brutal round of job cuts he's made in the bear market so far.

👉Details: https://coinmarketcap.com/alexandria/article/coinbase-cuts-another-950-jobs-as-crypto-contagion-grows

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Revealed: The Value of Assets Recovered By FTX's New Management: Beyond this, a further treasure trove of tokens has been discovered — but an attorney representing the company warned these altcoins are illiquid.

👉Details: https://coinmarketcap.com/alexandria/article/revealed-the-value-of-assets-recovered-by-ftx-s-new-management

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#cryptonews, Jan 11:

Coinbase slashes another 950 jobs ❌
FTX exec tries to cut plea deal with Feds 👀
Man jailed for crypto insider trading 🚨
Andrew Tate to remain behind bars for now 👀
Winklevoss calls for DCG's CEO to step down 😱
Digital pound 'wouldn't be used for surveillance' 🇬🇧

👉Details: https://coinmarketcap.com/alexandria/article/coinmarketcap-news-jan-11-cuts-courts-and-calls-to-resign-another-gloomy-day-in-crypto

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Third Member of SBF's Inner Circle Investigated By Federal Prosecutors: Singh was identified by whistleblower Ryan Salame, co-CEO of FTX Digital Markets as one of three people who could have allowed the theft of the exchange customers' funds.

👉Details: https://coinmarketcap.com/alexandria/article/third-member-of-sbf-s-inner-circle-investigated-by-federal-prosecutors

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