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SBF is Now Facing 13 Charges. The Newest One Involves a Bribe

BREAKING: SBF ‘bribed Chinese officials
Sam Bankman-Fried, founder of FTX, has been charged with 13 counts of illegal activities, including bribery of Chinese officials with $40 million to unfreeze accounts holding $1 billion in crypto.

CZ answer to CFTC lawsuit

The Commodity Futures Trading Commission has filed a civil complaint against Binance alleging that it broke U.S. derivatives rules and should have been registered with the agency years ago. Binance CEO, Changpeng Zhao, denied the allegations and said that Binance’s compliance program is the first global, non-U.S. exchange to implement a mandatory KYC program.

Do Kwon held in medical quarantine
Do Kwon, co-founder of Terra, is in medical quarantine following his arrest in Montenegro. Officials suspect that he may have coronavirus. Kwon’s arrest happened ten months after the unexpected collapse of LUNA and UST, which wiped out $40 billion from the crypto markets.

Bitcoin thief wants no prison time

James Zhong, who stole over 50,000 BTC from Silk Road, asked to be spared from prison. He claimed that the crime didn’t have any victims and cited his autistic condition and difficult childhood in his plea.

MicroStrategy buys more Bitcoin

MicroStrategy, a publicly-listed company, has bought 6,455 BTC for $150 million, at an average price of $23,238 per coin. The company now owns 138,955 BTC, which has already earned them a paper profit of $24.2 million at the current price of $27,000.

U.K. ditches plan to launch NFT

The U.K. has abandoned its plan to launch a non-fungible token (NFT). The Royal Mint was set to release a crypto collectible by the summer of 2022, but the idea has been scrapped due to months of delays and the current state of the crypto market, which has negatively affected its image.

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