The biggest news in the Cryptoverse on December 22nd was that SBF landed in the US and was granted bail under house arrest, Caroline Ellison took a plea bargain to avoid jail, Tornado Cash is dominated by FTX news, including the possibility that the is back. every day.
CryptoSlate Top Stories
SBF grants record-breaking $250 million pretrial bail, released to family home in Palo Alto
The dramatic story of Sam Bankman Freed lands on U.S. soil today, standing before a magistrate in the Southern District of New York and being indicted on eight counts of financial crimes.
At the final stage of the hearing, the SBF “has secured a bond of $250 million signed by defendant, his parents, and non-family members by his parents’ house in Palo Alto where he will live.” was recognized. According to Assistant Federal Attorney Nick Ruth, the bond is “the largest pretrial bond ever.”
A judge granted bail on the condition that he surrender his passport and be placed under house arrest with the help of a GPS tracker.
Tornado Cash developer seeks $240,000 salary to revive protocol
U.S. Office of Foreign Assets Control (OFAC) Licensed Tornado Cash in August accused of facilitating the laundering of over $7 billion in cryptocurrency.
based on suggestion, Developer responsibilities range from maintaining the Tornado website, moderating community activity, further developing the protocol, and providing educational resources to Tornado Cash users.
The governance voting process for Gozzy’s proposals is as follows: schedule Starting December 24th for all surviving TORN token holders.
Alameda CEO Caroline Ellison Takes Plea Deal, No Criminal Charges
Alameda Research CEO Caroline Ellison will not face criminal charges for her involvement in the FTX debacle. Ellison’s plea bargain agreement with a New York court was unsealed on her Dec. 22, showing that she would only face fines and forfeiture of her assets if she pleaded guilty. .
According to the agreement, if Ellison continues to cooperate with the Southern District of New York investigation into FTX and Alameda, she will not be prosecuted. You must confiscate any money or assets you get from the stolen money.
SEC Filing Declares FTT Securities In FTX Case Development
The U.S. Securities and Exchange Commission said in a filing to Caroline Ellison and Gary Wang that FTX’s Exchange Tokens (FTTs) are considered securities given that they were sold as investment contracts.
According to the Howey test used by the SEC to classify security tokens, a transaction is considered an investment if there is an “investment of money in a general enterprise with a reasonable expectation of profit from the efforts of others.” considered a contract. “
At the time of writing, the FTT token is trading below $0.80, down more than 98% from its September 9, 2022 high of $85.
Study: US Leads Weak Bitcoin and Ethereum Accumulations into Celebration Time
Bitcoin accumulation has softened significantly, but as 2022 draws to a close, the US is buying more BTC than any other region. CrytoSlate Analysis of Glassnode data.
A similar pattern of accumulation and distribution was seen on Ethereum.
Asia continued to buy in September and November. However, there has been no regional accumulation since mid-November.
Heading into Christmas, the US is building up again, albeit at a weaker level.
Demand for cryptocurrencies has slowed significantly heading into the new year amid lingering macroeconomic uncertainty.
Biggest Gainers (24 hours)
- Credit Coin (CTC) +22.9%
- FTX Token (FTT) +18.88%
- BMXC (MXC) +16.59%
Biggest Loser (24h)
- Helium (HNT) -11.93%
- Toncoin (TON) -6.91%
- Luxo (LYXe) -6.42%