The most important events around Bitcoin, Ethereum, and Co. at a glance.
It’s been a week characterized by volatile and controversial events, from the SBF case to the imminent collapse of Binance, going up to Elon Musk’s statements regarding his recent acquisition, Twitter. Let’s look at each piece of information in detail.
FTX: Sam Bankman-Fried Extradited to the United States
After a very brief, and seemingly uncomfortable, stint in a notorious prison in the Bahamas, FTX founder Sam Bankman-Fried has been extradited to the United States. The alleged cryptocurrency scammer now faces up to 115 years in prison.
Twitter: Musk Wants to Quit, Who Will Be CEO?
It’s a harrowing back and forth. After the Twitter takeover, which Elon Musk probably only pulled off in the end to avoid huge fines, the Tesla boss apparently got fed up with the social network CEO’s post: He wants to quit. The Twitter community sees it that way, too, suggesting that he should go away, using a poll started by Musk himself.
Binance Under Fire: Is the Next Super Crash Imminent?
US prosecutors are considering charging Binance with alleged money laundering and sanctions violations. While the parent company claims the US subsidiary is a completely separate entity, reports suggest this is a front. Binance CEO Changpeng “CZ” Zhao recently claimed that there would never be a payment issue, which appears to be false. The experience of the FTX cryptocurrency exchange raises uncertainty among investors and the question of whether to withdraw the coins from the exchange.
Core Scientific: The Biggest Bitcoin Miner Goes Bankrupt
The world’s largest bitcoin miner, publicly-traded company Core Scientific, has filed for bankruptcy. In recent days, reports of a possible bankruptcy of the company have been accumulating. After investment bank B Riley Core Scientific promised an emergency loan of US$72 million, the value of the company’s own shares (CORZ) doubled for a brief period, but then collapsed again.
Bitmex Defendant: Alexander Höptner Unpacks
Alexander Höptner, the former CEO of cryptocurrency exchange Bitmex, is suing his former employer. This was communicated by the legal team to BTC-ECHO upon request. The process is being negotiated in Singapore. The court has already confirmed receipt of the complaint.
Höptner tells BTC-ECHO that “I always had the impression that no matter how successful we were, the founders always saw my team and I as caretakers who had to run the company until the founders found a way to come back”. Höptner took over the leadership of Bitmex last year. After the indictment against the three founders of the crypto exchange in the US, the Frankfurter must ensure order in the trading place.
By Audy Castaneda
