#2022
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A spokesperson for the university stated that they have been in talks with FTX debtor attorneys to facilitate the full return of the donated funds. It’s worth noting that Sam Bankman-Fried’s parents have a longstanding association with Stanford Law School, serving as legal scholars and professors there. The donations in question, totaling approximately $5.5 million, were made by FTX-related entities between November 2021 and May 2022 for pandemic-related prevention and research.
Cheongju’s administration has reached out to seven South Korean crypto exchanges, including Upbit and Bithumb, to investigate the holdings of around 8,520 individuals who owe a minimum of 1 million won ($750) in local taxes. After the investigation, authorities in Cheongju aim to seize cryptocurrency assets from such tax evaders. Crypto have increasingly been used for hiding assets in South Korea. Over the span of 2021 and 2022, a total of around $180 million worth of crypto were seized by the South Korean government from individuals who evaded their taxes.
In October 2022, a user purchased NFT BAYC #8585 for 777 ETH but recently sold it for 153 ETH, experiencing a loss of over 80% of the original value. This NFT is considered very unique due to the rare fur and gold crown features. The new owner, on the other hand, boasts of his new acquisition, though he already has a wide variety of NFTs in fifteen different collections.
The Federal Reserve enforced the closure of Farmington State Bank, a lender that has ties with both FTX and Alameda Research.
But what led to this? The bank's silent move towards a digital-centric strategy without keeping the Federal Reserve in the loop.
To thicken the plot, Farmington had previously, in March 2022, secured a substantial $11.5 million funding from Alameda Research. EthereumPoW (ETHW) Coin Review
On September 15, 2022, Ethereum introduced a pivotal upgrade, transitioning from the Proof-of-Work (PoW) consensus mechanism to Proof-of-Stake (PoS), dubbed "The Merge." However, some in the crypto community resisted this shift, seeing it as a deviation from Satoshi Nakamoto's foundational principles, and chose to retain the original algorithm.
Kaiko Research’s data highlights reduced engagement in prominent tokens:
“AXS, the governance token of the Axie Infinity ecosystem is down more than 90% since early 2022 and SAND, MANA and GALA tokens have seen a a similar drop in value.”
Analysts point out that monetary incentives were a primary motivator for users, but these platforms faced challenges in maintaining their user base due to diminishing in-game rewards.
Ilya Lichtenstein and Heather Morgan, a husband and wife duo of crypto hackers, have pleaded guilty to federal money laundering conspiracy charges related to the 2016 hack of the cryptocurrency exchange Bitfinex.
Their guilty plea comes after a year and a half since their arrest and charges in February 2022 and seven years after the initial hack.
According to the government’s allegations, Lichtenstein hacked into Bitfinex and stole 119,754 bitcoins, which were valued at $72 million at the time and are now worth approximately $3.5 billion, for his personal benefit. Coinbase Steps Back from FTX Europe Acquisition
After the bankruptcy of FTX in 2022, Coinbase expressed interest in acquiring its subsidiary, FTX Europe, with the intention of bolstering their global cryptocurrency derivatives footprint. This consideration was rekindled in September 2023, as reported by Fortune. Onyxcoin (XCN): An Overview of the Coin and Its Features
Onyxcoin (XCN) is a cryptocurrency that powers the Onyx ecosystem, tailored for the corporate sector. Initially introduced as an altcoin called Chain (CHN), it was rebranded to Onyxcoin in March 2022, coinciding with the launch of a new smart contract.
The Central African Republic (CAR) is expanding its Sango blockchain initiative to include the tokenization of land and natural resources. Recently, the CAR National Assembly passed a law, receiving unanimous approval, that facilitates online business visa applications and simplifies the process for both locals and foreigners to establish businesses in sectors like real estate, agriculture, and forestry. This move follows CAR's earlier efforts in the crypto space, including the launch of Project Sango in May 2022 and its brief adoption of Bitcoin as a national currency.
Statistics from Coinglass indicate liquidations of $1 billion in the last 12 hours, with $483 million in BTC and $300 million in Ethereum.
Some market analysts are identifying potential incidents that may have instigated this downfall:
The Wall Street Journal has noted that SpaceX liquidated $373 million in Bitcoin across 2021 and 2022, and Tesla has divested more than 30,000 BTC (75% of its stake) for $936 million in Q2 of 2022.
The investment holding company China Evergrande Group has filed for bankruptcy. It was rumored that Tether had backed a portion of its USDT using commercial papers from this entity.
Sellers sprang into action shortly after.
With Bloomberg announcing that the SEC is slated to approve the first-ever Ethereum-based ETF futures by October, Ethereum's market value promptly surged by 11%.
As he awaits his trial scheduled for October 2nd, Sam Bankman-Fried finds himself in the Brooklyn Metropolitan Detention Center, notorious for its unsafe and unsanitary conditions.
In the past two days, two notable developments have emerged:
Yesterday, his legal team sought approval from a federal judge to allow him access to antidepressants while in detention.
According to a letter from his doctor, Sam has been receiving psychiatric treatment since February 2019 and “has a history of Major Depressive Disorder and Attention Deficit Hyperactivity Disorder (ADHD).”
Meanwhile, federal prosecutors claim that Bankman-Fried used funds taken from FTX customers to contribute more than $100 million to political campaigns before the 2022 U.S. midterm elections.
Antidepressants won’t help here either.
Arkham Intel Exchange has launched a new search, offering 100,000 ARKM to anyone who can provide crucial details about the culprit behind the last year’s exploit.
The FTX hack occurred in November 2022, resulting in an approximate loss of $415 million in cryptocurrency.
Ivan Soto-Wright, CEO of MoonPay, and Miami Mayor Francis Suarez, ended up entangled in a minor scandal. It turns out that in late 2022, the MoonPay chief funnelled $500,000 into Suarez's electoral campaign via a Political Action Committee, or PAC.
The twist is, Soto-Wright made the transfer from the account of another company under his belt - PassionForest. Now, that's also the name of a Chinese floral business, which led to some legal headwinds.
When it was revealed that there were no ties between PassionForest and the Chinese venture, the controversy cooled down. Meanwhile, Miami's mayor, Francis Suarez, also quashed any whispers of potential Chinese backing.
On a side note, Suarez is an avid crypto enthusiast who accepts his mayoral paycheck in Bitcoin. 




