#cryptocurrency exchange
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Cryptocurrency exchange FTX is facing a significant financial burden, shelling out approximately $53,000 per hour on legal counsel for its ongoing bankruptcy proceedings. From August to October 2023, the exchange's new leadership has already expended over $118 million in legal fees. 
Caroline Ellison: The Great Mind with a Dark Edge
Until autumn 2022, Caroline Ellison remained largely under the radar. That changed dramatically when FTX, once the leading cryptocurrency exchange, faced a major setback. Ellison, leading Alameda Research, channeled FTX client investments into ventures of dubious repute, culminating in the downfall of Sam Bankman-Fried’s empire. 
The U.S. Department of Justice has leveled charges against three American individuals for committing fraud through SIM card swaps. Bloomberg reports that among the companies affected was the cryptocurrency exchange FTX, which suffered a loss of over $400 million in client assets in the aftermath of its bankruptcy announcement. 
A verified author on the CryptoQuant analytics platform, known as IT Tech, has revealed that the Bitcoin holdings of the collapsed cryptocurrency exchange, Mt Gox, remain static. This suggests that the exchange's management doesn’t sell BTC to make compensation payouts to users. 
Tether has executed a significant freeze of $225 million in assets, targeting an international crime ring involved in human trafficking. This strategic move was a result of a collaboration between Tether, the U.S. Department of Justice, and the cryptocurrency exchange OKX. 
Offering a deal of $10 million, Justin Sun has reached out to the hacker behind the Poloniex cryptocurrency exchange breach to recover the stolen funds. Sun asserts that the hacker's identity is no secret, with international law enforcement ready to intervene following a formal complaint from the exchange. 
In the upscale Vake district of Tbilisi, criminals targeted the cryptocurrency exchange TONWEX, making off with approximately $811,000. When the police arrived at the scene, some of the culprits posed as forensic investigators to assist their associates in escaping. 
