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Bots in Crypto: Their Roles, Impacts, and Detection Methods
The word “bot” might bring to mind helpful chatbots that assist with finding information, selecting products, or playing music. However, it also refers to automated programs designed to mimic human activity for selfish purposes. This article will cover the latter category. 
Silvergate, a banking partner of the bankrupt entities FTX and Alameda, will pay fines totaling $63 million to the Federal Reserve and the California Department of Financial Protection and Innovation (DFPI). Of this sum, $43 million will be paid to the Fed and $20 million to the DFPI. Additionally, the SEC seeks to impose another $50 million in penalties on the company. 
The defunct cryptocurrency exchange FTX has reached a settlement with the U.S. Internal Revenue Service (IRS), agreeing to pay a $200 million higher priority claim and a $685 million lower priority claim. This agreement stands in stark contrast to the initial claims totaling $24 billion. The payment is scheduled within 60 days after the restructuring plan goes into effect. Nassim Taleb: Author of the Bestseller "The Black Swan"
The bankruptcy of FTX, the Terra collapse, the coronavirus pandemic, and other unforeseen events that have shaken the crypto industry are often referred to as "Black Swans." This term, popularized by Nassim Taleb through his bestselling book, has become synonymous with rare, impactful events. 
New FTX CEO John Ray III, overseeing the exchange's bankruptcy, continues to draw a hefty salary of $1,575 per hour. In March 2024, he clocked 231 hours, netting $363,825, which annualizes to approximately $4.36 million, though these figures may vary from month to month. 
Caroline Ellison, the former CEO of Alameda Research and a key witness in the trial of FTX founder Sam Bankman-Fried, has been sentenced to two years in prison, followed by three years of supervised release. During this period, she must cooperate with the U.S. Securities and Exchange Commission (SEC). The court also ordered her to pay an $11 billion fine and forfeit her assets. FTX Payouts: What to Expect?
The upcoming compensations for FTX creditors (nearly $16 billion) are anticipated to significantly boost the crypto market, as most of these funds will likely be reinvested into cryptocurrencies. This article will detail the key elements of the compensation process: payment plans and queues, as well as other pressing concerns of the creditors. 
A group of FTX creditors, led by Sunil Kavuri, has officially opposed the company's reorganization plan. They presented multiple arguments against the plan, highlighting issues such as the taxation of returned assets, disregard for property rights, and a misalignment with client interests. 
Attorneys for Ryan Salame, a former top executive of the bankrupt crypto exchange FTX, are seeking a sentence of no more than 18 months in prison. They assert that their client had no involvement in the fraudulent activities orchestrated by former CEO Sam Bankman-Fried. 
In a move by the bankrupt exchange FTX, between 25 to 30 million SOL tokens have been sold to Galaxy Trading and Pantera Capital for $64 each, according to anonymous sources cited by Bloomberg. This transaction is valued between $1.6 to $1.92 billion, though the exact date of the sale remains undisclosed. 
FTX's leadership aims to nullify user and investor claims concerning specific tokens linked to investments made by the former CEO, Sam Bankman-Fried. Included in the affected list are tokens such as Maps (MAPS), DeFi Oxygen (OXY), Serum (SERUM), and Boba (BOBA).