New FTX Developments:
1. FTX, a $32B company, never had any board meetings
2. Many employees SBF employed were fake
3. Bahamas government was behind $600m hack
4. Customer funds used to buy SBF real estate
5. Advisors say fraud is far worse than Enron
This is unprecedented.
The fallout from FTX’s collapse shows few signs of easing as the crypto industry reckons with direct exposures, plunging token prices, and newfound skepticism of its participants https://t.co/5PWn6M6OrR
Binance: The current estimated time for the Ethereum Merge is 2022-09-15 at 01:30 (UTC). Deposits and withdrawals will be suspended one hour before the Merge happens. Binance will credit the ETHW to eligible users’ Binance accounts at a ratio of 1:1.
https://t.co/T1G0NahECO
Breaking: Hotbit exchange will have to suspend trading, deposit, withdrawal and funding functions. Some Hotbit senior managers have been subpoenaed by law enforcement since the end of July and law enforcement has frozen some funds of Hotbit.
https://t.co/pNUvZB8GE4
Russia has banned using Bitcoin, Ethereum and other cryptocurrencies to pay for goods or services, but investing remains allowable. https://t.co/jwwfRWpCm0