Bankman-Fried bought D.C. influence by spending ‘dirty money,’ prosecutors say
thecapitolist.com
Three U.S. agencies levy charges against Bankman-Fried
Federal prosecutors charged Sam Bankman-Fried with multiple counts of fraud on Tuesday, just hours after the Securities and Exchange Commission accused the disgraced FTX founder of orchestrating a scheme to defraud investors.
The indictments against Bankman-Fried accuse him moving billions of dollars illegally from FTX to Alameda. Prosecutors describe it as a “dirty money” scheme that helped fuel Bankman-Fried’s effort “to buy bipartisan influence and impact the direction of public policy in Washington.”
Meanwhile, the House Financial Services Committee forged ahead with a hearing into the cryptocurrency exchange’s recent implosion despite the arrest Monday night of Bankman-Fried, its star witness, who was taken into custody in the Bahamas after U.S. officials requested his extradition.
Here’s what to know
The entrepreneur is facing charges in one criminal and two civil cases.
SBF was arrested in the Bahamas Monday December 12th 2022
A judge in the Bahamas denied bail to Bankman-Fried.
At a House hearing, FTX’s new chief executive, John J. Ray III, described the events that led to FTX’s downfall as “plain old embezzlement” and said customers will not recover all their money. Ray was brought into the company to manage the bankruptcy.
Binance Halts USDC Withdrawals Amid Massive Outflows
Cointelegraph
Facing an unprecedented surge in withdrawal requests, Binance was forced to halt withdrawals of the USDC coin.
Binance halts withdrawals of USDC
The biggest crypto exchange saw $1.6 billion in outflows over the last 24 hours
Binance had previously decided to auto-convert USDC tokens to BUSD for all depositors
https://twitter.com/avaxoshi/status/1602495396147625985/photo/1
Regulation and Policy in Crypto: Policymakers Look Ahea d With Blockchain Association
Congressman Jim Himes (D-Connecticut) and CFTC's former Commissioner Dawn Stump join Blockchain Association's Executive Director Kristin Smith at I.D.E.A.S. 2022 to discuss their outlook for regulation and policymaking in the digital economy space.
Art Basel Miami Community Embraced Web3—But Use Cases Remain Stuck in Web2
The wildly imaginative community representing luxury brands, contemporary art and emerging tech that converges in Miami at the end of every November is not known for restraint and practicality. But as talk of crypto winter set in as 2021’s NFT hype cooled, the mood in Miami last week was much more down to earth.
And that’s actually why this Art Basel Miami may be more meaningful for brands, investors and technologists versus the unbridled party atmosphere of past years. If you missed Art Basel, don’t worry—the transformative technologies that were there are about to catch up with you before you know it.
Analytical Data
⚡️ Crypto is still growing at the same pace the internet was in the 1990s.
Google search queries about buying bitcoins outpaced interest in buying stocks for the first time
🥇 BTC is currently flowing out of exchanges at a rate of -172.7k BTC per month, eclipsing the previous peak set following the June 2022 sell-off.
Events
Click here for events & meetups in December 2022
Crypto News Heard Around the State
Tampa News
KnowBe4 Supports Metaverse Safety Week
/PRNewswire/ -- KnowBe4, the provider of the world's largest security awareness training and simulated phishing platform, today announced its support of the...
prnewswire.com
Public Web3 Infrastructure Company DLTx ASA Announces Acquisition of NachoNodes
Oslo, Norway, Dec. 01, 2022 (GLOBE NEWSWIRE) -- DLTx ASA (www.dltx.com) (Euronext, DLTX.OL), a global distributed ledger and blockchain company, announced today the acquisition of NachoNodes’ intellectual property, management, and technology team. NachoNodes is a US based node infrastructure company. Alex Firmani and Adam Liposky, partners at NachoNodes, built Pocket Network and other Web3 projects and will focus on scaling DLTx’s node infrastructure. With the acquisition, NachoNodes and its lea
finance.yahoo.com
Blockchain integration firm helps businesses prepare for Web 3.0 - Florida Blockchain Business Association
The founders of Tampa-based BlockSpaces have been on the frontlines of the internet's next phase for more than a decade.
fbba.io
Orlando News
Meet the team who is using DLT to reduce Missing Children’s Cold Cases - Florida Blockchain Business Association
Richard Ring is the CEO of F3 Intelligence Corp, an Orlando based Private Investigation firm that is unique in many regards, but stands alone in the industry
fbba.io
Miami News
It wasn’t all art, it wasn’t all conferences – Art Week gets personal with experiences, too - Refresh Miami
Refresh Miami is the #1 provider of local technology news in Miami. Refresh has been supporting and growing the #MiamiTech ecosystem since 2006 with 15,000+
refreshmiami.com
Jacksonville News
Jaguars QB Trevor Lawrence among famous names sued in FTX crypto collapse
Jaguars quarterback Trevor Lawrence is among a host of Hollywood and sports celebrities named as defendants in a class-action lawsuit against cryptocurrency exchange FTX, according to a report from USA Today’s JagsWire.
news4jax.com
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