This week has seen significant highlights within the crypto industry as we head to the Christmas holidays. Most of the major crypto news this week revolved around the FTX collapse saga and specifically around the former CEO Sam Bankman-Fried (SBF) who was arrested and remanded in The Bahamas Fox Hill correctional facility last week on Monday.
Monday
- US exchange BAM Trading Services Inc.’s bid (operating as Binance.US) was chosen by Voyager Digital LLC, the operating unit of Voyager Digital Ltd. to acquire its assets.
Tuesday
- SBF signed US extradition papers.
- Gleec BTC Exchange acquires local Brazilian exchange Blocktane to extend services in Brazil.
- Tezos activates the Lima upgrade which is the 12th upgrade to the protocol.
- Waves CEO and founder, Sasha Ivanov, promised to launch a new “undepeggable” stablecoin.
Wednesday
- SBF was arraigned in Bahamas court for extradition to the US hearing.
- Paxful delisted Ethereum (ETH) from its platform saying it had turned into security after the merge upgrade.
- SBF was transported to the US accompanied by FBI agents.
- SBF had an eight-day stay in The Bahamas Fox Hill correctional facility.
- Core Scientific filed for Chapter 11 Bankruptcy in the US.
- Decentralized exchange (DEX) aggregator OpenOcean launches 1-click cross-chain swaps.
- The US Securities and Exchange Commission (SEC) says that the FTX’s exchange token FTT was sold as an investment contract and thus it is a “security.”
Thursday
- Sam Bankman-Fried is released on a $250 million bail in the US and is to remain in the custody of his parents.
- Binance delists multiple tokens including FET, FORTH, KEY, MBOX, and WIN as Borrowable Assets From Cross Margin, AION and BTS from isolated margin
- FTX files to ask a US bankruptcy judge to stop crypto lender BlockFi getting the FTX Robinhood shares
- Former Alameda CEO Caroline Ellison and FTX co-founder Gary Wang plead guilty and accept cooperating with federal authorities to investigate SBF.
- Elon Musk agrees to talk to Dogecoin Army in the coming days
Today, Friday
- US bankruptcy court gives Core Scientific the green light to access $37.5 million loans from its creditors to aid the firm in its ongoing liquidity issues.
BbusyEarning 