About a month after the dramatic collapse of the FTX crypto exchange with the bankruptcy of the entire group of companies, ex-CEO Sam Bankman-Fried (SBF) was arrested today in the Bahamas – probably at the request of law enforcement authorities in the UNITED STATES. Now the former crypto-billionaire, whose fortunes say is down to around $100,000, could soon find himself in jail. Meanwhile, the crypto exchange with the highest turnover in the world is threatened with indictment in the United States. Binance is notably accused of money laundering. Cryptocurrencies are not resting, although the recovery continues ahead of US inflation data.
While the negative news could again put a strain on the crypto market, there is also positive news. Because the eco-friendly cryptocurrency IMPT.io successfully completed the presale yesterday with a fundraising of over $20 million. At the same time, Dash 2 Trade has now collected nearly $10 million in presale. Here, one is seen as the beneficiary of the FTX crash, as one could satisfy the growing security needs of investors with the innovative platform.
This new cryptocurrency benefits from the FTX crash
SBF is arrested in the Bahamas
Bahamian Attorney General Ryan Pinder officially announced SBF’s arrest on Tuesday. Accordingly, the arrest was made after a request to do so from the US government, which had informed the Bahamas of the criminal charges received. Ergo, they wanted to seek SBF’s extradition to the US – here the former crypto-billionaire faces jail time. It’s still a sealed action, but it should be open soon. Damian Williams, American lawyer in New York:
“We expect the charges to be made public tomorrow morning and we will have more to say then.”
U.S. Government Confirms Arrest: U.S. Criminal Investigations Are Reason
After the collapse of the FTX crypto exchange, US authorities were quick to open criminal investigations. Because the close ties between trading company Alameda Research and crypto exchange FTX have caused discontent. The successor, John J. Ray III, as the new CEO of FTX, has repeatedly pointed out in recent days that there has been a complete failure of FTX management. On this basis, the first charges could also be drawn up. The focus is on the mixing of client funds at FTX and Alameda and subsequent use in margin trading. Customers’ money was treated speculatively, today many investments may be worth only a fraction of the old investment.
US Prosecutors Consider Charges Against Crypto Exchange Binance
Crypto exchange Binance and CEO CZ actually presented themselves as a new force in the crypto market, after all, they acted offensively and apparently wanted to gain new market share. Without a doubt, Binance still seems like a relatively safe choice. Nevertheless, criticism of Binance is growing, which could even end in an indictment. Because according to information from the Reuters news agency, the US Department of Justice is considering an indictment. However, it is not the accusations that are likely to be dangerous for Binance in the short term, but rather the rumors arising from them.
Binance CEO CZ goes on the offensive and stresses that thanks to FUD, the company will continue to grow. True to the motto “What doesn’t kill you makes you stronger”.
FUD helps us grow, even if they are very annoying.
You can FUD on someone without explicitly mentioning their name, which raises awareness.
He also helps unite their followers as he forms a common defense alliance.
Short wire. 1/4 https://t.co/PlxhqV5cZS
— C.Z.
Binance (@cz_binance) December 13, 2022
Incidentally, the allegations relate to a lack of anti-money laundering controls, which thus made transactions by criminals possible. At the same time, companies are said to have circumvented US sanctions against Iran with the help of Binance.
Crypto Advice: These two presales are holding up against current constraints – 10x potential
Cryptocurrencies are experiencing turbulent times. Although this changes little in terms of long-term opportunities, investors are currently cautious. But even in the current bear market after the FTX crash, there are lucrative opportunities. The following two pre-sales recently proved that you can show relative strength against the broader market.
IMPT.io
Eco-friendly cryptocurrency IMPT.io raised $20.5 million yesterday and successfully closed the presale. Initial registrations for LBank, ChangellyPro and Uniswap are due tomorrow. Now, the green cryptocurrency, which is at the heart of the global blockchain-based emissions trading platform, might get the next hype. The FOMO of the last presale day also favors a positive price development tomorrow. Speculative investors are eagerly awaiting the first quotes to benefit from a possible 10x performance.
Don’t miss anything on IMPT.io
Dash 2 Exchange
The Dash 2 Trade presale is now well underway. $9.65 million has already been raised. The $10 million milestone is within reach for a cryptocurrency that could immediately benefit from the FTX crash. Because Dash 2 Trade creates a versatile platform for trading signals and professional crypto analysis, which offers a wide variety of analytical tools. This might be more in demand than ever in these uncertain times. Dash 2 Trade still has a good chance of generating growing pre-sale demand and also growing positively after the ICO in January 2023.
Access the Dash 2 Trade presale
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