NFTs
Crime
US Court orders detention of Mango Markets exploiter over flight risk
Avraham Eisenberg has been remanded to the custody of the U.S. Attorney, who will oversee his imprisonment pending trials.
Trading
Founder of Goobers NFTs ‘completely broke’ after gambling away life savings, investor funds
Goobers founder DNP3 said he is completely broke after gambling away his life savings and money taken from investors.
Trading
Argo blockchain to suspend trading on NASDAQ for 24 hours
Argo has requested to suspends trading of its ADDs and unsecured notes on NASDAQ for about 24 hours, as the LSE market closes on Dec. 27.
Exchanges
OKX publishes second Proof-of-Reserves update, commits to report monthly
OKX's latest proof-of-reserves report shows it holds over 90% of its assets in BTC, ETH, and USDT — the exchange has committed to update its reserve on the 22nd of every month.
Censorship
Tornado Cash developer seeks $240K salary to resurrect protocol
A Tornado Cash developer identified as "Gozzy" has proposed to receive an annual pay of $240,000 to cover the potential risk that may arise from going against the OFAC sanction.
Regulation
SEC filing declares FTT a security in FTX case development
FTT allegedly raised over $10 million to fund the exchange's business operation, with a promise to return profit for investors as demand for trading on FTX increased.
Bankruptcy
FTX creditors seek priority payout for $1.6B locked in custody wallets
Eversheds Sutherland said its clients hold roughly $1.6 billion worth of custody assets on FTX which should be prioritized in the repayment process.
Exchanges
FTX seeks to recoup SBF’s donations to US politicians
As a part of the restructuring process, FTX's new management led by John Ray III said it will set up a process to accept refunds from recipients of SBF's donations.
Deals
Binance completes acquisition of Tokocrypto exchange, TKO token surges 10%
CZ confirmed that Binance was a majority shareholder from 2020, but has injected more funds to increase its ownership of the Indonesian exchange.
Exchanges
Boris Johnson’s brother steps down as advisor for Binance’s UK unit
Binance's U.K. division Bifinity confirmed that Jo Johnson has stepped down from his advisor role on the company's board.
Trading
Grayscale may offer to buyback GBTC if ETF conversion fails – WSJ
Grayscale Investment CEO Michael Sonnenshein has informed GBTC shareholders that the firm could offer to buy back up to 20% of the outstanding shares worth approximately $10.7 billion,
Regulation
Nigeria set to recognize crypto as an investment class
The investments and securities amendment bill which passed the second hearing will allow the Nigerian Securities and Exchange Commission (SEC) to recognize cryptocurrency as capital for investment.