Police in a major US city are looking for suspects as reports of people receiving fake $100 bills spread across the community. Authorities in Clare, Michigan say at least five phony $100 bills were discovered inside an Isabella Bank branch, reports Newsradio WSGW. The bills all carry the same phony serial number and were deposited […]
The post US Bank Customers Deposit Fake $100 Bills As Police Issue Warning on Counterfeit Cash: Report appeared first on The Daily Hodl.
Reports of people trying to use counterfeit cash are spreading across the US. Headlines on various attempts to pay with fake money are popping up around the country, with ABC News declaring counterfeiting is “making a comeback.” Police in Hilo, Hawaii say someone has been bleaching the ink off of $1 bills and printing $100 […]
The post Use of Fake Money Reported Across US After Secret Service Seizes $21,800,000 of Counterfeit Cash in One Year appeared first on The Daily Hodl.
Amid the dreary global economy, a number of market strategists and analysts believe oil will be the number one investment in 2023. While a barrel of oil is coasting along at prices between $80.12 and $85 per unit, Goldman Sachs analysts think oil will reach $110 per barrel for Brent oil, and strategists from Morgan […]
The former FTX CEO has explained why the exchange only reopened withdrawals for Bahamian citizens shortly before filing for bankruptcy.
FTX’s former CEO Sam Bankman-Fried has divulged what really went on in the days before it filed for bankruptcy when the exchange selectively reopened withdrawals — only for Bahamian users.
In a telephone interview with crypto blogger Tiffany Fong, dated Nov. 16, Bankman-Fried claims to have made the decision to reopen withdrawals to Bahamian citizens as he did not want himself, nor the exchange, to be in a country “with a lot of angry people in it.”
“The reason I did it was it was critical to the exchange being able to have a future because that’s where I am right now, and you do not want to be in a country with a lot of angry people in it and you do not want your company to be incorporated in a country with a lot of angry people in it,” he said.
Bankman-Fried claims he gave Bahamian securities regulators a “one-day heads up” that FTX was going to do it, but said the regulator neither responded with a “yes or no,” before he ultimately decided to go ahead with allowing withdrawals.
“So it was realistically speaking, it’s shitty, but [...] the pathway for FTX involved Bahamians not being pissed at it.”
The now-defunct crypto exchange initially halted all withdrawals on Nov. 8 as a result of liquidity issues.
On Nov. 10, only a day before it filed for bankruptcy, the exchange noted it had begun to facilitate withdrawals of Bahamian funds. At the time, it claimed that it was in compliance with the demands of the country’s regulators — leading to millions of dollars worth of funds extracted from the exchange.
However, the Securities Commission of The Bahamas (SCB) threw a wrench into FTX’s narrative, stating on Nov. 12 that it had neither instructed nor authorized FTX to prioritize withdrawals of Bahamian clients.
They also warned that any withdrawal of funds could be clawed back as part of the firm’s liquidation proceedings.
Cointelegraph contacted the SCB for confirmation on if it had received communication from FTX prior to the exchange’s withdrawals reopening, and what its response was at the time. The SCB did not immediately respond.
Audio from my first interview with Sam Bankman-Fried. SBF talks bankruptcy, the alleged “backdoor,” donations to the Democratic Party, Ukraine money laundering rumors, the hack, Alameda’s margin position on FTX, using FTT as collateral & more. https://t.co/qVfUv6dhww
— Tiffany Fong (@TiffanyFong_) November 29, 2022
In his most recent interview with Fong, Bankman-Fried denied the move was to facilitate withdrawals by people within FTX after Fong suggested that this is how it was being seen.
“Oh it wasn’t insider withdrawals, this was trying to create a regulatory pathway forward for the exchange.”
The former FTX CEO also noted during the Nov. 16 interview that he was close to finding out the identity of the FTX hacker, who is understood to have stolen over $450 million worth of assets soon after the exchange filed for bankruptcy on Nov. 11.
“I don’t know exactly who because they shut off all access to the systems when I was halfway through exploring it. I’ve narrowed it down to eight people. I don’t know which one it was but I have a pretty decent sense.”
Bankman-Fried said he believes it was “either an ex-employee or somewhere someone installed malware on an ex-employee’s computer.”
Related: ‘I never opened the code for FTX’: SBF has long, candid talk with vlogger
In a separate, more recent interview with Sam Bankman-Fried by Axios on Nov. 29, the former FTX CEO has revealed he only has around $100,000 left in his bank account as of today.
This is despite Bankman-Fried being worth an estimated $26 billion at his peak.
Bankman-Fried claims that he had “basically everything” tied up in the now-bankrupt company.
"I mean, I have no idea. I don't know. I had $100,000 in my bank account last I checked," he said.
The latest edition of Cointelegraph’s Top 100 list has arrived! Here are those who made a splash in 2021 and are likely to have a banger of a 2022.
The Cointelegraph team has scoured the deepest trenches of the blockchain world to find the most artistic, analytical and innovative out there to be featured in this comprehensive list of people and trends that shaped the industry in 2021 and will continue to drive it further in 2022.
2021 was a year like no other. With El Salvador making Bitcoin (BTC) legal tender, miners undergoing their great migration, nonfungible tokens (NFTs) breaking sales records and cryptocurrency prices surging to all-time highs and lows, it was one of the most eventful years in the history of blockchain.
DISCOVER COINTELEGRAPH’s TOP 100 IN CRYPTO AND BLOCKCHAIN 2022
But behind all the great moves and events that transpired stood the people who worked on and contributed to the development of an industry that’s still only just over a decade old. Beyond the people (and maybe the animals — spoiler alert!) are the concepts and technologies that were brought to life or have become more prominent over the past year and are likely to continue developing as part of the industry into the future.
While not everyone will agree with the characters included on, or left off, the final list, it was conceived with a simple main criteria in mind: discovering those who made an impact in 2021 and are ultimately likely to have a significant influence on the direction of the industry in 2022.
The Top 100 profiles will be published in batches of 10, countdown-style, starting with #100 through #91. Crypto trader and educator Rekt Capital, Utrust CEO Sanja Kon and Blockstream’s Samson Mow are featured in the first batch. Want to find out who else made the cut?
The full list of people and concepts that contributed to the development of the blockchain community — gathered together in a comprehensive and carefully researched, though slightly controversial, selection — will be released here: Cointelegraph’s Top 100 in 2022.
