It has been revealed that Bahamian regulators were behind the mysterious draining of funds from FTX wallets that took place on November 12th.
November 18, 2022 | | | | | 📈 30 Second Cryptocurrency Price Summary | Current Bitcoin Price: $16,649 | Bitcoin price made a small run towards $17,000 yesterday, retreating once again to the mid $16,000s to begin Friday. | Top-20 altcoins are almost unchanged across the board over the last 24 hours, as Ethereum price remains the same, BNB rises less than 1% and Litecoin is the only major mover with a 4% gain. | Top Stories for November 18, 2022 🔥 | | It has been revealed that Bahamian regulators were behind the mysterious draining of funds from FTX wallets that took place on November 12th. | Former CEO Sam Bankman-Fried himself was ordered to gain "unauthorized access" and drain the funds, and to then transfer them to The Securities Commission of the Bahamas. | Evidence of the actions was presented my new FTX CEO, John Ray III, in bankruptcy filings, which was later confirmed by the Bahamian agency. | | Crypto exchange Binance has seen record inflows of 138,000 Bitcoins – the highest number since November 2018, two weeks before price bottomed at $3,100 per BTC. | A little over 59,000 BTC came from a "de-peg" of Binance's BTCB token, which is a form of wrapped Bitcoin on BNB Chain. It is speculated that this was genuine selling from customers or investors. | | Cardano's commercial arm, Emurgo, plans to launch a USD-backed stablecoin on Cardano early next year. The token, USDA, will be fully fiat-backed and regulatory-compliant – the first of its kind in the Cardano ecosystem. | USDA is the first step of a larger plan by Emurgo, which aims to offer decentralized financial services and products on the Cardano blockchain, including lending, payments and bridges. |
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