686:Do Kwon's SEC Charges and FTX's Shifting Assets

Episode 686:

Do Kwon's Chat Leaked-Do Kwon, founder of Terra, is caught admitting to faking trading volumes in leaked court documents. The SEC's case suggests Terra and payment app Chai's partnership was a sham, creating fake transactions to deceive investors.

FTX's $4M ETH Unleashed-Ether tied to last year's FTX exploit is moving again, just days before FTX founder Sam Bankman-Fried's fraud trial. Around 2,500 Ether, worth over $4 million, has been shifted through multiple transactions.

FTX Assets Scrutinized-The DOJ is going all-in on the upcoming trial of FTX's former CEO, Sam Bankman-Fried. Testimonies from former employees and customers aim to show FTX's misleading treatment of assets. This case could be a watershed moment, revealing how the U.S.

Buterin Warns DAOs-Vitalik Buterin expresses concern about the influence of DAOs in Ethereum's staking pools. Specifically, he points to Lido's DAO and the risk of a single staking token dominating.

CBDC Alert (EU)-ECB President Christine Lagarde confirms that the digital Euro will lack full anonymity, sparking privacy concerns. Commercial banks will serve as intermediaries, but the trustworthiness of these entities is questionable.

BlockFi’s Bankruptcy Exit-BlockFi is one step closer to emerging from bankruptcy, with creditors approving its restructuring plan. This could lead to increased recoveries for clients.

Crypto Overnighter Podcast (10/1/2023): Welcome back to the Crypto Overnighter with your host, Nikodemus. We provide nightly updates on cryptocurrency, NFTs, the metaverse, and the surrounding industry. Remember, this show does not offer financial advice.

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