#ftx

A New York court has issued a ruling allowing the former chief executive of FTX to use messaging apps, but with some restrictions. 📌No Signal and other apps with disappearing or hidden chat features 📌Ban on contacting FTX or Alameda employees 📌Communication is allowed only in the presence of counsel How will Sam now send some meaningful messages under the watchful eye of the accusing party's lawyer? Does he know any secret language? We'll see soon enough.

Justin Sun, the hype man of the century, is on it again. His Huobi exchange announced the listing of a provocative coin FUD (FTX Users Debt). The developers promise to buy back all the tokens in the future and use these funds to cover FTX's debts. Amid the announcement, the price of FUD soared by several hundred percent, but it rolled back quickly. There is a probability that the FUD token may become popular.

In his new post, SBF found inconsistencies in documents filed by the law firm Sullivan & Cromwell (S&C) to a Delaware court alleging that FTX US is insolvent. S&C somehow failed to include $428 million of assets in FTX US bank accounts in the report. As a result, SBF concluded that FTX had hundreds of millions of dollars in excess of what the exchange needed to pay its obligations to users. Just return the money, Sam!

FTX’s lawyers prepared a $445.8 million suit against Voyager Digital, for loan repayments that Alameda made shortly before Voyager went bankrupt. We have extensively covered this story of "unlove" earlier. The comedy of the situation is that bankrupt Alameda accuses bankrupt Voyager Digital of using the money of creditor's clients, i.e. Alameda. But the key point is that Alameda itself granted the loan from the FTX funds, which actually belonged to the customers of the curly-haired swindler's exchange. Like a drowning swimmer, Sam is dragging everyone down with them. Does he really believe that would help them climb up to the top?

In their search for bankrupt FTX clients' money, lawyers want to cross-examine SBF's mother and brother. It is already known that the businessman's parents lived in a house in the Bahamas worth $16.4 million, which was the property of a crypto exchange. And the SBF's brother bought a multi-million dollar property near United States Capital (probably with the FTX clients' money). Negotiations with the SBF's father are ongoing. Perhaps the court will be able to get the truth at least from the suspect's father.

They announced a new job on LinkedIn: “Head of Central Bank Digital Currency.” "The successful candidate will be responsible for leadership of HM Treasury’s work on a potential digital pound – a U.K. central bank digital currency (CBDC)," reads the post. The Bank of England (BoE) had previously stated that the FTX collapse proved the need for a digital pound.

Just 24 hours after FTX's new CEO, John Ray, announced that the platform could be revived, fraudsters created a fake FTX 2.0 token. The FTX2.0 scam token is being actively spread among the registered users' wallets, including Justin Sun, KuCoin, and Binance. Security firm PeckShield reported that the smart contract of FTX 2.0 has a backdoor that allows hackers to steal funds from users' accounts. To participate in the "new airdrop" the users are encouraged to click on a phishing link. But the worst part is that the token's code allows buying the coin, but prohibits it from being sold. That's why its price has quickly rocketed, causing a wave of FOMO among FTX customers.