Holiday's over! It's time to get back to the crypto business! 🔹Where's FTX's Money? 🔹Mango Markets Exploiter Arrested 🔹Bitcoin Miners Bailed Out 🔹SBF on Bail Catch up on more stories you might have missed during the days off 😉
Given that a short South Park-inspired sketch of FTX founder Sam Bankman-Fried's apology tour went viral on Twitter this weekend, it's probably not surprising that the disgraced founder of the exchange accused of stealing one million customers' funds was a big part of the holiday week's news.
Why was he granted bail? It is solely based on the defendant's likelihood and ability to flee, and aside from his parents putting up "their last pair of cufflinks," SBF's notoriety is too great for him to flee. Second, a group of 100 FTX lenders and investors with claims on FTX and Alameda funds was formed last month to push its own claims.
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