Discover how the FTX scandal of 2022 has caused centralized exchanges like Binance and Coinbase to release Proof of Reserve documents, and how StormGain’s commitment to decentralization has made them a favorite among the blockchain community.
CNBC has reported that the total amount of funds that FTX has managed to recover during the bankruptcy process so far has increased to $5 billion.
Key takeaways: Authorities in The Bahamas arrested Sam Bankman-Fried on Monday The arrest follows an indictment shared with the Bahamian authorities by U.S. prosecutors SBF is expected to be extradited to the U.S., where he will face wire fraud, security fraud conspiracy, and money laundering charges The Bahamas are expected to extradite SBF to the…