Crypto Market Highlights December 25, 2022

Crypto Market Highlights News Of The Day

Law Firm Gets $12 Million From FTX Before The Exchange Filed For Bankruptcy

As security for payment of its fees and expenditures during Chapter 11 bankruptcy proceedings, FTX paid a retainer of $12 million to bankruptcy attorneys. According to the facts given, the exchange must have paid S&C at least $15.5 million to provide legal services for FTX. The document also showed that S&C is already in possession of over $9 million of the $12 million retainer sum. For more specific information, you can read the article below:

Law Firm Gets $12 Million From FTX Before The Exchange Filed For Bankruptcy

Aave To Launch Public Testnet For Its Stablecoin GHO In January

GHO, Aave’s native stablecoin, has set an internal testnet date for early next year. This is a breakthrough for the DeFi platform when the stablecoin battle of platforms is gradually becoming fierce. For more specific information, you can read the article below:

Aave To Launch Public Testnet For Its Stablecoin GHO In January

JPMorgan: Crypto Does Not Exist As An Asset Class For Major Investment Companies

Crypto is practically non-existent as an asset class for most large institutional investors, according to a strategist at the global investment bank JPMorgan. Because the volatility is too severe, the lack of an inherent return to which investors can point makes it difficult.For more specific information, you can read the article below:

JPMorgan: Crypto Does Not Exist As An Asset Class For Major Investment Companies

Sam Bankman-Fried Relaxes On A Business Class American Airlines Seat

Sam Bankman-Fried (SBF), the creator of FTX, was photographed in the American Airlines business class lounge at John F. Kennedy International Airport just three days after being freed on personal recognizance bail. He then took a flight to his parent’s house in Palo Alto, California, on Thursday. For more specific information, you can read the article below:

Sam Bankman-Fried Relaxes On A Business Class American Airlines Seat

Rubic Lost More Than $1.4 Million Due To The Hack

As PeckShield reported, the Rubic exchange was hacked, resulting in a $1.4 million loss. The attacker has currently sent 1100 ETH to Tornado Cash. For more specific information, you can read the article below:

Rubic Lost More Than $1.4 Million Due To The Hack

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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