PANews February 20th reported that FTX founder SBF released a lengthy article titled “10 Misconceptions About Me and FTX,” addressing each of the ten “rumors” about himself and FTX. The content includes denying claims such as “FTX being insolvent and evaporating $8 billion of customer assets,” “participating in multi-partner orgies,” and “being unable to raise funds and being forced into bankruptcy.” He also stated that he had received intentions to fill the liquidity gap, but the bankruptcy filing was pushed forward by lawyers. Additionally, he provided his perspective on disputes regarding margin trading liquidity, whether bankruptcy constitutes a crime, and the flow of political donations.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Cambodia’s National Assembly passes anti–telecom fraud law; crypto scams can carry life imprisonment at most
Cambodia’s National Assembly unanimously passed a new law to crack down on cyber scams that use crypto assets, with a maximum penalty of life imprisonment. The bill will be reviewed by the Senate and approved by the King. The core leaders of scam syndicates face severe penalties; analysis suggests this may only shift the crimes, and that coordinated efforts are needed to target corruption and money-laundering networks as well.
GateNews18m ago
Two men in Heilongjiang were sentenced for illegally tapping into a high-voltage power line at an oil field to mine cryptocurrency, with the principal offender receiving a 10-year prison term
A court in Honggang District, Daqing City, Heilongjiang Province, ruled that two men were convicted of stealing electricity by illegally tapping an oil-field high-voltage power line to power Bitcoin mining. The principal offender, Zhang, was sentenced to 10 years in prison and fined 50,000 yuan, while the accomplice, Zhao, was sentenced to 4 years and 10 months and fined 20,000 yuan. The total value of the stolen electricity exceeded 800,000 yuan.
GateNews41m ago
Korean criminals use USDT to provide revenge services; Telegram becomes a new tool for anonymous crimes
South Korean police disclosed that some criminal groups use USDT to provide retaliatory attack services. Victims can pay in cryptocurrency to hire others to carry out retaliation, which has led to multiple cases. Police say it is difficult to track down the perpetrators. Experts warn that such services may spread as Web3 technology grows, and they call for increased cybersecurity awareness.
GateNews3h ago
South Korean drug crime suspect Park Wang-yeol was handed over to prosecutors, and authorities will investigate his Bitcoin transaction records
Park Wang-yeol was referred to prosecutors over allegations of large-scale drug trafficking from the Philippines. During the period from November 2019 to July 2024, he was involved in smuggling illegal drugs, generating illegal proceeds totaling 6.8 billion won and bringing the total crime scale to 13.1 billion won. Police will pursue his concealed funds and records of Bitcoin transactions.
GateNews4h ago
Ledger phishing email scam steals 600,000 USDT, and U.S. federal prosecutors recover all funds
An American court ruled to forfeit more than $600,000 in USDT, stemming from a physical letter phishing scam targeting Ledger users. After receiving the disguised letter, the victims leaked their seed phrases, and their funds were stolen. The scammers tried to conceal the funds through multiple transfers and conversion methods, but the transparency of the blockchain helped the police track the path of the fund movements. They then successfully recovered the funds through a civil forfeiture proceeding.
MarketWhisper9h ago
Gate Daily Report (April 3): Bitcoin miner MARA lays off 15%; North Korea is accused of attacking Drift to profit 286 million
Bitcoin (BTC) gives back this week’s gains, temporarily trading at around $66,780 on April 3. Bitcoin miner MARA cut 15% of its workforce, shifting its strategy toward energy and digital infrastructure. Blockchain analytics firm Elliptic says North Korean hackers may exploit a vulnerability in the Drift Protocol to profit $286 million.
MarketWhisper11h ago
