Is SBF hiding money?

Hey everyone!

As the year comes to a close, we want to take a moment to thank you all for your support and loyalty. It's been a challenging year for the space, but we're grateful to have had the opportunity to share our insights and knowledge with you.

As we look forward to 2023, we're excited to see what the new year will bring for Crypto. We hope you have a wonderful holiday season and we can't wait to continue providing you with the latest news in the coming year.

Markets & News

Alameda wallets become active days after SBF bail, community mulls foul play (2 minute read)The crypto wallets associated with now-bankrupt trading firm Alameda Research, the sister company of FTX, were seen transferring out funds just days after the former CEO Sam Bankman Fried was released on a $250 million bond. The transfer of funds from Alameda wallets raised community curiosity, but more than that, the way in which these funds were transferred grabbed the community’s attention.

Crypto investors who lost money in 2022 can use key tax loophole—for now (3 minute read)The year started poorly for crypto investors when prices slumped in January. Things got much worse in May with the collapse of the Terra stablecoin, and then ended in a full-on dumpster fire after FTX imploded in November. Crypto’s 2022 was rotten all around—though there is a small silver lining.

Web3: DeFi & NFTs

Pudgy Penguins NFTs Break All-Time Highs With Holiday Rally (3 minute read)Pudgy Penguins NFTs are on a Christmastime tear. The Ethereum-based non-fungible token (NFT) lineup has eclipsed Bored Ape Yacht Club (BAYC) and other so-called “blue chip” digital collectibles in 24-hour trading volume – its 1,200 ETH is nearly double that of the runner-up, BAYC, according to data site Nansen. That surge in trading activity comes as Pudgy Penguins sets new all-time highs in terms of ETH-denominated floor price, a popular metric.

Misc

The biggest crypto hacks of 2022 (9 minute read)In 2022, cryptocurrency-based projects experienced a series of devastating hacks and exploits in what’s considered the worst year ever when it comes to securing digital assets. Overall, the frequency of crypto hacks accelerated rapidly this year, topping a record $3 billion in total funds lost — a spike from $2 billion lost to hacks in 2021 — according to a Chainalysis report.

Mango Markets Attacker Avraham Eisenberg Arrested, Charged With 'Market-Manipulation Offenses' (2 minute read)The Department of Justice announced on Tuesday the arrest of Avraham Eisenberg, charging him with "market-manipulation offenses" related to his attack on the Mango Markets crypto exchange. A second filing signed by Assistant U.S. Attorneys Thomas S. Burnett and Noah Solowiejczyk has specifically charged Eisenberg with commodities fraud and commodities manipulation.

Crypto Influencer Blasts NY Post and Daily Mail for Sexist Coverage of Her SBF Chat (4 minute read)Crypto journalist Tiffany Fong railed against The Daily Mail and The New York Post this week for their reporting on her recent meeting with beleaguered FTX founder Sam Bankman-Fried, calling the right-leaning tabloids “pretty gross” for “sexualizing” her in their coverage. Fong confirmed on Wednesday that she met with Bankman-Fried on Tuesday night at his parents’ home.

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