As the failed former crypto exchange CEO also fights for shares in Robinhood, which he says needs more than customers, FTX co-founder and “altruist” Sam Bankman-Fried’s lavish More information is coming to light that is said to reveal his lifestyle. In other news, Shark Tank star Mark Cuban warns that crypto collapse could come from the “discovery and removal of wash trades” on exchanges. Finally, experts predict that gold prices will soar in 2023. All of this is just below in the latest Bitcoin.com Newsweek in Review.
FTX Co-Founder’s Alleged Wastefulness Revealed in Bankruptcy Court Documents
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FTX Co-Founder Sam Bankman-Fried (SBF) to Access $460M Robinhood Stake in FTX Following court filings indicating the desire, Delaware bankruptcy court documents show tens of millions spent by the FTX team in 2022 on living quarters, hotels, meals, and flights. In addition, SBF’s quantitative trading firm allegedly owes more than $55,000 to Jimmy Buffett’s beach resort, Margaritaville, after Alameda and FTX executives used 20 suites for several months last year.
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SBF vying for Robinhood shares – says it needs them more than FTX clients who only have “potential for economic loss”
Disgraced FTX founder Sam Bankman-Fried (SBF) is trying to regain access to his Robinhood shares worth more than $460 million. The former CEO of the collapsed crypto exchange claimed he needs them to “pay for his criminal defense” and stressed that without them, the consequences are severe and “irreparable.” FTX customers, on the other hand, “face only the possibility of economic loss,” SBF’s court filing stated.
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Billionaire Mark Cuban Warns Of Next Crypto Implosion Coming From Wash Trades {43 Warns of Next Crypto Implosion Coming From Wash Trades.
Shark Tank star and owner of the NBA team Dallas Mavericks, Mark Cuban, has warned that the next crypto implosion could come from the “discovery and removal of wash trades” in centralized exchanges. The billionaire’s comments follow the collapse of crypto exchange FTX, which wiped out billions of dollars in customer funds.
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Gold prices expected to soar in 2023. Experts Predict Record Highs for Precious Metals
Gold will rise in 2023, with the precious metal surging 2.36% against the U.S. dollar in the first week of the new year alone. in the last 65 days since November 3, 2022, gold has risen 14.55% and silver has surged 22.31% against the greenback. head of metals strategy at MKS Pump Group, Inc. According to the head of metals strategy at MKS Pump Group, gold “has a decent amount of bullish ‘hoarding’ demand that has been carried over from last year.”
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