Report: Bankman-Fried Stands by Legal Team Amid Potential Conflict of Interest

Report: Bankman-Fried Stands by Legal Team Amid Potential Conflict of InterestSources report that Sam Bankman-Fried (SBF), the erstwhile crypto magnate and former head of FTX, intends to utilize his newly appointed legal team, despite these attorneys also serving Alex Mashinsky, the former chief of Celsius. On Wednesday, in a courtroom declaration, SBF confirmed his complete understanding that his legal representatives were also advocating for Mashinsky. […]

Go to Source

Ethereum Surpasses $2250 Mark Amidst Deposit Reports By Celsius And FTX

Ethereum, the second-largest cryptocurrency by market capitalization, has surged past the $2250 mark, currently trading at $2266 with a 2% increase over the past 24 hours.  This upward momentum comes despite recent reports indicating significant deposits by Celsius and FTX to centralized exchanges (CEXs). Spotonchain’s on-chain reports reveal that Celsius and FTX collectively transferred $59.06 million in 6 assets to CEXs in the recent hours. Celsius, in particular, moved 22,500 $ETH ($50.78 million) to Coinbase at $2,257, significantly reducing its ETH holdings to around 39,969 $ETH ($90.9 million). Meanwhile, FTX and Alameda withdrew $8.28 million in 6 assets, including $ETH,

The post Ethereum Surpasses $2250 Mark Amidst Deposit Reports By Celsius And FTX appeared first on The Merkle News.

Go to Source