News Snapshot:
Cryptocurrency isn’t in favor with global authorities right now, to put it mildly. Fallen FTX wunderkind Sam Bankman-Fried sits under house arrest in California, facing a lifetime’s worth of fraud and bribery charges. Do Kwon, the mastermind behind collapsed “algorithmic coins” Terra and Luna, was arrested in Montenegro at the request of his native South Korea. The U.S. Commodity Futures Trading Commission last month charged Binance, the world’s largest crypto bourse, with operating an “illegal” exchange and “sham” compliance.
