🔍 Crypto News of the Day

1. ⚖️ FTX Trial: Damning Testimonies

The trial of Sam Bankman-Fried, founder of FTX, has revealed damning testimonies. Gary Wang, co-founder of FTX, and Caroline Ellison, former director of Alameda Research, have both pleaded guilty and are cooperating with the prosecutor. They accuse SBF of orchestrating massive financial manipulations, including allowing Alameda Research to borrow up to $65 billion without informing clients or investors. These revelations shed light on questionable internal practices and opaque management within FTX.

2. 🌐 Bitget: Expansion and Controversies

The exchange platform Bitget continues its expansion despite controversies. After securing $10 million in funding in April 2023, Bitget announced a partnership with Advcash and saw the value of its BGB token increase significantly in 2024. However, insider trading allegations have been made against the platform by Indian influencer Evan Luthra, highlighting challenges related to transparency and regulation in the cryptocurrency sector.

3. 🤝 "My Friend Poto": Transparency of Donations via Blockchain

Ryad Boulanouar, co-founder of Nickel, launches "My Friend Poto", a fintech aimed at improving the transparency of donations to charities through a new solidarity currency, the "poto". By using blockchain, this initiative allows donors to track their contributions to their final use, thereby enhancing trust and efficiency in the charitable sector.

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