Meanwhile, former FTX CEO Sam Bankman-Fried remains in custody awaiting a sentencing hearing scheduled for March 28, 2023. Her bail was revoked by Judge Leonard Wexler after government prosecutors alleged Bankman-Fried leaked sensitive diary contents.
These developments come amid a tumultuous period for the cryptocurrency industry, with various platforms hacked and millions frozen due to fraud investigations. Despite these challenges, some positive news has emerged, such as Argentina's election of Bitcoin proponent Javier Milei and progress in spot BTC ETF talks supported by SEC Commissioner Hester Peirce.
The industry is also witnessing new investments flowing into protocols such as Blast L2 despite market uncertainties, demonstrating continued interest and confidence in the potential of blockchain technologies.
