Kevin O'Leary facing backlash

A Shark Tank star has given testimony over FTX's collapse. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Market Activity Total Market Cap $876.10B (-0,43%) 24 Hour Volume $44.18B (+20.43%) Notable Movers[(XDC) $0.02463]( (+5.41%) Notable Movers (DeFi)[(COMP) $39.94]( (+0.97%) Bitcoin Dominance 38,26%[(-1,30%)]( Bitcoin Price[(BTC) $17,420.02 (-3.80%)]( Ethereum Price[(ETH) $1,270.15 (-4.94%)]( Cardano Price[(ADA) $0,3018 (-3.25%)]( Editor's Note Happy Belated Satoshi Disappear Day For the non-Satoshi-obsessed, this week was the last time that Bitcoin creator Satoshi Nakamoto posted publicly on the BitcoinTalk forum. Sure, there are a few other messages that he sent privately to early Bitcoin developers and other cypherpunks, but Monday marked the last real public message from him/her/them. Why is it that 12 years later, we are still talking about Satoshi? Not only did Satoshi Nakamoto invent Bitcoin (which then led to the creation of the crypto industry as we know it today), but Satoshi also accomplished something else very important — total anonymity on the internet. More than a decade after Bitcoin’s creation, no one has any idea who this person really is due to the extreme lengths they went to disguise their identity. And while Bitcoin itself is an invention worth celebrating, and researching Satoshi’s work is a way to understand his achievement, his disappearance also deserves kudos. How many other people do you know in 2022 that would be able to completely hide their identity online forever? No Instagram, Facebook, TikTok…no slip ups anywhere online to connect you to your offline self? Which is why, year and year, those Bitcoin obsessed mark Dec. 12 in their calendars — the day that the inventor of their favorite currency successfully disappeared from the modern world. An accomplishment almost equal in difficulty to the invention of Bitcoin itself! CMC-Community [Join CoinMarketCap Community]( Did you know the CMC has a new social network, just for crypto? 👀Check out what people are posting [here]( [Today’s Top Stories ] Today’s Top Stories Check out [CoinMarketCap Alexandria]( for tech deep dives, analysis, daily news and easy-to-understand guides on how crypto works! [Thursday's CoinMarketRecap podcast!]( 🔥 Listen to all the day's top crypto stories while you're on the move with the CoinMarketRecap podcast. You can find us on [Apple Podcasts]( [Spotify]( and [Google Podcasts]( too! [Kevin O'Leary facing backlash]( 👀 Kevin O'Leary has caused a backlash after claiming that Binance deliberately caused the collapse of FTX. The Shark Tank star was speaking at the Senate Banking Committee. O'Leary was paid $15 million to serve as FTX's spokesperson, and ended up losing all of it after purchasing crypto through the exchange. His statement fails to take into account how billions of dollars in customer funds was misappropriated by FTX and transferred to sister crypto hedge fund Alameda Research. Binance's CEO, Changpeng Zhao, addressed these allegations by retweeting an old thread that slammed O'Leary for making "baseless attacks." Binance is the parent company of CoinMarketCap. [FTX exec tipped off The Bahamas]( 🚨 A senior executive within FTX tipped off the Bahamian authorities about customer funds being used to cover losses at Alameda Research. Ryan Salame, the chairman of FTX Digital, sent information to the Securities Commission of The Bahamas — two days before the doomed exchange filed for bankruptcy. He had warned that the transfers to Alameda "may constitute misappropriation, theft, fraud or some other crime." Salame went on to claim that Sam Bankman-Fried — as well as director of engineering Nishad Singh and FTX co-founder Gary Wang — were the only people with authorization to make such transfers. Since its shock bankruptcy, the commingling of funds between FTX and Alameda Research has become painfully clear. [Nine charged over Ponzi schemes]( 💸 Fresh from charging Sam Bankman-Fried, the Southern District of New York has now set its sights on prosecuting nine people who were allegedly involved in operating two crypto Ponzi schemes. The projects in question were known as IcomTech and Forcount — and later as Weltsys. They claimed to be mining and trading companies, and allegedly deceived victims by promising daily returns — and guaranteeing that any investment would double in six months. But it's claimed that neither company actually engaged in this activity, and funds were used to pay other victims, further promote the schemes, and enrich the founders. Prosecutors claim lavish events were held to entice new customers. Thanks for reading! Have a great day — more news tomorrow! [Facebook]( [Twitter]( [Instagram]( [Telegram]( Written by Molly Zuckerman and Connor Sephton Was this email forwarded to you? [Sign up here](. WANT MORE CRYPTO BITES? [Sign up here]( for Daily Newsletters, Promotions and Events and Prices [ADVERTISE]( | [CAREERS]( | [FAQ]( © 2022 CoinMarketCap [Unsubscribe]( [coinmarketcap.com]( CoinMarketCap OpCo LLC, 8 The Green, STE 6703, Dover, Delaware 19901, United States