U.S. banking crisis deepens

The FBI wants the public to be more vigilant about crypto scams ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Market Activity Total Market Cap $1.13T (+5,07%) 24 Hour Volume $77.74B (+1.93%) Notable Movers[(BNB) $335.43]( (+7.77%) Notable Movers (DeFi)[(STX) $1.06]( (+15.86%) Bitcoin Dominance 45,15%[(+0,61%)]( Bitcoin Price[(BTC) $26,601.00 (+6.99%)]( Ethereum Price[(ETH) $1,742.00 (+5.09%)]( Cardano Price[(ADA) $0,3388 (+3.99%)]( [Today’s Top Stories ]( Today’s Top Stories [Influencers sued for endorsing FTX…]( 🚨 Nine top crypto influencers are being sued for their endorsements of FTX — to the tune of $1 billion. It's alleged they promoted the now-bankrupt exchange, and yield-bearing Earn accounts, without disclosing how much compensation they received. Those behind the class action lawsuit believe it "may be one of the only avenues for any of the victims to recover any of their damages." One of those named in court filings, Kevin Paffrath, allegedly earned $2,500 anytime he mentioned FTX — and he's since described his sponsorship deal as a "disgrace" and a "scar." In a video, he had added: "If I could go back I would change it, because people got hurt because of that. I feel so terribly about that. People got hurt because of FTX and it's a disgrace." […as scale of payments to SBF revealed]( 💰 Meanwhile, FTX's new management has claimed that Sam Bankman-Fried pulled $2.2 billion in payments and loans out of his companies. Meanwhile, a further five top executives took $1 billion between them. This was partly possible because of what new CEO John Ray calls "a complete failure of corporate controls." In an industry long accused of being male dominated, the only woman on the list — Alameda Research CEO Caroline Ellison — took home just $6 million, far less than anyone else. Some $587 million went to FTX's then head of engineering Nishad Singh, with Gary Wang getting $246 million and Ryan Salame $87 million. Staggeringly, this figure does not include $240 million spent on luxury properties in The Bahamas, and political and charitable donations. [Crypto investment scams 'skyrocketing']( 📈 The FBI saw a big jump in crypto investment scams last year, jumping from $907 million in 2021 to $2.57 billion last year. Worse still, these types of scams accounted for 77% of all incidents reported to the Internet Crime Complaint Center. In a new warning to the public, the FBI says: "Crypto investment scams saw unprecedented increases in the number of victims and the dollar losses to these investors. Many victims have assumed massive debt to cover losses from these fraudulent investments." More than 31,000 such crimes were reported, with people aged 30 to 49 the most common victims. Among the most frequent schemes were those focused on liquidity mining, hacked social media and celebrity impersonations. [DAO wins bid to buy Scottish golf course]( ⛳️ A DAO formed by people whose passions lie at the intersection of crypto and golf has proved you can buy a million-dollar Scottish golf course by selling NFTs. LinksDAO, a crypto-centric community of some 5,400 golfers, submitted the winning bid for the Spey Bay Golf Club, designed in 1907 by the noted golf course architect Ben Sayers. Founded in late 2021 at the height of the crypto bull market, LinksDAO raised what was then $10.5 million worth of ETH by selling NFTs that provide two levels of membership — Global and Leisure. These provide varying levels of governance votes and the right to buy individual or family memberships in the actual golf courses purchased — Spey Bay being the first, assuming the deal closes. [U.S. feels the heat over crypto policy]( 👀 The Blockchain Association has submitted Freedom of Information Act requests to the Federal Reserve and the FDIC — seeking "documents and communications involving the de-banking of crypto firms in the United States." All of this follows the dramatic collapse of Silvergate, Silicon Valley Bank and Signature Bank. Head of policy Jake Chervinsky tweeted: "There are troubling reports of crypto companies having their bank accounts closed, often with no notice and no explanation. They've struggled to open new accounts too. This disturbing trend suggests that regulators are trying to cut crypto entirely out of the banking system." A high-ranking congressman has also accused regulators of using the crisis to "choke off digital assets." Thanks for reading! Have a great day — more news tomorrow! [Facebook]( [Twitter]( [Instagram]( [Telegram]( Brought to you with❤️ from CMC 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]( © 2023 CoinMarketCap [Unsubscribe]( [coinmarketcap.com]( CoinMarketCap OpCo LLC, 8 The Green, STE 6703, Dover, Delaware 19901, United States