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Disgraced crypto-king Sam Bankman Fried arrested and charged

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The disgraced crypto-king faces life in prison if convicted on all counts

FTX co-founder Sam Bankman Fried has been arrested in the Bahamas less than 24-hours before he said he was going to testify before lawmakers on Capitol Hill remotely.

The disgraced crypto-king faces eight-counts including fraud and money laundering.

Bankman Fried, 30, is accused of diverting money from customers of the cryptocurrency trading platform to Alameda Research, his crypto hedge fund and then used that money for his own personal use.

Federal authorities in New York unsealed the indictment on Tuesday.

Gurbir Grewal from the Securities and Exchange Commission said Bankman Fried was, “Improperly diverting FTX customer funds to his crypto hedge fund Alameda research and his alleged in our complaint he then misused those funds to make undisclosed venture investments, lavish real estate purchases, and large political donations.”

Bankman Fried’s claims about FTX’s sophisticated risk controls and other customer protections were simply bogus. Similarly his representations to FTX investors and trading customers concerning Alameda were also part of that carefully crafted veneer and were similarly false and misleading.”

Meanwhile in Washington D.C. the current FTX CEO John Ray testified on the collapse of the cryptocurrency company before the House Financial Services Committee.

Bankman Fried was supposed to answer lawmakers’ questions about how FTX lost billions of dollars of customers’ money.

Ray became CEO after the company filed for bankruptcy last month.

“The FTX group’s collapse appears to have stemmed from absolute control in the hands of a small group of grossly inexperienced and unsophisticated individuals who failed to implement virtually any of the systems or controls that are necessary for a company entrusted with other people’s money or assets,” Ray said.

Federal officials say Bankman Fried was a flight-risk, so they needed to move quickly. If convicted on all 8-counts— Bankman Fried could spend up to life in prison.

Veronica Dudo is the U.S. Correspondent for Ticker News covering America’s biggest headlines. As an Emmy® Award nominated global journalist, Veronica has traveled across the country and around the world reporting on historical events that connect all citizens. Lauded as an award-winning international journalist, Veronica has executed stellar news coverage for NBC News, CBS News, The Hill, ME-TV Network and AOL. Her stories have highlighted a plethora of topics ranging from breaking news and politics to economic affairs across the USA, European Union, and Asia; cultural affairs; globalization; governance; education; and sustainability.

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More than ten dead after terror attack at Hanukkah event on Bondi Beach

Gunman dead, multiple casualties in shooting at Sydney’s Bondi Beach during Christmas markets, police urge public to avoid area

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Gunman dead, multiple fatalities in shooting at Sydney’s Bondi Beach during Christmas markets, police urge public to avoid area

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In Short:
– Police advise against visiting Bondi Beach following a shooting with multiple victims, including an officer.
– One gunman is dead, another in custody, as emergency services attend to the situation.
Police warn against visiting Bondi Beach after a shooting incident involving multiple victims, including a police officer.

One gunman was shot dead, while another is in custody with emergency services attending to the situation. Multiple casualties have been reported, as civilians assist the injured.

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Panic ensued when gunfire erupted during the busy Bondi Christmas markets. One mother recounted her daughters’ experience as they took shelter after hearing shots.

“They saw the gun and are now hiding in a house,” she said. Her daughter’s message confirmed their safety amid the chaos.

Image of one of the terrorists at Bondi Beach.

“I never imagined a shooting could happen in Bondi,” the mother remarked, reflecting on her disbelief.

Videos surfaced depicting the chaos, showing individuals fleeing as shots rang out. A witness reported hearing at least 12 gunshots.

NSW Police have confirmed two arrests shortly after 7:30pm.

The police statement emphasised that the operation is ongoing and urged people to avoid the area.

The arrested individuals were wearing dark clothing and were shooting towards the beach.

A Prime Minister’s spokesman confirmed the officer was aware of an “active security situation”.

Ongoing Investigation

NSW Police urged the public to avoid the area and seek shelter if in proximity to the incident. Ongoing investigations are taking place as authorities assess the situation.

A local resident captured the scene from their apartment, confirming the arrest of one suspect and the shooting of another.

The alert from police was posted shortly before 7 PM ADST.

First night of Chanukah

Jewish families gathered near the children’s playground overlooking Bondi Beach to celebrate the first night of Chanukah.  The event was hosted by the Chabad Bondi Synagogue and Waverley Council.

A flyer for the 5pm to 9pm event at Bondi Beach park, near the playground, encouraged attendees to join in the celebration.  It invited everyone to bring their friends and families and fill Bondi with joy and light.


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SpaceX IPO could make Elon Musk’s Mars dream a trillion-dollar reality

SpaceX’s upcoming IPO could raise $25 billion and value the company over $1 trillion, igniting investor excitement for Mars missions.

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SpaceX’s upcoming IPO could raise $25 billion and value the company over $1 trillion, igniting investor excitement for Mars missions.


Investors are buzzing as SpaceX gears up for a potential IPO, aiming to raise more than $25 billion, possibly as soon as June. The offering could value the company at over $1 trillion, fueling Musk’s ambitious plans for Mars and beyond.

Despite the high-risk nature of space ventures, demand from retail investors is expected to be strong. Experts predict this IPO could become historic, with the company’s market value potentially soaring past $2 trillion once it launches.

Musk’s unconventional management style hasn’t slowed investor enthusiasm, even amidst regulatory hurdles. The funds raised could also support groundbreaking innovations, including energy-efficient space data centers.

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#SpaceX #ElonMusk #IPO #MarsMission #Investing #StockMarket #TrillionDollar #SpaceTech


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Russia shoots down 280+ Ukrainian drones as Zelenskyy pushes new peace plan

Russia claims 280 Ukrainian drones shot down; Zelenskyy finalizes a new peace proposal amid rising tensions and military clashes.

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Russia claims 280 Ukrainian drones shot down; Zelenskyy finalizes a new peace proposal amid rising tensions and military clashes.


Russia’s Defence Ministry claims it has shot down over 280 Ukrainian drones, with 40 intercepted near Moscow, some targeting the city directly. Emergency services responded to debris, and temporary flight restrictions were enforced at Moscow’s airports amid the attacks.

Meanwhile, President Zelenskyy revealed his team is finalizing a revised 20-point peace proposal, introducing new ideas on territorial control. Ukrainian and American officials are set to consult online, focusing on security guarantees rather than the detailed points of the plan.

As tensions rise, both military clashes and diplomatic efforts continue to shape the future of the conflict. Keep up with the latest updates and expert analysis on these unfolding events.

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#UkraineConflict #RussiaUkraine #Zelenskyy #DroneAttack #PeacePlan #Moscow #WorldNews #TickerUpdates


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