DOJ Requests Independent Investigation Into FTX Bankruptcy – December 2

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $16,963

Bitcoin price has started the day in exactly the same place as yesterday, as it appears to be glued to the high end of the $16,000s.

Top-20 altcoins are also trading flat, as Ethereum gains just 1%, BNB remains unchanged and Polkadot is the largest mover with just a 4% rise.

Top Stories for December 2, 2022 πŸ”₯

πŸ‘‰ DOJ Requests Independent Investigation Into FTX Bankruptcy

The Department of Justice (DOJ) has stated that an independent review is necessary in the bankruptcy case of FTX due to allegations of fraud and dishonesty.

Andrew Vara, the U.S. bankruptcy trustee for the case, has said that Sam Bankman-Fried and his team may have mismanaged the company or potentially engaged in fraudulent conduct.

The DOJ is therefore looking to appoint an independent examiner to investigate the events leading up to FTX’s downfall.

πŸ‘‰ Apple Blocks Coinbase Wallet App, Wants 30% Of NFT Fees

Apple has disabled the Coinbase Wallet iOS app after a feature allowing the sending of non-fungible tokens (NFTs) was introduced, according to the exchange.

The tech giant said it wanted gas fees paid through its in-app purchasing system so it could collect 30% of the fee, which Coinbase said was not possible, since Apple’s system doesn’t support cryptocurrency.

Dan Finlay, a MetaMask developer and former Apple software engineer, called Apple’s decision an abuse of its monopoly.

πŸ‘‰ DeFi Platform Ankr To Reimburse Users Following $5M Hack

Decentralized finance (DeFi) protocol Ankr said it will reimburse the users impacted by the $5 million exploit that occurred on its platform earlier Friday.

The attacker exploited a weakness in the code of Ankr, allowing them to mint 6 quadrillion aBNBc tokens. They were then able to convert these tokens into approximately 5 million USDC.

Ankr stated that it would take a snapshot of the situation and reissue ankrBNB to all valid aBNBc holders. The ankrBNB token will continue to be redeemable, but aBNBc and aBNBb will no longer be redeemable.