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Local 10 News @ 3pm

The latest local, regional and national news events are presented by the Local 10 News Team along with updated sports, weather and traffic.

A rip current statement in effect for Coastal Broward and Coastal Miami Dade Regions

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Local 10 News @ 3pm

A rip current statement in effect for Coastal Broward and Coastal Miami Dade Regions

FTX


3 hours ago

FTX bankruptcy fees near $20 million for 51 days of work

FTX's top bankruptcy, legal, and financial advisors billed the company more than $19.6 million in fees, according to Tuesday bankruptcy court filings.

cnbc.com
20 hours ago

FTX founder heads to court after judge rejects bail request

FTX founder Sam Bankman-Fried will be in a New York courtroom Thursday for a bail-related hearing despite his lawyers claims that they've settled their differences with prosecutors.

1 day ago

Bitcoin trades around $23,000 after Fed Chair Powell warns that rates could rise further

The cryptocurrency struggled to hold the $23,000 level in the previous session as the rally loses momentum.

cnbc.com

After a tough year for crypto, here's how to handle losses on your tax return

If you lost money in 2022 from the crypto market downturn or a platform's bankruptcy, here's how to handle the loss on your tax return.

cnbc.com

FTX's Sam Bankman-Fried, DOJ tussle over his communications

Federal prosecutors are trying to prohibit FTX founder Sam Bankman-Fried from privately contacting current and former employees of the bankrupt cryptocurrency exchange to prevent potential witness tampering in a criminal case accusing him of bilking investors and customers.

Sam Bankman-Fried tried to influence witness through Signal, DOJ alleges

Sam Bankman-Fried should be barred from encrypted messaging software, the government said, citing possible efforts at witness tampering.

cnbc.com

DCG-owned crypto exchange Luno axes 35% of staff

London-based crypto exchange Luno informed employees Wednesday of the redundancies at 12 p.m. GMT in a livestreamed town hall.

cnbc.com

BlockFi secret financials show a $1.2 billion relationship with Sam Bankman-Fried's crypto empire

Financial documents that were mistakenly uploaded from bankrupt crypto firm BlockFi show a $1.2 billion relationship with FTX and Alameda Research.

cnbc.com

Crypto firms acted like banks, then collapsed like dominoes

Over the past few years, a number of companies have attempted to act as the cryptocurrency equivalent of a bank, promising lucrative returns to customers who deposited their bitcoin or other digital assets.

U.S. seizes $170 million linked to FTX and Bankman-Fried

The money comes on top of $525 million in Robinhood shares the government has seized.

washingtonpost.com

Feds seize almost $700 million of FTX assets in Sam Bankman-Fried criminal case

Federal prosecutors seized nearly $700 million in cash and assets connected to Sam Bankman-Fried, primarily in the form of Robinhood shares.

cnbc.com

Bankman-Fried's lawyers say car hit barricade outside home

A car with three occupants recently drove into a barricade outside the California home owned by Sam Bankman-Fried’s parents.

How a Series of Crypto Meltdowns Is Reshaping the Industry

The history of cryptocurrencies has rarely been dull, but the latest meltdown delivered a series of shocks that shook the foundations of digital assets. A cascade of blowups, including the collapse of a so-called stablecoin in May and the epic unravelling of the FTX crypto exchange in November, left a wave of bankruptcies. The events eroded the trust of more mainstream investors who were eager to capitalize on rising interest in Bitcoin and the vision of decentralized finance. The turmoil has pr

washingtonpost.com

Crypto lender Genesis files for bankruptcy in latest blow to Barry Silbert's DCG empire

Genesis, the crypto lender owned by DCG, filed for bankruptcy protection, the latest collapse to follow FTX's implosion in November.

cnbc.com

FTX’s ‘Scam Bankrupt-Fraud’ broke 'rule number one' when he went on media tour to ‘set the narrative'

In Tucker Carlson's newest documentary on Fox Nation, criminal defense lawyer Louis Gelormino says FTX founder Sam Bankman-Fried broke rule one: stop talking.

foxnews.com

Davos crypto crowd distance themselves from FTX and Sam Bankman-Fried: “It's fraud"

Executives at Davos said the FTX collapse was not a crypto problem but alleged "fraud" by Sam Bankman-Fried.

cnbc.com

Russian cryptocurrency exchange owner, who lives in China, arrested in Miami

Anatoly Legkodymov of Bitzlato Ltd. is charged with conducting an unlicensed money transmitting business and faces up to five years in prison if convicted.

washingtonpost.com

'Scam Bankrupt Fraud': FTX founder used confusing, 'technocratic jargon' to throw off public, investor says

Executive chair of Strive Asset Management Vivek Ramaswamy breaks down the Sam Bankman-Fried FTX scandal in a 'Tucker Carlson Originals' documentary dropping on Fox Nation.

foxnews.com

Crypto is back — in Davos, at least — as redemption tour rolls on

The World Economic Forum’s gathering in Davos has become an unlikely destination for the crypto industry as it tries to raise its profile — and new funds.

washingtonpost.com

Bitcoin has now recovered all its losses since FTX collapsed

Bitcoin's rally has propelled it to fresh highs, as it fully recovers from the losses incurred in FTX's collapse even as the crypto industry braces for tumult.

cnbc.com

Founders of Three Arrows Capital pitch platform for crypto bankruptcy claims

A pitch deck for the project said the marketplace is aiming to go live by the end of February.

cnbc.com

Anthony Scaramucci Invests In Former FTX US CEO’s New Company Showing New Interest In Crypto

In an email shared with Bloomberg, Scaramucci said he would invest his money in the project to show his support for Harrison. “Anthony has been a true mentor and friend to me since I joined the crypto industry two years ago,” Bloomberg quoted Harrison saying in the email. In a series of tweets, Harrison raised concerns about FTX founder Sam Bankman-Fried’s mental health and addiction. In one of his tweets, Harrison said he is looking forward to working with the new partners. KELLY SULLIVAN/BENZINGAFTX bought a 30% stake in SkyBridge Capital in September before the crypto company filed for bankruptcy in November.

thewestsidegazette.com

Scaramucci says SkyBridge can buy back FTX stake this year, alleges SBF 'committed fraud’

SkyBridge Capital can buy back the stake it sold to FTX, founder Anthony Scaramucci told CNBC.

cnbc.com

FTX founder Sam Bankman-Fried denies stealing user funds and repeats claims of solvency in new post

Bankman-Fried repeated several claims which bankruptcy officials and federal regulators have denied or contradicted.

cnbc.com

FTX recovers $5 billion in cash and crypto to repay customers

The collapsed exchange has found more than 9 million accounts; it’s unclear how many will be made whole.

washingtonpost.com

FTX has recovered $5 billion worth of 'liquid' assets, lawyers say

FTX lawyers said they had recovered $5 billion of assets, including cash and crypto, bringing customers closer to recovering from the exchange's collapse.

cnbc.com

FTX's venture backers included Patriots owner Robert Kraft and billionaire Paul Tudor Jones, new filings show

FTX's roster of big-name backers included Paul Tudor Jones and Robert Kraft as well as Tom Brady and Gisele Bündchen.

cnbc.com

'The money is gone': Bahamas tries to turn page after FTX

At a recent celebration of Christmas in the Bahamas, Bishop Lawrence Rolle sang about a half dozen songs, mostly Afro-Caribbean gospel songs.

Jim Cramer's top 10 things Thursday: Strong jobs, Amazon cuts staff

U.S. stock futures accelerate to the downside as bond yields reverse higher.

cnbc.com

FTX Founder Sam Bankman-Fried Pleads Not Guilty To Fraud

Bankman-Fried is accused of stealing customers' money to buy lavish real estate, donate to politicians and make risky trades through his hedge fund.

scrippsnews.com

New Year’s Resolution: bury FTX arena branding fiasco

New Year’s Resolution: bury FTX arena branding fiasco by at MiamiTodayNews.com.

miamitodaynews.com

Sam Bankman-Fried pleads not guilty to fraud and other charges tied to FTX's collapse

The co-founder and former CEO of FTX pleaded not guilty to eight criminal counts related to the spectacular collapse of his crypto exchange.

npr.org

Feds launch FTX task force to recover victim assets, continue probes as Bankman-Fried pleads not guilty

The collapse of crypto exchange FTX led to criminal prosecutions of founder Sam Bankman-Fried and two of his lieutenants in New York federal court.

cnbc.com

FTX founder Sam Bankman-Fried pleads not guilty in criminal crypto case

FTX founder and fallen cryptocurrency guru Sam Bankman-Fried pleaded not guilty through his attorney at his arraignment Tuesday on charges he misappropriated billions, defrauding customers and investors in companies he controlled while allegedly concealing his illegal handling of funds.

washingtonpost.com

Sam Bankman-Fried pleads not guilty to federal fraud charges in New York

FTX founder Sam Bankman-Fried pleaded not guilty to fraud charges in a crypto case built with the cooperation of his lieutenants Caroline Ellison and Gary Wang

cnbc.com

FTX founder Sam Bankman-Fried pleads not guilty to fraud

FTX founder Sam Bankman-Fried has pleaded not guilty in Manhattan federal court to charges that he cheated investors and looted customer deposits on his cryptocurrency trading platform.

Gemini's Winklevoss accuses crypto mogul Silbert of 'bad faith stalling tactics' over frozen funds

Gemini is attempting to recoup $900 million of client funds which it lent to Genesis to generate yields for its interest-bearing Gemini Earn accounts.

cnbc.com

Beware the Dangers of Crypto Regulation

With so many unknowns and the risks of contagion mostly contained, the best policy right now is caution.

washingtonpost.com

The boldest bitcoin calls for 2023 are out — and a 1,400% rally or a 70% plunge may be on the cards

With 2023 almost upon us, some market players have stuck their neck out with price calls for what could be another volatile year.

cnbc.com

FTX's Japanese users will be able to start withdrawing funds from February

FTX Japan says it is developing a system to resume withdrawals through the website of Liquid Japan, a crypto exchange it acquired earlier this year.

cnbc.com

Bahamian regulator says it seized $3.5 billion of FTX crypto assets for 'safekeeping'

The Securities Commission of The Bahamas said it moved $3.5 billion from FTX's Bahamian subsidiary, FTX Digital Markets, into its own digital wallets.

cnbc.com

Beware Crypto Billionaires Boasting Of Audits

Regulators are rightly taking a closer look at the external gatekeepers of the virtual-currency frenzy.

washingtonpost.com

FTX diverted $200 million of customer money for two venture deals that caught the SEC's attention

As Sam Bankman-Fried was using FTX customer money for all sorts of risky trading and lending, he was also making large venture investments.

cnbc.com

'Pharma Bro' Martin Shkreli advises Sam Bankman-Fried on potential prison time, saying he should prepare by listening to rap music and shaving his head

Disgraced FTX cofounder Sam Bankman-Fried was extradited to the US this month after being hit with eight criminal charges.

news.yahoo.com

Sam Bankman-Fried's law professor parents have stuck close by their son through the fallout from FTX's collapse. Here's what we know about them.

Barbara Fried is a poet, biographer, and short-story writer. Joseph Bankman spent time working on charitable projects at FTX.

news.yahoo.com

Bitcoin lost over 60% of its value in 2022—here’s how much 6 other popular cryptocurrencies lost

The cryptocurrency market lost a little over $2 trillion in 2022. Here's how much popular digital coins including bitcoin, ether and dogecoin lost.

cnbc.com

From $250,000 to $10,000 price calls: How market watchers got it wrong with bitcoin in 2022

From Tim Draper to top crypto bosses, the market was awash with pundits predicting new record highs for bitcoin in 2022.

cnbc.com

FTX Founder Sam Bankman-Fried Released On Bail

Bankman-Fried will wait at his parents' home until he goes to trial for swindling investors.

newsy.com

FTX founder Sam Bankman-Fried to be released on $250 million bail

FTX co-founder Sam Bankman-Fried is escorted out of the Magistrate's Court on December 21, 2022 in Nassau, Bahamas. FTX founder Sam Bankman-Fried will be released on $250 million bail in a deal designed by federal prosecutors and Bankman-Fried's defense attorneys, a New York federal judge ruled on Thursday. Bankman-Fried was indicted in the Southern District of New York on eight counts including securities fraud and money laundering. Judge Gabriel Gorenstein said that Bankman-Fried would require "strict" supervision following his release to his parents' home in California. As part of the release, Bankman-Fried would be released into the custody of his parents home.

cnbc.com

FTX founder released to parents on $250m bail

Prosecutors have accused Sam Bankman-Fried of "one of the biggest financial frauds in US history".

bbc.co.uk

FTX founder Bankman-Fried lands in U.S. for first court appearance on Thursday

The cryptocurrency founder faces decades in prison if convicted of fraud.

cbsnews.com

Bankman-Fried execs likely to be freed on bail after FTX fraud pleas

Sam Bankman-Fried's senior executives Caroline Ellison and Gary Wang cut a deal with the government to walk on $250,000 bail for their roles in FTX's collapse

cnbc.com

Thanks to FTX, Regulating Crypto Should Be Easy

The bubble is deflating. A few fixes should keep it from becoming a threat again.

washingtonpost.com

Sam Bankman-Fried is extradited to the U.S. as two former FTX employees turn on him

The 30-year-old is in FBI custody and on his way back to the United States, the U.S. Attorney for the Southern District of New York, Damian Williams, said in a video posted to Twitter late Wednesday.

npr.org

SEC charges two Bankman-Fried colleagues with fraud

Caroline Ellison and Gary Wang helped the former crypto CEO mislead FTX investors and customers, the SEC alleges.

washingtonpost.com

FTX's Gary Wang, Alameda's Caroline Ellison plead guilty to federal charges, cooperating with prosecutors

Simultaneously, the Securities and Exchange Commission released a civil complaint against them both.

cnbc.com

Wyoming bullishly courts crypto, even after collapse of FTX

For decades, Wyoming has sought to escape the boom-and-bust cycles of its fossil-fuel-driven economy.

Associates of FTX founder plead guilty to criminal charges

A federal prosecutor says two associates of Sam Bankman-Fried have pleaded guilty to criminal charges in cooperation deals related to the collapse of the cryptocurrency exchange FTX.

Hearing on FTX founder's extradition to US set for Wednesday

Sam Bankman-Fried will have a hearing Wednesday in a Bahamian court on his possible extradition U.S. in the coming days to face criminal charges related to the collapse of cryptocurrency exchange FTX.

FTX founder agrees to extradition to US, attorney says

Sam Bankman-Fried may be ready to come to the U.S. to face criminal charges related to the collapse of cryptocurrency exchange FTX following a chaotic court appearance in the Bahamas.

FTX paid Miami-Dade $20M for arena naming rights, so what happens to that money?

FTX had slick ads, celebrity endorsements and naming rights at the county-owned arena that was home to the Miami Heat.

Senate crypto hearing yields big claims, possible regulation

Whether increased regulation would have prevented the spectacular collapse of cryptocurrency exchange FTX was fiercely debated at a hearing of the Senate’s banking committee Wednesday.

‘If it sounds too good to be true, it probably is’: FTX founder arrested, denied bail

One of the biggest names in crypto-currency has been placed under arrest.

Miami was once coined the ‘crypto capital’ by its mayor, but how are things looking now?

The crypto-currency world has been shaken following the arrest of Sam Bankman-Fried, the founder of crypto company FTX.

Former FTX CEO Sam Bankman-Fried arrested in the Bahamas

The former CEO of failed cryptocurrency firm FTX Sam Bankman-Fried has been arrested in the Bahamas at the request of U.S. authorities.

Former FTX CEO Bankman-Fried says he will testify to Congress

The former CEO of the failed cryptocurrency exchange FTX said in a tweet Friday that he is willing to testify to Congress next week, but that he will be limited in what he can say and that he “won't be as helpful” as he’d like to be.

$740M in crypto assets recovered in FTX bankruptcy so far

The company tasked with locking down the assets in the failed cryptocurrency exchange FTX said they’ve managed to recover and secure $740 million in assets so far, a fraction of the potential billions that is likely missing from bankrupt company’s coffers.

Miami-Dade asks for right to remove FTX name from Heat arena

Miami-Dade County has asked a federal bankruptcy court for immediate permission to end its naming rights deal with FTX and strip that brand off the arena where the NBA’s Miami Heat play.

Exec who cleaned up Enron calls FTX collapse ‘unprecedented’

The new CEO of the collapsed cryptocurrency trading firm FTX, who oversaw Enron’s bankruptcy, said he has never seen such a “complete failure” of corporate control.

Tom Brady, Larry David, other celebrities named in FTX suit

A host of Hollywood and sports celebrities including Larry David and Tom Brady were named as defendants in a class-action lawsuit against cryptocurrency exchange FTX, arguing that their celebrity status made them culpable for promoting the firm’s failed business model.

House panel to hold hearing on crypto exchange FTX collapse

Lawmakers plan to investigate the failure of FTX, the large crypto exchange that collapsed last week and filed for bankruptcy protection, leaving investors and customers staring at losses that could total in the billions of dollars.

Fed's top financial regulator urges 'guardrails' for crypto

The top U.S. banking regulator at the Federal Reserve is urging Congress to pass legislation that would impose regulation on crypto currencies.

Miami-Dade mayor: FTX paid $20M to county before naming rights deal ended

Miami-Dade County is searching for the next company that will be willing to pay to name the home of the Miami Heat.

Funds vanish at bankrupt crypto exchange FTX; probe underway

Collapsed cryptocurrency trading firm FTX is confirming there was unauthorized access to its accounts just hours after the company filed for bankruptcy protection.

Miami Heat’s home arena will get new name after FTX collapse

The arena where the Miami Heat play will soon have a new name, after the team and Miami-Dade County decided Friday to begin actions to terminate their relationship with FTX on the same day that the cryptocurrency exchange filed for bankruptcy.

After FTX flounders, what becomes of Miami arena naming deal?

Cryptocurrency giant FTX filed for bankruptcy Friday, leaving a number of unanswered questions, including a big one here in South Florida: what will happen to its naming rights deal for Miami’s FTX Arena and the money it was set to pay Miami-Dade County over the next two decades?

F1 team Mercedes suspends sponsorship deal with FTX

Formula One team Mercedes says it has suspended its sponsorship deal with FTX, one of the world’s largest crypto exchanges.

Crypto exchange giant FTX collapses, files for bankruptcy

Embattled cryptocurrency exchange FTX, short billions of dollars, is seeking bankruptcy protection following its collapse this week.

Miami-Dade ‘monitors’ uncertain future of FTX amid $135M arena naming rights deal

The name of the home of the Miami Heat could change sooner than planned if FTX is unable to abide by a deal with Miami-Dade County to pay $135 million over 19 years.

CEO of FTX crypto exchange buys big stake in Robinhood

The CEO of cryptocurrency exchange FTX has bought a 7.6% stake in Robinhood Markets.

Formula 1 Miami 2022: South Beach watch party includes simulator

There is a Formula 1 celebration in South Beach. FTX, the Mercedes-AMG Petronas F1 Team, and IWC Schaffhausen are co-hosting a three-day festival starting on Friday at the beach along Ocean Drive.

Everyone seated at the Miami Heat season opener received a free cryptocurrency NFT

Every fan seated inside of the arena was greeted by a T-shirt by FTX, a U.S.-regulated cryptocurrency platform. However, these weren’t ordinary game-day shirts — each shirt had a scannable QR bar code on the back that, if unlocked, awarded the person with a limited edition, FTX Arena NFT.

FTX’s first real estate partnership will be with E11EVEN Hotel & Residences Miami

FTX, a U.S.-regulated cryptocurrency platform (that is slowly becoming a part of Miami’s vernacular due to becoming the new name of Miami Heat’s arena, FTX Arena), is making headlines once again — the company has announced its first real estate partnership will be with E11EVEN Hotel & Residences Miami.

NBA approves deal to name Miami Heat’s home building FTX Arena

It was two weeks ago when the Miami-Dade County Commission approved the $135 million deal for the next 19 years.

NBA still needs to approve Miami-Dade’s $135M deal with FTX to rename Miami Heat’s home

If the NBA approves a new deal, the AmericanAirlines Arena, also known as the “Triple-A” or AAA, will be the FTX Arena until 2040. The change in naming rights is part of a $135 million deal that Miami-Dade County commissioners approved on Friday. Garcia said that although the motive is related to marketing, FTX put conditions on how the money needs to be spent. Alameda Research, a quantitative trading firm founded in 2017, backs the international cryptocurrency exchange, which is associated with FTX US. Sam Bankman-Fried, the chief executive officer of FTX, released a statement saying the FTX family “is thrilled” about the “partnership” because FTX isn’t just putting a name on an iconic building.

New naming rights agreement for Miami Heat arena gives county $5 million annual increase on old deal

MIAMI – The iconic plane on the roof of American Airlines Arena could soon be a thing of the past. FTX is a leading cryptocurrency exchange that was willing to pay major bucks for the exposure. Local 10 News obtained Miami-Dade County Mayor Daniella Levine Cava’s memo about the change, which shows it is a $135 million naming rights deal. American Airlines was paying about $2 million annually until their agreement expired last year. AdRELATED LINKGet to know FTX: Miami Heat arena close to finalizing new name

Get to know FTX: Miami Heat arena close to finalizing new name

MIAMI – AmericanAirlines Arena is about to be flying away for good. The Miami Heat’s home arena on Biscayne Bay will be renamed FTX Arena, pending approval of the Miami-Dade County Board of County Commissioners at a special meeting Friday. Miami-Dade County, which negotiated the agreement with FTX in coordination with the Heat, announced the agreement in principle of a 19-year partnership Tuesday. The county is expected to get about $90 million over the 19 years after deducting payments to the Heat and other expenses. Ad“The entire FTX family is thrilled to partner with Miami-Dade County and the Heat,” FTX CEO Sam Bankman-Fried said in a statement.

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