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FTX CEO SBF Denies Attacking Celsius, Says He Only Wants to Help

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© Reuters. FTX CEO SBF Denies Attacking Celsius, Says He Only Wants to Help

    • SBF, the CEO of FTX, faults the Federal Reserve for the crypto crash.
    • Some investors side with SBF and place the blame on the Feds.
    • Others point fingers at SBF for attacking Celsius.

Sam Bankman-Fried, better known as SBF, the CEO of FTX, blames the Federal Reserve for the abysmal crypto downturn. “The core driver of this has been the Fed,” said the tech entrepreneur to NPR.

As the crypto world heads face-first into a massive plummet, there seems to be an ongoing blame game. Furthermore, a major chunk of the crypto world believes that the Federal Reserve is responsible for the downfall. Notably, the Fed is raising interest rates aggressively to fight inflation. “That [raising interests⦎ has led to a recalibration of expectations of risk,” SBF was reported saying.

However, in a surprising twist, there’s another category of people who believe that SBF himself is responsible for this situation, saying that FTX was part of the consortium that attacked Celsius. However, SBF replied to these allegations, stating that they only wanted to help those in the ecosystem.

Lol this is definitely false. We want to help those we can in the ecosystem, and have no interest in hurting them — that just hurts us and the whole ecosystem.

These remarks come at the worst possible time in the crypto sphere. Currently, Bitcoin, the most valued crypto has fallen as low as $17k. Bitcoin had reached its all-time high of $69k just last November.

In 2021 crypto was performing well, attracting investors from all over with its lucrative investing options. FTX even had a super bowl ad starring comedian Larry David that turned out to be a major hit.

However, in just a few months, many of these young investors who took to crypto became penniless. Earlier last week, crypto lender Babel suspended redemptions and withdrawals of cryptocurrency because of unusual liquidity pressures. Babel’s suspensions directly followed Celsius Network’s freezing of withdrawals earlier the same week. Meanwhile, Crypto hedge fund 3AC is also going through its own crisis.

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Cryptocurrency

Ethereum liquidity provider XCarnival negotiates return of 50% stolen ETH

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Ethereum liquidity provider XCarnival negotiates return of 50% stolen ETH

XCarnival, a liquidity provider for the Ethereum ecosystem, recovered 1,467 Ether (ETH) just a day after suffering an exploit that drained 3,087 ETH, worth roughly $3.8 million, from the protocol.

Blockchain investigator Peckshield noticed the XCarnival hack as it came across a stream of transactions that eventually bled 3,087 ETH from the protocol. Explaining the nature of the exploit, Peckshield stated:

Flowchart showing the transfer of the stolen XCarnival funds. Source: Peckshield
ETH wallet balance of the XCarnival hacker. Source: etherscan.io

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Cryptocurrency

Holonus to announce its listing on LBank

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© Reuters Holonus to announce its listing on LBank

Holonus – Blockchain-based Best Ecosystem Platform for Next Generation

Humanity in the coming future will need the economic sphere on the Internet more than ever, like the water, air and food – the most necessary things to live on earth.

In the context of people’s economic activities changing dramatically, such as earning money by playing games and gaining approval, it is essential for a solid base system to be created for people to engage in economic activities in this economic sphere with peace of mind.

Holonus is blockchain-based best ecosystem platform for the next generation with a view to creating an economic zone based on the decentralized autonomous organisation (DAO).

In economic design on the Holonus platform, participants are rewarded when they provide value.

The concept of Decentralized Autonomous Organization is to make sure that all participants receive a fair reward for the value creation they have done. Holonus frees people from a hierarchical structure that is a real-world organizational structure and realizes a true DAO economic zone.

Holonus will list on LBank exchange

On June 27, the project Holonus is going to announce its listing on Lbank with the trading pair HLN/USDT. LBank Cryptocurrency Exchange – is the world’s leading crypto trading platform providing safe and professional services for global crypto users.

Announcement time : June 27th – 4pm UTC+8

Deposit time: June 29th – 4pm UTC+8

Trading start: June 30th – 6pm UTC+8

Withdrawal time: July 1st – 4pm UTC+8

Unique features: The basis for realization of Holonus economic zone

  • Dapps are linked to the Honolus blockchain and users can continuously create the wallet system.
  • Holonus Dapps builder allows all users to easily create blockchain applications with no code. It also enables them to build DApps such as original SNS and games dealing with Holon based on the Holonus blockchain and the wallet
  • Holonus ID allows users to send Holon and NFT in one transaction. Holonus DApps coin, a utility coin used in the Holonus DApps market, can also be sent at the same time.
  • Encryption, division, and decentralized systems provide high-quality functions and enhance better compliance and security beyond traditional databases.

What can we expect from the Holonus project in the upcoming time?

  • Airdrop to win HLN on Twitter (NYSE:TWTR): Holonus: https://twitter.com/holonusOfficial/status/1540671470900494336?s=20&t=3cRnE7B8ErULGkGWQibH2wLBank:https://twitter.com/LBank_Exchange/status/1540243364200808448?s=20&t=JbBLSNHlT7YE9NLttWaZFw
  • AMA on Holonus Official Telegram: June 28, 2022 – 4pm UTC+8https://twitter.com/holonusOfficial/status/1541020549811281920?s=20&t=3cRnE7B8ErULGkGWQibH2w
  • AMA in the official LBank Telegram group: June 30, 2022 – 4pm UTC+8https://twitter.com/LBank_Exchange/status/1541336840971640834?s=20&t=3cRnE7B8ErULGkGWQibH2w

For further information, contact via

  • Website: https://holonus.io/
  • Twitter: https://twitter.com/holonusOfficial
  • Telegram: https://t.me/HolonusBlockchain
  • Linktree: https://linktr.ee/holonus

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BTC price tops 10-day highs as Bitcoin whale demand sees ‘huge spike’

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BTC price tops 10-day highs as Bitcoin whale demand sees ‘huge spike’

Bitcoin (BTC) made the most of weekend volatility on June 26 as a squeeze saw BTC/USD reach its highest in over a week.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView followed the largest cryptocurrency as it hit $21,868 on Bitstamp.

BTC supply held by entities with 1,000-10,000 BTC annotated chart. Source: Games of Trades/ Twitter (NYSE:TWTR)
CME Bitcoin futures 1-hour candle chart. Source: TradingView
Bitcoin monthly returns chart (screenshot). Source: Coinglass

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