Mga Tampok sa Linggo – FTX, QuadrigaCX, Batas ng Brazil, at Iba Pa

It was a busy news week for the digital assets sector with various developments involving the FTX proceedings, wallets waking up, and restructuring plans.  The following are a look at what occurred over this time.

QuadrigaCX Wallets Nagising

While it may be the FTX proceedings that continue to dominate headlines, the most nakakagulat na pag-unlad of the past week involved an exchange that went defunct years ago – QuadrigaCX.

Isang wallet na kaugnay ng palitan, na matagal na inakalang hindi ma-access, ay nagising matapos ang maraming taon ng pagkakatulog.  Nagdulot ito ng malalaking tanong, dahil ito ay eksaktong parehong wallet na aksidenteng pinadalhan ng accounting giant na Ernst & Young ng higit sa 100BTC habang hinahawakan ang mga proseso ng pagkalugi ng palitan noong 2019.  Noon, pinaniniwalaan na tanging ang yumao na CEO ng QuadrigaCX, si Gerald Cotten, lamang ang may access sa wallet.

Sa mga tsismis sa mga nakaraang taon na nagmumungkahi na peke ang kanyang kamatayan, at ang pag-unlad na ito ay nagpapakita na may isang tao na talagang may access sa pondo, muling sumabak ang mga crypto sleuths upang alamin kung sino ang responsable.

Sa kasamaang palad, ang indibidwal na tila may access ay mukhang alam din kung ano ang mga serbisyong ‘mixing’, dahil nagpadala ng malaking bahagi ng BTC sa Wasabi upang takpan ang patutunguhan nito.

With scores of Canadians still owed huge amounts of capital stemming from the collapse of this exchange, expect to hear the name QuadrigaCX again as this saga continues in to 2023.

Mga Pag-unlad sa FTX

Whether it be industry specific sites, or mainstream media, there has been no escaping the FTX drama which has been unfolding as of late.  This past week was particularly notable as it saw the following.

• Si Sam Bankman-Fried ay inextradite sa Estados Unidos
• Si Sam Bankman-Fried ay pinalaya matapos magbayad ng $250,000,000 na bail
• Isang mahabang listahan ng mga kasong inihain ng SEC at CFTC
• Si Caroline Ellison ay pumayag sa plea deal kasama ang SDNY

Looking forward, there appears to be no end in sight for the FTX saga, as the team responsible for overseeing its bankruptcy proceedings are already working to block attempts by companies like BlockFi from being awarded, perceived, rightfully owned assets.  This, combined with a concerted effort to have political parties return donations that were the proceeds of crime, mean that we will be discussing FTX again sooner, rather than later.

Mga Pagkalugi at Plano ng Restructuring

PoW miners have had a rough go as of late, as the price of BTC on the open market has dropped well below the cost of production.  This continued decline throughout the year culminated in the largest publicly traded mining outfit, Core Scientific (CORZ ), filing for its own Chapter 11 Bankruptcy.

Looking beyond the troubles of Core Scientific, clients of Voyager, another company in the midst of its own bankruptcy, were given a glimmer of hope as ipinahayag that Binance.US placed a winning bid to purchase over $1B in assets from the former lending platform.

Batas ng Brazil

Meanwhile, Brazilian President Jair Bolsonaro signed a new bill surrounding the regulation of cryptocurrencies in to law . Within this framework digital assets deemed securities are set to be overseen by the Brazilian SEC. While other cryptocurrencies like Bitcoin fell short of being deemed legal tender, they are now viewed as a legal method of payment throughout the nation.

Ang paglagda na ito ay naglilinaw ng lumalaking trend ng makabuluhang pag-aampon ng mga digital na asset sa Gitna at Timog Amerika. Marami ang nagturo sa patuloy na implasyon at mataas na antas ng remittance bilang pangunahing dahilan nito.

Sa pag-asahang patuloy na tataas ang pag-aampon na ito sa paglipas ng panahon, siniguro rin ng mga regulator na responsable sa nabanggit na batas na isama ang mga bagong kinakailangan para sa mga centralized exchange upang magtakda ng malinaw na linya sa pagitan ng mga asset ng kliyente at ng exchange.