Upon writing this, the day is 21st January 2023. Bitcoin's price went up on a relief rally from the bearish bottom market prices, signs of the end of the bear. Price consolidated at its highest price for this year around 21,000 on the 19th now is way more 22,000 consolidation since the 21st, that is today a sign the bearish year is ending. We will see more bullish trends. But beware the turbulence in the law-fare that we have seen with FTX adn the crypto space in general, is not over. The court proceedings are still taking place. New info is being press released to the public all the time right now. For instance here is a title of an article I found that was released today by Daily Mail.
Sam Bankman-Fried's two mystery bail backers agree to sign bonds totaling $700K
In short bonds where revealed in court filing. "in the amounts of $500,000 and $200,000 respectively ", and how he is still out of jail on bail conditions. So we may see more unfolding, revelations of corruption ahead for big name crypto exchanges. I would have to say right now where not out of the woods yet for possibility for any legal prosecutions. It is quite possible that further arrests could take place for any investigated exchange that has verifiable and tangible evidence against them of fraud.
Sorry to be the barrier of bad news guys. Corruption, scamming and fraud are way to common in the crypto space at the moment. The bright-side is that Bitcoin and the crypto space overall will get more interesting as we come out of the bearish trending price's. Plus tonnes of innovation happening this year with A.I innovation, you'd have to be living under a rock if you are into tech and not of heard about ChatGPT by now.
World can be a dangerous place. Be careful.
love and joy.
Namasté