Celebs try to escape FTX trial, Instagram model ‘Bitmama’ arrested and Bitcoin’s best month is about to start

0

Last Updated on 6 November 2023 by CryptoTips.eu

There was a lot of new and entertaining crypto news. We have bundled the most important and (of course the most) fun stories below. Actor Larry David, sports legend Tom Brady and supermodel Gisele Bündchen apparently do not really want to appear in the FTX trial (surprise, surprise) and are trying to avoid being called upon.

Over in Moscow, a well-known Instagram model known as ‘Bitmama’ was arrested for a $150 million fraud case and Bitcoin is counting down to October, traditionally the best month for the largest cryptocurrency.

Advertentie.

Tom Brady

A British investor named Sunil Kavuri is the biggest individual victim worldwide of the fall of FTX, Sam Bankman-Fried’s crypto company that went bankrupt last year. Sunvil lost a whopping $2.1 million of his own money. He explained it all in an hour long special on BBC’s Panorama yesterday evening.

The lawsuit against FTX and Sam Bankman-Fried will start within a week. Also indicted are many American celebrities such as actor Larry David, sports legend Tom Brady and supermodel Gisele Bündchen. However, according to Sunil, those celebrities have tried several times to have their names removed from the complaint. It will certainly be interesting next week to see the start.

Bitmama

A Russian blogger and Instagram model named ‘Bitmama’ was arrested in Moscow this weekend for a fraud charge of some 150 million dollars.

Valeria “Bitmama” Fedyakina is accused of setting up a pyramid scheme where she used money from new investors to pay off old investors. The last investor apparently gave her $70 million but never saw his money back. Altogether, she is being sued for a loss of $150 million. Valeria called herself the new ‘cryptoqueen’, but of course you’ll remember that the real ‘cryptoqueen’ made off with larger amounts of cash than that.

Uptober

Currently, the price of Bitcoin is virtually unchanged for the month of September, a month normally very bearish for the largest digital currency.

Good to know that this month is almost over because October is about to start. Traditionally October is so bullish for Bitcoin that it has its own nickname, Uptober, a term which will be trending on X (formerly Twitter) soon.

Profits for Bitcoin in previous years during Uptober: 61% in 2013, 34% in 2015, 48% in 2017, 28% in 2020 and 40% in 2021. So you know what to expect (normally).

mmaxer / Depositphotos.com

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
View all posts