HomeBitcoin NewsToday's Crypto Recap: A Summary of the Day's Events in the Cryptocurrency...

Today’s Crypto Recap: A Summary of the Day’s Events in the Cryptocurrency World

Recent Crypto Hacks and Investigations: Caitlyn Jenner’s X Account, FTX Bankruptcy Lawyer, and Ether ETF Approval Process

The recent surge in celebrity X account hacks has left the crypto community on high alert, with suspicions growing that influencers and celebrities are being targeted to promote various memecoins. Among the victims is Gigantic-Cassocked-Rebirth (GCR), a well-known cryptocurrency investor, whose X account was compromised to shill tokens like ORDI and Luna2.0.

In a shocking turn of events, American media personality Caitlyn Jenner’s X account was also allegedly hacked to promote a memecoin named “JENNER,” which quickly gained a $27.1 million market cap within hours of its launch. This incident has raised concerns about the security of celebrity X accounts and the potential impact of such hacks on the crypto market.

Meanwhile, an independent investigation into FTX’s bankruptcy lawyer, Sullivan & Cromwell, found that the firm was unaware of the exchange’s dire financial situation before its collapse. The investigation revealed that Sullivan & Cromwell had been misled by FTX and made false statements unknowingly. Despite facing criticism from FTX creditors, the firm remains confident in its pre-petition work for the exchange.

In a separate development, the approval process for spot Ether ETFs by the SEC has raised eyebrows, as it differed from the process for spot Bitcoin ETFs approved earlier this year. While spot Bitcoin ETFs were approved via a committee vote including SEC chief Gary Gensler, spot Ether ETFs were approved by the Trading and Markets Division of the SEC. This discrepancy has sparked speculation within the crypto community about the reasons behind the different approval processes.

As the crypto landscape continues to evolve, the recent events involving celebrity X account hacks, FTX’s bankruptcy investigation, and the approval of spot Ether ETFs highlight the challenges and complexities facing the industry. Stay tuned for further updates on these developing stories.

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