Hello, ApolloXplorer!Have you seen today’s key headlines yet?<h2 id="header-0">#1. SBF arrested with criminal charges</h2>Former FTX CEO Sam Bankman-Fried was arrested on Monday in the Bahamas.Citing an anonymous source, the New York Times reported that U.S. prosecutors have charged SBF with wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy, and money laundering.The U.S. SEC is also preparing to file its case against Bankman-Fried tomorrow.Source: <a href="https://decrypt.co/117060/sam-bankman-fried-criminal-charges-justice-department-sec-conspiracy-wire-fraud" rel="noopener noreferrer nofollow">Decrypt</a><h2 id="header-1">#2. US Judge orders CFTC to serve Ooki DAO founders with lawsuit</h2>A U.S. federal judge, William Orrick, has ordered the CFTC to serve founders Tom Bean and Kyle Kistner with its lawsuit against Ooki DAO.Bean and Kistner founded bZeroX and are token holders in Ooki DAO, which was converted from bZeroX.The CFTC had unprecedentedly charged Ooki DAO, alleging it conducted similar illegal conduct to bZeroX.Orrick wrote that the CFTC needs to serve papers to “at least one identifiable Token Holder” for him to consider if the CFTC has satisfied all of the arguments it needs to in order to serve the DAO.Source: <a href="https://www.coindesk.com/business/2022/12/13/us-judge-in-ooki-dao-trial-orders-cftc-to-serve-original-founders-with-lawsuit/" rel="noopener noreferrer nofollow">CoinDesk</a><h2 id="header-2">#3. Bitcoin Group may acquire Germany&#39;s oldest bank</h2>Crypto holding company Bitcoin Group could buy Bankhaus von der Heydt, one of Europe’s oldest banks.Bankhaus von der Heydt is a privately-owned bank and the first in Germany to offer crypto trading and custody services for institutional customers.Bitcoin Group will pay about $15 million for 100% of Bankhaus’s 150,000 shares upon completion in the third quarter of 2023.It then intends to secure approval from Germany’s financial regulator for a banking license. Bitcoin Group already has one banking license from acquiring the Futurm digital bank.Source: <a href="https://cryptoslate.com/bitcoin-group-set-to-acquire-germans-oldest-bank-for-over-15m/" rel="noopener noreferrer nofollow">CryptoSlate</a><h2 id="header-3">#4. Paxful CEO urges users to move crypto off platform</h2>The CEO of peer-to-peer bitcoin trading platform Paxful, Ray Youssef, told customers to move their BTC off the platform into self-custody.Youssef cited the collapse of FTX as the main reason. He adds that customers are at the mercy of custodians when they keep funds on exchanges.&#34;Bitcoin has given us the chance to finally be in control and we must take it,&#34; Youssef said.Source: <a href="https://www.theblock.co/post/194274/ceo-paxful-tells-customers-get-bitcoin-off-platform" rel="noopener noreferrer nofollow">The Block</a><h2 id="header-4">#5. SushiSwap reveals $30M loss on LP incentives</h2>SushiSwap CEO Jared Grey revealed that the exchange lost $30 million over the past 12 months on incentives for liquidity providers (LPs).SushiSwap currently employs a token-based emission strategy to incentivize LPs, but the current rate is “unsustainable.”Moving forward, Grey plans to rework SushiSwap’s tokenomics so that LPs are no longer subsidized with emissions. He also intends to redesign the entire model of bootstrapping liquidity on the exchange.Source: <a href="https://cointelegraph.com/news/sushiswap-ceo-reveals-dex-lost-30m-on-lp-incentives-this-year" rel="noopener noreferrer nofollow">Cointelegraph</a>--The ApolloX app is available on Apple Store or Google Play <a href="https://apollox.onelink.me/rf4R/newscryptowndl" rel="noopener noreferrer nofollow">here</a>.Stay up to date with ApolloX!<a href="https://t.me/apollox_com" rel="noopener noreferrer nofollow">Telegram</a> |<a href="https://twitter.com/ApolloX_com" rel="noopener noreferrer nofollow"> Twitter</a> |<a href="https://www.facebook.com/ApolloXcom" rel="noopener noreferrer nofollow"> Facebook</a> |<a href="https://www.instagram.com/apollox_com/" rel="noopener noreferrer nofollow"> Instagram</a> | <a href="https://apollox.link/blog-discord" rel="noopener noreferrer nofollow">Discord</a> | <a href="https://apollox.link/blog-APXNewsStation" rel="noopener noreferrer nofollow">ApolloX News Station</a> | <a href="https://coinmarketcap.com/community/profile/ApolloX" rel="noopener noreferrer nofollow">CMC</a>

Crypto News of the Day: SBF arrested with criminal charges, Bitcoin Group to acquire Germany’s oldest bank

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