Hello, ApolloXplorer!Have you seen today’s key headlines yet?<h2 id="header-0">#1. Judge bans SBF from contacting FTX employees and using Signal</h2>A New York judge has prohibited Sam Bankman-Fried from contacting any former or current employees of Alameda Research or FTX.He has also been prohibited from using Signal or other encrypted messaging applications.This comes after federal prosecutors filed a letter with the court on Friday asking for the former FTX CEO&#39;s bail conditions to be amended. Prosecutors claimed that Bankman-Fried had reached out to at least one employee to allegedly attempt to influence his future witness testimony.Source: <a href="https://www.coindesk.com/policy/2023/02/01/judge-bans-sam-bankman-fried-from-contacting-ftx-employees-and-using-signal/" rel="noopener noreferrer nofollow">CoinDesk</a><h2 id="header-1">#2. 72% of institutional traders are crypto-skeptical this year</h2>72% of institutional e-traders have signaled “no plans to trade crypto/digital coins” in 2023, according to a new survey conducted by JPMorgan.JPMorgan surveyed 835 traders from 60 different “global locations” between Jan. 3 to Jan. 23, 2023.Only 14% of respondents said they will either continue to trade in the digital asset market or begin trading this year.The remaining 14% of respondents said they don’t plan on investing this year but may do so within the next five years.Source: <a href="https://cointelegraph.com/news/72-of-institutional-traders-are-crypto-skeptical-this-year-jpmorgan" rel="noopener noreferrer nofollow">Cointelegraph</a><h2 id="header-2">#3. Bithumb owner arrested in South Korea</h2>The suspected real owner of South Korea’s largest crypto exchange Bithumb has been arrested.According to local media reports, Kang Jong-hyun was arrested on charges of alleged embezzlement. He is the elder brother of Kang Ji-yeon, the head of Bithumb affiliate Inbiogen.According to prosecutors, the brothers colluded to embezzle corporate funds and manipulate stock prices of Inbiogen and video production firm Bucket Studio through the issuance of convertible bonds.Source: <a href="https://cointelegraph.com/news/bithumb-owner-arrested-in-south-korea-over-alleged-embezzlement" rel="noopener noreferrer nofollow">Cointelegraph</a><h2 id="header-3">#4. Meta’s Metaverse division loses $13.72B in 2022</h2>Meta’s metaverse-focused division, Reality Labs, lost $4.28 billion in 2022’s final fiscal quarter.Reality Labs designs hardware and software for VR and AR experiences, including the Quest virtual reality headset and the Horizon Worlds metaverse project.The division’s total 2022 losses amount to $13.72 billion. It only achieved $727 million in revenue in the final months of 2022.Source: <a href="https://decrypt.co/120396/zuckerbergs-metaverse-division-reality-labs-lost-13-billion-in-2022" rel="noopener noreferrer nofollow">Decrypt</a><h2 id="header-4">#5. BonqDAO exploited for $88M</h2>Crypto protocols BonqDAO and AllianceBlock have been exploited for approximately $88 million due to an exploit in one of BonqDAO&#39;s smart contracts.The hacker has converted about $1.2 million worth of stolen tokens into ETH and stablecoins, but is having trouble converting the entire amount due to illiquidity.AllianceBlock is working on a resolution to compensate affected albt holders.BonqDAO is a non-custodial borrowing and lending platform. AllianceBlock is a decentralized crypto infrastructure platform.Source: <a href="https://www.theblock.co/post/207799/bonqdao-exploited-for-88-million-allianceblock-tokens-stolen-during-the-exploit" rel="noopener noreferrer nofollow">The Block</a>--The ApolloX app is available on Apple Store or Google Play <a href="https://apollox.onelink.me/rf4R/cmccommunity" rel="noopener noreferrer nofollow">here</a>.Stay up to date with ApolloX!<a href="https://t.me/ApolloX_Finance" rel="noopener noreferrer nofollow">Telegram</a> |<a href="https://twitter.com/ApolloX_Finance" rel="noopener noreferrer nofollow"> Twitter</a> |<a href="https://www.facebook.com/ApolloXFinance" rel="noopener noreferrer nofollow"> Facebook</a> |<a href="https://www.instagram.com/apollox_finance/" rel="noopener noreferrer nofollow"> Instagram</a> | <a href="https://apollox.link/blog-discord" rel="noopener noreferrer nofollow">Discord</a> | <a href="https://coinmarketcap.com/community/profile/ApolloX" rel="noopener noreferrer nofollow">CMC</a>

Crypto News of the Day: Judge bans SBF from encrypted messaging apps, Bithumb owner arrested in South Korea

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