The Thai man was eventually arrested after a six-hour standoff with police, in what police say was domestic violence over bitcoin losses.
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According to the Korea Customs Service report, the value of unlawful foreign exchange transactions made using digital currency was estimated to be worth $4 billion last year.
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The former FTX CEO will remain in jail following three judges with the 2nd U.S. Circuit Court of Appeals calling the arguments behind a motion for release “unpersuasive”.
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