• Celsius Network has been accused of running a Ponzi scheme.
• Alameda Research wants to regain funds transferred to Voyager Digital before bankruptcy filing.
• The Sandbox’s SAND token is surging ahead of its token unlock scheduled for Feb. 14.

Celsius Network Accused of Running a Ponzi Scheme

The latest crypto markets in context for Jan. 31, 2023 saw Celsius Network, a bankrupt crypto lender, accused of operating a Ponzi scheme according to an independent examiner for the U.S. Bankruptcy Court in New York.

Alameda Research Seeks Return of Funds Transferred Before Bankruptcy

Alameda Research, a trading firm affiliated with FTX and founded by Sam Bankman-Fried, has filed suit against Voyager Digital seeking the return of $446 million transferred prior to the company’s own bankruptcy filing last July. According to the complaint, Alameda had repaid all outstanding loans at the time Voyager requested their repayment despite some loans not having matured yet.

The Sandbox’s SAND Token Surges Ahead Of Unlock

The price of virtual world The Sandbox’s SAND token is surging ahead of its token unlock scheduled for Feb 14th 2021 as investors anticipate potential gains when tokens become tradable on exchanges following their unlocking date. Past unlocks have seen increases in value due to increased liquidity and demand from traders looking to capitalize on these opportunities.

CoinDesk Market Index (CMI)

As of 7 am ET (11 am UTC) on Jan 31, 2023 the CoinDesk Market Index (CMI) was 1,073 points (-11 .4%), Bitcoin was at $22885 (-252 .6%), Ethereum was at $1574 (-9 .5%) , S&P 500 futures were 4018 .50 points (-14 .0%) and FTSE 100 was 7720 .12 points (-64 .8%).

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