FTX has the great honor of being in the TOP 5 for more than one story. It seems August has been a very busy month for the government authorities. The first story is provided but the The Block. FTX had a banner 2021/2022 and went from 90 million in revenue in 2020 to more than a BILLION in 2021. Sam Bankman-Fried confirmed this in a Twitter post. It’s pretty amazing that a company started in 2019 has done so well so quickly. The FDIC sent a “cease and desist” letter to FTX US and some other firms for making false claims. August has been a very busy month for the government especially in the US. This could be viewed as good news as the Federal Reserve has released guidance for some Crypto Firms and FinTech firms to open access to master accounts. The CEO of Coinbase stated in a recent article that he would shut down ETH Staking if threatened by regulators. South Korea’s (The Korea Financial Intelligence Authority) has sent a stern warning to all those who have transacted on unregistered service providers. The Tornado Cash saga continues and we have a lot to still unpack on this. A developer was arrested. One of the largest ETH Mining Pools has stopped mining blocks with Tornado Cash in them. Dutch Authorities arrested Alex Pertsev on the 12th of August for his part in developing the code used to create Tornado cash. Privacy advocates and his wife staged a demonstration in Germany to bring light to this unprecedented situation. Watch on YouTube