The core of the government’s case is that Bankman-Fried treated Alameda, a trading firm affiliated with the FTX cryptocurrency platform, as a personal ATM machine.

Analysts had on average expected a 12% decline. Operating profit of 2.4 trillion won, was in line with estimates for a 78% fall.

Israel Palestine war Day 4 LIVE Updates: United Nations has called to establish humanitarian corridor into and out of the Gaza Strip, which has been placed under total siege by Israel. Notably, Israel on Monday ordered "complete seizure" on Gaza strip halting water, food, fuel and power supply. Meanwhile, Israel responded with thanks to Indian Prime Minister Narendra Modi after he expressed solidarity with Israel as he spoke with his Israeli counterpart Benjamin Netanyahu on Tuesday. Furthermore, Israel's military claimed to have found bodies of around 1,500 Hamas militants in Israeli territory as it gained effective control in the south and “restored full control” over the border. Besides, Hamas claimed to fight Israeli forces in parts of West Bank on Tuesday. Over 900 have died in Israel and 687 in Gaza, taking toll to 1,587. Several foreign nationals are among those killed and held hostages. Follow LIVE Updates on Israel Palestine war here:

Cyabra, a social media threat intelligence company based in Israel, is actively assisting Israeli security teams in combating the dissemination of misinformation.