Thailand's Growing Political Instability

 

Paetongtran Shinawatra has been removed from office. The charge was an ethics violation, however upon further analysis there was a political motivation. A phone call with former Cambodian Prime Minister Hun Sen was deemed an ethics violation. Prime Minister Paetongtarn's crime was she criticized the Thai military. The phone call was and discussion was not a serious criminal offense. No evidence exists of acts of treason or conspiracy. The dialogue between two figures was an act of diplomacy and conflict resolution. The removal of another Thai head of state could result in another coup. Thailand's 2006 and 2014 coups demonstrate that the military has more power than a civilian government. The Shinawatras can never govern effectively  due to the interference of the Thai military and the weaponization of the Constitutional Court. Whoever becomes the next prime minister will confront political factionalism, the military, and the attacks from the Constitutional Court. The elites, military, and the monarchy itself do not support a liberal democratic system. Various political parties are fighting to get majorities in the parliament. When neither can obtain dominance, fragile coalition governments are formed. The political impasses are used as a justification for the military to depose the government.  The Pheu Thai Party's strategy is to seek a means of dissolving parliament. Taking this action would be a means of preventing a military coup or deadlock with other political parties.  Thailand has the risk of becoming more like Myanmar and a wider conflict with Cambodia breaking out. The Thai public might want some authoritarianism as an alternative to ineffective government. Snap elections could be coming in the following months, yet this will not resolve domestic and regional challenges.  

The FBI and Department of Justice Assert The Jeffery Epstein Client List Does Not Exist

 

The FBI and Department of Justice announced that the Epstein client list does not exist. To the general public, this seems difficult to believe. For decades Jeffery Epstein had been engaging in sexual violence with the help of  Ghislaine Maxwell. The crimes and number of victims would indicate that both had to keep track of individuals who were active on his properties. The possible explanations are cover-ups or destruction of evidence. The reason that the client list would be hidden is that it contains names of major political figures. Being a prominent financier, Epstein had access to a number of public figures. Politicians, celebrities, and numerous entertainers could have been on the client list. The case is not closed, because it just creates more questions. The video released of Epstein does not reveal much either. The assertion was that Epstein committed suicide. However, the bones broken in his neck did not appear to be caused by hanging. The only way to get answers would be to question Ghislaine Maxwell. Currently serving a 20 year prison sentence, she would have more information about Epstein's criminal activity. The Epstein case further demonstrates why the public does not trust law enforcement agencies. The protection of the upper class and wealthy elite shows how criminal justice is undermined. There could be more powerful public figures that have sex trafficking networks unknown to the public.  

Marine Le Pen Seeks To Appeal The Ban On Running For The French Presidency

 

Marine Le Pen was found guilty of embezzlement. She will not serve any prison time . Two of the custody detainments are suspended, while the other two years will be a status of house arrest. This will require the use of an electronic tag .  Instead Marine Le Pen is prohibited from running in the next French presidential election. The misuse of European Union funds is a serious charge, but the ban on political office is has indications of political partisan motivations. If  Marine Le Pen was such a threat, a harsher prison sentence would have been imposed. The fact that individuals of such a corrupt nature can reach that level demonstrates the weakness of  the European liberal democratic system. This also has another negative consequence. Leaders are going to criminalize their political opponents on both the left and right. As Europe struggles economically, more are going to favor the conservative and far-right political factions. Suppressing political figures or movements is not going to defeat extremist elements within France. Marine Le Pen is seeking an appeal. It is dubious if the ruling can be overturned by 2027. Every attempt Le Pen made to be elected president she failed. The motivation to disqualify her now, might be due to the possibility Le Pen could win. A small number of Le Pen's political competitors also expressed concerns about the ruling. The National Rally Party is going to plot reprisals in reaction to this verdict. The appeals process is going to have legal complexities and opens the debate about the law in relation to political figures. 

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President Yoon Suk Yeol Charged With Insurrection

 

President Yoon Suk Yeol has been charged with insurrection. Prior to this, he was impeached. President Yoon Suk Yeol is the first sitting president to be charged with a crime. Yoon is not the first South Korean president to commit criminal acts. Park Geun-hye was charged with abuse of power and bribery. She would eventually get a pardon. President Yoon Suk Yeol's arrest sparked protest from supporters. Now, there is going to be a trial that will change South Korean politics. The fear is that both opposing political parties will criminalize figures they see as competition. President Yoon Suk Yeol's attempt at imposing martial law was unconstitutional. The actions in December of 2024  are impeachable offenses. The insurrection charge would be easier to prove in court, if it was done to extend his term in office. Taking such action during an election or after the outcome of it would be insurrection. The South Korean Constitutional Court is debating on the impeachment process and if President Yoon Suk Yeol should be removed from office. Under conditions of removal, an election would held in 60 days. South Korea has fallen into a deep political crisis. The trial of Yoon Suk Yeol is polarizing the South Korean public. Even if President Yoon Suk Yeol survives insurrection charges, his future in politics has been damaged. The trial might expose a larger network of corruption and conspiracy in the South Korean government. 

Billionaire Isabel Dos Santos And The Questions Around Her Assets

 

Isabel Dos Santos has been described as "Africa's richest woman." Questions remains about how she generated her wealth and how assets were acquired. The UK has frozen some of her assets, but she has stated her innocence related to criminal activity. Isabel being the daughter of the former Angolan president did have certain advantages. Isabel had investments in numerous banks and one telecommunications firm. President Jose Edurado dos Santos  made her head of Sonangol. This is an important oil firm in Angola. Isabel Dos Santos was removed by the new administration in 2017. Isabel Dos Santos was charged with embezzlement and money laundering by Angolan courts. There is indication that some of these assets were gained through illegal means and a system of nepotism. The  heaight of her fortune was around 2013 to 2015. Isabel Dos Santos has lost some wealth and according to Forbes rankings was removed from their list in 2021. Based on their sources her net work was $1.4 billion in 2020. The asset freezes probably did not make much on an impact. This does not account for hidden funds. Isable Dos Santos is considering running for president of Angola. The intention could be to use the office to enrich herself and reestablish Santos influence in government. The average Angolan does not see a dramatic increase in income, but Isabel used family and government connections to become a billionaire. The MPLA used to support socialism and Marxist-Leninist ideology. The ironic situation is that a billionaire could possibly run for president of Angola. Angola has gone though a similar transformation that China did after the end of Maoism. Isabel Dos Santos is a product of this economic shift.  

Hunter Biden Gets A Presidential Pardon

 

Hunter Biden has gotten a presidential pardon from the Biden administration. President Joseph Biden claimed that he would not give one to his son. The argument was that administration wants to respect the rule of law. This conviction does not apply to members of the Biden family. Hunter Biden has gun charges and has been accused of tax evasion. The criminal justice system favors the powerful, white, and elite class. The reversal was done most likely because of the incoming Trump administration. If Biden remained in the presidential race and won, Hunter Biden would not have faced punishment. Getting a pardon now ensures that Hunter would not face retaliation from the next administration. Hunter Biden might have information related to business operations in Ukraine, which President Biden does not want public. The Democratic Party has attempted to create an image of a humanitarian organization and those who believe in justice. Pardoning Hunter Biden shows a level corruption, white privilege, and criminality similar to that of the Trump administration. Political figures are above the law, but it also includes their families. The presidential pardon is gradually evolving to let criminals go free. The drug charges are the least egregious offense. The War on Drugs criminalized addiction, which is a psychological disorder. Hunter Biden not paying his taxes and business dealings in Ukraine are serious crimes. The US government has grown more corrupt from the presidency to the courts. Few  Democratic senators and congressional representatives have condemned the Hunter Biden pardon. Speculation has circulated that the pardon was done as an expression of anger for the Democratic Party removing Biden as the nominee. President Biden doing the pardon for his son puts the Democratic Party in an awkward  position. The contradiction is one that the Democratic Party will have to confront beyond 2024.   

Walter Cronkite Announces The Death of President John F. Kennedy

 

Walter Cronkite was the host of CBS Evening News from 1962 to 1981. He went on air on November 22, 1963 to announce that President John F. Kennedy was dead. He was assassinated in Dallas, Texas. This news was the most shocking Walter Cronkite reported. Cronkite interviewed President Kennedy in September. During that interview, President Kennedy acknowledged that he was not really a popular figure in the South. The presidential election of 1964 was going to be a challenge. The reason was that the Kennedy administration was shifting its support to civil rights. This divided the Democratic Party. Southern Democrats favored segregation. President Kennedy going to Texas was a security risk for him. Going there was for the sake of Democratic Party unity for the election next year. The assassination happened 61 years ago and there remain unanswered questions. Walter Cronkite never challenged the findings of the Warren Commission. Cronkite never did a journalistic investigation into the matter. Although he was willing to discuss controversies surrounding the criminal investigation, CBS did not go further. Only speculation and theories exist about why President John F. Kennedy was killed. 

President Richard M. Nixon on Hatred

 

It was 50 years ago that President Richard M. Nixon became the first to resign from office. The Watergate scandal damaged his administration and made him lose most of his political support. Richard M. Nixon announced his resignation on August 9, 1974. The burglary and attempted espionage of the DNC offices in the Watergate complex showed that the administration was criminalizing its political opponents. What brought the Nixon administration down was the cover-up and the secrecy surrounding unethical practices. Rather than face impeachment and a trial, Nixon decided to resign from the presidency. Nixon made a farewell address to staff before leaving the presidency. He stated some might despise you as a person, but they win if you hate them back. The sentiment is not wrong, yet it is advice Richard M. Nixon did not follow. The tapes revealed Nixon's racism, prejudice, and disdain for political opposition. It was President Nixon's paranoia and authoritarian tendencies that caused his downfall. 

The Halloween Candy Poisoning Myth

 

The fear that people are passing out poisoned candy is a myth. Parents still are concerned about their children getting poisoned from Halloween candy. The only documented case of a child being killed by poisoned Halloween candy was in 1974. Ronald Clark O' Bryan murdered his son by contaminating his candy with cyanide. The motivation of Ronald Clark was to collect a life insurance policy worth $ 31,000. Law enforcement erroneously thought it was done by a stranger. Despite rare cases of children being poisoned during Halloween, the media created a panic. Parents became terrified, even if the criminal act was not by a random stranger. The majority of crimes that happen on Halloween are either theft or vandalism. Children are at low risk from harm. A random stranger would be caught if they attempted such an act. Assuming they are living at a permanent residence, all an investigator would need to to is retrace the steps of the homes visited. Depending on the number of homes visited it would a large number of suspects. The parents accompanying their children would have seen the faces of those distributing candy. Moral panics are a projection of   anxieties of the public. Regardless of facts, the public will be more responsive to sensationalist news reporting. The hysteria about poisoned candy relates to a myth about Halloween sadism. The myth claims that the holiday sees an increase in crime and depravity. Data does not show that more crime occurs on Halloween. The public continues to believe the Halloween candy poisoning myth, even though criminology discredits it.  

The Culprits Involved In The Trump Assassination Attempts

 

Former President Donald Trump has experienced two attempted assassinations. The culprits were Thomas Matthew Crooks and Ryan Routh. These two had no connection with one another. Thomas Crooks is more mysterious considering there is little information on him. So far, the FBI and Secret Service have not discovered a motive. The investigation is ongoing and Crooks was shot by Secret Service. Ryan Rough remains in custody after the assassination attempt in Florida. Ryan's motivation could be connected to his support for Ukraine. At onetime Routh was a supporter of Donald Trump. However, Rayan Routh became vexed that President Donald Trump was favoring ending the Russia-Ukraine War. Rough was active in recruiting fighters to the front in Eastern Europe. More information has to gathered as the case against Ryan Rough builds. Gun violence has become so prevalent presidential candidates cannot be protected. Despite this, neither candidate has proposed more strict gun control legislation. Vice President Kamala Harris mentioned during the debate that she owned a gun. This should have been condemned by gun  control activists. Ryan Rough had a criminal record and was still able to get firearms. Thomas Crooks did not have a criminal record, which made him harder to track. The assassination attempt would be his first and last crime. Political factionalism and vitriolic rhetoric is creating a dangerous atmosphere in American politics. Mass media also contributes to the growing distrust among American citizens. What Crooks knew it died with him. Ryan Routh will be undergoing a criminal interrogation. Routh's lawyers might try to use an insanity defense to avoid the death penalty or a long prison sentence. No trial date has been set.    

The Status of The 2024 Trump Presidential Campaign

 

The former president Donald Trump has been convicted on 34 counts. This is the first time a former president has been convicted. Many legal questions have been raised. The concern is that the Trump trials creates a system of  using the law to go after political opponents. Donald Trump's most egregious crimes are not even the focus of these trials. There are  indications that he has not paid income taxes for a number of years. During the 2020 presidential election Donald Trump was attempting to reverse the outcome and was engaged  voter suppression. Accusations of racial discrimination have been documented in relation to real estate business.  The classified documents case remains unresolved. Despite these controversies and criminal charges the Trump campaign is gaining momentum. Fund raising has not been harmed by the the Trump trials. According to the RNC and Trump campaign an estimated 300 million has been acquired. The trials have not negatively effected Trump in the polls. The reason Trump maintains a lead is due to economics and immigration. Inflation continues to make the cost of living difficult. The American public wants a solution to migrants and refugees coming from the southern border. President Biden's limited response to the Israel-Hamas War has created more protests. The Biden administration is losing the youth, African American, and Latino vote, which are need to win in 2024. Former president Trump has not been sentenced. If he gets prison time, this will not help the Biden campaign. The appearance of jailing a political opponent demonstrates that the Democratic Party cannot win without intervention of the legal system. The trials should have happened after the 2024 election to prevent them from looking politically motivated. The Trump trials are now just empowering his presidential campaign.     

O.J. Simpson Verdict (1995)

 

The O.J. Simpson trial captivated the American public. Media sensationalism prior and after the trial reached fanatic heights. O.J. Simpson was accused of the murder of Nicole Brown. His second wife was a victim of domestic violence. The athlete, actor, and sports broadcaster became infamous with the trial. This highlighted racial divisions in the United States. The Los Angeles Police Department's racism interfered with the murder case. That was used to discredit the prosecution. The media's racism depicted O.J. as an animal, who terrorized an innocent white woman. This racist trope was common in Reconstruction era America, but got a late 20th century update. So much focus on Nicole Brown, the media seemed to forget that Ron Goldman was murdered. The prosecution could not prove that O.J. Simpson murdered them and he was found not guilty. While most could deduce that O.J. was the culprit, the arguments were not persuasive enough to convince a jury. The verdict in many ways was vengeance for the Rodney King incident in 1992. King was beaten by a group of police officers and they were not charged. Criminal justice in America has either been biased or used to impose a racial caste system. The O.J. Simpson verdict demonstrated the favoritism that the famous and powerful get in a court of law. White rage about the verdict was a projection of racial animosity, rather than a concern about criminal justice. America lives in the illusion of a fair legal system. The O.J. Simpson trial will remain of interest to scholars of  jurisprudence and criminology.    

Former Honduran President Juan Orlando Hernandez's Criminal Conviction

 

Juan Orlando Hernandez has been convicted in a New York criminal drug trafficking trial. Hernandez is not the first Latin American leader to be subject to a US court. Manuel Noriega the military dictator of Panama  was deposed by the United States and imprisoned. Hernandez's circumstances follow a similar pattern. The former president faces up to 40 years in prison. The contradiction is that Juan Orlando Hernandez was considered an ally of the US in their war on drugs. The new York trial only exposes that the United States uses the excuse of gang violence and the war on drugs to control Central America. The US will never go after those who are connected to drug trafficking in the region. The CIA has profited directly from its involvement in the illegal drug trade. The trial demonstrates a violation of Honduras' national sovereignty. If Juan Orlando Hernandez committed most of his crimes in Honduras that is where he should face justice. Since the US backed coup in 2009, Honduras has been unstable. The blowback in the 2020s was a wave of migration from Central America. President Juan Orlando Hernandez also allowed the extradition of drug traffickers. Drug trafficking was not President Hernandez's only offense. He violated the constitution by running for reelection. Accusations of electoral fraud were made, but the United States recognized the government. When his second term was complete, he was arrested in 2022. Once extradited to the United States, the trial got delayed. Juan Orlando Hernandez became a scapegoat for America's failing Central America policy. President Juan Orlando Hernandez's error was that he thought that the US would protect him. Imprisoning South America leaders is not going to stop migration or end the power of drug cartels. Further destabilization only caused more discontent among the Central America population. President Juan Orlando Hernandez was only supported by the United States as a counter to Nicaraguan President Daniel Ortega. When he was no longer useful the support dissipated. The trial got little press coverage in the US, because it connects the American government to a corrupt regime.      

Haitian Prime Minister Ariel Henry Resigns

 

Ariel Henry announced he will resign as prime minister  of  Haiti. This was not so much of a resignation, but an overthrow of an unpopular government . When visiting Kenya about deploying police to Haiti, gang violence escalated. Henry was not elected and was appointed prime minister after the Moise assassination. Haiti has not had elections since 2016. The country might have democratic institutions, but it functions as an authoritarian system in practice. Ariel Henry refused to step down when his term of service expired. Henry currently is in Puerto  Rico. Haiti has been destabilized by US interreference and United Nations missions. The jail break of 4,000 gang members caused a spike in violence. What these gangs could transform into are organized militias and armed groups. Certain gangs are not focused on violent crime, rather aspire to seize power. The G9 Family and Allies might be seeking higher political objectives. Using the term gang would no longer be correct. The United Nations is now planning to sent another mission into Haiti. Presented as a multinational security support mission it is another invasion of the country. Kenya will lead this mission with a force of 1,000 police officers. What it amounts to is police officers acting a substitutes for soldiers. Police are not trained to fight wars or armed groups. Law enforcement differs from peacekeeping missions and military combat. If President William Ruto gets Kenya to commit to this operation it will be a major humanitarian crisis. The involvement of  multiple countries and the UN to stop gangs is puzzling. The United Nations never did missions against MS-13.  Haiti is of interest to US policy for influence in the Caribbean. This explains why the Biden administration did not condemn Prime Minister Ariel Henry. Ariel Henry was denied entry back into the country and by definition exiled. Resignation was not what occurred in reality. The official policy of the transitional government has not been made public. If they do allow for another occupation by the United Nations, public discord will grow.    

Ecuador's Drug Gang War

 

Drug gangs are becoming more powerful in Latin America. The biggest gang Los Choneros has been responsible for car bombings, assassinations, and kidnappings. Much of the spike in violence comes from the shift in drug consumption and the reach of  other cartels from other countries. Peru and Columbia are the largest cocaine producers, but Ecuador was an area of drug transit. When FARC in Columbia demobilized a power void was created. Europe also wanted more drugs from the area. Smugglers saw a business opportunity in drug transit. Mexican and Venezuelan gangs began infiltration in the 2010s. Another powerful drug gang emerged known as Los Lobos. Both Los Choneros and Los Lobos are enemies. The two gangs have a hatred for government. The police are not able to fight all the factions. This is why the military is being deployed in certain regions. The war on drugs in Ecuador has become actual combat. The government has now declared that criminal gangs are terrorist organizations. What this means is the military will takeover more law enforcement duties. The concern becomes an increase in civilian death during anti-criminal gang operations. The military taking on a law enforcement role could open the path to authoritarianism. President Daniel Noboa's solution is to militarize law enforcement and build more prisons. The state of emergency that was declared is a potential threat to the civil liberties of the Ecuadorian citizen. El Salvador is also facing similar challenges. The result is more migration to from South America to North America. Ecuadorians at some point might have to flee the country due to internal armed conflict.    

The Hunter Biden Indictments

 

Hunter Biden has been indicted for multiple counts of tax evasion. This comes as an election year nears closer. The criminal charges that the president's son faces could be used against President Joseph Biden during the presidential campaign. Hunter Biden has been accused of failing to pay taxes and file. Other charges include false tax return and possible evasion of tax assessment. The trials are happening while Republicans are making an attempt to impeach President Biden. According to prosecutors Hunter Biden amassed a total of $7,000,00. The bigger question is if this accumulation of income has links to Burisma or the Chinese private equity fund in which he was employed. Some have made the accusation that President Biden was a part of a conspiracy in relations to his son and business in Ukraine. So far, there is little evidence that the president has connections to Hunter's criminal charges. If the president did have a connection to the business dealings related to Burisma it would harm his chances of reelection. Although the trials are on going, the fact Hunter Biden's legal team requested a plea deal is suspicious. Hunter Biden would most likely not see prison time. Depending on the court dates, if Joseph Biden is still president Hunter could get a pardon. The indictments were made in the states of California and Delaware meaning court dates will differ. Hunter Biden could face up to 17 years in prison if found guilty of the recent charges.  

Haiti Could Be Invaded By Kenya

 

An African nation could be invading a Latin American country. The United States has convinced Kenya to sign a defense agreement to deploy troops in Haiti. The justification of  stopping gang violence and lawlessness has been used for an invasion. US Defense Secretary Lloyd Austin signed the agreement with Kenya's Defense Minister Aden Dulae. Kenya would be leading the mission into Haiti. The multinational force is not about restoring order or human rights protection. The United States is using other nations to be regional enforcers in Latin America. The intent is to keep an unpopular regime in power. Prime Minister Ariel Henry requested assistance from the international community to save his government. The United Nations has been supportive of military intervention. All the the UN missions in Haiti have left the country in a worse condition. The reason military intervention has not occurred sooner is because few countries want to volunteer. The only way to stop a military strike is if the UN Security Council does not approve a mandate. The way of hiding imperial designs is by having Global South nations engage in most of the fighting. The optics of  European countries occupying Haiti would increase suspicion of intent. Kenya has been involved in missions in Kosovo, Somalia, and the Democratic Republic of the Congo. This is why the US reached out to Kenya. The interest in Haiti is in the untapped naturals resources in its territory. Iridium and gold are present in the country. Haiti has oil, but all of the sites are not fully explored. Natural gas potential has not been unlocked either. The reason Haiti is attacked by various nations is due to its wealth. Destabilization, corrupt government, and foreign occupation hinder economic development. A Kenyan led military mission will cause another humanitarian crisis in which Haiti cannot not recover from. What Kenya does in Haiti could cause controversy on the African continent itself.      

Hun Sen Will Hand Power To Hun Manet

 

Hun Sen is one of the longest serving heads of state in the world. The longtime Cambodian prime minister made the announcement he will resign. Hun Sen's son Hun Manet will be his successor . This was a surprise considering that the Cambodian People's Party has remained dominant. The election victory has been questioned as many cite the political opposition was unable to operate. A 38 year reign of Hun Sen continued enabled by an autocratic state apparatus. The National Rescue Party was in no position to challenge the rule of the Hun family. Prime Minister Hun Sen will not retire from public life. He will maintain involvement in the government. The National Election Committee has the ability to prevent certain political parties from running. Hun Manet has an advantage coming into office. He is chief of Cambodia's army. This means the military has loyalty to him and can be used to suppress revolts. Cambodia's political system resembles that of Thailand and North Korea. The military has large amounts of influence in Thailand. North Korea has a dynastic system of succession under a one party state. Countries like Syria, Togo, and Chad share this trait even though they are not monarchies. Hun Sen's term is five years, but he did not specify a date for the transfer of power. No specific reason was made public for making the change. Laos and Vietnam are going to have more interest in what happens in Cambodia. Myanmar might find an ally in a Hun Manet regime.   

The Resignation of Silvio Berlusconi (2011)

 

Silvio Berlusconi's leadership will be remembered for scandals and the criminal intrigues that surrounded the Italian government. His influence was vast due to his immense wealth and ownership of Italian media outlets. Berlusconi was one of the longest serving Italian prime ministers, but with the global financial crisis public opinion turned against him. The fiscal austerity measures imposed on the Italian public represented the injustice of the neoliberal economic system. Scandals involving fraud, sex crimes, and government corruption could no longer be ignored. What was apparent was that Silvio Berlusconi was using government to protect his businesses and enrich himself further. His net worth was estimated to be $6.8 billion. Some sources claim it was closer to $7 billion at the time of his death. Berlusconi amassed wealth as a property developer and media company founder. The establishment of Fininvest and Telemilano gave him more power over the media by buying up other TV cable companies. By 2012, Silvo Berlusconi was charged with tax evasion by a Milan court. Accusations of sex crimes  also were made public, but the charges were dropped. Silvio Berlusconi was never incarcerated for his crimes. It was a reminder that the upper class elite are protected by a corrupted criminal justice system. With all the offenses made public Berlusconi was forced to resign. 

The Status of FTX

 

The FTX scandal is not over. Further fallout is happening with the crypto exchange business. FTX has recovered a total of $7.3 billion. Former CEO Sam Bankman-Fried faces multiple charges and insists his innocence. Current CEO John Ray stated the major problem under Bankman-Fried was poor accounting and improper fund transfers. The rescue plan with Binance did not come through. Simultaneously, traders removed a total of $6 billion from FTX. That development forced the crypto exchange to file for bankruptcy. At the moment, FTX appears to be in disarray. FTX might be resurrected in some form. Customers and investors might not be so trusting of the new FTX brand. Due to the bankruptcy case, customers cannot get access to their deposits. Japanese customers can get to their deposits, because there are more regulations for cryptocurrency.  A relaunch would require a significant capital investment. FTX has an obligation to repay all its customers effected by the scandal. The FTX scandal reveals that there is a need for more regulation for crypto exchange. Otherwise fraud will become prevalent. Cryptocurrency was suppose to be a means of challenging the private central banking system. This form of currency is struggling to be widely accepted. The FTX scandal has caused skepticism about cryptocurrency. FTX intends to implement a Chapter 11 plan. Under this law of the Bankruptcy Code  a company must reorganize and pay creditors overtime. The process has not yet been approved. Criminal investigations are ongoing related to fraud. FTX might not be revived with a combination of criminal charges and financial instability.