Stem donor meets recipient at Florida Gulf Coast UniversityCCSO ‘Shop with a Cop’ event spreads holiday cheer
FORT MYERS Stem donor meets recipient at Florida Gulf Coast University An FGCU student is giving the gift of life this holiday season. FGCU senior Zoe Horowitz met the person who received her stem cell donation.
PORT CHARLOTTE CCSO ‘Shop with a Cop’ event spreads holiday cheer Charlotte County Sheriff’s Office deputies spent time helping kids pick out gifts for their families during the annual Shop with a Cop event.
CLEWISTON Caught on camera: Explosion in hotel parking lot in Clewiston There was an explosion in the parking lot of a Holiday Inn in Clewiston on Wednesday.
PUNTA GORDA Punta Gorda leaders outline plans for Gilchrist Park repairs Gilchrist Park is closed, and Punta Gorda city leaders have been discussing possibly restoring the park.
NORTH NAPLES Airman surprises 6-year-old daughter at school for the holidays after ten months of service in Kuwait After almost a year of service in Kuwait, one airman came home for the holidays and surprised his daughter.
FORT MYERS Breaking down the Lee County Sheriff’s Office budget The Lee County Sheriff’s Office and Sheriff Carmine Marceno have been under scrutiny since a federal investigation on potential money laundering began. Many have questioned LCSO’s spending, so we broke down the budget.
How to protect yourself from thieves this holiday season On Cyber Monday, Americans spent $13 billion, which will translate into many packages on doorsteps this holiday season.
FORT MYERS Bishop Verot QB Carter Smith signs with Wisconsin Bishop Verot quarterback Carter Smith signs to play college football for the Wisconsin Badgers on early Signing Day.
WINK NEWS SWFL stars ink with Power 4 programs during Early Signing Period Several Southwest Florida football standouts are taking their talents to the Power 4 gridirons after signing during the Early Signing Period.
Beloved Charlotte County man killed outside home, investigation ongoing A man loved by his peers and his community was taken away from them in the middle of the night at his own home.
FORT MYERS BEACH The Lani Kai Resort reopens on Fort Myers Beach An iconic spot on Fort Myers Beach is back open and taking reservations for the first time since Hurricane Ian.
Gov. DeSantis being considered for defense secretary Will Ron DeSantis be your governor in 2025, or is he headed to Washington?
NAPLES Naples votes to remove fluoride from tap water The Naples City Council has voted to remove fluoride from its tap water.
Red meat linked to health complications Doctors with the Cleveland Clinic are researching a link between eating red meat and increased risk of heart attack and stroke.
LEHIGH ACRES Lehigh Acres man arrested on 10 counts of possession of child sexual abuse material The Florida Department of Law Enforcement has arrested a 71-year-old Lehigh Acres man on 10 counts of possession of child sexual abuse material.
FORT MYERS Stem donor meets recipient at Florida Gulf Coast University An FGCU student is giving the gift of life this holiday season. FGCU senior Zoe Horowitz met the person who received her stem cell donation.
PORT CHARLOTTE CCSO ‘Shop with a Cop’ event spreads holiday cheer Charlotte County Sheriff’s Office deputies spent time helping kids pick out gifts for their families during the annual Shop with a Cop event.
CLEWISTON Caught on camera: Explosion in hotel parking lot in Clewiston There was an explosion in the parking lot of a Holiday Inn in Clewiston on Wednesday.
PUNTA GORDA Punta Gorda leaders outline plans for Gilchrist Park repairs Gilchrist Park is closed, and Punta Gorda city leaders have been discussing possibly restoring the park.
NORTH NAPLES Airman surprises 6-year-old daughter at school for the holidays after ten months of service in Kuwait After almost a year of service in Kuwait, one airman came home for the holidays and surprised his daughter.
FORT MYERS Breaking down the Lee County Sheriff’s Office budget The Lee County Sheriff’s Office and Sheriff Carmine Marceno have been under scrutiny since a federal investigation on potential money laundering began. Many have questioned LCSO’s spending, so we broke down the budget.
How to protect yourself from thieves this holiday season On Cyber Monday, Americans spent $13 billion, which will translate into many packages on doorsteps this holiday season.
FORT MYERS Bishop Verot QB Carter Smith signs with Wisconsin Bishop Verot quarterback Carter Smith signs to play college football for the Wisconsin Badgers on early Signing Day.
WINK NEWS SWFL stars ink with Power 4 programs during Early Signing Period Several Southwest Florida football standouts are taking their talents to the Power 4 gridirons after signing during the Early Signing Period.
Beloved Charlotte County man killed outside home, investigation ongoing A man loved by his peers and his community was taken away from them in the middle of the night at his own home.
FORT MYERS BEACH The Lani Kai Resort reopens on Fort Myers Beach An iconic spot on Fort Myers Beach is back open and taking reservations for the first time since Hurricane Ian.
Gov. DeSantis being considered for defense secretary Will Ron DeSantis be your governor in 2025, or is he headed to Washington?
NAPLES Naples votes to remove fluoride from tap water The Naples City Council has voted to remove fluoride from its tap water.
Red meat linked to health complications Doctors with the Cleveland Clinic are researching a link between eating red meat and increased risk of heart attack and stroke.
LEHIGH ACRES Lehigh Acres man arrested on 10 counts of possession of child sexual abuse material The Florida Department of Law Enforcement has arrested a 71-year-old Lehigh Acres man on 10 counts of possession of child sexual abuse material.
The FTX logo appears on a home plate umpire’s jacket at a baseball game with the Minnesota Twins on Sept. 27, 2022, in Minneapolis. The imploding cryptocurrency trading firm FTX is now short billions of dollars after experiencing the crypto equivalent of a bank run. (AP Photo/Bruce Kluckhohn, File) The imploding cryptocurrency trading firm FTX is now short billions of dollars after experiencing the crypto equivalent of a bank run. The exchange, formerly one of the world’s largest, sought bankruptcy protection last week, and its CEO and founder resigned. Hours later, the trading firm said there had been “unauthorized access” and that funds had disappeared. Analysts say hundreds of millions of dollars may have vanished. The unraveling of the once-giant exchange is sending shockwaves through the industry. Here’s a look at the company’s collapse so far: WHY DID FTX GO BANKRUPT? Customers fled the exchange over fears about whether FTX had sufficient capital, and it agreed to sell itself to rival crypto exchange Binance. But the deal fell through while Binance’s due diligence on FTX’s balance sheet was still pending. FTX had valued its assets between $10 billion to $50 billion, and listed more than 130 affiliated companies around the world, according to its bankruptcy filing. FTX and dozens of affiliated companies — including founder Sam Bankman-Fried’s hedge fund, Alameda Research — filed the bankruptcy petition in Delaware on Friday. The week’s developments marked a shocking turn of events for Bankman-Fried, who was hailed as somewhat of a savior earlier this year when he helped shore up a number of cryptocurrency companies that ran into financial trouble. He was recently estimated to be worth $23 billion and has been a prominent political donor to Democrats. WAS IT HACKED, TOO? FTX confirmed Saturday there had been unauthorized access to its accounts, hours after the company filed for Chapter 11 bankruptcy protection. A debate formed on social media about whether the exchange was hacked or a company insider had stolen funds — a possibility that cryptocurrency analysts couldn’t rule out. Exactly how much money is involved is unclear, but analytics firm Elliptic estimated Saturday that $477 million was missing from the exchange. FTX’s new CEO John Ray III said it was switching off the ability to trade or withdraw funds and taking steps to secure customers’ assets. IS MY BITCOIN SAFE? People who own bitcoin should be OK if they keep them off exchanges such as FTX that effectively work as a “crypto-casino gambling website,” said Cory Klippsten, the CEO of financial services firm Swan Bitcoin. “Any exchange is a security risk,” said Klippsten. Some are more reputable than others, but he said a better option is to take control of your digital assets. “With bitcoin, you have the option to take self-custody and take your coins off the exchange,” he said. IS FTX UNDER INVESTIGATION? The Royal Bahamas Police Force said Sunday it is investigating FTX, adding to the company’s woes. The police force said in a statement Sunday it was working with Bahamas securities regulators to “investigate if any criminal misconduct occurred” involving the exchange, which had moved its headquarters to the Caribbean country last year. IS ANYONE ELSE INVESTIGATING? Even before the bankruptcy filing and missing funds, the U.S. Department of Justice and the Securities and Exchange Commission began examining FTX to determine whether any criminal activity or securities offenses were committed, according to a person familiar with the matter who spoke to The Associated Press last week on condition of anonymity because they could not discuss details of the investigations publicly. WHAT ARE THE REPERCUSSIONS? Companies that backed FTX are writing down investments, and the prices of bitcoin and other digital currencies have fallen. Politicians and regulators are calling for stricter oversight of the unwieldy industry. FTX said Saturday that it was moving as many digital assets as can be identified to a new “cold wallet custodian,” which is essentially a way of storing assets offline without allowing remote control. FTX had entered into a number of sports-related deals, some of which are crumbling. The NBA’s Miami Heat and Miami-Dade County decided Friday to terminate their relationship with FTX and will rename the team’s arena. Earlier Friday, Mercedes said it would immediately remove FTX logos from its Formula One cars.