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Bankman-Fried Trial to Feature Customer, Investor, and Co-Conspirator Testimony
2.10.2023
In a letter to the judge published Saturday, prosecutors laid out plans to call customers, investors, and co-conspirators to testify in next week’s trial of Sam Bankman-Fried. The former CEO of cryptocurrency exchange FTX faces charges of fraud and conspiracy for allegedly misusing customer...
Effective altruism fueled SBF’s ‘ridiculous’ actions at FTX: Ex-Alameda engineer
2.10.2023
"No sane person would make those decisions,” says a former engineer at Alameda Research about what ultimately led to the collapse of Sam Bankman-Fried's crypto empire
Former US President Donald Trump May Change Crypto Stance Dramatically, Says Ex-SEC Official
1.10.2023
The U.S. Securities and Exchange Commission’s former head of internet enforcement says former U.S. President Donald Trump’s anti-crypto stance may change dramatically. He further predicted that if a Republican is elected U.S. president, a Republican-appointed SEC chair would, at...
‘I Won’t Tell if You Don’t’ — SEC Unearths Alleged Scheme by Do Kwon to Fabricate Terra Transactions
1.10.2023
In the wake of the U.S. Securities and Exchange Commission’s (SEC) call to depose Terraform Labs creator and former CEO Do Kwon, the SEC unveiled an alleged exchange between him and his former associate Daniel Shin. The ex-Terra boss reportedly claimed he could fabricate transactions on...
Former Three Arrows Capital Executive Su Zhu Arrested in Singapore
29.9.2023
Su Zhu, a founding member of the now-insolvent Three Arrows Capital, was apprehended in Singapore at Changi Airport on Friday, as per the firm’s liquidator, Teneo. Zhu received a four-month prison sentence for failing to cooperate in the bankruptcy proceedings, Teneo revealed. Crackdown...
Venezuelan Crypto Watchdog Sunacrip Extends Restructuring Period; Community Asks for Clarity
29.9.2023
The Venezuelan government has officially announced the extension of the restructuring period for Sunacrip — the national cryptocurrency watchdog — by six months more due to the link of its former head with a corruption scheme. Asonacrip, a national crypto association, is asking Sunacrip to open...
Do Kwon’s Defense Declares SEC’s Deposition Request ‘Impossible’ Amid Ongoing Detention Saga
28.9.2023
The legal team defending Do Kwon, the co-founder and former CEO of Terraform Labs, argues that the U.S. Securities and Exchange Commission (SEC) lacks the capacity to depose Kwon, deeming it an “impossible” feat. Kwon’s legal counsel additionally maintains that the SEC’s bid for a preclusion order...
Protocols Must Deploy “Asymmetric Countermeasures” to Counter Code Vulnerability Exploiting Hackers — Spherex CEO
28.9.2023
While both attackers and smart contract auditors are motivated to find vulnerabilities in code, according to Eyal Meron, the co-founder and CEO of Spherex, the former “is always more incentivized as the protocol’s total value locked (TVL) grows.” To overcome this challenge, Meron...
Former CEO of sham crypto miner IcomTech pleads guilty of wire fraud for Ponzi scheme
27.9.2023
Former IcomTech head Marco Ochoa is the latest crypto fraudster to face charges, while the CFTC charged another company and its head
Sam Bankman-Fried Can Grill Former FTX Insiders on Drug Use in Court
27.9.2023
While Bankman-Fried's lawyers tried again to get him out of jail just days ahead of his trial, the judge overseeing the case inched closer to resolving some outstanding issues
Former White House official will lead Ripple's policy and government arm
26.9.2023
Ripple's newest head of U.S. public policy previously worked in similar roles at Softbank Group, Zoom, and Lyft following six years in government
Bitboy Ben Armstrong Arrested During Live Stream Over Stolen Lambo
26.9.2023
Crypto influencer Ben ‘Bitboy’ Armstrong has been reportedly arrested while livestreaming his attempt to confront a former business partner. Excerpts from the Youtube video released on social media show him explaining to police the reasons for his deed, including the alleged theft of...
Former SEC Official Urges DOJ Action Against Crypto Industry — Says Crypto Grifters Need Threat of Prison Time
26.9.2023
The U.S. Securities and Exchange Commission’s former head of internet enforcement has called on the U.S. Department of Justice (DOJ) to prosecute more crypto firms. “The stark reality is that the SEC is merely a civil enforcement agency. And until crypto-grifters face the threat of...
Former FTX Law Firm Denies Role in Collapse; Challenges Allegations as ‘Fatally Deficient’ in Court Motion
26.9.2023
San Francisco-based law firm Fenwick & West LLP is denying allegations from FTX founder Sam Bankman-Fried that the firm provided legal advice enabling the alleged fraud that led to the cryptocurrency exchange’s collapse. In a recent court filing, Fenwick & West asserts the allegations...
FTX's former external legal team disputes involvement in fraud allegations
24.9.2023
In a recent court filing, a U.S. law firm that had previously offered services to FTX refutes allegations of assisting Sam Bankman-Fried in his alleged fraudulent activities
FTX Files Lawsuit Against Former Salameda Employees to Recover $157 Million
23.9.2023
According to the recent court filing, FTX, the bankrupt crypto exchange, has filed a lawsuit against former employees of Salameda, a Hong Kong-incorporated entity affiliated with FTX, to recover about $157.3 million.
The Hong Kong firm was said to be controlled by the former CEO and founder of...
FTX opens lawsuit against former employees of Hong Kong affiliate
22.9.2023
The bankrupt crypto exchange FTX has opened a lawsuit against former employees of a Hong Kong affiliate company Salameda to recover $157.3 million
Digital Assets Worth Billions Still Secure Despite Rise in Cyber Attacks — Former Microsoft Security Lead
22.9.2023
A former Microsoft Security Lead has insisted that a great proportion of digital assets worth billions of dollars are secure and are being “safely managed by hundreds of protocols.” The security expert suggested that protocols also need to have a platform that allows users to rate...
FTX Sues Former Employees of Hong Kong Affiliate, Seeks $157 Million
22.9.2023
The bankrupt crypto exchange has sued former employees of Salameda, a Hong Kong-incorporated affiliate, to recover about $157.3 million
It Is "A Really Good Time" to Invest in Crypto: Former a16z General Partner
22.9.2023
Former a16z general partner Katie Haun believes it is "a really good time" to invest in the crypto industry.
During a recent interview at TechCrunch Disrupt, Haun talked about the crypto market over the past couple of years, claiming that she’s still very optimistic about the future...