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FTX Plans to Return 90% of Customer Funds, But There's a Catch
17.10.2023
An amended proposal released early Tuesday will be filed by the FTX Debtors by mid-December if approved
FTX Engineer Reveals $8B Bug, Lavish Spending, and Political Donations in Explosive Testimony Against Bankman-Fried
17.10.2023
Nishad Singh, former director of engineering at FTX, testified this week against his former boss Sam Bankman-Fried, detailing a software bug that hid billions in missing funds and excessive spending on celebrities and real estate. Singh Points Finger at $8 Billion Bug and Bankman-Fried’s...
SBF Trial: What Did FTX’s Terms of Service Say About Customer Funds?
16.10.2023
A filing last week suggests Sam Bankman-Fried's defense wants to get back to the argument that Bankman-Fried did not technically commit wire fraud because FTX’s terms of service were worded in such a way that there's no case to argue funds were misappropriated
Blockfi CEO Blames FTX and Alameda Collapse for Firm’s Bankruptcy
14.10.2023
Blockfi CEO Zac Prince testified Friday that the downfall of FTX contributed to his company’s bankruptcy. Prince appeared as a government witness in the fraud trial of former FTX boss Sam Bankman-Fried (SBF). Blockfi’s Prince: Loans Wouldn’t Be Approved Knowing Alameda Used...
Saudi Arabian Funds, BlockFi's Founder, and a Star Witness: Recapping the Dramatic Second Week of Sam Bankman-Fried's Landmark Fraud Trial
14.10.2023
From FTX founder Sam Bankman-Fried's attempts to raise company funds from the Crown Prince of Saudi Arabia to using Thai prostitutes' identities in an attempt to unfreeze crypto accounts, the second week of Bankman-Fried's criminal trial proved damning for the disgraced "king of crypto."...
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THORswap back online 6 days after halt over detecting FTX funds
13.10.2023
According to blockchain analytics firm Elliptic, the anonymous FTX exploiter has used THORSwap to convert ETH to BTC, which is traceable on-chain
Voyager Digital was ‘no better than a house of cards’ — CFTC commissioner
13.10.2023
CFTC Commissioner Kristin Johnson’s comments came after separate lawsuits from the CFTC and FTC were filed against Voyager and its former CEO Stephen Ehrlich
JPMorgan’s Tokenized Collateral Network Facilitates Blackrock-Barclays Trade
13.10.2023
Banking giant JPMorgan Chase has debuted its blockchain-based collateral settlement system. Blackrock became the first client to use JPMorgan’s Tokenized Collateral Network (TCN). The world’s largest asset manager used the system to convert shares in one of its money market funds into digital...
Stars Arena recovers 90% of exploited funds after onchain negotiations
12.10.2023
Stars Arena negotiated with the attacker over the course of four days, eventually recovering 90% of funds in exchange for an agreement not to prosecute
Elliptic: FTX Hacker Laundered Stolen Crypto Funds Through Russian Crime Networks
12.10.2023
Close to a year has passed, and the hacker responsible for the staggering $477 million heist from the now-defunct crypto exchange FTX still remains elusive. Yet, Elliptic, a leading blockchain analytics firm, has meticulously mapped the intricate journey of the stolen funds, shedding light on...
US Inflation Rises Beyond Projections: Markets Jittery, Rate Hike in Question
12.10.2023
In September, U.S. inflation surpassed expectations, with the U.S. Bureau of Labor Statistics revealing a 3.7% year-on-year surge in the consumer price index (CPI), as per the latest data. While core inflation slightly decreased from 4.3% to 4.1%, market pundits anticipate that the U.S. Federal...
Stars Arena receives nearly 90% of the lost funds
12.10.2023
Stars Arena has posted an update, informing the community that the team has recovered approximately 90% of the funds that were lost previously. The development comes as Stars Arena reaches an agreement with the individual behind the drainage. They have been awarded 10% of the bounty along with...
Caroline Ellison testimony: SBF bribed Chinese officials for $150M to unfreeze funds
12.10.2023
Caroline Ellison, the star witness in the Sam Bankman-Fried criminal trial, testified that SBF tried to use identities linked to Thai sex workers to unfreeze funds before bribing Chinese officials for millions
Avalanche-based Star Arena Recovers 90% of Hacked Funds, Offers 10% Bounty
12.10.2023
On-chain social platform, Star Arena has announced a recovery of assets drained from its platform over the weekend following an agreement with the hacker.
In a post on X (formerly Twitter), the platform disclosed that 90% of user assets have been recovered while the hacker was offered a...
Crypto Stolen From Indian Businessman Used by Hamas in Attacks on Israel
12.10.2023
Nearly 4 crore INR ($480,000) crypto stolen from a businessman in Delhi, India has been traced back to crypto accounts linked to Hamas by Indian police.
Indian authorities received input from Israeli intelligence agency Mossad regarding some suspect wallets that were being used by terror...
Stars Arena recovers 90% of stolen funds after offering $257K bounty
12.10.2023
The exploiter of the Web3 social media platform agreed to keep a 10% bounty in exchange for returning the remainder of the stolen funds
Galxe replacing 110% of funds users lost in recent front-end hack, over $400K
10.10.2023
The platform was the victim of a phishing scam that routed users to a website that drained their wallets after they approved a transaction
Caroline Ellison blames Sam Bankman-Fried for misuse of FTX user funds at trial
10.10.2023
Reports have suggested the former CEO of Alameda Research and SBF had largely been out of contact following the collapse of FTX in November 2022
Cybercriminals Use Dexs and Crypto Cross-Chain Services to Launder $7 Billion — Elliptic
10.10.2023
According to the findings of a research study by Elliptic, cybercriminals are believed to have used crypto cross-chain bridges and coin swap services to launder $7 billion worth of “illicit or high-risk funds.” The Lazarus Group, a cybercriminal organization said to be backed by North...
FTX hacker could be using SBF trial as a smokescreen: CertiK
10.10.2023
The still-unidentified FTX hackers started ramping up their movement of stolen funds in recent weeks, potentially using media attention of the trial as a cover to hide the illicit activity