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A ‘Two-Tiered Justice System’ — Public Reacts to DOJ Dropping Campaign Finance Charges Against FTX Co-Founder
27.7.2023
In a court filing released Wednesday, the U.S. Department of Justice dropped campaign finance charges against disgraced FTX co-founder Sam Bankman-Fried. Prosecutors said the charges were dropped in accordance with U.S. treaty obligations to the Bahamas. Sam Bankman-Fried Cleared of Campaign...
FTX Founder Sam Bankman-Fried Faces Tightened Bail Conditions and Possible Jail in Trial
27.7.2023
Sam Bankman-Fried, the founder of now-defunct cryptocurrency exchange FTX, is facing tightened bail conditions and the possibility of jail time as he awaits trial over the collapse of his exchange.
At a recent hearing, US District Judge Lewis Kaplan imposed a "gag order" on Bankman-Fried...
Prosecutors Want Sam Bankman-Fried Jailed Ahead of Trial
27.7.2023
U.S. prosecutors have asked a federal judge to put crypto exchange FTX founder Sam Bankman-Fried in jail over alleged witness tampering before his trial starts in October. While requiring the prosecution to formalize the request and giving the defense enough time to make its case, the judge issued...
Block.one ICO damages ‘far beyond’ $22M, ENF founder says
27.7.2023
Block.one owes much more to EOS investors than just $22 million after the $4 billion ICO, EOS Network Foundation CEO Yves La Rose believes
Binance to Restore Full Services in Japan in August, CZ Unveils
27.7.2023
Cryptocurrency exchange Binance will start offering full services in Japan next month, founder Changpeng Zhao (CZ) announced. The leading trading venue for digital assets reenters the Japanese market with a domestic exchange after announcing earlier it was discontinuing services through its global...
Mintlayer founder says DeFi needs real-world assets; Here’s how InQubeta fixes this problem
26.7.2023
In the burgeoning world of Decentralized Finance (DeFi), there are still hurdles to clear on the path to global adoption. According to Enrico Rubboli, the CEO of Mintlayer, a layer 2 solution built on the Bitcoin blockchain, one such roadblock is the lack of integration with real-world assets....
Binance, CZ to Seek Dismissal of CFTC Complaint
26.7.2023
Crypto exchange Binance and its founder and CEO Changpeng Zhao (CZ) plan to seek the dismissal of a lawsuit filed by the U.S. Commodity Futures Trading Commission (CFTC). On July 27, the trading platform is due to submit its response to the CFTC complaint alleging that it broke derivatives laws...
Blockchain-Powered Mobile Networks Offer Better Data Security Than Traditional Networks — World Mobile CEO
25.7.2023
A blockchain-powered decentralized network can offer a “much greater level of security and ownership” of data compared to traditional telecom operators, Micky Watkins, the founder and CEO of World Mobile, has said. Watkins also claims that the flexibility of such a decentralized network...
FTX Sues SBF, Former Execs to Recover Over $1 Billion
22.7.2023
Crypto exchange FTX is trying to regain $1 billion in a lawsuit against founder Sam Bankman-Fried (SBF) and some former executives. FTX’s new management argues the funds were misappropriated through dubious deals and transactions made before the coin trading platform went bankrupt last fall. Failed...
Terraform Labs Appoints New CEO While Co-Founder Remains in Jail
21.7.2023
Terraform Labs appointed a new chief executive officer following Do Kwon’s resignation on March 31, 2023. In a Wall Street Journal interview, the interim CEO, Chris Amani, discussed his team’s “vision” for rescuing the beleaguered blockchain project. Terraform Labs Finds...
FTX Founder SBF Accused by US DOJ of Leaking Ex-Alameda Research CEO's Private Diary
21.7.2023
FTX founder and former CEO Sam Bankman-Fried (SBF) faces multiple charges of fraud, wire fraud, money laundering, and more by US prosecutors.
The nearly one-year-long criminal case has been on since his arrest from the Bahamas after the FTX collapse.
In a July 20 filing, the US Department...
Sam Bankman-Fried Accused of Leaking Diary Excerpts to Discredit Key Witness
21.7.2023
A court document penned by U.S. Department of Justice attorney Damian Williams alleges FTX co-founder Sam Bankman-Fried released diary excerpts from former Alameda CEO Caroline Ellison. The U.S. attorney asserts that Bankman-Fried intended to discredit the government’s key witness...
Binance CEO warns of phishing scams as Uniswap founder gets hacked
21.7.2023
The amount of social engineering attacks in the cryptocurrency industry has been rising, with major execs getting hacked recently
US DoJ accuses FTX founder of leaking private diary of Caroline Ellison
21.7.2023
Sam Bankman-Fried attempted to publicly discredit government witness Caroline Ellison, who was once his business ally and a romantic partner, the DoJ argued
Hackers compromise Uniswap founder's Twitter account to promote scam
20.7.2023
Hayden Adams' account released a tweet encouraging its more than 254,000 followers to click on a malicious link, falsely claiming that users’ tokens were at risk
Turkish Court Sentences Founder of Defunct Crypto Exchange Thodex to More Than 7 Months in Prison
20.7.2023
A Turkish court has sentenced Faruk Fatih Özer, the founder of the collapsed cryptocurrency exchange Thodex, to an effective seven months and 15 days in prison. During the trial, Özer denied being an executive of the crypto exchange when the platform allegedly failed to furnish the Tax Inspection...
Veteran FPS Devs Form New Studio To Make Games Inside Fortnite
19.7.2023
Veteran game developers from Bungie, EA, and Kongregate have come together to form a new video game studio, Look North World. And this new studio will be focused on making… Fortnite games? Read more
Thodex CEO sentenced to Turkish prison for failure to submit tax documents
18.7.2023
Faruk Fatih Özer failed to submit the requested documents to the Tax Inspection Board. He denied being Thodex’s official at the time, which prevents him from presenting the requested books
Bitcoin ETFs Can Boost ‘Overall Reputation of Certain Cryptocurrencies’ — Brighty App Co-Founder
16.7.2023
According to Nikolay Denisenko, the co-founder and CTO of the financial and earning application Brighty App, the digital version of the pound sterling can be a bridge that enables “easy conversions between different types of crypto, stablecoins, and digital currencies.” Furthermore,...
Binance Reportedly Lays Off Over 1,000 Employees, CZ Says Exchange Is Hiring
15.7.2023
Leading crypto exchange Binance has cut hundreds of jobs after a string of executive exits, according to a media report. The news, which comes as the coin trading platform marks its sixth anniversary amid increased pressure from regulators, was termed as FUD by founder Changpeng Zhao who said...