Caroline Ellison, the former CEO of Alameda Research, has testified against her ex-boyfriend and former FTX CEO, Sam Bankman-Fried (SBF), revealing his attempts to unlock frozen funds. According to Ellison, SBF initially tried to use accounts belonging to Thai prostitutes to retrieve the funds, but when that failed, he resorted to bribing Chinese officials with […]
Research firm Elliptic has suggested that Russian cybercriminal groups may have been responsible for the recent hack of FTX, the cryptocurrency exchange founded by Sam Bankman-Fried. Elliptic reached this conclusion through on-chain analysis, noting that some of the stolen funds appear to be linked to Russian attackers. The hack has raised concerns about the security […]
A New York bankruptcy judge has approved a settlement between cryptocurrency firms FTX and Genesis Global Trading (GGC), allowing FTX-affiliated Alameda Research to receive $175 million from GGC. The settlement agreement was given the green light by the United States Bankruptcy Court for the Southern District of New York. As part of the agreement, Genesis […]
Decentralized finance (DeFi) protocol Platypus has suffered another flash loan exploit, resulting in the loss of over $2 million in assets. The platform has suspended all of its pools in response to the attack. This marks the third attack on Platypus in 2023, with a total of $2.23 million taken across the exploits. The first […]
Caroline Ellison, the former head of Alameda Research, has admitted her guilt in relation to seven charges she faced. In court on Wednesday, Ellison took responsibility for her actions, although she did not clarify whether her previous failure to do so was due to her unwavering belief in Sam’s vision or other factors. Regardless, she […]
The Shiba Inu community has been warned about fraudulent emails and an unofficial LinkedIn account. Shibarmy Scam Alerts advised caution and urged people not to open these deceptive messages. The Shiba Inu Telegram Admin, Ragnar, also emphasized that SHIB does not have an official LinkedIn account, warning against trusting information from such sources. Ragnar clarified […]
Former engineer at Alameda Research, Aditya Baradwaj, has revealed how lax security practices at the company led to losses of nearly $200 million. Baradwaj disclosed that founder Sam Bankman-Fried prioritized rapid expansion over risk management protocols, resulting in challenges with account reconciliation, trading safety measures, and safeguarding private keys. The company experienced three major security […]
Trezor, a leading provider of hardware cryptocurrency wallets, is celebrating its 10th anniversary by launching three new products. The first is the Trezor Safe 3, a hardware wallet that supports over 7,000 cryptocurrencies. This wallet is a significant milestone for Trezor in its commitment to providing entry-level hardware wallets. It comes in four different colors […]
Judge Lewis Kaplan has made several pretrial evidentiary rulings in the case against FTX founder Sam Bankman-Fried. While he granted reconsideration on certain issues challenged by Bankman-Fried’s defense, he maintained his decisions to exclude arguments about FTX’s lack of regulation and evidence related to the firm’s bankruptcy proceedings. However, the judge did allow evidence of […]
Investment firm BlackRock has taken legal action against the owners of 44 internet domain names that it claims are using its name for fraudulent purposes. The company alleges that these domains, which include keywords such as ‘Blackrock’, ‘Aladdin’, ‘capital’, ‘crypto’, and ‘investments’, were registered in bad faith to deceive consumers and redirect traffic through tactics […]
