Gary Wang, who has previously pleaded guilty to similar charges as Sam Bankman-Fried, testified that Bankman-Fried instructed him to write code that allowed Alameda Research to have a negative balance on the FTX exchange. Wang revealed that Alameda ultimately took and spent at least $8 billion of FTX customers’ money. Wang admitted to committing crimes […]
In the ongoing fraud trial of Sam Bankman-Fried, his legal team is seeking permission to question FTX co-founder Gary Wang about his reliance on legal advice when accepting loans from Alameda Research. This request comes after a judge previously denied Bankman-Fried’s attempt to attribute alleged fraud to his legal advisors. Prosecutors have already questioned Wang […]
Israeli authorities have reportedly frozen cryptocurrency accounts belonging to the Hamas group with the help of Binance. The funds seized from these accounts have been transferred to the state treasury, although the exact amount has not been disclosed. This is not the first time Israeli authorities have taken action against Hamas-related crypto accounts, as they […]
Decentralized social media protocol Friend.Tech has introduced a two-factor authentication (2FA) security feature in response to recent sim-swap attacks on its users. The 2FA adds an extra layer of protection for users, particularly in cases where their mobile carrier or email service has been compromised. Users will now be required to enter their passwords each […]
A dormant Bitcoin wallet, known as “17TZNT,” has suddenly become active after six years of inactivity. The wallet moved 2995 BTC, equivalent to $82.3 million, to two new addresses on October 10. This comes after the wallet received 3,200 BTC in 2016 and transferred 204 BTC one year later. The price of BTC has increased […]
Cardano founder Charles Hoskinson has criticized the media for giving former FTX CEO Sam Bankman-Fried a “free pass” and compared him to notorious fraudster Bernie Madoff. Hoskinson accused the media of ignoring evidence of misappropriation and theft of customer funds by Bankman-Fried and FTX. He specifically called out author Michael Lewis for his book on […]
One of the CrypToadz non-fungible tokens (NFTs) recently sold for a staggering $1.6 million, despite the average price of these tokens being under $1000. The sale took place on the OpenSea market and involved a digital artwork representing a small amphibious creature. The CrypToadz collection gained significant popularity during the NFT boom in 2021, generating […]
Charles Hoskinson, the creator of Cardano, has criticized the media’s favorable portrayal of Sam Bankman-Fried (SBF), the founder of FTX, who is currently facing a criminal trial. Hoskinson referred to SBF as “the Bernie Madoff of my generation” and expressed disapproval of the elite support he has received, particularly in a new book by Michael […]
In a recent security breach, Ordswap, a prominent marketplace for Bitcoin Ordinals, has lost control of its website, putting users at risk of phishing attacks. The compromised website directed users to a phishing link, aiming to trick them into revealing their private keys and sensitive information, posing a severe threat to their cryptocurrency assets. In […]
Pi Network’s native token, PI, has been experiencing a downward trend, currently trading around $30. This comes after a spike in mid-August when the price reached $57.7, its highest level since February 2023. However, the lack of bullish news from the developers has dampened the enthusiasm of Pi Network fans who have been promoting the […]
