The U.S. Securities and Exchange Commission (SEC) is urging a Manhattan judge to deliver summary judgment in its legal battle with Terraform Labs and its co-founder, Do Kwon. The SEC claims that Kwon violated securities laws in the distribution of the Terra blockchain’s native cryptocurrency, LUNA, and its stablecoin TerraUSD (UST). According to the SEC, […]
The U.S. Department of the Treasury has imposed sanctions on a Russian national, Ekaterina Zhdanova, for her involvement in helping Russian oligarchs evade sanctions using cryptocurrency. Zhdanova was tasked with moving over $100 million in crypto from Russia to the United Arab Emirates (UAE) on behalf of one oligarch. She also played a role in […]
Newly-released audio has surfaced on social media featuring an interview with Sam Bankman-Fried, the disgraced founder of FTX. In the interview, conducted during his house arrest, Bankman-Fried reflects on the idea of life in prison and admits to feeling guilt and culpability for the harm he has caused. Despite not wanting to think about the […]
Sequoia Capital, a venture capital firm, has suffered a significant loss after investing nearly a quarter billion dollars into FTX, a cryptocurrency exchange. Alfred Lin, a partner at Sequoia Capital, accused FTX CEO Sam Bankman-Fried of deliberately misleading and lying to the firm. Lin reached this conclusion after conducting an extensive review of Sequoia’s due […]
Sam Bankman-Fried, the founder of FTX, has been found guilty of fraud and conspiracy to commit fraud. The jury reached their verdict quickly after a short deliberation period. Throughout the trial, questions arose about how this situation could have been prevented and what can be done to avoid similar incidents in the future. Some argue […]
In the bustling city of Mumbai, a new chapter in the crypto industry is unfolding. Aditya Sharma, a former KYC analyst turned entrepreneur, is at the forefront of this revolution. Alongside his friend Gopal Mukherjee, Aditya co-founded Don Invest, a pioneering cryptocurrency consulting firm. Their mission? To guide people in making wise investments in digital […]
The recent downfall of Sam Bankman-Fried, the former CEO of the collapsed crypto exchange FTX, has significant implications for the industry. While Bankman-Fried has been found guilty of fraud and faces a potential prison sentence, this does not signify the end of the crypto industry. Bitcoin and Ethereum have already established themselves as asset classes […]
The U.S. Securities and Exchange Commission (SEC) has filed a motion for summary judgment in its case against Terraform Labs and its co-founder, Do Kwon. The SEC alleges that Terraform and Kwon orchestrated a fraudulent scheme that resulted in a $45 billion market loss. The regulator claims that Kwon was a key participant in Terraform’s […]
Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, has been convicted on seven charges in New York. The jury found him guilty of embezzling $8 billion in customer funds, which he used for speculative purposes and to fund an extravagant lifestyle. The verdict, delivered by the jury, has exposed Bankman-Fried’s true intentions and shattered the […]
Sam Bankman-Fried, the founder of FTX, has been found guilty of all charges brought against him in a trial in New York. This verdict has sparked reactions within the crypto community. Hayden Adams, the founder of Uniswap, acknowledged that while the guilty verdict was the right outcome, it doesn’t necessarily translate to a victory for […]
