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 […]
A Chinese court has ruled that crypto lending falls outside the protection of the country’s legal system. The Nanchang People’s Court dismissed a lawsuit brought by an individual named Mr. Ming against Mr. Gang, who had defaulted on a loan of 80,000 Tether (USDT) for stablecoin trading. The court stated that Mr. Ming needed to […]
DeCurret Holdings, a group of Japanese companies, has published a White Paper outlining its plans to launch a digital currency project called DCJPY in July 2024. The project will consist of two areas: the Financial Zone and the Business Zone. The Financial Zone will involve banks minting digital currency on the blockchain, while the Business […]
Palau, a small island nation in the Pacific Ocean, is taking a significant step towards financial modernization by introducing a government-issued stablecoin powered by Ripple. This move aims to address the financial challenges faced by Palau, where cash transactions are prevalent and access to financial services is limited. By leveraging Ripple’s technology, Palau hopes to […]
Crypto exchange WOO Network has reached a settlement to sever ties with bankrupt hedge fund Three Arrows Capital. WOO will repurchase over 20 million WOO tokens and additional shares acquired by the hedge fund during WOO’s series A funding round. The repurchase will be done at an attractive discount, effectively cutting all remaining connections to […]
During the trial of Sam Bankman-Fried, the founder of crypto exchange FTX, shocking revelations emerged from the testimony of former Alameda Research CEO Caroline Ellison. While Bankman-Fried was not charged with bribery, evidence was presented to demonstrate trust and motive between him and Ellison. According to Ellison’s testimony, when Bankman-Fried was CEO in 2020, accounts […]
The sixth day of the trial of FTX founder Sam Bankman-Fried (SBF) revealed new details about his ambitions and the events leading up to the collapse of FTX. Caroline Ellison, the CEO of Alameda Research, testified and provided insights into the situation. She discussed an $800 million trading loss incurred by FTX in 2021 and […]
The Shiba Inu community has seen increased activity since the launch of the Ethereum Layer 2 network Shibarium. However, this rise in activity has attracted bad actors looking to take advantage of the situation. A team member, known as Ragnar, has taken to social media to warn the community and exchanges about these issues.Ragnar clarified […]
Former Alameda Research CEO Caroline Ellison testified in court, providing more details about the financial crimes she and her ex-boyfriend, Sam Bankman-Fried, committed at FTX. Ellison revealed that FTX bribed the Chinese government with $100 million in order to unlock a larger pool of frozen assets. The bribery occurred after other attempts to recover funds […]
Malaysia-based Hata has received in-principle approval from Securities Commission Malaysia (SC) to register as a Recognized Market Operator (RMO) as a digital asset exchange and digital broker. This approval allows Hata to launch its services within the next six to nine months. Hata will be the fifth regulated digital asset exchange in Malaysia and the […]
