A former engineer at Alameda Research, the sister hedge fund of FTX, has alleged that the firm suffered losses of over $190 million due to preventable scams. Aditya Baradwaj, the whistleblower, highlighted the frequent security incidents resulting from the company’s fast-paced operations. Baradwaj documented these allegations in a post titled “The Hacks” on the platform […]
Evidence presented in court during the ongoing criminal trial against Sam “SBF” Bankman-Fried, former CEO of FTX exchange, has revealed his belief that Binance leaked an Alameda balance sheet to the media in 2022. The evidence includes a memo created by SBF on November 6, 2022, which outlined potential investors and parties to reach out […]
Fox Business journalist and producer Eleanor Terrett has gained popularity in the crypto community for her coverage of the SEC v. Ripple case. With a focus on the legal and regulatory aspects of cryptocurrency, Terrett closely monitors developments in Washington. She keeps herself informed by following influential figures in the US government and CEOs of […]
Stuart Alderoty, Chief Legal Officer of Ripple, has commented on the recent court victories against the SEC, stating that they have provided clarity for XRP in the US. The rulings have classified XRP as a non-security, a significant win for the cryptocurrency. However, Alderoty believes that the US still needs to establish comprehensive regulations for […]
A senior judge in the Columbian district court has signed multiple orders to clear pending motions in the ongoing lawsuit between the United States Securities and Exchange Commission (SEC) and crypto exchange Binance. One of the key orders cleared an amicus brief filed by Circle, the issuer of the USD Coin (USDC) stablecoin. Circle argued […]
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 […]
Cardano founder Charles Hoskinson has addressed the controversy surrounding Ethereum’s alleged bribery of the US Securities and Exchange Commission (SEC) in an Ask-me-Anything (AMA) session. The theory, known as ETHGate, suggests that Ethereum executives lobbied SEC officials to secure favorable regulation for the ETH token. However, Hoskinson argues that the activities leading up to SEC […]
The spot trading volume of Coinbase, one of the largest crypto exchanges in the United States, has experienced a significant decline, dropping by over 50%. This decline indicates a shift in interest in crypto trading. According to analysis from digital asset data provider CCData, Coinbase recorded approximately $76 billion in spot trading volume for the […]
ARK Invest/21Shares has submitted an updated version of its spot Bitcoin Exchange-Traded Fund (ETF) prospectus, indicating a significant step forward in the approval process. The move comes after the SEC reached out to issuers with comments and questions about their S-1 filings. The updated prospectus addresses concerns raised by the SEC, particularly regarding Net Asset […]
BarnBridge, a decentralized autonomous organization (DAO), has unanimously decided to comply with potential demands from the United States Securities Exchange Commission (SEC). The DAO’s members voted to pay fines if necessary and nominated Tyler Ward and Troy Murray as special delegates to handle interactions with the regulator. Douglas Park will continue to serve as the […]
