Sam Bankman-Fried, the CEO of FTX, was worried that his employees had become too wealthy due to the sudden increase in the value of SRM. As a result, he changed the rules and made them wait longer to sell their shares.Michael Lewis’ new book “Going Infinite” details the story of how Bankman-Fried reacted to the […]
Celsius Network has begun its bankruptcy trial in New York, with the goal of relaunching itself as a user-owned Bitcoin miner. The company has informed a judge that it intends to repay customers whose funds have been frozen since June 2022 with a portion of what they are owed by the end of the year. […]
Sam Bankman-Fried, former CEO of FTX, is on trial in New York for seven counts of conspiracy and fraud in connection with the collapse of the cryptocurrency exchange he co-founded. He has pleaded not guilty to all charges and is being heard by Judge Lewis Kaplan. Bankman-Fried was arrested in the United States on his […]
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned crypto wallets allegedly connected to individuals and companies involved in the production of fentanyl. The U.S. Justice Department announced indictments against several China-based chemical manufacturers and their employees, who allegedly used crypto transactions to conceal their identities and the movement of […]
Sam Bankman-Fried, the former CEO of cryptocurrency exchange FTX, is facing a criminal trial in the United States Justice Department. During jury selection on Oct. 3, Assistant U.S. Attorney Danielle Sassoon revealed that former Alameda Research CEO Caroline Ellison, FTX co-founder Gary Wang, former FTX engineering director Nishad Singh, and former FTX chief operating officer […]
Alex Mashinsky, the former CEO of Celsius, will stand trial in September 2024 for multiple counts of fraud, including wire fraud, securities fraud, commodities fraud, and conspiracy to manipulate the value of the company’s native crypto token, CEL. His lawyers will make a case based on the ambiguity surrounding the legal status of cryptocurrencies. The […]
Chainlink, a leading blockchain oracle ecosystem, has launched Chainlink Data Streams, an all-in-one data solution for decentralized applications (Dapps) and decentralized financial ecosystem (DeFi) developers. The Data Streams combine low-latency data delivery and automated trade execution to help developers scale in a secure and sustainable ecosystem. Leading DeFi protocol GMX has already integrated with the […]
Alex Mashinsky, former boss of the now-defunct crypto lending firm Celsius, is set to begin his criminal fraud trial on September 17, 2024. US District Judge John Koeltl confirmed the news during a hearing on Tuesday, adding that there will be three pretrial conferences in March, July, and September. Mashinsky is currently free on $40 […]
Jan van Eck, CEO of investment firm VanEck, and Matt Hougan, Chief Investment Officer of crypto investment firm Bitwise, both expressed optimism in an interview with CNBC yesterday that a spot bitcoin ETF could be approved by the Securities and Exchange Commission (SEC) as early as 2024. This follows a key legal victory last month […]
Ether (ETH) traded at just above $1,650 on Oct. 3, after dropping 5.3% in two days. The price had advanced 10% in the last week of September and hit a local peak at $1,750 on Oct. 1. The correction followed the Bitcoin-led correction that printed red candles on the charts of all top 40 digital […]
