Lawyers representing former FTX CEO Sam “SBF” Bankman-Fried are seeking to introduce information from the crypto exchange’s terms of service during witness testimonies in the ongoing criminal trial. The defense team aims to address evidentiary issues related to the alleged misuse of FTX funds. Prosecutors and the defense have differing theories on the matter, with […]
The former CEO of Voyager, Stephen Ehrlich, is facing charges filed by the Federal Trade Commission (FTC) and Commodity Futures Trading Commission (CFTC). The FTC alleges that Ehrlich falsely claimed that Voyager accounts were insured by the Federal Deposit Insurance Corporation (FDIC) and that customer assets were safe, despite the company’s impending bankruptcy. The FTC […]
Friday the 13th is often associated with horror and superstition, and in the world of cryptocurrencies, there have been some truly terrifying stories. One such story involves QuadrigaCX, Canada’s largest cryptocurrency exchange, which unexpectedly collapsed, leaving 115,000 investors and over $190 million missing. The founder of the exchange, Gerald Cotten, had recently married Jennifer Robertson […]
Chinese Bribe Scandal Deepens for FTX FounderNew revelations have emerged in the Chinese bribe scandal involving Sam Bankman-Fried, the founder of cryptocurrency exchange FTX. Testimony from Caroline Ellison, co-founder of Alameda Research, suggests that Bankman-Fried paid $150 million in bribes to Chinese government officials in 2021, a significantly higher amount than previously disclosed. As a […]
Decentralized exchange THORSwap has resumed operations after temporarily shutting down due to the detection of illicit funds on its platform. The exchange announced on Oct. 12 that it is back online and urged users to continue swapping assets across various blockchains using their own self-custody wallets. THORSwap initially halted swaps on Oct. 6 to address […]
In a recent development, crypto lending firm Celsius Network has transferred around $30 million worth of crypto assets, including Ethereum (ETH) and stablecoins, amid its ongoing legal battles. The company also transferred a significant amount of its CEL tokens, representing almost the total supply of CEL tokens in existence. This move has raised speculation about […]
Caroline Ellison, the ex-girlfriend of Sam Bankman-Fried, concluded her testimony in the trial on Thursday. Over the course of three days, she was questioned about her company’s accounting practices. Ellison revealed that Alameda had engaged with several accounting firms in 2021 and 2022, but none of them were able or willing to handle the task […]
FTX, a major cryptocurrency exchange, recently filed for bankruptcy after being hacked for $477 million. The stolen funds, primarily in ether, remained inactive for five days before a significant amount was moved to the Bitcoin blockchain. The perpetrators then used a mixer to convert the stolen funds into Bitcoin, with some of it potentially being […]
Explosive Testimonies in Trial of Former FTX CEO Reveal Alameda’s Role in Financial CrisisThe ongoing trial of former FTX CEO Sam Bankman Fried has brought to light shocking revelations through testimonies from former key FTX and Alameda executives. In a recent court proceeding, former Alameda Research CEO Caroline Elisson testified and a recording of a […]
Former CEO of Alameda Research, Caroline Ellison, has made shocking revelations during a secret recording obtained by prosecutors. In the recording, Ellison alleges that Sam Bankman-Fried, the founder of Alameda and FTX, used FTX customer funds to repay loans. The recording, made by an employee who had been with the company for only three days, […]
