Dogecoin co-creator Billy Markus, also known as Shibetoshi Nakamoto, has shared his perspective on the recent verdict in the case of Sam Bankman-Fried (SBF), the disgraced founder of FTX. Markus took to social media to shed light on the controversial aspects of the case and its implications for the cryptocurrency community.A jury has found SBF […]
Sam Bankman-Fried, the founder of FTX, a crypto exchange that collapsed last year, has been found guilty on all counts in his fraud trial. A federal jury convicted Bankman-Fried on seven criminal charges, including wire fraud, securities fraud, conspiracy, and money laundering. Prosecutors accused him of stealing billions in customer funds from FTX to cover […]
Former FTX CEO Sam Bankman-Fried has been found guilty of all seven charges in his criminal trial by a jury in New York. The charges include wire fraud, wire fraud conspiracy, securities fraud, commodities fraud conspiracy, and money laundering conspiracy. Bankman-Fried’s crimes carry a maximum sentence of 110 years in prison. Other key FTX executives […]
The Dubai Virtual Assets Regulatory Authority (VARA) has granted an “Initial Approval” license to WadzPay, a crypto firm, as part of its journey to obtain a Virtual Asset Service Provider (VASP) license. This license allows WadzPay to begin preparations for offering virtual asset services and activities under the VASP License for Transfer and Settlement and […]
SafeMoon, a decentralized finance project, has been charged by the United States Securities and Exchange Commission (SEC) for security rules violations and fraud. The project was exploited in March, resulting in a net loss of $8.9 million in BNB. The funds associated with the exploit have been moving through centralized exchanges, which could be crucial […]
Lazarus Group, a notorious cybercrime organization, has recently targeted a cryptocurrency exchange using a new form of malware called “KANDYKORN.” The attack began when members of the group posed as blockchain engineers and convinced the exchange’s engineers to download a program disguised as an arbitrage bot. Once executed, the program downloaded a malicious file called […]
Coinbase, a leading cryptocurrency exchange in the US, has announced that it will offer regulated crypto futures to its customers. This move comes despite an ongoing legal battle with the Securities and Exchange Commission (SEC). The new development will allow advanced users to trade futures contracts for Bitcoin and Ethereum. Futures trading enables investors to […]
The trial of former FTX CEO Sam “SBF” Bankman-Fried is currently underway in New York, and Cointelegraph reporters are providing live coverage of the proceedings. The trial has reached its final stages, with the prosecution delivering its closing arguments on November 1. Bankman-Fried is facing seven counts of fraud and conspiracy to commit fraud, which […]
Bittrex, a prominent cryptocurrency exchange in the United States, is facing closure after receiving court approval. This development has sent shockwaves through the industry, as traders and investors grapple with the impending void left by the platform’s shutdown. The court’s decision marks a significant turning point, signaling a major shift in the landscape of digital […]
Day 15 of the trial of Sam Bankman-Fried (SBF) continued with the prosecution’s cross-examination, focusing on SBF’s relationship with the Bahamian government, handling of customer funds, and transparency issues. The defense conducted a re-direct examination to provide context and nuance to SBF’s responses. The prosecution presented evidence, including messages and videos, to support their claims. […]
