United States prosecutors have requested that Sam Bankman-Fried’s legal team be prohibited from discussing the potential recovery of FTX customer assets invested in Anthropic during his trial. Bankman-Fried, the former CEO of FTX, invested $500 million in the artificial intelligence startup in April 2022. The U.S. government alleges that the investment was made using misappropriated […]
HTX (formerly Huobi) has recovered the crypto funds stolen by a hacker in late September and honored its 5% white hat bonus offer to the hacker. On September 25, the exchange was vulnerable and 5,000 ETH were drained from one of its hot wallets. HTX contacted the attacker and offered a 5% white hat bonus […]
Binance recently released its 11th proof of reserves, revealing that the platform held 588,000 BTC assets, 3.83 million ETH assets, and 15.31 billion USDT assets. This disclosure comes amidst mounting pressure from regulators, and is intended to emphasize the exchange’s transparency with its users.BNB has been exhibiting accumulation trends since 22nd August, however, similar patterns […]
Huobi Global’s crypto exchange HTX has confirmed the return of the funds stolen by a hacker in late September and issued a 250 Ether ETH bounty after resolving the issue. The hacker had drained 5,000 ETH worth roughly $8 million from one of HTX’s hot wallets. HTX offered to pay a 5% bounty worth around […]
In a surprising turn of events, the hacker responsible for stealing a large sum of Ethereum from HTX Global, formerly Huobi, has refunded the entire stolen amount for the white-hat bounty offered by the exchange. The breach occurred on Sept. 25, with the hacker stealing a total of 4,997 Ether (ETH) — valued at approximately […]
The Hong Kong government has formed a task force to monitor and investigate illegal activities related to virtual asset trading platforms. This move follows the JPEX crypto exchange scandal last month, which resulted in multiple arrests and the platform shutting down services. It is alleged that JPEX defrauded investors out of $204 million.The task force […]
The Sam Bankman-Fried trial began on October 4th, with the United States Department of Justice (DOJ) and the former FTX CEO’s defense presenting their arguments to the 12-person jury. The DOJ accused Bankman-Fried of deliberately lying to investors to enrich himself and expand his crypto empire, while the defense argued that he was a young […]
Solana Compass recently provided insights into the latest Solana (SOL) network activity during its 512 epoch. An estimated 19.637 million SOL tokens were unstaked, valued at approximately $449 million. After accounting for staked tokens, the net unstaking volume was 16.516 million SOL, valued at around $380 million. Prominent entities, such as Andreessen Horowitz (a16z), significantly […]
The Canadian Securities Administrators (CSA) has provided guidance to the trading of stablecoins on crypto exchanges in the country. The update comes months after major exchanges, including Binance, halted operations in the country due to regulatory developments.The CSA has acknowledged that stablecoins, which it terms as “value-referenced crypto assets,” may constitute securities or derivatives. The […]
Sam Bankman-Fried, the founder of FTX, is currently on trial in a New York district court. Federal prosecutors have accused him of financial misconduct and misappropriation, while the defense argues that external factors played a significant role in FTX’s struggles. The trial has introduced cryptocurrencies to the jury, highlighting the significance of Bitcoin, Ethereum, Dogecoin, […]
