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Mastermind Behind India's $24 Million Crypto Fraud Flees Country
6.10.2023
The mastermind behind a massive $24 million crypto fraud scheme in India has managed to evade Indian security agencies and escape from the country.
The criminal, identified as Subhash Sharma, fled the nation just as authorities were closing in on him, authorities confirmed to local media. ...
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SBF’s Multi-Million Dollar Jets Set for Forfeiture
6.10.2023
Embattled founder and CEO of defunct exchange FTX Sam Bankman-Fried (SBF) is on the cusp of suffering another series of major losses.
According to a court document submitted to the Southern District of New York, his multi-million dollar private jets are on the verge of being forfeited.
The...
Here's What Wall Street Doesn't Want You to Know About the New $4 Million AI Crypto Project – Next Big Thing?
6.10.2023
Wall Street is notorious for playing its cards close to its chest, especially when there's money to be made. One such example is when a few years ago, the rapid rise and subsequent adoption of electric vehicles caught many traditional investors off guard. ...
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CD Projekt Red Spent Over $120 Million Saving Cyberpunk 2077’s Reputation
6.10.2023
Cyberpunk 2077’s highly acclaimed and massive expansion, Phantom Liberty, almost feels like its own game. That’s probably because the developers behind the expansion spent over $60 million on developing Phantom Liberty and $21 million on marketing it, bringing the total cost of producing the DLC...
Binance CEO CZ Turned Down $40 Million Deal with SBF for Futures Exchange
5.10.2023
Binance CEO Changpeng "CZ" Zhao turned down a $40 million offer from former FTX CEO Sam Bankman-Fried in March 2019 to create a cryptocurrency futures exchange.
At the time, Binance was primarily a spot crypto exchange, and the idea of a futures-only platform was a deviation from its existing...
Blackbird raises $24 million in Series A Round led by a16z
5.10.2023
Blackbird Labs has raised $24 million in Series A Round. The funding was led by a16z with the objective of revolutionizing the way in which the restaurant industry serves its loyal customers. Other participants were Bolt by QED and Amex Ventures. Moving forward, Blackbird will offer innovative ways...
Solana Price Prediction as $500 Million Trading Volume Comes In Amid Sam Bankman-Fried Trial – Which Way Will SOL Go?
5.10.2023
The price of Solana (SOL) has dropped to $23.26 today, with the altcoin falling by 1% in 24 hours as the market as a whole barely moves.
SOL's dip also comes as Sam Bankman-Fried's fraud trial begins in New York, with the conviction of the former FTX CEO potentially having implications for...
CMCC Global launches $100 million fund
5.10.2023
CMCC Global has launched the 4th Titan Fund, worth $100 million. This speaks volumes, considering Hong Kong has been experiencing a bit of a winter with investments in the crypto industry. The fund led an investment in Mocaverse, a brand that was launched in December last year with Animoca Brands....
Report: Tom Brady Received $55 Million for FTX Commercials Before Its Collapse
5.10.2023
According to a report, former National Football League quarterback Tom Brady was paid $55 million to feature in the collapse cryptocurrency exchange FTX’s advertisements. As part of the arrangement, Brady would devote 20 hours of his time each year for three years. Celebrities Paid to Promote...
CMCC Global Splashes $100 Million on Blockchain Fund Focused on Asian Startups
4.10.2023
Asia-based blockchain venture capital (VC) firm CMCC Global has announced the launch of its Titan Fund, committing $100 million to support blockchain startups in the region.
Founded in 2016, CMCC Global is one of the first Asian VC firms focused solely on the blockchain ecosystem.
As announced...
Su Zhu's $36M mansion transformed into eco-farm post-3AC collapse: Report
4.10.2023
The 3AC co-founder purchased the Singaporean bungalow in March 2022, shortly before the hedge fund collapsed
Is Bitcoin Cash Going to Zero? $300 Million Trading Volume Sends BCH Price Down 7% as New Bitcoin Project Secures $400,000
4.10.2023
Bitcoin Cash (BCH) has undertaken a -7.71% retracement move to test accumulatory support at the 20DMA, but with price action tumbling - is Bitcoin Cash going to zero?
The downside shift comes amid declining trading volume for BCH, which has dropped -48.19% overnight, to a lowly $246k....
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Sam Bankman-Fried Lost Half a Million Dollars Everyday After Alameda Launched, Michael Lewis Claims
4.10.2023
The tides finally changed after Gary Wang and Nishad Singh (both FTX directors who have since pled guilty to fraud in the ongoing trial) joined the firm
FTX's $500 Million Investment in OpenAI Rival Offers Hope for Creditors as Anthropic Eyes $2 Billion Funding from Google
4.10.2023
FTX's $500 million investment in Anthropic in 2022 could potentially become a game-changer for creditors after OpenAI rival revealed its intention to raise another $2 billion from Google and other firms.
According to The Information report, Anthropic is currently in discussions with various...
Promoters and Attorney of $100 Million Crypto Mining Ponzi Scheme Sentenced to Prison
4.10.2023
Three individuals involved in a global fraud and money laundering operation linked to the cryptocurrency scheme, AirBit Club, have received prison sentence, Department of Justice revealed in a press release.
Scott Hughes, an attorney who played a key role in laundering approximately $18 million...
Royal Thai Police Retrieves $277 Million From Fraudsters With Binance’s Help
3.10.2023
The Cyber Crime Investigation Bureau (CCIB), an arm of the Royal Thai Police, has announced the successful retrieval of $277 million (about 10 billion THB in local currency) in digital funds from internet fraudsters, all thanks to its collaboration with the Binance exchange. ...
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Sam Bankman-Fried's Deal with Tom Brady: $55 Million for 20 Hours of Work
3.10.2023
Sam Bankman-Fried had agreed to pay sports icon Tom Brady $55 million for just 20 hours of his time annually over a span of three years.
Despite Bankman-Fried's reported lack of interest in sports, he entered into lucrative partnerships with Brady and his then-wife Gisele Bündchen, appointing them...
Suspicious Activity: FTX Hacker Moves 22,500 ETH Worth $37 Million – What's Going On?
3.10.2023
In a series of concerning transactions, the hacker or group of hackers believed to be behind last year’s infamous FTX hack has moved millions of dollars’ worth of stolen crypto.
In the past few days, the so-called FTX hacker has transferred 22,500 Ether (ETH), equivalent to about $37 million...
From Half a Million to 27K: Bitcoin’s Transaction Backlog Set to Clear for First Time in Four Months
3.10.2023
It’s been a captivating four months since Bitcoin’s mempool last emptied, and with the recent downturn in Ordinal inscriptions this month, the backlog now holds a mere 27,210 unconfirmed transactions. Bitcoin’s Transaction Backlog Nears End as Ordinal Inscriptions Wane A little...
You Can Pilot Your Very Own Transformable Mecha Suit For A Cool $3 Million
3.10.2023
A Tokyo-based robot manufacturer is selling a pilotable mecha robot that looks like it came straight out of Mobile Suit Gundam (or Patlabor if you’re really cool) for a whopping $3 million.Read more