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Terraform Labs And Do Kwon Push For $1 Million SEC Fine Opposed To $5.8 Billion Demanded After Terra-Luna Crash
30.4.2024
Lawyers for Terraform Labs and its founder Do Kwon are pushing for a fine of $1 million as opposed to the United States Securities and Exchange Commission (SEC)’s proposed $5.3 billion, new court docs reveal. Kwon and the crypto company were found liable for the Terra-Luna collapse by a jury trial...
Chart Veteran Who Predicted Bitcoin’s 2018 Collapse Says the Bull Market May Be Over
29.4.2024
Brandt's latest view is based on a statistics concept called "exponential decay."
Peter Schiff Says It’s “Not Looking Good” For Bitcoin HODLers After Price Slump
26.4.2024
Peter Schiff thinks $60,000 could be Bitcoin's final line of price support before imminent collapse.
The post Peter Schiff Says It’s “Not Looking Good” For Bitcoin HODLers After Price Slump appeared first on Cryptonews
Sam Bankman-Fried Agrees to Help FTX Investors Go After Celeb Promoters
22.4.2024
Sam Bankman-Fried has inked a settlement agreement with a group of FTX customers who have agreed to drop their class action lawsuit against him in exchange for his help going after celebrity promoters of the collapsed exchange
Could Stablecoin Ethena (USDe) Collapse Like Terra LUNA? CryptoQuant Investigates
18.4.2024
Ethena (USDe) needs a sufficient reserve fund to stay solvent as its market cap grows, analysts say.
The post Could Stablecoin Ethena (USDe) Collapse Like Terra LUNA? CryptoQuant Investigates appeared first on Cryptonews
U.S. Senators Elizabeth Warren and Charles Grassley Demand CFTC Chair Rostin Benham Explain Ties To Sam Bankman-Fried
16.4.2024
U.S. Senators Elizabeth Warren and Charles E. Grassley are demanding Commodity Futures Trading Commission (CFTC) Chair Rostin Benham shed light on correspondence he had with FTX founder Sam Bankman-Fried in the lead-up to the exchange’s collapse, a letter from the lawmakers to Benham dated April...
Peter Schiff Predicts Bitcoin To Drop to $20K Price Level
15.4.2024
On April 14, well-known Bitcoin critic Peter Schiff projected that the price of BTC may drop to $20K. Additionally, he issued a cautionary statement, stating that in the event of a price collapse, Microstrategy—the biggest corporate Bitcoin holder—may lose an estimated $2.7 billion.
The post Peter...
Australian Crypto Mining Companies Collapse into Liquidation Owing 450 Investors
12.4.2024
ASIC launched civil proceedings against three crypto mining firms, collectively known as NGS Companies, including its directors.
The post Australian Crypto Mining Companies Collapse into Liquidation Owing 450 Investors appeared first on Cryptonews
FTX Founder Sam Bankman-Fried Appeals Fraud Conviction
11.4.2024
FTX founder Sam Bankman-Fried filed to appeal his conviction and sentence for fraud and conspiracy charges on Thursday, hours before his deadline to do so
Is the Sam Bankman-Fried Story Over?
10.4.2024
Last month, I attended Sam Bankman-Fried's sentencing hearing. Not that anyone asked, but I have some thoughts
Bitcoin Exchange Reserves Plummet To Multi-Year Lows, Under 2 Million Left: CryptoQuant
4.4.2024
The number of coins available on Bitcoin exchanges has steadily fallen since the collapse of FTX.
The post Bitcoin Exchange Reserves Plummet To Multi-Year Lows, Under 2 Million Left: CryptoQuant appeared first on Cryptonews
Sam Bankman-Fried Issues First Statement Since Sentencing: “I Never Thought What I Was Doing Was Illegal,” ABC News Reports
2.4.2024
Former “king of crypto” Sam Bankman-Fried is speaking out following his sentencing last week - telling ABC News that he "never thought" his actions were against the law. The FTX founder is currently serving a 25 year prison sentence and must pay an $11 billion fine for his role in the now doomed...
Sam Bankman-Fried Now Feels Remorse for His Actions After Getting a 25-Year Prison Sentence
2.4.2024
FTX founder and former CEO Sam Bankman-Fried has said "of course" he is remorseful for his actions after he was sentenced to 25 years in prison for fraud last week
Sam Bankman-Fried Breaks Silence: ‘Haunted’ by FTX Collapse, Vows to Appeal and Criticizes Legal Process
1.4.2024
The fallen founder of FTX, Sam Bankman-Fried (SBF), broke his silence for the first time since being sentenced to 24.25 years in prison, engaging in an email conversation with ABC News. SBF expressed that he is “haunted” daily by the events that transpired, emphasizing his stance that he “never...
LIVE: Sam Bankman-Fried Returns to New York Courthouse for Sentencing in FTX Fraud Case
28.3.2024
SBF returned to a federal courthouse in Manhattan for sentencing on Thursday
FTX Asks For “Sam Coins” To Be Declared Worthless, New Court Docs Reveal
27.3.2024
FTX is looking to declare FTX creditors’ “Sam Coins” effectively worthless, new court documents from a Tuesday hearing in Delaware reveal. The move marks the latest update in the crypto exchange's lengthy bankruptcy process following FTX's collapse in November 2022.
The post FTX Asks...
Trial Against Terraform Labs And Do Kwon Begins In NYC Following Prison Release
25.3.2024
The United States Securities and Exchange Commission’s (SEC) trial against Terraform Labs founder Do Kwon is set to begin in New York on Monday. As jury selection gets underway, the trial formally marks the beginning of the United States' quest for justice against Kwon following the collapse...
Bankers Are Lining Up Buyers for FTX’s 8% Stake in AI Startup Anthropic: Report
22.3.2024
FTX’s slice of artificial intelligence firm Anthropic is up for sale, and global investors including sovereign wealth funds are lining up for the chance to purchase the shares, according to a new report from CNBC citing unnamed sources
LayerZero CEO Accuses Kyle Davies of Seeking Full Treasury Allocation Before 3AC’s Collapse
22.3.2024
On March 21, LayerZero’s co-founder and CEO, Bryan Pellegrino, accused Kyle Davies, the co-founder of the now-defunct Three Arrows Capital (3AC), of trying to persuade his firm to transfer its entire treasury shortly before the liquidation of 3AC. Pellegrino made the allegation on his X post as...
Unabomber Prosecutor to Conduct FTX Probe Into Law Firm Sullivan and Cromwell’s “Conflicts of Interest”
22.3.2024
Unabomber prosecutor Robert J. Cleary has been approved by a U.S. bankruptcy judge to probe law firm Sullivan and Cromwell’s potential conflicts of interests in relation to FTX. Cleary's appointment marks a significant shift into the collapse of FTX following over a year of calls for an appointment...