Search
Ex-General Counsel Sheds Light on FTX’s $7B Gap in Bankman-Fried Fraud Trial
22.10.2023
FTX’s former general counsel Can Sun testified Thursday in federal court that he was shocked to learn FTX founder Sam Bankman-Fried (SBF) had secretly transferred billions in customer funds to his hedge fund Alameda Research. Sun told prosecutors he resigned the day after realizing the scope...
Busy week for Uniswap, and Platypus recovers 90% of hacked funds: Finance Redefined
20.10.2023
Uniswap announced it would start charging a swap fee of 15% from Oct. 17, evoking mixed reactions from the crypto community
LBank Labs Demo Day Marks a Notable Collaboration in Web3 In Partnership With Collab+Currency and Blockchain Builders Fund
20.10.2023
PRESS RELEASE. On October 19, 20, and 23, the blockchain community converged for LBank Labs’ Demo Day, a collaborative effort with Collab+Currency and the Blockchain Builders Fund. The event garnered significant attention, with over 200+ registrants and a turnout of more than 150+ attendees...
Crypto’s Role in Terrorism Financing Overestimated, Chainalysis Shows
20.10.2023
Inaccurate methodologies have resulted in overstated metrics about the use of cryptocurrency by terror groups fighting Israel, according to Chainalysis. The analytics company has tried to “correct the record” on crypto’s role in terrorism financing amid ongoing hostilities in the Middle East....
Devolver Digital Just Set A Precedent More Studios Should Follow
19.10.2023
Occasionally, in times of crisis, gaming studios and publishers have worked to raise funds for people in dire need of humanitarian aid. Last year, for instance, Cyberpunk 2077 developer CD Projekt Red contributed to a fund for victims of the war in Ukraine, and Fortnite publisher Epic Games...
'Absolutely Not': FTX's Former General Counsel Says He Never Approved Loans of Customer Funds
19.10.2023
Can Sun testified on day 12 of the Sam Bankman-Fried trial
FTX Used Billions in Customer Funds to Buy Back Binance Stake
19.10.2023
Binance CEO Changpeng Zhao said in a 2022 post the company had received over $2.1 billion in binance usd (BUSD) stablecoins and FTX’s FTT tokens
Fidelity Submits Updated Spot Bitcoin ETF Application
19.10.2023
Fidelity has submitted an updated proposal for a spot bitcoin exchange-traded fund (ETF) to the U.S. Securities and Exchange Commission (SEC). The asset manager joins other applicants in continued efforts to address regulatory concerns that have stood in the way of approving the investment product....
Binance US Suspends Withdrawals in US Dollars
19.10.2023
Crypto exchange Binance US has suspended withdrawals in U.S. dollars. Users who want to withdraw their USD funds must first convert them into stablecoins or other cryptocurrencies, which can then be withdrawn. Binance US Updates Dollar Withdrawal Policy Binance US, the U.S.-based cryptocurrency...
Notre Dame Professor Reveals FTX's Financials: "It Must've Come from Customer Funds"
18.10.2023
The case against disgraced FTX founder Sam Bankman-Fried continued in Manhattan federal court Wednesday, with University of Notre Dame accounting professor, Peter Easton, revealing the results of a detailed analysis of FTX and Alameda Research's financial past....
Read More: Notre Dame Professor...
Investment Manager Methodic Unveils Ether Staking Fund Offering Exposure to ETH Price and Yield
18.10.2023
The Methodic CoinDesk ETH Staking Fund offers institutional exposure to spot ETH price and staking yields
First Mover Americas: FTX Proposes Returning Up to 90% of Customer Funds
17.10.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 17, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
DeSci-focused DAO community funds cancer research
17.10.2023
VitaDAO community agreed to fund an early-stage cancer research through the launch of a biotech company named Matrix Biosciences
Pension funds could use AI to cut costs, increase returns, says report
17.10.2023
Artificial intelligence is touted to provide a number of benefits to the management of pension funds, according to research from Mercer
FTX Plans to Return 90% of Customer Funds, But There's a Catch
17.10.2023
An amended proposal released early Tuesday will be filed by the FTX Debtors by mid-December if approved
FTX Engineer Reveals $8B Bug, Lavish Spending, and Political Donations in Explosive Testimony Against Bankman-Fried
17.10.2023
Nishad Singh, former director of engineering at FTX, testified this week against his former boss Sam Bankman-Fried, detailing a software bug that hid billions in missing funds and excessive spending on celebrities and real estate. Singh Points Finger at $8 Billion Bug and Bankman-Fried’s...
SBF Trial: What Did FTX’s Terms of Service Say About Customer Funds?
16.10.2023
A filing last week suggests Sam Bankman-Fried's defense wants to get back to the argument that Bankman-Fried did not technically commit wire fraud because FTX’s terms of service were worded in such a way that there's no case to argue funds were misappropriated
Blockfi CEO Blames FTX and Alameda Collapse for Firm’s Bankruptcy
14.10.2023
Blockfi CEO Zac Prince testified Friday that the downfall of FTX contributed to his company’s bankruptcy. Prince appeared as a government witness in the fraud trial of former FTX boss Sam Bankman-Fried (SBF). Blockfi’s Prince: Loans Wouldn’t Be Approved Knowing Alameda Used...
Saudi Arabian Funds, BlockFi's Founder, and a Star Witness: Recapping the Dramatic Second Week of Sam Bankman-Fried's Landmark Fraud Trial
14.10.2023
From FTX founder Sam Bankman-Fried's attempts to raise company funds from the Crown Prince of Saudi Arabia to using Thai prostitutes' identities in an attempt to unfreeze crypto accounts, the second week of Bankman-Fried's criminal trial proved damning for the disgraced "king of crypto."...
Read...
THORswap back online 6 days after halt over detecting FTX funds
13.10.2023
According to blockchain analytics firm Elliptic, the anonymous FTX exploiter has used THORSwap to convert ETH to BTC, which is traceable on-chain