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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want to withdraw their USD funds must first convert them into stablecoins or other cryptocurrencies, which can then be withdrawn.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....
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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."...
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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
Voyager Digital was ‘no better than a house of cards’ — CFTC commissioner
13.10.2023
CFTC Commissioner Kristin Johnson’s comments came after separate lawsuits from the CFTC and FTC were filed against Voyager and its former CEO Stephen Ehrlich
JPMorgan’s Tokenized Collateral Network Facilitates Blackrock-Barclays Trade
13.10.2023
Banking giant JPMorgan Chase has debuted its blockchain-based collateral settlement system. Blackrock became the first client to use JPMorgan’s Tokenized Collateral Network (TCN). The world’s largest asset manager used the system to convert shares in one of its money market funds into digital...
Stars Arena recovers 90% of exploited funds after onchain negotiations
12.10.2023
Stars Arena negotiated with the attacker over the course of four days, eventually recovering 90% of funds in exchange for an agreement not to prosecute
Elliptic: FTX Hacker Laundered Stolen Crypto Funds Through Russian Crime Networks
12.10.2023
Close to a year has passed, and the hacker responsible for the staggering $477 million heist from the now-defunct crypto exchange FTX still remains elusive. Yet, Elliptic, a leading blockchain analytics firm, has meticulously mapped the intricate journey of the stolen funds, shedding light on...
US Inflation Rises Beyond Projections: Markets Jittery, Rate Hike in Question
12.10.2023
In September, U.S. inflation surpassed expectations, with the U.S. Bureau of Labor Statistics revealing a 3.7% year-on-year surge in the consumer price index (CPI), as per the latest data. While core inflation slightly decreased from 4.3% to 4.1%, market pundits anticipate that the U.S. Federal...
Stars Arena receives nearly 90% of the lost funds
12.10.2023
Stars Arena has posted an update, informing the community that the team has recovered approximately 90% of the funds that were lost previously. The development comes as Stars Arena reaches an agreement with the individual behind the drainage. They have been awarded 10% of the bounty along with...