In this weekly recap, we cover:
- Ilya “Dutch” Lichtenstein admits to being the original hacker behind the 2016 Bitfinex cyberattack, a theft that escalated to a worth of $4.5 billion.
- The U.S. Department of Justice seeks to revoke the bail of former FTX CEO Sam Bankman-Fried amid allegations of witness tampering and leaking confidential information.
- FTX’s bankruptcy estate unveils a draft reorganization plan that includes a potential restart of the crypto exchange for non-U.S. customers, sparking criticism from the official committee of unsecured creditors.
- Binance may face U.S. Department of Justice fraud charges, causing a drop in the value of Bitcoin and Binance’s BNB token.
- Terraform Labs is granted permission by a U.S. federal judge to subpoena FTX for information pertinent to its defense against the SEC enforcement action.
- BALD token, a new meme coin launched on Coinbase’s Layer 2 network Base, sees a dramatic fall of 90% in value, after a meteoric rise in the preceding days, sparking a wave of speculation.
- The SEC files charges against Richard Heart, the founder of Hex, PulseChain, and PulseX, accusing him of raising over $1 billion through unregistered crypto offerings and defrauding investors out of $12.1 million.
- Entrepreneur Joel Dietz accuses blockchain software firm Consensys of appropriating the idea for MetaMask, the most popular web-based crypto wallet, in a recent lawsuit.
