Regulation
Citing flight risk concerns, authorities request Changpeng Zhao to stay in the U.S. ahead of his February 2024 sentencing following a guilty plea.
DeFi
KyberSwap alerted users to a “security incident” on its platform, where an estimated $48 million worth of crypto has been drained so far.
Business
The U.S. Court of Appeals rejected Sam Bankman-Fried’s request for a release on the grounds that he attempted to tamper with witnesses leading up to his trial.
Justin Sun, an investor in Hex confirmed the hack in a post on X. Onchain data provider Arkham Intelligence is offering a bounty to identify the source of the hack.
Bitcoin
The economic beliefs of Argentina’s new president contrast starkly with the foundational beliefs of Bitcoin enthusiasts.
Grayscale executives have sat down with the SEC to discuss the details around converting GBTC into a spot Bitcoin ETF.
Binance CEO Changpeng Zhao was released from custody on a $175 million bond – the conditions of which permit him to leave the US until his February sentencing.
The DOJ charged the world’s largest cryptocurrency exchange with operating as an unlicensed money laundering business and violating securities law. Richard Teng will replace Zhao as CEO.
“Financial advisors have been like horses in the starting gate of a race,” says Ric Edelman, founder of the Digital Assets Council of Financial Professionals.
The head of research at 3iQ, Mark Connors, said that bitcoin has asymmetric returns – a feature that investors widely covet.
