Business
Nishad Singh’s described an organization that allegedly defrauded FTX customers and Sam Bankman-Fried’s dismissiveness toward senior managers who expressed concerns about the firm’s balance sheet.
Crypto scams seem to be getting more savvy and sneaky, ensnaring even the likes of Vitalik Buterin as well as retail investors. But hackers aren’t just experts on crypto – they have a deep understanding of human behavior.
Last week, the Financial Conduct Authority (FCA) restricted the promotional partner Binance had selected to help comply with new regulations.
The USDT stablecoin issuer was working with law enforcement to crack down on the illicit use of crypto to fund terrorism and war.
Bitcoin
The token climbed from $27,900 after a social media post that the SEC had approved BlackRock’s application.
SBF’s trial, and his depiction by Michael Lewis, show a man with no morals, remorse or empathy.
The GBTC discount to NAV is down to 15.87% for the first time since December 2021, when Bitcoin was trading at an all-time high.
Lawyers for the former FTX CEO claim he has struggled to concentrate during his trial because of a lack of access to his prescribed medication.
Sam Bankman-Fried’s defense team tried to pin down Zac Prince, but he deflected thorny questions and was a credible witness for the prosecution.
Last year, CertiK raised $148 million at a $2 billion valuation from notable investors that included SoftBank Vision Fund and Tiger Global.
