Business
The militant group behind a deadly rocket strike last weekend was reportedly using crypto accounts to raise funds online.
In the hours after the crypto exchange filed for bankruptcy, staff raced to protect as many assets as possible from the unknown attacker.
Paypal and Bybit opted to pause crypto activities in the region ahead of the new rules from the UK Financial Conduct Authority.
In his testimony, FTX cofounder Gary Wang said that the insurance fund number FTX published on the site took the site’s daily volume, multiplied it by a random number, and divided it by a billion.
Sam Bankman-Fried’s investment in the AI startup that’s raising $2 billion in funding is irrelevant to his FTX fraud, say prosecutors.
If Judge Lewis Kaplan acts in line with the common practices of the United States District Court for the Southern District of New York, FTX insiders Gary Wang, Caroline Ellison, and Nishad Singh may be spared prison time.
The crypto developer platform mistakenly transferred funds from the Treasury to a GTC token contract.
DeFi
The Friend.tech inspired protocol said it had secured the funds to close a $3 million gap caused by an exploit.
While the defense continues to irritate Judge Kaplan, FTX co-founder Gary Wang testified that, just a few months after launch, SBF directed others to give Alameda Research special status on the exchange.
Funding dropped 36% compared to the second quarter, continuing its downward trend, according to a new Messari report.
