FTX’s Sam Bankman-Fried arrest spells doom for Tether and Binance
Following his arrest in the Bahamas, SBF will have to face charges brought against him, with former FTX CEO John Ray III set to testify in court over the exchange's collapse.
Following his arrest in the Bahamas, SBF will have to face charges brought against him, with former FTX CEO John Ray III set to testify in court over the exchange's collapse.
This week’s dramatic implosion of the FTX exchange continues to disgorge a seemingly nonstop parade of machinations and sordid revelations that threatens to engulf the entire digital asset sector.
Kraken was founded in 2011 by Jesse Powell while visiting his friend Roger Ver in Tokyo to deal with the aftermath of an early security breach at Mt. Gox exchange.
A lot has changed since Bitcoin's inception, and while Dr. Craig Wright continues to fight for his vision, the road ahead is full of hurdles as opportunists attempt to taint the protocol for their gain.
Neither the SEC's suit nor the CFTC civil suit filed against Binance/CZ includes money laundering charges—suggesting that the DoJ's long-anticipated criminal case against CZ is just around the corner.
3AC founders came out swinging against SBF's FTX and DCG's Barry Silbert, accusing the two of colluding to attack Terra and, by extension, 3AC, as well as engaging in a Ponzi scheme.
Reuters recently published an update on Tron's growing popularity with Islamic terror groups, to the point that it has eclipsed BTC as the chain of choice for Iranian-backed groups.
Cameron Winklevoss says some 340,000 Gemini Earn users have been “defrauded” by DCG subsidiary Genesis Global Capital and, by extension, by Silbert “and other key personnel.”
Wall Street Journal recently reported on internal communications that poke larger holes in Binance’s repeated assertions that the Binance.US exchange is an independent entity.
It “appears” that Deltec Bank “misrepresented the purpose and use” of its MUFJ accounts, which were opened with MUFJ by Deltec on behalf of unspecified corporate clients.
The Wall Street Journal recently released a video interview with Brian Armstrong the day after the U.S. Securities and Exchange Commission filed a lawsuit accusing Coinbase of operating an unregistered securities exchange, broker and clearing agency.
On March 23, Hindenburg Research issued a lengthy report on how "inflated user metrics and 'frictionless' fraud facilitation enabled [Block] insiders to cash out over $1 billion."