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” Democrats to reportedly return over $1M of SBF’s funding to FTX victims “ Following the arrest of former FTX CEO Sam Bankman-Fried (SBF), three prominent Democratic groups have reportedly decided to return over $1 million to investors that lost their funds due to misappropriation. On Dec. 16, the Democratic National Committee (DNC), the Democratic…
” Charges laid over alleged ‘crypto mining’ Ponzis that netted $8.4M “ United States prosecutors have laid charges in two separate cases against nine people who founded or promoted a pair of cryptocurrency companies alleged to be Ponzi schemes that netted $8.4 million from investors. On Dec. 14 the U.S. Attorney’s Office for the Southern…
” US Trustee names Wintermute on creditor committee in FTX bankruptcy case “ A United States Trustee has announced nine creditors to the committee responsible for part of crypto exchange FTX’s bankruptcy proceedings. According to court documents filed Dec. 15, U.S. Trustee Andrew Vara named crypto market maker Wintermute Asia among those on the ‘Committee…
” Senate FTX hearing: calls for regulation and crypto criticisms aplenty “ United States lawmakers with the Senate Banking Committee had their share of crypto proponents and skeptics in a hearing exploring the collapse of the FTX exchange. In a Dec. 14 hearing on ‘Crypto Crash: Why the FTX Bubble Burst and the Harm to…
” Anonymous crypto developers belong in prison — and will be there soon “ In the months following the announcement of my company’s first experimental title, Cyberstella, visits to my personal LinkedIn profile increased by an astonishing 300%. What does this tell us about the rising trend of anonymous developers popping up in every Web3…
” Will FTX’s ill wind reach the Global South? Maybe not “ With the crypto world still reeling from the FTX collapse, Brazil recently passed legislation that legalized cryptocurrency use for payments in the country. How to reconcile this with all those declarations in the West that crypto is having its “Lehman moment”? Brazil may…
” Binance US finally rolls out mobile payments service to US customers “ United States crypto exchange Binance US has finally rolled out its Binance Pay service — some 22 months after the feature was launched by the global exchange to its customers outside the U.S. in 2021. The service, which was rolled out a…
” What Goldman Sachs’ CEO misunderstands about private blockchains “ Only one of the following news items is real, but someday, all will sound equally comical. Headline, 1896: The owner of Wagoneer & Sons, a leading horse-drawn carriage maker, has announced the adoption of a new machine called the “internal combustion engine” to improve its…
” Crypto hotspots continue to thrive despite FTX collapse “ The sudden failure of FTX has left many people questioning the impact this will have on the cryptocurrency ecosystem. For instance, it remains questionable whether or not crypto hotspots will continue to flourish or if there will be a decline in innovation. While it may…
” SEC charges FTX CEO SBF for defrauding investors a day after his arrest “ The United States Securities and Exchange Commission (SEC) has filed charges against Sam Bankman-Fried, the former CEO of now-bankrupt crypto exchange FTX. The SEC has charged Bankman-Fried with violating the anti-fraud provisions of the Securities Act of 1933 and the…