FTX collapse impacts Miami’s nightclub scene: Report
Young crypto entrepreneurs went from spending big bucks on champagne showers to being visibly absent from the nightclub scene. Go to Source Powered by WPeMatico
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Vitalik on Suspect Centralization, FTX’s ‘Absolute Fraud,’ Coinbase Confirms Bitcoin Holdings — Week in Review
As the smoke starts to clear around the massive crater left by the FTX disaster, Ethereum co-founder Vitalik Buterin has shared his thoughts on the ether community’s view of centralization. In related news, CME Group CEO Terry Duffy recalls in March when he called former FTX boss Sam Bankman-Fried an “absolute fraud.” Implosions notwithstanding, Coinbase … Read more
Estonia, US Arrest 2 Suspects in $575 Million Crypto Fraud Scheme
Law enforcement officers from Estonia and the United States have arrested two men for allegedly committing a large-scale cryptocurrency fraud. The Estonian nationals, who ran a crypto mining service and a fake virtual currency bank, laundered their proceeds, spent on cars and real estate, and donated to a politician. Estonian Police, FBI Detain 2 Crypto … Read more
CME Group’s CEO Called FTX’s Sam Bankman-Fried an ‘Absolute Fraud’ When They Met in March
According to the CEO of CME Group, Terry Duffy, the executive met with former FTX CEO Sam Bankman-Fried (SBF) last March at a conference, and Duffy ended up calling the FTX frontman a “fraud.” When Duffy sat down with SBF, the former FTX executive said his end goal was to compete with CME Group. Last … Read more
Bankrupt crypto exchange FTX begins strategic review of global assets
FTX debtors are in talks with finserv firm Perella Weinberg Partners for various sale or reorganization attempts. However, the engagement of PWP is subject to the bankruptcy court’s approval. Go to Source Powered by WPeMatico
SBF’s lawyers terminate FTX representation due to conflicts of interest
Attorney Martin Flumenbaum believed that Sam Bankman-Fried’s “incessant and disruptive tweeting” negatively impacted the reorganization efforts of the lawyers. Go to Source Powered by WPeMatico
Albanian Court Approves Extradition of Crypto Exchange Thodex Founder to Turkey
A court in Albania has ordered the extradition of the fugitive founder of cryptocurrency exchange Thodex to Turkey, where he is sought for fraud and other crimes. Faruk Ozer was arrested in Albania this summer, after disappearing last year as the coin trading platform collapsed. Albanian Judiciary Prepares to Hand Over Alleged Crypto Fraudster and … Read more
Crypto scammers are using black market identities to avoid detection: CertiK
The blockchain security firm has uncovered a new tactic used by crypto scammers as the industry continues to improve its fraud detection capabilities. Go to Source Powered by WPeMatico
Sam Bankman-Fried, FTX, Alameda Were Accused of Conspiracy, Racketeering, and Market Manipulation 3 Years Before FTX Collapsed
Amid the latest bankruptcy case filed by FTX Trading Ltd., U.S. regulators want to crack down on crypto exchanges, and a class action lawsuit has been issued against former FTX CEO Sam Bankman-Fried (SBF) and 12 celebrities. However, this is not FTX’s and Alameda Research’s first rodeo with the U.S. court system and financial investigations. … Read more
Terra Labs, Luna Guard commission audit to defend against allegations of misusing funds
The audit tracked efforts to defend the UST peg May 8-12 and no found wrongdoing. LFG used the data to draw conclusions about frozen funds. Go to Source Powered by WPeMatico
