Alameda wallets funnel over $1.7M via crypto mixers overnight
Data negates the possibility of liquidators behind the fund transfers due to the use of mixing tools and extensive planning to hide transaction paths. Go to Source Powered by WPeMatico
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Bankman-Fried may enter plea in NY federal court next week before Judge Lewis Kaplan
Bankman-Fried has claimed repeatedly that he does not consider himself to have criminal liability in the collapse of FTX, but his colleagues have already pleaded guilty. Go to Source Powered by WPeMatico
Onchain Sleuths Discover Funds Linked to Alameda Swapped for ETH, USDT, BTC by a Mysterious Entity
On Dec. 27, 2022, a number of onchain researchers noticed that funds connected to Alameda Research and FTX have moved and have been swapped for other tokens. Reports show the hacker known as the ‘FTX Accounts Drainer,’ traded large sums of ERC20 tokens for digital assets like tether, ethereum, and bitcoin. Funds Tied to Sam … Read more
FTX Customers File Class Action to Claim Assets Within Bankruptcy Case
A group of customers are now suing FTX in an attempt to become the first to recover funds from the insolvent cryptocurrency exchange. The lawsuit, filed as part of the bankruptcy case in Delaware, seeks a court ruling recognizing that their holdings with the trading platform belong to them rather than the failed company. Customers … Read more
Bitcoin underperforms stocks, gold for the first time since 2018
Bitcoin’s yearly losses are similar to high-profile stocks like Tesla and Meta, with BTC investors down 70% in 2022. Go to Source Powered by WPeMatico
FTX customers file class-action lawsuit to get priority reparations
Customer class members don’t want to stand in line along the creditors of a failed crypto platform. Go to Source Powered by WPeMatico
Alameda wallets become active days after SBF bail, community mulls foul play
The recent movement of funds from Alameda wallets just days after Sam Bankman Fried was released on bail raised many eyebrows about the timing. Go to Source Powered by WPeMatico
Venezuelan Banks Have Blocked Over 75 Accounts Since the End of Last Year Due to Cryptocurrency-Related Activities
Venezuelan Banks have started eyeing the accounts of customers with ties to cryptocurrency trading, principally related to peer-to-peer (P2P) transaction activity. According to Legalrocks, a crypto and blockchain-focused legal firm in Venezuela, more than 75 accounts have been blocked by Venezuelan private banks for facilitating crypto-to-fiat and fiat-to-crypto conversions since the end of 2021. Venezuelan … Read more
U.S. Department of Justice probing $372M FTX exploit – Report
The current whereabouts of the funds remain unknown. Go to Source Powered by WPeMatico
Top five crypto winners (and losers) of 2022
Bitcoin and Ethereum are not part of the surprising list of five best and worst-performing cryptocurrencies for 2022. Go to Source Powered by WPeMatico
