Bitcoin mining pool BTC.com reports $3M cyberattack
BTC.com, the seventh-largest Bitcoin mining pool, said that its client fund services are unaffected by the recent $3 million cyberattack. Go to Source Powered by WPeMatico
Law
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Russia to Ban Banks From Using Messengers Like Telegram to Contact Customers
Financial institutions in Russia will not be able to communicate with clients through instant messengers based outside the country, local media revealed. A new law passed by the State Duma also prohibits banks from using chats to send personal data and payment documents. Bill Restricts Russian Banks and Brokers From Sending Sensitive Information Through Foreign … Read more
Blockware sued over alleged misrepresentation of miners’ performance
The plaintiff claims losses of $250,000 and seeks compensatory and punitive damages. Go to Source Powered by WPeMatico
FTX paid $12M retainer to a New York law firm before bankruptcy filing
Sullivan & Cromwell LLP (S&C), a law firm headquartered in New York City, received $12 million from West Realm Shires Services Inc. on behalf of FTX for legal services. Go to Source Powered by WPeMatico
Russian Parliament Postpones Adoption of Crypto Mining Bill
Russian lawmakers will consider a draft law on cryptocurrency mining in 2023 despite earlier indications they were going to vote on the proposal in December. The bill is expected to set the rules for the extraction and sale of cryptocurrency in Russia amid sanctions limiting the country’s access to global finances and markets. Russia’s New … Read more
Former Alameda CEO confirms firm borrowed billions from FTX customer deposits as part of plea deal
According to court documents, Caroline Ellison said she and SBF signed off on “materially misleading financial statements” for Alameda lenders — knowing it was illegal. Go to Source Powered by WPeMatico
SEC general counsel announces departure from public service
“After thirty-four years of public service, it is time for me to pursue new and different challenges and opportunities,” said Dan Berkovitz. Go to Source Powered by WPeMatico
Brazilian president signs crypto bill into law
The law included many digital currencies under the definition of legal payment methods in Brazil and established a licensing regime for virtual asset service providers. Go to Source Powered by WPeMatico
Third parties could return FTX funds directly to customers: Law firm
According to Louise Abbott, FTX users could claim in court that assets “remained their property at all times” and could be treated separately from bankruptcy proceedings. Go to Source Powered by WPeMatico
Sam Bankman-Fried is one step closer to US extradition: Report
Officials from the U.S. Embassy, FBI, and U.S. Marshals Service were reportedly in attendance to witness the former FTX CEO waiving his right to a formal extradition process. Go to Source Powered by WPeMatico
