Caroline Ellison, Nishad Singh and Gary Wang were close friends and roommates of Bankman-Fried as much as they were colleagues. Ellison was emotionally invested with the FTX founder and troubled by the former couple’s on-and-off relationship, which according to a diary entry from her, slowly fizzled out in February 2022. Source
With the license approval, Coinbase has now joined the ranks of other crypto companies with full licenses, demonstrating the country’s commitment to fostering a vibrant and well-regulated digital assets ecosystem. Leading American cryptocurrency exchange Coinbase has been granted an operational license in Singapore through its subsidiary to service its customers in the region legally. On October 1, Coinbase announce it received a regulatory nod from the country’s central bank, the Monetary Authority of Singapore (MAS), to operate as a Major Payment Institution (MPI) company. This regulatory milestone allows the US-based…
Q1 witnessed $330 million in losses, while Q2 reported $333 million. In stark contrast, the third quarter already recorded losses of nearly $890 million. September 2023 has proven to be a grim month for the crypto market, with blockchain analytics firm CertiK revealing that it has witnessed a staggering rise in crypto-related exploits, hacks, and scams during this period. According to CertiK’s findings, a total of approximately $332 million has been lost to these illicit activities within the span of a single month. Notable Exploits Flagged by CertiK CertiK highlighted…
Lewis, however, noted that there was no way for SBF to confirm if that number came directly from Donald Trump. Michael Lewis, who currently documents the ‘grace to grass’ story of Sam Bankman-Fried (SBF) has revealed some unpopular facts about the FTX founder. According to the acclaimed author of “The Big Short” and “Flash Boys”, Bankman-Fried once contemplated paying Donald Trump $5 billion to make him stop running for the United States presidency. Lewis, while speaking during a Sunday CBS interview, also shared that SBF did some research into the…
Solana (SOL) has been on an impressive winning streak, with its price chart resembling the formation of an inverted head and shoulders pattern, a bullish technical indicator signaling potential upward momentum. This surge in SOL’s value has grabbed the attention of crypto enthusiasts and traders alike. At the time of writing, SOL is trading at $24.39, according to CoinGecko. Over the past 24 hours, the coin has rallied by an impressive 14.5%, contributing to a seven-day surge of 25.4%. Notably, SOL recently breached the resistance level of $22.2, which now…
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Despite this major shuffle by FTX exploiter, Ethereum price has gained to $1,750 levels before the launch of Ethereum futures ETFs. Recent data from Spot On Chain indicates that an address associated with the FTX exploit, specifically identified as 0x3e9, has initiated transfers exceeding 10,000 Ether (ETH), currently valued at approximately $17 million. These transfers happened through five different addresses starting from September 30. Notably, these addresses had been dormant for several months before this recent activity. Of the 7,749 ETH, which is valued at approximately $13 million, a substantial…
Decentralized social media platform Friend.tech, based on Coinbase’s layer-2 protocol, Base, has touched new heights in terms of revenue growth and total value locked on its platform. According to data from Dune Analytics, Friend.tech’s revenue has surged to 10,663 Ether (ETH), and its total value locked (TVL) grew to over 30,000 ETH on Oct. 2. The recent boom in its revenue and trading activity comes amid a decline in hype from its early days of launch. As a decentralized social network platform launched in August 2023, Friend.tech enables users to swap…
The third quarter of 2023 has been the “most financially damaging” quarter of the year, with almost $700 million in digital assets lost to various security incidents, according to the quarterly report of blockchain security firm CertiK. Within the report, CertiK highlighted 184 security incidents in July, August and September 2023, with over $699 million in crypto assets lost in the quarter, surpassing first-quarter losses of $320 million and second-quarter losses of $313 million. Among the exploits that led to the losses, private key compromises have been listed as the…
“Even his best friends, inside the company said, ‘Sam is just not built to manage people,’” Lewis said, adding that Bankman-Fried didn’t know the names of other members of the board of directors, and appears to have viewed their role as mere rubber-stamping. Source