Tag: CEO

NY Attorney General Sues Former Celsius Network CEO for Defrauding Clients

New York’s state attorney general Letitia James revealed on Twitter that she is suing the former Celsius Network head for defrauding investors out of billions of dollars. Who would have thought that the once-upon-a-buzzing crypto industry would have to fight so many legal battles? While former FTX CEO Sam Bankman-Fried is still making headlines amid his court cases, Celsius Network CEO Alex Mashinsky has been sued for defrauding investors. Celsius Network filed for Chapter 11 bankruptcy in July 2022, saying it would help the company stabilize and develop a restructuring plan.…

Dogecoin (DOGE) Performs Poorly after Elon Steps Down as Twitter CEO, Litecoin (LTC) Got an MWEB Upgrade This Year While Snowfall Protocol (SNW) Performed Well in Presale Stage 3

Place/Date: – January 6th, 2023 at 7:06 am UTC · 4 min read Source: Snowfall Protocol After Elon Musk has broken his silence in response to a user poll on Twitter asking whether he should resign as CEO of the social networking firm, the value of Dogecoin (DOGE) has been steadily declining. The privacy-based Mimblewimble Extension Blocks (MWEB) upgrade for Litecoin (LTC), which was completed in May 2022 and increased the currency’s possibility of becoming the preferred payment method for private transactions, has been Litecoin’s (LTC) biggest upgrade this year.…

Former Celsius CEO Mashinsky Sued By New York State for Defrauding Investors

The lawsuit accuses the ex-CEO of the cryptocurrency lender of making many false claims about the number of Celsius users, its strategies to recruit investors and the nature of what it was investing in, claiming its money went to safe, low-risk investments with reliable businesses. The suit also accused him of incorrectly asserting that Celsius had been safer than a bank, though it operated without the typical regulatory safeguards that go with banking in the U.S. Source

MyEtherWallet CEO talks about the future of crypto self-custody

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In the third episode of the Hashing It Out podcast, Cointelegraph’s Elisha Owusu Akyaw discusses the future of noncustodial cryptocurrency wallets with Kosala Hemachandra, CEO of MyEtherWallet. Recent issues with centralized platforms have put the spotlight on decentralized applications (DApps), and self-custody — where users keep their funds completely under their responsibility — has become a major trend. Check the whole library of Cointelegraph podcasts here. MyEtherWallet is one of the oldest noncustodial wallets with a focus on the Ethereum blockchain. According to Kosala Hemachandra, the wallet went live just…

Crypto Firm Wyre Reportedly Shuts Down After Canceled Bolt Acquisition, CEO Claims Firm Is Just ‘Scaling Back’ Operations – Bitcoin News

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According to several reports, Wyre, a cryptocurrency payments firm, is allegedly sunsetting its business. Wyre’s purported wind down follows Bolt, another payments company, canceling its plan to acquire Wyre in September. Wyre CEO Ioannis Giannaros, however, told Axios that the company is “still operating” and is simply “scaling back.” Wyre Cryptocurrency Payments Firm Allegedly Shutting Down, CEO Denies Reports of Winding Down Operations On Jan. 4, 2023, Axios published a report that said Wyre, the digital currency payments platform, was winding down the company’s operations. Furthermore, several other reports about…

Former FTX CEO Sam Bankman-Fried Pleads Not Guilty to Criminal Charges, Bond Signees’ Names Remain Sealed  – Bitcoin News

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On Jan. 3, 2023, the former FTX CEO Sam Bankman-Fried (SBF) pleaded not guilty to eight criminal charges that involve two counts of wire fraud and six counts of conspiracy. In addition to the not guilty plea, SBF’s judge Lewis Kaplan granted the defendant’s request to keep the names of his $250 million bond signees redacted. Sam Bankman-Fried Pleads Not Guilty to Criminal Charges and Fights to Keep Bond Signees Anonymous in Court Disgraced FTX co-founder Sam Bankman-Fried (SBF) said he’s not guilty of the eight charges against him when…

Ripple CEO Holds High Hopes for Crypto Regulatory Clarity in US in 2023

Brad Garlinghouse believes it is a good thing that the US would not be starting from scratch in its pursuit of regulatory clarity. Ripple CEO Brad Garlinghouse has said he is fairly optimistic about the United States crypto industry gaining regulatory clarity this year. He shared his thoughts via a series of Twitter posts on the first day of the 118th Congress. Ripple CEO Says Current Bills Give Hope In his commentaries, Garlinghouse noted that it is a good thing that the US would not be starting from scratch in…

Ripple CEO optimistic about US ‘regulatory clarity for crypto’

Ripple’s CEO, Brad Garlinghouse, shared in a Jan. 3 Twitter thread he’s “cautiously optimistic” about the United States gaining “breakthrough” regulatory clarity for the cryptocurrency industry in 2023. To mark the first day of the 118th Congress, Garlinghouse shared his hopes of 2023 being the year the U.S. gained regulatory clarity for crypto and added support for regulation is “bipartisan & bicameral.” Today is the first day of the 118th Congress. While prior efforts at regulatory clarity for crypto in the US have stalled, I am cautiously optimistic that 2023…