Faruk Fatih Özer, the founder of the collapsed Turkish crypto exchange Thodex, his sister Serap Özer and his brother Güven Özer have been sentenced to 11,196 years, 10 months and 15 days in prison. Source
Binance co-founder and CEO Changpeng ‘CZ’ Zhao has hosed down recent rumors against his firm, assuring its balance sheet and employee retention remain robust, despite the recent market uncertainty. The Binance boss blamed negative news, rumors, bank runs, lawsuits, the closing of fiat channels, product wind-downs and employee turnovers for creating an environment of FUD (fear, uncertainty, doubt) in a Sept. 7 post on X (Twitter). Saw some debates in the community. When you do the right thing, and there is FUD, you don’t have to do anything. The community…
A judge ruled a California courtroom is the wrong venue since Egorov wasn’t living in the state when the alleged misdeeds took place. Source
A group of Nigerian professionals in digital assets took to the stage at the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN)’s Digital Assets Summit 2023, held in Abuja, the nation’s capital, to discuss the future of digital assets in Nigeria in regards to regulation. In the panel titled “The Future of Digital Assets: Regulatory Uncertainty and the Way Forward,” the group discussed why the implementation of digital assets regulation and blockchain policy has been slow in Nigeria. The developmental regulation created by NITDA is a big step towards understanding…
Mashinsky had already put his Austin, Texas property that was acquired in 2021 with Celsius proceeds, on sale for about $2.49 million. The former Celsius Chief Executive Officer (CEO) Alex Mashinsky faces more financial hurdles after United States Judge Jed S. Rakoff ordered his assets to be frozen as the criminal case with the Department of Justice (DOJ) continues. According to court filings, Mashinsky and any of his representatives have been ordered not to sell, transfer, or pledge any of his assets. Notably, Mashinsky’s funds in Goldman Sachs Group Inc…
CryptoX – Cryptocurrency Analysis and News Portal On August 16, New York Judge Jed Rakoff issued an edict forbidding financial institutions from selling assets in a number of Goldman Sachs bank accounts held in the name of the Koala LLC company and a residential property in Austin, TX, the filing said. Source The post Former Celsius CEO Mashinsky’s Assets Ordered Frozen by U.S. Court After Arrest on Fraud Charges appeared first on CryptoX. CryptoX Portal
On August 16, New York Judge Jed Rakoff issued an edict forbidding financial institutions from selling assets in a number of Goldman Sachs bank accounts held in the name of the Koala LLC company and a residential property in Austin, TX, the filing said. Source
Altman’s intentions regarding potential investments in Indonesia remain undisclosed. However, his visit to Jakarta in June, where he spoke about the future of artificial intelligence, hints at his interest in the nation’s burgeoning technological landscape. Sam Altman, the Chief Executive Officer of OpenAI and a prominent figure in the world of artificial intelligence, has been granted Indonesia’s first golden visa. The Indonesian immigration authority issued a 10-year visa to Altman, citing his international reputation and the potential benefits he may bring to Indonesia. The golden visa program, introduced last month,…
Matter Labs CEO Alex Gluchowski has proposed a hierarchical court system within the Ethereum network, mirroring real-world structures. In a Sept. 2 post on X (formerly known as Twitter), Gluchowski envisions an “Ethereum Supreme Court” that would function similarly to the US Supreme Court, serving as the ultimate adjudicator for disputes arising from smart contract issues. It would negate the necessity of involving traditional legal avenues or lawyers. Smart contract implementation risks remain the biggest unsolved problem of Defi. L2s are equally affected. Let me pitch an idea: L1 Fork…
Binance CEO Changpeng Zhao recently addressed various pertinent questions about the leading Bitcoin (BTC) trading venue and its future amid ongoing regulatory challenges. Zhao, known within the crypto sector as “CZ,” provided insight on the exchange’s current situation as well as BNB Chain’s momentum in a recent X (formerly Twitter) “Ask Me Anything” session. CZ debunks Binance rumors and FUD Zhao began by addressing the rumors surrounding Binance, emphasizing that negative news often spreads faster than the truth in the crypto world. He acknowledged the presence of FUD (fear, uncertainty,…