Tag: FTX

Sam Bankman-Fried Seeks New Trial in FTX Fraud Case

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Former FTX chief CEO Sam Bankman-Fried has asked a federal court for a new trial on fraud charges, arguing that previously unavailable witness testimony could undermine the government’s case that led to his 25-year prison sentence. In a motion filed Feb. 5 in Manhattan federal court, Bankman-Fried challenged his 2023 conviction, though the request is separate from his formal appeal, as Bloomberg reported. Motions for a new trial face a high legal bar and are rarely granted. The filing was submitted to the court by Bankman-Fried’s mother, retired Stanford law…

Bitcoin Realized Loss Nears $900 Million, Highest Since FTX Crash

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Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor’s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started…

Fenwick Settles FTX User Lawsuit Over Work for Exchange

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The plaintiffs filed the lawsuit in 2023, accusing the law firm of playing “a key and crucial role” in “how the FTX fraud was accomplished.” FTX users and Fenwick & West have reached a proposed settlement over a 2023 lawsuit alleging the law firm helped carry out the fraud that led to the crypto exchange’s collapse over three years ago. Fenwick and lawyers representing FTX users said in a joint filing to a Florida federal court on Friday that they plan to lodge the proposed settlement with the court for…

Bridges Are Crypto’s Next FTX Waiting To Happen

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Opinion by: Kadan Stadelmann, chief technology officer of Komodo Platform Crypto didn’t get wrecked by regulators or some shadowy conspiracy. The industry did this to itself. It handed control of cross-chain liquidity to a handful of intermediaries, who it called “bridges,” wrapped assets in slick tickers, and pretended that was decentralization. Every time one of these house-of-cards systems collapses, billions vanish, and the rest of the industry shrugs, as if these were isolated accidents instead of warning sirens blaring across the ecosystem. Multichain’s collapse was a mess. The Ronin hack…

Pionnier du minage, Benoist revend ses 1000 Bitcoins à… 12$ 😬 #bitcoin #mining #crypto

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Pionnier du minage, Benoist revend ses 1000 Bitcoins à… 12$ 😬 🎙️ Benoist Rousseau @BenoistRousseauFR est Trader Pro, Membre du CME, Top 10 influenceur éco par Challenges, Fondateur du Blog andlil.com, Formateur dans le cadre de Séminaires & Coaching Pro : #trading #bourse #finance #benoistrousseau “J’ai additionné tous les bitcoins que j’avais créé “entre guillemets” (que j’avais miné) entre 2010 / 2011 / 2012 / 2013 à peu près, donc c’est là où ça fait rire tout le monde attention c’est le…

Crypto Fear & Greed Flashes ‘Extreme’ Longer Than Amid FTX Panic

Key Notes Crypto Fear & Greed Index has stayed in ‘Extreme Fear’ (0–24) for 14 straight days. It outlasts the index’s extreme readings during the November 2022 FTX collapse. BTC trades around $88,000, roughly five times higher than during the FTX crash. The Crypto Fear & Greed Index has printed ‘Extreme Fear’ for 14 straight days. On December 26, it stands at 20. This means a longer stretch of deep pessimism than during the November 2022 FTX collapse, even as BTC $88 645 24h volatility: 1.5% Market cap: $1.77 T…

How Bitcoin is Mined in Kenya

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io I paid a visit to Gridless Compute’s ( Bitcoin mining operations in Muranga County, accompanied by a group of Bitcoin Toxic Maximalists. These individuals firmly hold the belief that Bitcoin is the sole digital asset that will remain essential in the future, asserting that all other digital currencies are inferior to Bitcoin. ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

SEC Confirms Years-Long Director Bans for Former Alameda, FTX Execs

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Former Alameda Research CEO Caroline Ellison and former FTX executives Gary Wang and Nishad Singh will be barred from assuming company leadership roles for eight to 10 years following a court judgment. In a Friday notice, the US Securities and Exchange Commission said that it had obtained final consent judgments against Ellison, Wang and Singh for their roles in the misuse of investor funds at FTX from 2019 to 2022.  The former Alameda CEO consented to a 10-year officer-and-director bar, while Wang and Singh consented to eight-year officer-and-director bars each.…

Realized Bitcoin Losses Rise To FTX Crash Levels: Glassnode

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Bitcoin has taken a slide back to its April level of around $83,000, with mounting selling pressure prompting many investors to sell at a loss, reminiscent of major historic market crashes. Realized losses on Bitcoin (BTC) have surged to levels not seen since the 2022 FTX collapse, according to blockchain data platform Glassnode. “The scale and speed of these losses reflect a meaningful washout of marginal demand as recent buyers unwind into the drawdown,” Glassnode noted in an X post on Friday. Glassnode’s observation came minutes before Bitcoin slipped as…

Ex-prosecutor Denies Promising Not to Charge FTX Exec’s Partner

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Danielle Sassoon, one of the US attorneys behind the prosecution of former FTX CEO Sam “SBF” Bankman-Fried, took the stand in an evidentiary hearing involving a deal with one of the company’s executives.  In a Thursday hearing in the US District Court for the Southern District of New York, Sassoon testified about the guilty plea of Ryan Salame, the former co-CEO of FTX Digital Markets, which resulted in his sentencing to more than seven years in prison.  According to reporting from Inner City Press, Sassoon said that her team would…