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FTX’s SBF Hit With Fresh Batch Of Bank Fraud Charges

[Feb 23, 2023 12:45 PM] Former FTX CEO Sam Bankman-Fried (SBF) is facing a new slate of bank fraud charges this week, including the likes of conspiracy to operate an unlicensed money-transmitting business and conspiracy to commit bank fraud. A newly-released indictment…

How Binance Moved $400 Million To CZ Owned Trading Firm

[Feb 16, 2023 4:03 PM] According to a recent report from Reuters, crypto exchange Binance moved $400 million from a “secret” account linked to its U.S. subsidiary, Binance.US, in 2021. The funds were allegedly sent to a trading firm owned by the crypto exchange’s CEO…

Breaking: CoWSwap Loses $150,000 In Exploit

[Feb 7, 2023 3:06 AM] CoWSwap has been hacked for $150,000, according to a statement endorsed by the DeFi protocol. CoWSwap Hacked For $150,000 According to the team, hackers took advantage of a code flaw in CoWSwap’s settlement contract and made away with $150,000. The…

Avalanche Partners With Amazon, What’s Next For The Price?

[Jan 11, 2023 2:15 PM] Avalanche and its dApp ecosystem shall now be supported by Amazon Web Services (AWS), which also comprises one-click node deployment through the AWS marketplace. With this partnership with AWS, Ava Labs can help customers deploy custom offerings…

Ethereum Price Records 9% Rise, Why Traders Bet On More Profits

[Jan 10, 2023 10:58 AM] The Ethereum price has been trending to the upside over the past week as the general sentiment in the market improves. The second crypto by market capitalization could extend its gains if macroeconomic conditions continue to support the rally.  As…

Why Bitcoin Will Come Out Ahead In A Recession, Top Analyst Claims

[Jan 6, 2023 9:27 AM] Bitcoin keeps moving with no clear direction in the first week of 2023. Following a rejection from a critical resistance zone, the cryptocurrency returned to its range and could be gearing up for a re-test of support.  In the meantime, altcoins are…

SEC Charges SBF Of Allegedly Conducting Fraud Schemes

[Dec 13, 2022 9:03 AM] The crypto community was left shell-shocked in November 2022 when FTX – one of the leading crypto exchange platforms, filed for bankruptcy. Pessimism towards crypto is at an all-time high, with famous investors like Warren Buffet seemingly right…

FTX Hacker Mobilizes Ethereum Again, Lock And Loaded For The Dump?

[Nov 21, 2022 11:51 AM] Massive selling pressure from the crypto exchange FTX hacker hit Ethereum; the bad actor has been dumping the cryptocurrency during the weekend. This “dumping,” selling an asset in the market, is creating panic in the crypto market. The hacker…

FTX New CEO John Ray Reveals More Scandals In Court Filing

[Nov 17, 2022 9:25 AM] The new CEO of collapsed crypto exchange FTX, John Ray III, has filed an initial statement with the U.S. Bankruptcy Court for the District of Delaware, making a scathing judgment of Sam Bankman-Fried and his companies. Ray was appointed CEO of FTX…

Binance Pulls Out OF FTX Deal, Bitcoin Crashes Below $16,000

[Nov 9, 2022 3:27 PM] Crypto exchange Binance is officially out of the FTX agreement. According to an official statement, the company won’t purchase its competitor. Via its official Twitter handle, Binance claims that regulatory pressure and other factors impacted their…

FTX Legal Department Jumps Ship, Binance Deal Fizzles Out

[Nov 9, 2022 1:21 PM] The FTX drama continues as the deal with its competitor Binance falls apart. According to several reports, employees at the platform are fleeing amid growing concerns about a massive $6 billion hole on the company’s balance sheet. A report from…