The shattered cryptocurrency exchange is looking at recuperating money it paid sponsors FTX is investigating if it can recoup the millions of dollars paid to celebrities like Shaquille O’Neal, Naomi Osaka, and other high-profile people and sports teams that promoted the bankrupt crypto exchange before it failed last November. In the 180+ page court filing
The Turkish founder of the Thodex exchange will spend the rest of his life behind bars Faruk Fatih Özer, former CEO of Turkish crypto exchange Thodex, was sentenced by a Turkish court to 11,196 years after he was charged with “establishing, managing and being a member of an organization,” “qualified fraud” and “laundering of property
The rules would cover brokers, but may signal an advance in crypto oversight in the US The Department of the Treasury and the Internal Revenue Service (IRS) released a proposal for cryptocurrency regulations focused on the reporting requirements of brokers. While the move doesn’t signal a major shift in policy, it might be a sign
It was the first outage since the platform went live Coinbase’s Base Network has experienced its first major outage since its public release on August 9. No new blocks were created on the Base layer-2 network chain for approximately 45 minutes on September 5. The “stalled” block production was first identified by developers at 9:36
The online casino and sportsbook is the latest to suffer a cyberattack this year On-chain analyst Cyvers and blockchain researcher ZachXBT reported on September 4 that Stake, the world’s biggest Australian cryptocurrency sportsbook and casino platform, was targeted in a cyberattack, where it lost over $41 million in cryptocurrencies. Cyvers alerted Stake.com users to news
The ongoing legal debates involving the SEC, Coinbase and Ripple could alter the entire ecosystem Pro-XRP lawyer John Deaton, who represents numerous XRP token-holders, recently traced the possible steps the two parties might take amid assumptions regarding a potential resolution between Ripple and the US Securities and Exchange Commission (SEC). Deaton explained that if the
The Rock, Oprah Winfrey and cryptocurrency are contributing to Maui’s recovery The People’s Fund of Maui relief fund to support the Maui community was started by celebrities Oprah Winfrey and Dwayne “The Rock” Johnson to provide financial support to those affected by the recent wildfires. The fund also accepts cryptocurrency donations. Wildfires broke out on
A breach of FTX’s bankruptcy agent’s platform has released sensitive user data Contrary to earlier reports, FTX bankruptcy claims agent Kroll appears to have had a data breach, resulting in sensitive data being leaked. It’s just the latest in a long line of embarrassments for the failed cryptocurrency exchange. Kroll Q&A allegedly published a summary
The securities watchdog’s Gary Gensler may be losing his fight against all things cryptocurrency A US federal judge recently ruled against the Securities and Exchange Commission’s (SEC) decision to reject an exchange-traded fund (ETF) from Grayscale Investments via its Bitcoin Trust. However, experts say the court ruling will not automatically pave the way for the
Impact Theory allegedly offered unregistered securities through its promotions The US Securities and Exchange Commission (SEC) has charged media and entertainment company Impact Theory with executing sales of unregistered securities when the company sold investors nonfungible tokens (NFTs) from October through December 2021. A Los Angeles-based entertainment and educational production company, Impact Theory allegedly raised
Perhaps the DeFi protocol should have fixed the problem before announcing it existed Decentralized finance (DeFI) protocol and Ethereum automated market maker Balancer confirmed on August 27 in an X post that it was exploited for nearly $900,000. The breach came a few days after it revealed several pools were affected by a vulnerability. Meier
The cloud storage service believes crypto miners are taking advantage of its generosity Dropbox has switched its platform to metered storage after recently discovering its Advanced plan was utilized for resources-intensive tasks like crypto mining. In a blog post on August 24, the online storage platform said its unlimited Advanced plan has instead shifted to
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