Explosive Revelations Unfold as Ellison Accuses Bankman-Fried of Felonies
Caroline Ellison, former Alameda Research CEO, testified that FTX Founder Sam Bankman-Fried directed her to commit crimes, including fraud and money laundering. Key Takeaways In an enthralling courtroom session on October 10, 2023, Caroline Ellison, former CEO of Alameda Research, founded by FTX magnate Sam Bankman-Fried, unveiled a series of stark allegations, accusing him of orchestrating a cascade of financial …
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FTX Co-Founder Accuses Sam Bankman-Fried of Massive Financial Fraud
Gary Wang, co-founder of FTX, testifies against Sam Bankman-Fried, alleging financial crimes and lies, implicating Bankman-Fried in illegal fund transfers. More witnesses are expected. Key Takeaways In a courtroom drama that is capturing the attention of the crypto world, FTX co-founder Gary Wang has levied substantial accusations against the platform’s founder, Sam Bankman-Fried, alleging the fraudulent mishandling of billions of …
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FTX Hack Comes Back to Haunt as 5,000 ETH Moves Amid Anticipation of Ethereum Event
The infamous FTX hacker activates their account, transferring 5,000 ETH, raising concerns of market impact amidst Ethereum ETF anticipation and a potential government shutdown. Key Takeaways In a gripping development, the hacker behind the infamous FTX exploit has shown activity after nearly a year, moving around 5,000 ETH. The movement comes as the crypto market keenly anticipates the launch of …
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FTX Aims to Sell $3.4 Billion in Bitcoin, Ether, SOL
Cryptocurrency prices decline amid worries that FTX may sell $3.4 billion in assets to repay creditors, with Bitcoin, Ethereum, and other major tokens experiencing losses. Key Points Cryptocurrencies experienced a significant decline on Monday amid concerns over potential selling pressure from digital asset exchange FTX. Investors are wary that FTX may receive regulatory approval to sell its $3.4 billion worth of …
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NYSE Delists Crypto Banking Giant Silvergate
The New York Stock Exchange has finally delisted Silveragte, a well-known bank in the cryptocurrency sector. Earlier, Silvergate had declared its intention to wind up its operations and banking services. This decision came after the downfall of FTX, a crypto exchange, which prompted Silvergate to assess its capability to keep functioning. Silvergate has been one of the leading two banks …
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Bahamas Proposes Robust Crypto Regulations Following FTX Fiasco
The Bahamas has put forward a set of more comprehensive regulations for cryptocurrencies following the recent FTX incident. The event revolved around FTX, a digital currency exchange, and a group of traders who took advantage of a system vulnerability to earn millions of dollars in profits. By artificially inflating and then crashing the price of the SOL token, these traders …
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