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29 Mar 23

Sam Bankman-Fried funds legal defense with Alameda Research money

Sam Bankman-Fried (SBF), the founder of fallen crypto exchange FTX, has been paying for his legal defense with millions of dollars that he allegedly gave to his father using money from Alameda Research. The multi-million dollar donation financed by an Alameda loan was handed to SBF’s father, Joseph Bankman, a Stanford Law Professor, in 2021. […]

29 Mar 23

Canadian pension funds to reveal crypto exposure

In a bid to protect citizens’ retirements, the Canadian government will direct regulated pension funds to show their exposure to cryptocurrency. Part of Canada’s 2023 budget plan mentioned the need to protect investors from cryptocurrency risks, adding that “there is a clear need for different orders of government to take an active role in addressing […]

29 Mar 23

Euler exploiter remorseful, returns more funds to protocol

The person behind the March 13 Euler Finance hack has apologized for the attack and returned millions of dollars worth of stolen crypto to the decentralized finance platform. In the latest episode of what has become an intriguing drama, the attacker, who identified himself as “Jacob” in an encoded transaction message, transferred about 7700 ETH, […]

1671598162 Residents of New York City cant trade their namesake cryptocurrency

24 Jan 23

New York releases guidance to protect crypto users’ funds

The New York Department of Financial Services (NYDFS) has announced a raft of regulations to protect crypto firms’ customers in the event of insolvency. The Superintendent of the New York State Department of Financial Services (NYDFS), Adrienne A. Harris, has released regulatory guidance on custodial structures for customer protection in the event of insolvency for […]

12 Jan 23

Sam Bankman-Fried denies misusing customer funds

In the months leading up to his federal charges on m money laundering and misuse of customer funds, FTX co-founder Sam Bankman-Fried has repeatedly refuted US charges that he misused $8 billion in client funds. Sam Bankman-Fried refutes FBI accusations Sam Bankman-Fried, has claimed that Binance CEO Changpeng “CZ” Zhao orchestrated a months-long campaign to […]

08 Jan 23

U.S. investigators subpoena hedge funds associated with Binance

On Jan. 7, 2023, Washington Post reported that the federal prosecutors had subpoenaed U.S.-based hedge funds relating to Binance. Federal prosecutors are investigating the cryptocurrency exchange platform’s potential circumvention of anti-money-laundering measures. Investigation on Binance reaches hedge funds in the U.S. The report indicates that the U.S. Attorney’s Office for the Western District of Washington in Seattle […]

27 Dec 22

Sam Bankman-Fried bought Robinhood shares using Alameda funds

New evidence against FTX’s former CEO Sam Bankman-Fried has shown that he bought Robinhood shares using funds borrowed from Alameda Research, a company he also founded. Information in court documents shows that the Bankman-Fried borrowed Alameda Research’s money to buy Robinhood shares. SBF said via a court affidavit he took over $546M in loan from […]

25 Dec 22

Rubic DEX aggregator hack leads to $1.4m of user funds stolen

Cross-chain decentralized finance (DeFi) protocol Rubic was compromised, resulting in funds stored in its user’s addresses being siphoned out and transferred to the hackers. On Dec. 25, Rubic protocol announced that one of its routing contracts was compromised and all contracts would be stopped until the situation is fully understood. The announcement read: The protocol’s […]