After the FTX hacker transferred 5,000 ethereum (ETH) valued at $ 8 million in purloined assets, the cybercriminal shifted an additional 25,000 ether, totaling $ 43.15 million. Yet, even after relocating tens of millions of dollars in ethereum, the FTX wallet drainer still holds a whopping 155,749 ETH, currently valued at slightly above …
The U.S. Securities and Exchange Commission’s former head of internet enforcement says former U.S. President Donald Trump’s anti-crypto stance may change dramatically. He further predicted that if a Republican is elected U.S. president, a Republican-appointed SEC chair would, at a minimum, approve a bitcoin exchange-traded fund (ETF) and “may even slow down considerably SEC crypto-related […]
Su Zhu, a founding member of the now-insolvent Three Arrows Capital, was apprehended in Singapore at Changi Airport on Friday, as per the firm’s liquidator, Teneo. Zhu received a four-month prison sentence for failing to cooperate in the bankruptcy proceedings, Teneo revealed. Crackdown at Changi Airport: 3AC’s Su Zhu Detained, Associate Kyle Davies Fugitive Teneo, […]
The U.S. Securities and Exchange Commission’s former head of internet enforcement has called on the U.S. Department of Justice (DOJ) to prosecute more crypto firms. “The stark reality is that the SEC is merely a civil enforcement agency. And until crypto-grifters face the threat of DOJ prosecution (i.e. prison time), they will continue to treat […]
San Francisco-based law firm Fenwick & West LLP is denying allegations from FTX founder Sam Bankman-Fried that the firm provided legal advice enabling the alleged fraud that led to the cryptocurrency exchange’s collapse. In a recent court filing, Fenwick & West asserts the allegations are “fatally deficient” and should be dismissed with prejudice. Law Firm […]