Cointelegraph By Turner Wright
On the third day of the criminal trial for Sam “SBF” Bankman-Fried, the former CEO’s roommate at MIT and FTX developer Adam Yedidia testified about the $8-billion deficit the crypto exchange reported prior to its bankruptcy.According to reports from Inner City Press from the United States District Court...
Gary Wang, the co-founder and former chief technology officer of cryptocurrency exchange FTX, was the latest witness to testify in the criminal trial of former CEO Sam “SBF” Bankman-Fried.According to reports from Inner City Press, Wang addressed the courtroom on Oct. 5 following testimony from former FTX developer...
Pascal Gauthier, CEO and chair of hardware crypto wallet manufacturer Ledger, has announced the firm will be reducing its staff by 12%.In an Oct. 5 blog post, Gauthier said the staff cuts had been made “for the longevity of the business”, citing the 2022 bear market and the...
The prosecuting attorneys in the criminal case against former FTX CEO Sam Bankman-Fried, also known as SBF, have started to call witnesses.According to an Oct. 4 X (formerly Twitter) thread by Inner City Press, the Assistant United States Attorneys presented testimony from a London-based cocoa broker named Marc-Antoine...
Jaynti Kanani, the co-founder of Polygon, announced that he has stepped back “from the day-to-day grind” on the project for the first time in six years.In an Oct. 4 X (formerly Twitter) thread, Kanani said he planned to focus “on new adventures” while contributing to Polygon “from the...
Many former executives with cryptocurrency exchange FTX or its sister companies are on the list to testify in the United States Justice Department’s criminal case against Sam “SBF” Bankman-Fried.During jury selection for SBF’s trial on Oct. 3, Assistant U.S. Attorney Danielle Sassoon said former Alameda Research CEO Caroline...
The Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury has sanctioned crypto wallets allegedly connected to individuals and companies involved in the production of fentanyl.In an Oct. 3 notice, the U.S. Justice Department announced indictments against several China-based chemical manufacturers as well...
The United States House of Representatives has rejected a bill passed by the Senate aimed at funding the government, and Speaker Kevin McCarthy’s proposals have so far failed to gain traction with hard-right lawmakers in the House — all actions suggesting that the U.S. government is heading toward...
Asset management firm Valkyrie will begin offering exposure to Ether (ETH) futures to United States investors through its existing Bitcoin Strategy exchange-traded fund, or ETF.A Valkyrie spokesperson told Cointelegraph on Sept. 28 that the firm's Bitcoin (BTC) Strategy ETF will allow investors access to ETH and BTC futures...
United States regulators including the Securities and Exchange Commission (SEC) have ongoing civil cases against major cryptocurrency firms including Binance, Coinbase, and Ripple, but not every company has been subject to the same treatment.Gary Gensler, serving as SEC chair since 2021, has been widely criticized by many lawmakers...
