U.S President Joe Biden Calls For Tough Regulations after FTX Crisis
The FSB has previously advocated for the regulation of cryptocurrencies. Biden has spoken out on his thoughts on the cryptocurrency market in Bali. FTX, a cryptocurrency behemoth crumbled recently. Due…
Ripple CEO wants to Buy Assets From Bankrupt FTX
Former FTX CEO phoned Brad two days before the firm filed for bankruptcy. About 130 FTX-related entities, including FTX.US, filed for bankruptcy in Delaware. According to reports, Ripple CEO Brad…
Ethereum crash Below $1200 as FTX Drainer Swaps 5000 ETH For Bitcoin
The FTX account drainer swapped around $6M worth of ETH for wrapped Bitcoin.Ethereum’s price is trading below $1,200 on Sunday, charting a decrease of around 3.5% in the past 24…
Crypto Scammers Hiring KYC Actors to Build Trust and Defraud Investors
The report uncovered fake crypto KYC actors who earn between $8 and $500 per gig, depending on the requirements.A new report from blockchain security firm CertiK revealed that a large…
Twitter Conflict Lead Paul Weiss to Fire Former FTX CEO Bankman-Fried
Paul Weiss’s counsel Martin Flumenbaum no longer defending Sam Bankman-Fried. David Mills will now serve as Sam Bankman-Fried’s representative. Sam Bankman-Fried, the former CEO of the bankrupt cryptocurrency exchange FTX…
South Korea shutdown Native Tokens of Exchanges.
KoFIU investigates all crypto exchanges for native tokens.South Korea is the worst affected country in the world due to FTX downfall. South Korea blocks $104.4 million from FTX Co-founder Shin…
Celsius Set Date for Customers to Claim Assets
Celsius has received approval for the bar date on Jan 3, 2023. Celsius network mentions “that data and asset security remain a top priority for all”.Celsius, the bankrupt crypto lender…
$104 Million Worth Assets of Terra Co-Founder seized by South Korea Authorities
Prosecutors claim that the co-founder made “unfair” gains of roughly 140B Korean won. Shin co-founder Chai corp., a local payments tech business. On Thursday, local prosecutors in Seoul allegedly had…
FTX begins Strategic Review and Seeks the Court for Approval to Pay Important Vendors
FTX said on Saturday that it has started a strategic evaluation of its worldwide assets. Debtors of FTX are in discussions with financial services company Perella Weinberg Partners. The defunct…
Terra Co-founder’s Firm Raided by South Korean Authorities
Chai Corporation is a payments technology firm created by Terra co-founder Daniel Shin. Shin is alleged to have obtained a substantial quantity of pre-issued LUNA tokens.S. Korean authorities have conducted…