Despite the prevailing price of Bitcoin as of Monday, MicroStrategy is currently facing an unrealized loss of approximately $548,717,702.40 for its BTC holdings.
In the months since his empire collapsed, Bankman-Fried has been throwing Caroline Ellison under the bus.
The lawsuit, filed last week in the United States Bankruptcy Court for the District of Delaware, alleged that Salameda was actually controlled by Bankman-Fried and the defendants took part in the fraudulent withdrawal of assets from FTX in the days leading to the filing of Chapter 11 bankruptcy in November 2022.
It was a "successful operation that allowed us to strike a blow against criminal groups," Venezuela's Interior and Justice Minister Remigio Ceballos said, adding that the authorities made some surprising discoveries, including unusual contraband in the possession of inmates.
Judge Kaplan said SBF's defense can try to put some of the expert witnesses on the stand, but the DOJ can still object to it.
Google Pay-Like Feature Coming Soon, X CEO Confirms, But Remains Mum On DOGE, Crypto Payment Integration
Despite X's silence on crypto payment integration on the platform, it appears the process is well underway.
Just a week after it debuted on Shiba Ecosystem's Shibarium, NowNodes processed more than seven million requests from developers and others to build apps in one of the fastest-growing layer-2 solutions in the cryptocurrency industry.
Ramaswamy spoke about the SEC rulings and the potential of blockchain technology to disrupt the world of traditional finance. He also shared plans to release a "comprehensive crypto policy framework" by Thanksgiving.
Kraken 'Surprised And Disappointed' Over Australian Regulator's Enforcement Action Against Its Service Provider
Jonathan Miller, Kraken's managing director for Australia, said he was surprised by the Australian Securities and Investments Commission's (ASIC) move as Bit Trade was complying with the regulations.
Aditya Baradwaj's latest revelations center on the 2021 market flash crash that sent the $65,000 trading price of Bitcoin to just $8,000.
However, despite the subdued state of the digital assets market, the trend of hodling remains strong, according to Glassnode.
The FTX Group claimed Sam Bankman-Fried's parents misappropriated millions, including one instance where Allan Joseph Bankman "directed more than $5.5 million in FTX group donations to his employer, Stanford University."
Kindiki said Worldcoin chief executive officer Alex Blania and its chief legal counsel Thomas Scott were stopped and put in custody but the U.S. government intervened and told Kenyan authorities to release the executives, as they had not been charged with any crime.
The prospect of recovering funds stolen from crypto businesses and laundered on these exchanges is nearly impossible, as per a recent report from Chainalysis.
Shibarium Explosion: SHIB's L2 Adds Over 1M Wallets Since Relaunch, Averages Over 36K Addresses Per Day
Shibarium is about to hit a huge milestone utility achievement with its total transactions now nearing the 3 million threshold.
The FTX lawsuit intends to "recover millions of dollars in fraudulently transferred and misappropriated funds.''
While the maiden crypto briefly enjoyed the $27,000 price level, it eventually traded back to the $26,000 threshold a few hours later.
The delisting of the 25 crypto assets from the NYDFS' greenlist means the tokens no longer have the approval of the agency and could also negatively impact the value of the delisted crypto asset, which is usually the case in the cryptocurrency industry.
The American arm of Binance had a peak trading volume of $86 million in August, but it dipped to just $115.7 million through Sept. 15, data revealed.
The billionaire says the hack might have taken place while he was trying to clean up his account using a smartphone.
Citi Token Services offers round-the-clock cross-border payments, automated trade finance solutions and liquidity to its institutional clients..
"I'm broke and wearing an ankle monitor and one of the most hated people in the world," Bankman-Fried wrote, adding, "There will probably never be anything I can do to make my lifetime impact net positive."
Last month, Dubai's VARA fined Zhu Su and Kyle Davies 200,000 UAE dirhams (around $54,000) each over violations of the region's digital asset marketing and advertising regulations.
While Binance.US continues to fight its legal battle against the case filed by the U.S. SEC, two more executives are leaving the exchange amid a series of layoffs and departures.
Genesis was once a major derivatives trading desk but it was hit hard by the spectacular implosion of Three Arrows Capita and Sam Bankman-Fried's FTX last year.
Cohen-Pavron and Mashinsky were accused of several criminal allegations in July, including casing out their personal holdings before the crypto lending firm collapsed.
Initially, FTX debtors were required to provide the U.S. Department of Justice with 10 days' notice before selling the assets, but the exchange later agreed with the U.S. Trustee to keep crypto sales private, so it won't significantly impact market prices.
The Bitcoin miner has shared he is currently contemplating what to do with the 20 BTC that Paxos accidentally paid him over the weekend.
While malicious actors moved the stolen funds through a myriad of networks, the blockchain security firm was able to pinpoint overlapping addresses consistent with the Stake, crypto payment platform Alphapo and CoinEx hacks.
The surge is compelling, given that the Shiba Ecosystem has been the target of a targeted FUD (fears, uncertainties, doubts) attack over the past week, both before and after the launch of its layer-2 scalability solution, Shibarium.
Coinbase CEO Confirms Bitcoin Lightning Network Integration Following Tweet Exchange With Jack Dorsey
Armstrong did not reveal if Dorsey had a hand in this integration, and asked the community to be patient since the integration will take time.
The judge's decision came after weeks of back-and-forth court filings about whether the co-founder of the now-bankrupt crypto empire FTX would be released from jail ahead of his trial.
After launching its stablecoin PayPal USD (PYSUD), the company revealed it was expanding its digital asset services by introducing new ways for users to sell their crypto.
SEC Chairman Gary Gensler also mentioned the agency's accomplishments over the past year, adding it was the "cop to beat" when it came to watching out for the consumer's interest.