On March 12, Russian-Swedish national Roman Sterlingov was found guilty of money laundering conspiracy and other violations by a federal jury in Washington, DC, for having operated Bitcoin Fog, a service criminals used to launder what authorities claim was hundreds of millions of dollars in ill-gotten gains. The conviction was heralded by the US Department … Read more
Are you a billionaire in trouble? Why not try coming out as a Republican and fully pivoting into very public complaints about the “woke agenda?” That’s precisely what Sam Bankman-Fried was thinking, according to newly released notes made by the crypto fraudster after FTX’s stunning collapse in 2022. Will More Celebs Continue to Join Crypto? … Read more
Photo: Jakub Porzycki/NurPhoto (Getty Images) Coinbase users’ accounts showed a “zero balance” on Wednesday afternoon. Coinbase confirmed the problem on its status page at 12:40 p.m. ET but claims customer cryptocurrency funds are safe. The cryptocurrency exchange blames the outage on increased traffic, as Bitcoin’s price surged past $60,000. Crypto Exchanges Restrict Withdrawals Coinbase says … Read more
Bitcoin’s price surged past $63,000 and then receded just a bit under on Wednesday, reaching a level the crypto coin hasn’t seen since November 2021. While it still has a little way to climb to reach an all-time high of $68,000, that level feels comfortably within reach. And if you’re feeling uneasy about the rally, given … Read more
Photo: TIMOTHY A. CLARY / AFP (Getty Images) It’s official: There will be no further attempts to salvage FTX. The once popular but now defunct crypto exchange that “misplaced” billions of dollars in user assets before collapsing in a heap of scandal is officially headed to the corporate graveyard. The Biggest Crypto Heists of 2022…So … Read more
Photo: Kiyoshi Ota/Bloomberg (Getty Images) Well, that’s one way to see your investment pay off. In 2014, the largest cryptocurrency exchange in the world, Mt. Gox, suffered a notorious hack that stole 850,000 Bitcoins from the platform. Victims are finally starting to get their money back on Tuesday, nearly 10 years later. However, some are … Read more
Founder and CEO of Binance Changpeng Zhao, commonly known as “CZ”, attends the “CZ meets Italy” at Palazzo Brancaccio on May 10, 2022 in Rome, Italy. Antonio Masiello | Getty Images Cryptocurrencies were slightly lower Tuesday, as investors weighed a batch of regulatory updates from Washington involving some of the biggest names in crypto: Binance, … Read more
Sam Bankman-Fried is guilty on all seven federal charges in his criminal trial for defrauding customers of his crypto exchange out of billions of dollars with his crypto empire, jurors decided on Thursday night in a Southern District of New York court, Reuters reports. Jurors reached a verdict at 7:40 p.m., according to CoinDesk, that … Read more
FTX founder Sam Bankman-Fried testified in his fraud trial Thursday with no jury present. In his testimony, he acknowledged that Alameda was being used as a payment processor for FTX, but did not recall conversations around the $13 billion hole in his crypto empire, according to Bloomberg. The Biggest Crypto Heists of 2022…So Far Bankman-Fried … Read more
A prime cybersecurity professional for Amazon seems to be in serious trouble. Federal prosecutors say Shakeeb Ahmed used his hacking abilities to steal $9 million in belongings from a cryptocurrency trade final summer time, then tried to launder the stolen items by means of a haze of on-line trickery. High 5 Purchasing Suggestions for Amazon … Read more