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
Crypto costs climbed to finish the week Friday, a day after the biggest asset supervisor on this planet jumped into the race to launch the primary spot bitcoin exchange-traded fund within the U.S. Bitcoin ended the day larger by 3.75% at $26,355.04, in response to CoinMetrics, whereas ether superior 3% to $1,718.32. Even altcoins rose, … Read more
Federal prosecutors and the courts in New York are sounding the horn, proclaiming run-of-the-mill monetary crimes additionally apply to digital tokens as a lot as fiat foreign money. On Tuesday, a choose lastly sentenced former Coinbase product supervisor Ishan Wahi to 2 years in jail for insider buying and selling. Prosecutors mentioned Wahi used his … Read more