Cardano Founder Defends $100M ADA-to-Stablecoin Proposal Amid Community Pushback

A new debate has ignited within the Cardano community – and it’s all about stablecoins, treasury funds, and the potential impact of a massive ADA conversion. TheCryptoBasic shared details about this via thread on their X account.

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Star Xu vs. Justin Sun: Drama over OKX freeze request heats up

A public debate between cryptocurrency exchange OKX and TRON founder Justin Sun has surfaced over alleged communication issues regarding a freeze notice for stolen funds. OKX CEO Star Xu has challenged Sun’s claims that the exchange failed to respond to…

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Crypto Casino Founder Richard Kim Arrested for Misappropriating $7 Million in Investor Funds

Сообщение Crypto Casino Founder Richard Kim Arrested for Misappropriating $7 Million in Investor Funds появились сначала на Coinstelegram.

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Justin Sun takes legal action against FDUSD issuer First Digital Trust for $500M embezzlement 

Tron founder Justin Sun has initiated a legal process against First Digital Trust, the issuer behind the FDUSD stablecoin, accusing it of embezzling nearly $500 million in client funds. On a Apr. 3 post in X, Sun said he had…

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Infini founder reaffirms 20% bounty and legal immunity to Infini hacker for return of stolen funds

Christian Li, the founder of the stablecoin digital bank Infini, left the hacker another message in a blockchain transaction, reinstating the white-hat agreement and 20% bounty of the stolen funds. Li transferred 0.

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CZ receives more BNB after LIBRA donation, pledges to aid TST and BROCCOLI victims

Binance founder Changpeng Zhao has announced plans to donate additional funds to victims of TST and BROCCOLI memecoins, adding to his previous donation to LIBRA victims. After receiving more Binance Coin (BNB) than he originally donated to victims of the…

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Canary Capital's ETF Plans Took Shape Thanks to Trump

Opened last October by ex-Valkyrie founder and CEO Steven McClurg, Canary quickly filed back-to-back applications for four crypto-related exchange-traded funds (ETF).

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On-Chain Investigator Drops Ethereum Bombshell, Vitalik Buterin Involved In $500M Gatecoin Hack?

New reports reveal that an on-chain investigator has raised allegations connecting Vitalik Buterin, the founder of Ethereum, to the $500 million Gatecoin hack in 2016. According to the crypto sleuth, Buterin’s Ethereum Foundation was allegedly transferring funds to the Gatecoin hackers’ primary wallet.

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Cardano Leadership Highlights Funding Responsibilities Amid USDC Integration Debate

Charles Hoskinson, the founder of Cardano, has clarified the distinction between private capital held by Input Output Global (IOG) and the allocation of funds overseen by the Cardano Foundation, a Switzerland-based entity responsible for supporting the blockchain’s ecosystem.

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FTX Bankruptcy Update: Debtors Successfully Reclaim $15 Million In Political Donations

As the cryptocurrency exchange FTX, once run by convicted founder Sam Bankman-Fried, continues its bankruptcy proceedings, significant developments have emerged regarding the recovery of funds for affected users.

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Alameda Research files $90M ‘aggressive’ lawsuit against Waves founder

FTX and Alameda’s “aggressive legal strategy” highlights the complexity of their financial issues after suing over 20 entities for funds, according to blockchain experts.

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Institutional investors now hold 20% of US-traded spot Bitcoin ETFs

Institutional investors now hold approximately 20% of all US-traded spot Bitcoin (BTC) exchange-traded funds (ETFs), according to recent data. CryptoQuant CEO and founder Ki Young Ju revealed that the latest 13F Form filings show that institutional investors hold over 193,000 BTC via Bitcoin ETFs as of Oct.

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Ex-Valkyrie Founder’s Canary Capital Group Files for First Litecoin ETF

Canary Capital Group, a new digital asset-focused investment firm founded by former Valkyrie Funds co-founder Steven McClurg, seemingly wants to become a leader in the world of crypto exchange-traded funds (ETFs) rather than a follower.

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FBI will use NFTs to contact victims of crypto fraud scheme Clucoin

The FBI will notify victims of a $1.1 million fraud scheme through NFTs after the founder pleaded guilty to using the funds to fund his online gambling habit. 

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CluCoin Founder Pleads Guilty to Stealing $1.1M of Investor Funds for Online Gambling

The founder of Miami-based crypto project CluCoin has pleaded guilty to stealing over $1 million from investors and spending the money at online casinos.

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River: A Bitcoin Brokerage Built From The Ground Up

Alexander Leishman — founder, CEO and CTO of River — believes in designing every facet of River so as to prioritize the security of customer funds and to create a more dynamic financial platform.

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Founder of Canadian crypto exchange ezBtc under fire for gambling user funds

An investigation has revealed that ezBtc's founder used customer funds for gambling, leading to significant losses.

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Ether ETFs are now live in the US: here’s what they may mean for Poodlana

Anthony Pompliano, the founder of Professional Capital Management, anticipates that the price of Ethereum will rise now that Ether ETFs have officially started trading in the United States. However, Pompliano believes that the potential price appreciation of Ethereum may not match the significant increase seen in Bitcoin following the approval of BTC exchange-traded funds. Still, […]

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Ethereum Founder Vitalik Buterin Moves 100 ETH, Here’s The Destination

Canadian computer programmer and co-founder of Ethereum, Vitalik Buterin recently executed a large-scale ETH transaction, sparking interest in the destination of the funds.   Buterin Donates 100 ETH To Ethereum-Focused Organization On July 6, Buterin transferred approximately 99.

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AssangeDAO seeks $37m transparency as WikiLeaks founder exits Belmarsh

As the Julian Assange saga comes to a head, members of an on-chain movement demand transparency around funds raised for his defense. 

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VC Lists 2 Reasons Why Bitcoin Is Still Trending Below $100,000

Bitcoin traders are upbeat, confident that bulls have more legs to push prices above $72,000 and all-time highs. While the excitement about what lies ahead is primarily due to the mass inflow into spot Bitcoin exchange-traded funds (ETFs), Charles Edwards, the founder of Capriole Investments, has picked out multiple factors capping the current uptrend to $100,000.

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Research Firm Projects Ethereum Explosion To $15,000 With ETF Inflows

Michael Nadeau, founder of The DeFi Report, has published a deep dive into the implications of the approval of spot Ethereum (ETH) Exchange-Traded Funds (ETFs) on the cryptocurrency’s price trajectory.

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Scaramucci says institutional adoption of Bitcoin set to accelerate

SkyBridge Capital founder Anthony Scaramucci believes institutional adoption of Bitcoin has begun in full force and will accelerate rapidly in the coming quarters. Scaramucci made the statement during an interview on CNBC, where he highlighted the growing acceptance of Bitcoin among major financial institutions and pension funds.

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BTC-e founder pleads guilty in $9B money laundering conspiracy

The platform was utilized to launder funds acquired from various criminal activities, including computer hacking, ransomware attacks and drug trafficking.

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ZKasino founder arrested in Netherlands and over $11 million seized

The FIOD arrests a man linked to the ZKasino scam, seizing over 11 million euros in assets and securing victim funds with Binance's help. The post ZKasino founder arrested in Netherlands and over $11 million seized appeared first on Crypto Briefing.

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Ethereum Spot ETFs Unlikely To Get Green Light In May: Tron Founder

Expectations that the highly anticipated Ethereum Spot Exchange-Traded Funds (ETFs) will be approved by the United States Securities and Exchange Commission (SEC) have continued to drop. In this regard, Justin Sun, founder of the Tron network, has made a significant prediction on the regulatory chances of Spot Ethereum ETF, indicating that it is unlikely that […]

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US prosecutors want SBF to serve at least four decades in prison

Federal prosecutors have requested a prison sentence of 40 to 50 years for FTX founder Sam Bankman-Fried (SBF) following his conviction for conducting one of the most significant financial frauds in recent times through the misappropriation of over $8 billion of customer funds.

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Bitcoin ETFs Could Set Price Floor, Similar to Gold’s Historical Trend; CryptoQuant Founder

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Without Spot Bitcoin ETFs, BTC Would Have Been Down 20%: Founder

Samson Mow, a developer and founder of a crypto project, has attributed the current Bitcoin price stability to the launch of spot Bitcoin exchange-traded funds (ETFs) in the United States. Taking to X on February 22, Mow argued that these spot ETFs have prevented a significant price drop.

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Justin Sun gives new ultimatum to Poloniex hackers, offers $10m bounty

Tron founder Justin Sun has increased the white hat bounty, offering the Poloniex hackers a $10 million reward if they return the stolen funds.

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Justin Sun offers 5% bounty as Poloniex losses cross $100 million

The Tron founder said Poloniex hackers have seven days to return a bulk of the funds in exchange for a white hat bounty or law enforcement would be engaged for a remedy.

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FTX seeking approval to sell funds from Grayscale and Bitwise

FTX seeks to sell $744 million in Grayscale and Bitwise assets amid its bankruptcy proceedings. The asset sale aims to prepare for creditor payouts and minimize price volatility risks. FTX founder Sam Bankman-Fried was recently found guilty of all the charges that had been levelled against him.

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SafeMoon Founders Nabbed After Using Investor Funds To Buy Luxury Cars And Homes

SafeMoon, a once-promising cryptocurrency, has been thrust into a scandal of monumental proportions, as its founder and top executives are facing charges of fraudulent activities and money laundering.

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SBF trial day 15: “I was trying to help” FTX founder claims on third day of testimony

FTX’s founder stuck to his guns on who to blame for Alameda’s spending and use of customer funds during the third day of his testimony in United States v Sam Bankman-Fried.

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FTX founder Sam Bankman-Fried takes the stand: Recap of trial day 14

Former FTX CEO and Founder Bankman-Friend takes the stand today, blaming Caroline Ellison for poor management in Alameda and admitting to political donations from customer funds. 

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SBF trial day 12: FTX founder misled in-house lawyers on Alameda; use of customer funds

Prosecutors called FTX general counsel Can Sun to the stand following financial forensics and evidence of internal communications potentially implicating Sam Bankman-Fried in criminal wrongdoing at his crypto exchange and trading firm, Alameda Research.

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Superdao shuts down, will return investor funds

Superdao founder Yury Lifshits hints at shutting down the platform despite launching many decentralized autonomous organizations (DAOs) since its launch in 2021.  According to a letter published on the company’s Notion, Superdao has ceased operations, saying that the crypto ecosystem…

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FTX founder Sam Bankman-Fried’s trial day 11: Recap 

On the 11th day of FTX founder Bankman-Fried’s historic trial, an expert witness reveals how several investments and loans were made from FTX’s customer funds. 

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SBF trial day 9: FTX’s founder spent $1.3b on celebrity endorsements

Nishad Singh, former Alameda and FTX chief developer testified to $1.3 billion of customer funds invested in building Sam Bankman-Fried’s social capital and public image. 

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SBF Trial Day 7 – Audio recordings reveal Ellison told Alameda employees about misuse of customer funds days before collapse

After an intense three days on the witness stand, Caroline Ellison, a former top deputy to FTX founder Sam Bankman-Fried (SBF), wrapped up her testimony on Oct. 12. The day was characterized by emotional revelations, critical audio recordings, and frequent judicial interventions.

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SBF trial day 6: FTX paid $100m in Chinese bribes to unfreeze $1b of investigated funds

Caroline Ellison, on day six of United States v Bankman-Fried, testified that FTX’s founder continued to lie to the public while liquidity and assets dried up behind the scenes.

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Slope Wallet hacker bridged funds to TRON, cashed out through OTCs

Blockchain sleuth ZachXBT says Slope Wallet founder Leal Cheung created a new project immediately after the hack. Victims of Slope Wallet hack, which suffered a $4 million loss in August 2022, are “unlikely” to see anything returned given that the…

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FTX founder Sam Bankman-Fried’s trial day 5: Recap

Bankman-Fried's girlfriend and Alameda's ex-CEO took the stand on the second week of the trial, revealing that SBF used customer funds for political lobbying.

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No Jury Yet, but We're Getting There

Sam Bankman-Fried had a grin on his face as he entered court on Tuesday morning – clad in a black suit and an uncharacteristically tame (read: closely trimmed) mop of hair. After nine long months, the disgraced crypto founder will finally have the chance to defend himself against a wide array of federal fraud and conspiracy charges tied to the collapse of FTX, his crypto and futures exchange, and Alameda Research, the crypto trading firm he founded and – according to prosecutors – used to illegally re-invest FTX user funds.

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Huobi (HTX) Troubles Mount: Justin Sun Accused Of $2.4B Shortfall In User Funds

HTX (formerly known as Huobi), one of the leading cryptocurrency exchanges, has been embroiled in a new controversy as Justin Sun, Tron’s founder and BitTorrent’s CEO, faces allegations of a staggering $2.

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Ethereum Clients More Diversified Than Bitcoin, Is This Good?

Justin Bons, the chief investment officer (CIO) and founder of Cyber Capital, one of Europe’s oldest crypto funds, is convinced Ethereum is the most “robust” network, considering its level of client diversity.

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FTX Sues Sam Bankman Fried’s Parents To Recover Millions In ‘Misappropriated’ Funds

Bankrupt crypto exchange FTX has lodged legal action against founder and former CEO Sam Bankman-Fried's parents, Joseph Bankman and Barbara Fried, alleging that they misappropriated millions of dollars of customer funds through their involvement in the exchange’s business.

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FTX Sues SBF’s Parents For Recovery of Misappropriated Millions

The FTX Debtors are suing the parents of FTX founder Sam Bankman-Fried, accusing them of fraudulently transferring and misappropriating funds from the now-defunct crypto exchange. The post FTX Sues SBF’s Parents For Recovery of Misappropriated Millions appeared first on BeInCrypto.

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Ex-FTX Executive to Plead Guilty to Criminal Charges: Huge Amount Of Stolen Customer Funds Donated to US Politicians

An ex-executive of the FTX cryptocurrency exchange is set to plead guilty to criminal charges. The charges include the alleged donation of $24 million of stolen customer funds to US politicians. This development adds another layer of complexity to the ongoing trials surrounding the collapse of FTX and its founder, Sam Bankman-Fried.

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