U.S. prosecutors are probing Sam Bankman-Fried, the disgraced founder of now-bankrupt crypto group FTX, for a potential fraud case against him, Bloomberg reported Friday, citing a person familiar with the matter. Prosecutors are reportedly examining whether hundreds of millions of dollars were impro...
A Californian law firm filed a class-action suit against almost 40 people and companies, including Yuga Labs and MoonPay, alleging they were part of “a vast scheme” of undisclosed celebrity endorsements. Scott + Scott, which was recently scouting for participants for the class action, claim that Yug...
The Block Chief Executive Officer Michael McCaffrey resigned after failing to disclose a series of loans from disgraced former FTX head Sam Bankman-Fried’s Alameda Research. He was the only person with knowledge of the funding at the company. Bobby Moran, The Block’s chief revenue officer, will step...
Amber Group, a struggling crypto trading firm, owes around $130 million to troubled crypto lender Vauld's CEO Darshan Bathija. In July, Vauld mentioned in its affidavit that it has a loan receivable worth around $130 million net from an unnamed "Counterparty 1" and that counterparty is Amber, a sour...
Former FTX CEO Sam Bankman-Fried (SBF) confirmed he is willing to testify in front of the House Committee on Financial Services in Washington D.C. next Wednesday. "I still do not have access to much of my data -- professional or personal. So there is a limit to what I will be able to say, and I won'...
Coinbase has called on users to convert their Tether stablecoins to the stablecoin it cofounded, USD Coin — while waiving fees for doing so. "Now more than ever, stability and trust are of the utmost importance to customers," the crypto exchange said in an official blog post, adding that the ability...
Former FTX CEO Sam Bankman-Fried and his attorney did not respond to the Senate Banking Committee's demand that he testify or otherwise cooperate with an investigation into his failed corporate empire.  “Sam Bankman-Fried’s counsel did not respond by the stated deadline. We believe it’s important th...
The cryptocurrency industry continuously progresses. It may have ups and downs, but most crypto enthusiasts and experts do not see it will end soon. Most people even believe that it is the future of the financial system. That is why investors keep coming, hoping they profit from trading cryptocurren...
The U.S. Securities and Exchange Commission wants companies to publicly disclose if they have exposure to crypto assets, including whether they do business with any crypto-related companies.  The regulatory agency, which oversees disclosures for public companies in the U.S., said the guidance is due...
Ethereum developers are targeting March 2023 for the next hard fork, called “Shanghai,” that will make it possible to withdraw ether staked with network validators. In a meeting today, core developers set the tentative timeline for when they expect the Shanghai upgrade to be completed. Also called "...

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