News
SEC initiates legal action against FTX’s auditor
The SEC alleges that Prager Metis, an accounting firm engaged by bankrupt crypto exchange FTX in 2021, committed hundreds of violations related to auditor independence. The United States Securities and Exchange Commission (SEC) has commenced legal proceedings against...
Do Kwon dismisses Slack chat records as irrelevant evidence
Leaked Slack conversations between Terraform Labs co-founders, Do Kwon and Daniel Shin, have exposed their contemplation of orchestrating fraudulent transactions. Terraform Labs co-founder Do Kwon has contested the significance of exposed Slack messages presented as...
FTX founder Sam Bankman-Fried criminal trial schedule revealed
In a hearing, Assistant U.S. Attorney Danielle Kudla said the Department of Justice estimated the case could last four to five weeks. Former FTX CEO Sam Bankman-Fried will spend at least 21 days in court as part of his criminal trial, which will begin in earnest on...
Mark Zuckerberg reveals Meta AI chatbot, his answer to ChatGPT
The new AI assistant, Meta AI will be initially available from Sept. 27 for a limited group of U.S.-based users. Meta CEO Mark Zuckerberg has unveiled his firm's new AI-powered assistant — Meta AI — his answer to OpenAI’s ChatGPT, which will integrate with...
Ben Armstrong spends night in jail with prowling, simple assault charges
Crypto influencer Ben “BitBoy” Armstrong was released on bail around 8 hours after being booked by Gwinnett County police for loitering and simple assault. Crypto influencer Ben Armstrong, formerly known as ‘BitBoy,’ reportedly spent the night in the slammer and has...
Crypto exchange Binance among firms eyeing new stablecoins in Japan
Binance and Mitsubishi UFJ Trust and Banking Corporation (MUTB) are exploring the issuance of Yen and other foreign currency-denominated stablecoins in Japan. Crypto exchange Binance is teaming up with Japan’s largest bank, the Mitsubishi UFJ Trust and Banking...
HK regulator vows to intensify crackdown on unregistered crypto platforms
In the wake of the ongoing JPEX scandal, the Hong Kong Securities and Futures Commission says it will issue a public list of suspicious crypto trading platforms. Hong Kong's financial regulator, the Securities and Futures Commission (SFC) has vowed to step up its...
FTX’s former external legal team disputes involvement in fraud allegations
In a recent court filing, a U.S. law firm that had previously offered services to FTX refutes allegations of assisting Sam Bankman-Fried in his alleged fraudulent activities. A law firm that previously provided services to the now-defunct cryptocurrency exchange FTX...
Base surges past Solana as total value locked nears $400M
As per DeFi Llama data, Solana’s TVL has decreased by 9.64% over the past month to sit at $358.96 million, while Base’s TVL has surged to $397.32 million. The total value locked (TVL) on Coinbase’s layer 2 network Base has surged to $397.32 million in roughly a month...
China suffers worst capital flight in years, but could it pump Bitcoin?
China's capital outflows reached $49 billion in August, its highest in nearly eight years. Analysts are debating whether it could be a boon for Bitcoin and crypto. Bitcoin (BTC) could see “substantial inflows” from China within the next few months, amid a weakening...