FTX Exploiter Transfers $36.8M in Ether as SBF Trial Begins
FTX exploiter’s wallet address transferred approximately $36.8 million worth of Ether in the wake of Sam Bankman-Fried’s (SBF) court trials, bringing the current balance in their portfolio down to $196.014 million after a series of transfers. The accounts of FTX and FTX.US were depleted of $600 million on November 11, 2022, hours after the cryptocurrency […]
MEXC Exchange Raises Fund for Decentralized Platform TON
The Open Network (TON), a decentralized blockchain platform conceived by Telegram, has secured significant funding from the cryptocurrency exchange MEXC to make Telegram a Web3 super-app. MEXC Ventures, a subsidiary of MEXC’s global cryptocurrency exchange MEXC, has invested eight figures in TON, the company announced on Oct. 4. MEXC and the TON Foundation have engaged […]
AirBit Ponzi Scheme: All Execs Sentenced Except One
The US District Court for the Southern District of New York has sentenced key individuals behind the AirBit Club cryptocurrency Ponzi scheme, except co-founder Dos Santos, whose sentence is scheduled for Oct. 4, 2023. On October 3, the office of the United States Attorney for the Southern District of New York announced the sentencing of […]
Bank Exec Says CBDC is Foundation for Global Monetary System
The First Deputy Governor at Banque de France supports Central Bank digital currency (CBDC), promoting it as a foundation of the new international monetary system. In a 3 October speech, Denis Beau, First Deputy Governor of the Banque de France, referred to the CBDC as the “catalyst for enhancing cross-border payments by facilitating the development […]
BTG Pactual Buys Bitcoin-friendly Brokerage Orama
Brazillian bank BTG Pactual, in its expansion, has acquired cryptocurrency-friendly brokerage Orama for $99M and is also planning to launch its own stablecoin. BTG Pactual has agreed to purchase all of Orama’s shares for 500 million Brazilian reals ($98.7 million). BTG Pactual stated on October 2 that the acquisition is part of the bank’s digital […]