Bahamas court orders FTX to pay remuneration fees to regulators
The Bahamian Securities regulator was ordered to offer custody for digital assets belonging to bankrupt crypto exchange FTX on Nov. 12. The latest issue facing the insolvent cryptocurrency exchange FTX comes from the Bahamas, where it once had its headquarters. On Nov. 21, the Bahamas Supreme Court issued an order in favor of the Securities […]
FTX execs spend over $121M on properties in the Bahamas
According to a recent report, at least 19 properties worth around $121 million were purchased under FTX’s name, Sam Bankman-Fried’s parents, and senior-level executives of the now-defunct crypto exchange in the Bahamas. According to the most recent information from the FTX lawsuit, millions-dollar Bahamian properties were purchased under the company’s name. Over the last two […]
Uniswap’s new privacy policy faces backlash from community
The newly revised privacy policy of decentralized exchange (DEX) Uniswap seems to have angered some community members, who worry about the safekeeping of user data. Some outspoken Uniswap community members have indicated the community’s suggestion that it is unusual for a decentralized business to acquire and keep information about its users in response to a […]
Texas authorities to probe celebrities for FTX promotion
The Texas State Securities Board is allegedly scrutinizing Tom Brady of the NFL and Stephen Curry of the NBA for payments received to promote FTX exchange. According to a report by Bloomberg on November 22, Joe Rotunda, director of enforcement at the Texas State Securities Board , said that the board is looking closely at […]
FTX hacker distributes over $200M in ETH among 12 wallets
The hacker who stole more than $447 million worth of cryptocurrency from FTX has once more been seen moving the stolen money. According to Etherscan data, on November 21 between 4:11 and 4:17 p.m. UTC, the attacker transferred 180,000 ETH across 12 freshly formed wallets, giving each one 15,000 ETH. At current pricing, the total […]