A former OpenSea employee has been accused of assisting the infamous AnubisDAO rug pull in 2021, but some commentators have raised doubts. Nonfungible token (NFT) platform OpenSea says it is unaware of any evidence pointing to a former employee being involved in the infamous AnubisDAO rug pull in 2021 following new accusations on social media. …
Read more
He suggested that such sympathizers should not be considered for interviews with prominent television shows like CBS’s 60 Minutes. Attorney and crypto advocate John Deaton criticizes supporters of former FTX CEO Sam “SBF” Bankman-Fried during his ongoing trials related to the collapse of their crypto venture. In an X (formerly Twitter) post, Deaton said that those…
Read more
Yedidia was involved in writing a buggy program to automate FTX customer deposits and withdrawals and was concerned by the size of the Alameda Research liability on the FTX books. Adam Yedidia, Sam Bankman-Fried’s college roommate and an early employee of FTX, continued his testimony on Oct. 5, the second day of former FTX CEO…
Read more
The former FTX CEO faces seven counts of conspiracy and fraud. A New York court will decide his fate. Cointelegraph reporters are on the ground in New York for the trial of former FTX CEO Sam Bankman-Fried. As the saga unfolds, check below for the latest updates. Oct. 3: SBF trial begins The trial of…
Read more
The DOJ intends to highlight the experiences of retail and institutional clients who entrusted substantial assets to FTX. The Department of Justice (DOJ) has confirmed its intention to summon former FTX clients, investors and staff as witnesses in the upcoming trial involving Sam Bankman-Fried, the former FTX CEO. The DOJ submitted a letter motion in…
Read more
A judge in the U.S. has rejected a request by a lawyer who laundered $400 million from the Onecoin crypto pyramid to have a new trial. The ruling clears the path for sentencing 54-year-old Mark Scott despite a key prosecution witness admittedly lying in court. Judge Not Convinced in Onecoin Lawyer’s Innocence Despite Lies Told…
Read more
The U.S. attorney sees no reason for potential jurors to discuss effective altruism or ADHD, among other things, before trying SBF. On Sept. 15, the United States government responded to questions the defense has suggested posing to potential jurors during their selection for the case against former FTX CEO Sam Bankman-Fried, often known as SBF.…
Read more
One of the founders of the crypto pyramid Onecoin, British and Swedish national Karl Greenwood, has been sentenced to 20 years in prison in the United States. Greenwood was the architect of the scam’s multi-level marketing structure and served as Onecoin’s global master distributor. Cryptoqueen Ruja Ignatova’s Business Partner Gets Lengthy Sentence for Onecoin Role…
Read more
According to the petition on Change.org, Chainalysis’ unproven technology can lead to an assortment of privacy violations. A petition was created on Change.org on Sept. 12 to oppose the use of Chainalysis forensic services by federal agencies. The petition questioned Chainalysis’ accuracy and raised legal issues related to the activities of the blockchain data analysis…
Read more
Karl Greenwood will also have to pay back the $300 million he made in commissions in the OneCoin pyramid scheme. Karl Greenwood, co-founder of OneCoin with Ruja Ignatova, was sentenced in the United States to 20 years in prison and ordered to pay $300 million on Sept. 20. Ignatova remains at large. Greenwood, who is a…
Read more
