Reports indicate that the U.S. Federal Bureau of Investigation (FBI) has received data on FTX clients from the advisors of the now-insolvent firm. These consultants have complied with a minimum of five inquiries issued by the bureau’s local offices across various states. FTX Implosion Leads to FBI Data Dragnet The collapse of FTX has drawn…
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Alex Mashinsky, the former CEO of Celsius Network, has filed a motion to dismiss the Federal Trade Commission (FTC) lawsuit against him. In the motion, Mashinsky argues the FTC has failed to allege he violated any laws or rules. His lawyers say the FTC is not entitled to monetary relief and cannot substantiate Mashinsky is…
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OpenAI also claims it is two times faster than GPT-4, with enhanced privacy and security standards. OpenAI, the creators of the artificial intelligence tool ChatGPT, has released ChatGPT Enterprise, a supposedly faster, more secure and more powerful version of the chatbot for businesses. The firm explained in an Aug. 28 post that ChatGPT Enterprise offers…
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Kraken, the San Francisco-headquartered digital currency exchange, has received a court order from a U.S. judge requiring the release of customer data to the Internal Revenue Service (IRS). The court filing, submitted on Friday, states that the IRS is seeking details pertaining to accounts that registered an annual trading activity of $20,000 or higher during…
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Banks in Pakistan plan to launch an electronic platform for know-your-customer procedures that will be operating on a national level. The blockchain-based system will allow them to exchange the personal information of customers through what they describe as a decentralized and self-regulated network. Banks of Pakistan Looking to Employ Blockchain for KYC Checks Pakistan Banks’…
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The data of thousands of Celsius customers revealed in court also included its executives showing millions withdrawn from the platform in the weeks before it was suspended to the public. Publicly available court documents related to Celsius’ bankruptcy proceedings have revealed data concerning thousands of its customers in a financial disclosure form filed on Oct…
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