AD

AD

News Explorer — FTX Sues Former Hong Kong Affiliate Employees

Generated by AI, curated by humans

Sep 22, 11:07 am

Decrypt

FTX Sues Former Hong Kong Affiliate Employees

FTX, the bankrupt crypto exchange, has filed a lawsuit against four former employees of its affiliate, Salameda, accusing them of prioritizing their asset withdrawals during the 90-day period before FTX's bankruptcy filing. The individuals are alleged to have exploited their personal connections to ensure they would be prioritized over other customers. The total value of the suspected illicit transfers is estimated at $157.3 million, with a significant sum withdrawn after November 7, 2022.

FTX, the bankrupt crypto exchange, has filed a lawsuit against four former employees of its affiliate, Salameda, accusing them of prioritizing their asset withdrawals during the 90-day period before FTX's bankruptcy filing. The individuals are alleged to have exploited their personal connections to ensure they would be prioritized over other customers. The total value of the suspected illicit transfers is estimated at $157.3 million, with a significant sum withdrawn after November 7, 2022.

Latest

Sep 19, 3:51 am

Decrypt

Solana Labs Next Phone Arrives in 2025—Here's the New Features for Crypto Users

Solana Labs is set to launch the Solana Seeker smartphone in mid-2025, following the success of its previous phone, the... Read Summary

Sep 19, 1:43 am

Decrypt

Former President Donald Trump Buys Burger With Bitcoin at NYC Bar

Former U.S. President Donald Trump made a historic transaction by using Bitcoin to buy burgers at a Bitcoin-themed bar i... Read Summary

Sep 18, 8:44 pm

Decrypt

JPMorgan Chase Head Jamie Dimon Hates Bitcoin, Loves Blockchain

Despite Jamie Dimon's criticism of Bitcoin and cryptocurrency, JPMorgan Chase, one of the largest banks in the world, is... Read Summary

Sep 18, 8:23 pm

Decrypt

Celeb and Brand Twitter Accounts Hijacked for 'HACKED' Meme Coin Scam

Hackers targeted notable Twitter users, including Lenovo, Oliver Stone, Yahoo News UK, and Neymar Jr., to promote a dodg... Read Summary

Sep 18, 7:42 pm

Decrypt

SEC Settles Charges With DeFi Platform Rari Capital

The SEC has settled charges against decentralized finance platform Rari Capital and its co-founders for allegedly mislea... Read Summary

Sep 18, 6:08 pm

Decrypt

Federal Reserve Makes First Rate Cuts Since 2020

The Federal Reserve has initiated its easing cycle by lowering its benchmark interest rate by 50 basis points. This mark... Read Summary

Sep 18, 5:38 pm

Decrypt

January 6th Organizer Says Barron Trump a Time Traveling Crypto Trader

Dustin Stockton, lead organizer of the January 6 protest, believes that Barron Trump, the youngest son of former preside... Read Summary

Sep 18, 5:29 pm

Decrypt

BitGo Launches USDS Stablecoin Into Crowded Market

BitGo has launched its own U.S. dollar-pegged stablecoin called USDS, aiming to prioritize fairness, transparency, and m... Read Summary

Sep 18, 3:08 pm

Decrypt

Giant Inflatable Bitcoin Rat Appears at Fed's Birthplace

The Jekyll Island Club, known as the birthplace of the Federal Reserve, was disrupted Wednesday by a seven-foot-tall inf... Read Summary

Sep 18, 11:58 am

Coindesk

Revolut Plans to Issue Stablecoin

London-based fintech company Revolut is reportedly planning to issue its own stablecoin, joining the growing number of e... Read Summary

Sep 18, 2:01 pm

Decrypt

Finland Authorities Seek Hex Founder Richard Heart on Alleged Assault, Tax Evasion

Hex and PulseChain founder Richard Schueler, also known as Richard Heard and Richard Heart, is under criminal investigat... Read Summary

Sep 18, 1:00 pm

The Defiant

Hemi Labs Raises $15 Million for Bitcoin and Ethereum Layer-2 Network

Hemi Labs has closed a $15 million funding round led by Breyer Capital and Binance. The company, co-founded by early Bit... Read Summary

Sep 18, 12:37 pm

Decrypt

The Smoking Chicken Fish Meme Coin Ousts 'Pastor Kelby' Amid Scammer Allegations

The Smoking Chicken Fish (SCF) meme coin, which transformed into a religion with plans for a physical church, has remove... Read Summary

Sep 18, 12:11 pm

Decrypt

Samourai Wallet Founder Denied Changes to Bail After 'Bug Out Plan' Shared in Court

Keonne Rodriguez, founder of Samourai Wallet, was denied changes to his bail conditions in a New York court hearing. Pro... Read Summary

Sep 18, 12:03 pm

Decrypt

TrueX, Founded by a Former Coinbase Exec, Has Launched True Market With $9 Million in Seed Funding

TrueX, a stablecoin-native and non-custodial crypto trading platform founded by a former Coinbase executive, has launche... Read Summary

AD