News Explorer — Effective Ventures Charity Acted Diligently and Quickly to Protect Funds After FTX Collapse: UK Investigation

Generated by AI, curated by humans

May 22, 1:26 pm

Protos

Effective Ventures Charity Acted Diligently and Quickly to Protect Funds After FTX Collapse: UK Investigation

A UK government inquiry into the FTX-backed charity, Effective Ventures Foundation (EV), found that its trustees acted diligently and quickly to protect the charity's funds after FTX's collapse. The trustees ringfenced the FTX funding and reported it to the National Crime Agency to avoid money laundering offenses. The inquiry also revealed that the FTX-linked trustees were excluded from decisions and discussions related to the FTX bankruptcy.

A UK government inquiry into the FTX-backed charity, Effective Ventures Foundation (EV), found that its trustees acted diligently and quickly to protect the charity's funds after FTX's collapse. The trustees ringfenced the FTX funding and reported it to the National Crime Agency to avoid money laundering offenses. The inquiry also revealed that the FTX-linked trustees were excluded from decisions and discussions related to the FTX bankruptcy.

Latest

Apr 23, 7:16 am

Coindesk

HEX Founder Richard Heart Claims Victory as SEC Drops Case

The SEC has dropped its fraud case against Richard Heart, the founder of HEX, PulseChain, and PulseX announced in a twee... Read Summary

Apr 23, 5:20 am

Decrypt

SEC Brings Lawsuit Against CEO For Running Alleged $198M Crypto Ponzi

PGI Global CEO Ramil Palafox faces SEC charges for allegedly orchestrating a $198 million crypto Ponzi scheme, misapprop... Read Summary

Apr 23, 4:37 am

Decrypt

Former SEC Chairman Now U.S. Attorney at Influential Southern District of New York

Jay Clayton, former SEC Chairman, has transitioned to U.S. Attorney for the Southern District of New York, known for its... Read Summary

Apr 23, 3:53 am

Decrypt

Does Bitcoin's Rally Have Legs?

Bitcoin surged above $93,500 amid easing trade war fears and changing U.S. monetary signals, aligning with a broader upt... Read Summary

Apr 23, 2:49 am

Decrypt

Yuga Labs Pursues $400,000 in Crypto Assets From Influencer in NFT Lawsuit

Yuga Labs has taken legal action to recover nearly $400,000 in crypto assets from influencer Jeremy Cahen, following a c... Read Summary

Apr 23, 1:04 am

Decrypt

Cantor Teams With SoftBank, Tether, and Bitfinex to Launch 21 Capital, Eyes $3 Billion Bitcoin Acquisition

A new venture, 21 Capital, is being created by Brandon Lutnick in collaboration with SoftBank, Tether, and Bitfinex, wit... Read Summary

Apr 23, 12:31 am

Decrypt

Miner Wars Game Now Offers 'Welcome Packs' and "Clan Leagues' to Woo Players

GoMining's Miner Wars introduces newcomer-friendly "welcome packs" and competitive "clan leagues," enhancing the GameFi... Read Summary

Apr 23, 12:04 am

Decrypt

Meteora Stares Down Lawsuit for Allegedly Manipulating Token Supply of 'M3M3' Token

Meteora, a Solana-based DEX, is accused of orchestrating a $69 million rug pull with the M3M3 meme coin launch. The lawsuit alleges that insiders manipulated the token supply to defraud investors. Read Summary

Apr 22, 11:37 pm

Decrypt

Europe Rolls Out Draft Guidelines on Blockchain Data Storage

The European Data Protection Board has approved draft rules for storing and sharing personal data on blockchains, aligni... Read Summary

Apr 22, 11:16 pm

Decrypt

Nelk Boys Seek Dismissal of Lawsuit Over Fraud Allegations for Full Send Metacard NFT Project

The Nelk Boys' defense attorneys have moved to dismiss a class action lawsuit alleging fraud over their Full Send Metaca... Read Summary

Apr 22, 10:44 pm

Decrypt

Analysts Cautious About Bitcoin's Potential Shift to a Safe Haven Due to Correlation With Equities

Bitcoin's recent behavior, including a 7% price increase, has sparked discussions about its potential shift from a risk... Read Summary

Apr 22, 9:23 pm

Coindesk

Tesla Holds $951 Million in Bitcoin Amid Earnings Miss

Tesla's latest earnings report shows the company still holds nearly $1 billion in Bitcoin, with 11,509 BTC on its balanc... Read Summary

Apr 22, 10:01 pm

Decrypt

Publicly Traded Firm Janover Boosts Solana Holdings, Reveals Name Change

Janover, now DeFi Development Corporation, purchased an additional 88,164 SOL, bringing its total holdings to 251,842 SO... Read Summary

Apr 22, 9:43 pm

Decrypt

Quantum Computers Just Gave Cryptography a Huge Boost

Researchers from JP Morgan Chase and Quantinuum have demonstrated that quantum computers can produce certifiably random... Read Summary

Apr 22, 9:00 pm

Decrypt

Bitcoin's Price Soared on Trade War Optimism, Boosting Altcoins and Traditional Markets Alike

Bitcoin surged to $91,684 amid speculation on the potential end of the US-China trade war. Altcoins like Fartcoin and Do... Read Summary