Coin Prices


AD

News Explorer — Zero Edge Founder Resigns After Admitting He Gambled Away $4 Million in Investor Funds

Generated by AI, curated by humans


Jul 16, 9:05 am
www.gamblingnews.com

Zero Edge Founder Resigns After Admitting He Gambled Away $4 Million in Investor Funds

Richard Kim, the founder of Zero Edge, has resigned after admitting to misusing nearly $4 million in investor funds. Kim, who was previously part of Galaxy Interactive and Goldman Sachs, admitted to gambling away the funds on leveraged positions in cryptocurrencies. He informed the company's board of directors about the losses, which amounted to approximately $3.67 million, and immediately resigned. Kim has reported himself to the US Securities and Exchange Commission.

Latest

Aug 24, 11:15 pm
Decrypt

Telegram CEO Pavel Durov Arrested, TON Price Plummets

Read Summary

Aug 23, 9:15 pm
Decrypt

Kraken Must Face SEC Lawsuit as Judge Denies Dismissal

Read Summary

Aug 23, 7:22 pm
Decrypt

RFK Jr. Suspends Presidential Campaign, Backs Fellow Bitcoin Fan Trump

Read Summary

Aug 23, 6:27 pm
Decrypt

India's WazirX Crypto Exchange to Resume Rupee Withdrawals After $230 Million Hack

Read Summary

Aug 23, 5:28 pm
Decrypt

El Salvador Keeps Buying Bitcoin Daily, Now Holds $361 Million

Read Summary

Aug 23, 3:25 pm
Decrypt

Solana Dev Smokes Crack, Fakes Death, and Dreams of Making Millions With Meme Coins

Read Summary

Aug 23, 2:24 pm
Decrypt

Bitcoin Price Jumps as Fed Chair Jerome Powell Suggests Rate Cut Soon

Read Summary

Aug 23, 11:49 am
Decrypt

Bitcoin Trading Flat Ahead of Fed Chair Comments

Read Summary

Aug 23, 11:45 am
Coindesk

Bitcoin Mining Is $74 Billion Opportunity: JPMorgan

Read Summary

Aug 23, 7:23 am
crypto.news

Avalanche Price Jumps After Grayscale, Franklin Templeton Moves

Read Summary

Aug 23, 9:06 am
Coindesk

DeFi Is Set to Make a Comeback As Interest Rates, Stablecoin Supply Drive Its Resurgence

Read Summary

Aug 23, 7:33 am
Decrypt

Indian Government Is Drafting Consultation Paper to Provide Regulatory Clarity for Cryptocurrencies

Read Summary

Aug 23, 4:07 am
The Defiant

Rarible Integrates With Aptos Blockchain, Offering Users the Ability to Trade Aptos NFTs

Read Summary

Aug 23, 4:48 am
Decrypt

Australia's Federal Court Rules Against Kraken Operator Bit Trade for Failing to Comply With Legal Obligations

Read Summary

Aug 23, 1:00 am
Decrypt

Bitfarms’ Acquisition of Stronghold Complicates Riot's Hostile Takeover, Experts Say

Read Summary