The $4.4 billion in crypto is set to be the largest pile of criminal proceeds ever sold off by the US. The former IRS agent who seized the recording-breaking sum, meanwhile, languishes in a Nigerian jail cell.
Category: Business / Blockchain and Cryptocurrency
Unmasking Bitcoin Creator Satoshi Nakamoto—Again
A new HBO documentary takes a swing at uncovering the real identity of Satoshi Nakamoto, inventor of Bitcoin. But without incontrovertible proof, the myth lives on.
FTX Customers Will Get Back Billions After Judge OKs Bankruptcy Plan
A US judge has authorized a plan for fallen crypto exchange FTX to return money to former customers, as the drawn-out bankruptcy process approaches its end.
FTX Insider Caroline Ellison Sentenced to Two Years in Prison
The former chief executive of Alameda Research, the trading company that acted as the vehicle for the multibillion-dollar fraud at crypto exchange FTX, has been given a two-year prison sentence after cooperating with investigators.
The Trumps Have Gone Full Crypto With World Liberty Financial
After coming out in favor of crypto, the Trump family is launching a venture of its own. You’ll just have to wait for the details.
The World’s Biggest Bitcoin Mine Is Rattling This Texas Oil Town
A cash-strapped city in rural Texas will soon be home to the world’s largest bitcoin mine. Local protesters are “raising hell.”
Tether Was Playing a Risky Game, a New Celsius Suit Reveals
The bankrupt crypto lender’s legal action brings into relief the backroom maneuvering that barely shielded Tether from widespread market turmoil.
Flush With Cash, Tether Has Got Microsoft, Google, and Amazon in Its Crosshairs
Under new CEO Paolo Ardoino, the crypto company is spending heavily in a bid to muscle into an AI market dominated by the world’s largest tech firms.
People Are Using Memecoins to Bet on the US Election
While a fight over betting on US elections plays out in court, the tech-savvy are gambling hundreds of millions of dollars on cryptocurrencies inspired by politicians.
Craig Wright Faces Perjury Investigation Over Claims He Created Bitcoin
By order of a UK judge, Craig Wright can no longer claim he is the creator of bitcoin and now faces the prospect of criminal charges.