An indictment against three Americans suggests that at least some of the culprits behind the theft of an FTX crypto fortune may be in custody.
Category: Business / Blockchain and Cryptocurrency
Child Abusers Are Getting Better at Using Crypto to Cover Their Tracks
Crypto tracing firm Chainalysis found that sellers of child sexual abuse materials are successfully using “mixers” and “privacy coins” like Monero to launder their profits and evade law enforcement.
Lawmakers Are Out for Blood After a Hack of the SEC’s X Account Causes Bitcoin Chaos
The US Securities and Exchange Commission is under pressure to explain itself after its X account was compromised, leading to wild swings in the bitcoin market.
CZ Has Left Binance, SBF Is in Jail. Crypto Is About to Get Boring
Crypto exchange Binance and founder Changpeng Zhao pleaded guilty to criminal charges. FTX founder Sam Bankman-Fried is going to jail. It’s the end of crypto’s freewheeling years.
Binance CEO Changpeng Zhao Quits, Pleads Guilty, and Must Pay $200 Million in Fines
Changpeng Zhao, also known as CZ, will step down and plead guilty to violating money-laundering requirements as part of a DOJ settlement. The company will also pay $4.3 billion in fines.
Sam Bankman-Fried Has Been Found Guilty of Fraud
The founder of crypto exchange FTX, once crypto’s golden child, has been found guilty on all seven counts of fraud and conspiracy.
Live Updates: FTX Founder Sam Bankman-Fried Found Guilty of Fraud
Sam Bankman-Fried has been found guilty on all seven charges by a jury in New York.
Sam Bankman-Fried Sealed His Fate Long Before the FTX Trial
Prior to his arrest, the FTX founder did a string of media interviews to tell his side of the story. In the courtroom, those comments came back to haunt him.
Sam Bankman-Fried Built a Crypto Paradise in the Bahamas—Now He’s a Bad Memory
FTX staff lived the high life in the Bahamas. Following the exchange’s high-profile collapse, the country is trying to rebuild its reputation.
Citing Hamas, the US Wants to Treat Crypto “Mixers” as Suspected Money Launderers
With a new emphasis on the Hamas attacks on Israel, the US Treasury has proposed designating foreign cryptocurrency “mixer” services as money launderers and national security threats.