DOJ charges three individuals in FTX exchange hack, using a SIM-swap attack to access wallets and drain over $400 million. FTX creditors file a lawsuit for fair recovery, adding legal challenges and repayment uncertainties for customers.
EdmundThe funds were also connected to a "pig butchering" scam that cost U.S. citizens $3.3 billion in 2022, as per the FBI.
DavinLegal battle escalates in Sam Bankman-Fried's case as DOJ challenges FTX CEO's defense
BitcoinworldThe United States Department of Justice (DOJ) has accused Sam Bankman-Fried of leaking the private diary of Caroline Ellison, a former colleague, and CEO of sister trading firm Alameda Research.
BitcoinistAuthorities are taking note of crypto scams and potential ways to deal with them.
BeincryptoBinance, the world's largest cryptocurrency exchange by volume, is no stranger to tussles with regulators around the world.
decryptFederal prosecutors in New York, along with the SEC, are investigating DCG for internal transfers at its lending subsidiary Genesis, Bloomberg reported on Friday.
decryptOfficials may later seek to have Sam Bankman-Fried forfeit the assets, potentially including as much as $450 million in stocks, to avoid benefiting from crimes
CoindeskQCP Capital, a crypto trading firm based in Singapore, has at least $97 million stuck on FTX after the crypto exchange filed for bankruptcy last month.
OthersElon Musk has directed Twitter Inc's teams to find up to $1 billion in annual infrastructure cost savings.
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