The lawsuit further claims that while FTX was “in freefall, Zhao sent additional false tweets calculated, in part, to prevent FTX from seeking and obtaining alternative financing to cauterize the run on the institution by customers deceived by the tweets. Collectively and individually, these false public statements destroyed value that would have otherwise been recoverable […]
The estate of collapsed crypto exchange FTX has filed a suit against Binance and its former CEO Changpeng Zhao in an effort to wrest back at least $1.76 billion, citing a “fraudulent” share deal. In a Sunday filing with a Delaware court, FTX cites a 2021 transaction in which Binance, Zhao and others exited their […]
The cryptocurrency industry took a victory lap Wednesday. Devotees of digital currencies had cause to celebrate: An ally in Donald Trump had taken the White House and a slew of pro-crypto congressional candidates won races that included at least two Senate seats. Only two years after the spectacular collapse of frauds like Sam Bankman-Fried ushered […]
A Brazilian businessman, with ties to one of the country’s most powerful criminal groups, has been shot dead at Guarulhos Airport in São Paulo. Antônio Vinicius Gritzbach had recently entered into a plea bargain with local prosecutors to provide information about Primeiro Comando da Capital (PCC) – or First Capital Command. He received death threats […]
On the campaign trail, Trump went out of his way to court their favor. In July, speaking to thousands of bitcoiners at a conference in Nashville, Tennessee, Trump duly sang from the bitcoin hymn sheet, promising to cement the US as the foremost bitcoin mining powerhouse, establish a national “bitcoin stockpile,” and appoint a bitcoin […]
Monitors display Coinbase signage during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, on Wednesday, April 14, 2021. Michael Nagle | Bloomberg | Getty Images Coinbase Wednesday reported weaker-than-expected third-quarter results, weighed down by muted trading in the cryptocurrency market. While trading is likely to be more lively in the […]
Two political action committees with ties to the cryptocurrency industry are coming off the sidelines to help Sen. Ted Cruz, R-Texas, as he faces an unexpectedly tight reelection fight with Democratic U.S. Rep. Colin Allred. Allred is not known as a crypto skeptic; he voted for the industry’s top-priority bill this year. That has not […]
Despite what a new HBO documentary suggests, the identity of one of the richest people in the world is still unknown. By now, the story is so famous that it’s taken on the aura of a creation myth: one day in early 2009, Satoshi Nakamoto, the pseudonym used by the inventor of bitcoin, released the […]
Days after a leading crypto industry figure endorsed her, Vice President Kamala Harris gave cryptocurrencies a vague embrace this week — as part of a pitch to Black men. Along with a pledge to legalize weed, the policy document released by Harris’s campaign Monday made a bid for Black men’s votes with ambiguous wording about […]
Marquee at the main entrance to BlackRock headquarters building in Manhattan. Erik Mcgregor | Lightrocket | Getty Images SALT LAKE CITY — A year ago, Samara Cohen believed there was so much pent-up demand for bitcoin that she and her team at BlackRock launched one of the first-ever spot bitcoin exchange-traded products in the U.S. […]
