Affected Ukrainian users of the FTX crypto exchange will not receive compensation
One of the FTX creditors under the nickname Sunil revealed on the platform X that the clients from Ukraine, Egypt, Iran, Nigeria, China, Russia, and Saudi Arabia of the bankrupt exchange FTX are not eligible for compensations through the current fund distribution providers — companies BitGo and Kraken.
Apple and A24 are working on a movie about Sam Bankman-Fried — the destroyer of the FTX crypto exchange
Apple and the independent film company A24 («Everything always and at the same time», «Heredity», «Moonlight», «Love, lies and bloodshed») have started working together on a movie about crypto fraudster Sam Bankman-Fried, the founder and destroyer of FTX exchange. Pros data According to Variety, the script for the film will be written by…
Ex-CEO of Alameda Research sentenced to 2 years for participating in a fraudulent scheme with FTX crypto exchange
On September 24, a federal judge in Manhattan sentenced Caroline Ellison, the former head of Alameda Research, the FTX hedge fund, to 2 years in prison and $11 billion in forfeiture.
Will Tether become the new FTX? Crypto market on the verge of disaster
Tether, the issuer of the top stablecoin USDT, has been at the center of numerous scandals and investigations over the years due to its non-transparent operations. The main concern of regulators and investors is the lack of a full independent financial audit of the company. Although Tether writes about transparency on its website and assures…
Parents of Sam Bankman-Fried say he is «too naive» for prison and beg judge to reduce sentence
Relatives of the ex-owner of the bankrupt FTX crypto exchange begged the judge to reduce the sentence, arguing that his naivety could put him in «extreme danger» behind bars, reports Business Insider.
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