Caroline Ellison, CEO of Alameda Research, a privately-controlled hedge fund owned by Sam Bankman-Fried, and Gary Wang, co-founder of FTX, both pleaded guilty to criminal charges, U.S. Attorney Damian Williams said Wednesday, according to ABC. According to newly unsealed court documents, Ellison, who dated Bankman-Fried, pleaded guilty to conspiracy to …
Read More »Fallen Crypto King Sam Bankman-Fried Agrees to Extradition, Lawyer Says
Sam Bankman-Fried — the cryptocurrency entrepreneur who has struggled to control the narrative and dispel suspicions of fraud after his FTX exchange collapsed in early November — has agreed to be extradited to the United States after being arrested and jailed in the Bahamas, The New York Times reports. On …
Read More »'I've Had a Bad Month': Sam Bankman-Fried Ignores Lawyers to Make Awkward Public Appearance
Even as critics fumed that he wasn’t already in jail, and rumors swirled that he would cancel the risky public appearance, Sam Bankman-Fried, co-founder of the failed cryptocurrency exchange FTX, gave a live video interview to cap off the New York Times‘ DealBook Summit conference on Wednesday. Speaking from the …
Read More »How a Horse Molestation Joke Set the Crypto World on Fire
The cryptocurrency scene is the wild west. One day, members of your decentralized finance platform are electing you to serve as CEO. The next, you’re fending off rumors of fraud and jokes about bestiality. This is the embattled position that the chief (or “chef”) of SushiSwap, an exchange and lending …
Read More »With Kim Kardashian Fined $1.3 Million for Crypto Promotion, Which Other Celebs Could Be in Trouble?
With the U.S. Securities and Exchange Commission announcing that Kim Kardashian will pay $1.26 million for illegally promoting a junk crypto investment, there’s an obvious question in the air: which blockchain-loving celebrity will be next? Kardashian’s charges stem from a post shared on her Instagram Story in June 2021. “ARE …
Read More »Will This Be the First Country Bankrupted by Crypto?
Six days before El Salvador’s Bitcoin Law went into effect, Mario Gómez was dragged from his car, handcuffed, and detained. There was no arrest warrant for the software developer, who had taken to his personal Twitter account to inform the Salvadoran public about the cryptocurrency that was soon going to …
Read More »How 'Baby Al Capone' Pulled Off a $24 Million Crypto Heist
T he break-in happened around 4 a.m., on a leafy street in the otherwise sleepy and sleeping village of Irvington, New York. Four men wearing ski masks and gloves, armed with knives, rope, brass knuckles, and a fake 9 mm, crept around the back of the large suburban home, their …
Read More »Feds: Alleged Crypto-Conspiracy Rapper Used Her Bengal Cat to Distract Agents
The recent arrest of Heather Morgan and her husband Ilya “Dutch” Lichtenstein had everything: a pair of serial entrepreneurs conspiring to launder $4.5 billion in stolen Bitcoin, Morgan’s side hustle as a rapper named Razzklekhan, and, of course, the ultimate Status Cat: a Bengal named Clarissa, which is apparently illegal …
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