Comment
Author: Admin | 2025-04-27
Friday, February 28, 2025Sam Bankman-Fried Found Guilty on All ChargesThe New York Jurors took 4 fours of deliberating before pronouncing the former FTX CEO guilty of all seven charges of fraud and conspiracy to commit fraud.Bankman-Fried will now have to appear in court on 28 March, 2024, where he will face a potential maximum sentence of 115 years in prison.Former CEO of FTX Sam Bankman-Fried leaves the Federal Court in New York after pleading not guilty, 3 January, 2022. lev radin/ShutterstockFTX, Alameda Wallets Move $13M to ExchangesA little over $13 million in altcoins were sent to crypto exchanges Binance and Coinbase in the past 24 hours, which is in accordance with a September court order.The court ordered a phased liquidation process, which allows the bankruptcy estate to sell $3.4 billion worth of digital assets over a certain period of time.Unibot to Compensate Users Affected by ExploitPopular Telegram bot Unibot, which is used to snipe trades on Uniswap, became a victim of a token approval exploit earlier today, when it was switching to a new router.After confirming the exploit, Unibot assured users that their keys and wallets were safe, and that the project will compensate all affected users.Thai Banking Giant KBank Acquires Crypto Exchange SatangOne of the largest banks in Thailand, Kasikornbank (KBank), acquired local crypto exchange Satang for $103 million only a month after setting-up a $100 million fund for web3, fintech, and AI.Once the acquisition has been completed, KBank plans to rebrand Satan to Orbix, and separate the business into three divisions, a custody platform, crypto venture arm, and blockchain development.ShutterstockJ.P. Morgan Handles $1B in Daily JPM Coin TransactionsLaunched in 2020, the bank’s permissioned blockchain-based value transfer system, called JPM Coin, now handles around $1 billion in daily transactions.The bank’s global head of payments said they now plan to widen the usage of the coin, and possibly create a “more retail version” of the token.Sam Bankman-Fried’s First Expert Witness to Rebuke DoJ WitnessesJoseph Pimbley, a member of litigation consulting firm PF2 Securities, will try to rebuff testimonies from Caroline Ellison, Gary Wang, Nishad Singh, and Adam Yedidia.During his testimony
Add Comment