Disgraced FTX founder Sam Bankman-Fried has been sentenced to 25 years in prison and an $11.02 billion fine, Judge Lewis A. Kaplan ruled in Manhattan federal courthouse Thursday morning. SBF’s Fraud Was A Game, Judge Rules Kaplan likened Bankman-Fried’s theft of nearly $8 billion in customer funds to “a game,” where he weighed “the cost...
Singaporeans are increasingly viewing Bitcoin in a favorable light, thanks to the recent approval of spot Bitcoin exchange-traded funds (ETFs) in the United States. According to a new report from the digital currency exchange Independent Reserve, 39% of Singaporeans have expressed a more favorable view of Bitcoin following the approval of spot Bitcoin ETFs. There is also a...
The first quarter of this year has seen $336 million lost to Web3 hackers and fraud, with nearly half of the capital stolen in January alone. Nonetheless, the number represents a 23% decrease compared to the first quarter of 2023, according to the latest report by bug bounty and security services platform Immunefi. Notably, said...
Two asset managers in Hong Kong have jointly filed for a spot Bitcoin exchange-traded fund (ETF) with the Securities and Futures Commission (SFC). The move comes at a time when the regulator is gearing-up to approve ‘in-kind’ BTC spot ETFs in Q2 2024. Asset managers VSFG and Value Partners announced last week that they have...
U.S. Attorney Damian Williams wrote in an official statement following Judge Lewis A. Kaplan’s Thursday morning ruling that FTX founder Sam Bankman-Fried’s 25-year prison sentence will send “an important message” to potential fraudsters everywhere. In addition to a quarter of a century in prison, Kaplan has ordered Bankman-Fried to forfeit over $11 billion. A Message...
Mainstream cryptocurrency adoption is well underway according to recent findings from a Crypto.com report that show global cryptocurrency ownership increased by 34% last year. According to the report, 432 million people owned crypto in January 2023, a number which rose to 580 million by the end of last year. While notable, digital assets may soon...
TRM Labs data revealed that 2023 saw illicit crypto volumes drop by a third from $49.5 billion in 2022 to $34.8 billion. However, of all crypto frauds in 2023, TRON blockchain hosted 45%, up from 41% in 2022. A new report from TRM’s blockchain intelligence team highlighted key trends in crypto illicit transactions through 2023....
Bybit, one of the world’s largest cryptocurrency exchanges by trading volumes, announced the launch of Bybit.nl as a new regulated crypto and digital assets trading platform in the Netherlands. Bybit is expanding operations in Europe after facing regulatory scrutiny in Hong Kong. Its goal is to serve the Dutch while enhancing the user experience and...
Bitcoin (BTC) sustained its rise, trading at approximately $70,750 as the cryptocurrency market’s total value approached $2 trillion, currently at $1.97 trillion, marking a 1.75% increase in 24 hours. Bitcoin’s own market capitalization has exceeded $1 trillion, driven by heightened interest from U.S. investors and substantial investments in Bitcoin spot ETFs. Needless to say, the...
Hours after introducing Ethena (ENA) on Binance Launchpool, a fake ENA token has been exploited for 480 BNB worth $290,000. According to a report by on-chain security firm PeckShield on Friday, the exploited token is the fake version of ENA. “The token shares the same name as the legitimate ones,” the updated post on X...