News Explorer — BlockFi Is Battling FTX and 3AC Over Alleged Fraud, Seeking to Retain Billions of Dollars

BlockFi Is Battling FTX and 3AC Over Alleged Fraud, Seeking to Retain Billions of Dollars

BlockFi is fighting to retain billions of dollars from FTX and Three Arrows Capital over allegations of fraud. BlockFi alleges that FTX misappropriated customer funds in an elaborate scheme designed to defraud investors. BlockFi argues that FTX and 3AC are not entitled to repayment due to their fraudulent behavior.

Source Article

Latest

Aug 23, 1:12 am

Blockworks

BlockFi Is Battling FTX and 3AC Over Alleged Fraud, Seeking to Retain Billions of Dollars

BlockFi is fighting to retain billions of dollars from FTX and Three Arrows Capital over allegations of fraud. BlockFi a… Read Summary

Source Article

Aug 23, 1:06 am

DL News

Croatia Lays Out Clear Rules to Attract Crypto Activity and Become an EU Passporting Hub

Croatia is aiming to attract crypto activity by quickly establishing clear rules and becoming a passporting hub for the… Read Summary

Source Article

Coindesk

XRP Pukes Gains From SEC, Ripple Labs Court Ruling

The recent bearish sentiment in the market has caused tokens like XRP to lose significant gains after Ripple Labs’ court… Read Summary

Source Article

Coindesk

88% of Short-term Bitcoin Holders Are Facing Unrealized Losses

Recent price slide in Bitcoin has left short-term holders underwater on their coin holdings, with 88.3% of the supply co… Read Summary

Source Article

Aug 22, 1:49 pm

Decrypt

Ex-OpenSea Exec Receives 3-Month Sentence in NFT Insider Trading Case

Nathaniel Chastain, the former head of product at OpenSea, has been sentenced to three months in prison for using inside… Read Summary

Source Article

Aug 22, 1:30 pm

Decrypt

Base Daily Transactions Outpace Ethereum on Friend.tech Frenzy

Coinbase’s Ethereum layer2 solution, Base, has surpassed Ethereum in daily transactions, with 1.37 million transactions… Read Summary

Source Article

Aug 22, 12:35 pm

Decrypt

Sam Bankman-Fried, Living on Bread and Water in Prison, Pleads Not Guilty

Sam BankmanFried, the fallen crypto founder, is facing difficulties in jail as he awaits trial on fraud and conspiracy c… Read Summary

Source Article

Aug 22, 12:05 pm

Decrypt

Bitcoin Mining Startup Raises $13 Million to Turn Trash Into BTC

Nodal Power has raised $13 million in funding to convert methane gas from landfills into renewable electricity and use i… Read Summary

Source Article

Aug 22, 11:38 am

Coindesk

Balancer DeFi Users Pull Almost $100M After Exploit Warning

Balancer, a decentralized crypto trading project on Ethereum, has discovered a critical vulnerability that could put ten… Read Summary

Source Article

Aug 22, 11:12 am

Coindesk

Binance’s BNB Token Falls to Year-Low

BNB, the cryptocurrency associated with Binance, experienced a significant drop in value due to mounting regulatory and… Read Summary

Source Article

Aug 22, 9:23 am

time.com

Sam Bankman-Fried Pleads Not Guilty to Fraud and Money Laundering Charges

Sam Bankman-Fried, the embattled crypto mogul, pleaded not guilty to seven counts of fraud and money laundering in his f… Read Summary

Source Article

Aug 22, 10:33 am

Protos

Billionaire Joe Lewis Sold Properties to FTX Founder Sam Bankman-Fried: Report

Joe Lewis, the billionaire owner of Tottenham Hotspur, sold properties worth over $76 million to FTX founder Sam Bankman… Read Summary

Source Article

Aug 22, 3:59 am

The Block

China Sentences Former Party Official to Life Imprisonment for Corrupt Activities in Crypto Mining

A former Chinese party official, Yi Xiao, has been sentenced to life imprisonment for corrupt activities related to cryp… Read Summary

Source Article

Aug 22, 3:47 am

Decrypt

Shibarium Devs Say Enhanced Network ‘Almost Ready’ to Reopen

After a rocky start last week, Shiba Inu’s Layer-2 network Shibarium is preparing to relaunch with a new monitoring syst… Read Summary

Source Article