In August, the crypto news website Web3 Is Going Just Great published a post about the arrest of Roman Ziemian, the founder of crypto trading platform FutureNet, which is alleged to have defrauded victims out of a combined $21 million. For the news site’s administrator, Molly White, a software engineer and one of the world’s […]
Prominent crypto critic says someone offered bribes to take down a blog post Read More »
Worldcoin, the Sam Altman co-founded “proof of personhood” crypto startup that scans people’s eyeballs, announced on Thursday that it dropped the “coin” from its name and is now just “World.” The startup also unveiled its next generation of iris-scanning “Orb” and other tools at a live event in San Francisco. Co-founder and CEO of World,
After the criminal implosion of the crypto exchange FTX, many of the company’s executives have been found guilty on various counts of fraud or conspiracy to commit such acts. Ryan Salame, the former co-CEO of FTX Digital Markets, is starting his seven-and-a-half-year fraud sentence today, but not before posting an all-time absurd LinkedIn post (and
FTX’s Ryan Salame posts jokes on LinkedIn as he heads to prison Read More »
Michael Gronager, co-founder and CEO of Chainalysis, has taken a personal leave of absence from the company. The blockchain analysis outfit isn’t sharing why but says the development is temporary. According to The Block, which first reported the news, Chainalysis President and COO Sari Granat, who joined the outfit in 2022, is acting as interim
Chainalysis CEO Michael Gronager steps down in move described as temporary Read More »
Binance founder Changpeng “CZ” Zhao was released from US custody on Friday after serving out his four-month sentence in a low-security correctional facility. CZ’s sentence was the product of a federal investigation that found Binance had failed to stop widespread criminal activity on the world’s largest cryptocurrency exchange. CZ pleaded guilty to the DOJ’s charges,
Binance founder ‘CZ’ released from custody after four-month sentence Read More »
The promise of blockchain to change the world hasn’t materialized. For the most part, the technology has instead enabled people to speculate on a new asset class. A big hurdle to realizing blockchain’s full potential, web3 proponents argue, is that decentralized services are incredibly hard to build. Tomasz Tunguz, best known for his popular startup
Tomasz Tunguz’s Theory Ventures bets $12M on Initia, the ‘iOS for web3’ Read More »
Caroline Ellison, the former CEO of FTX affiliate Alameda Research, was sentenced to two years in prison on Tuesday. Ellison had pled guilty to conspiring with FTX’s Sam Bankman-Fried to steal $8 billion worth of customers’ funds, but she was an exceedingly cooperative witness, helping law enforcement to investigate the massive fraud scheme. Her two-year
Caroline Ellison sentenced to two years in prison for FTX fraud Read More »
Blockchain technology is all about decentralization and virtualization. So it’s a little ironic that humans love to come together in person at big blockchain events. Such was the case last week in Seoul, where a record 17,000 people and 300 speakers came together for Korea Blockchain Week. Like traditional tech conferences, the event featured a
A walk through the crypto jungle at Korea Blockchain Week Read More »
Lawyers representing Sam Bankman-Fried, the FTX CEO and co-founder who was convicted of fraud and money laundering late last year, are seeking a new trial. Following crypto exchange FTX’s collapse, Bankman-Fried was found guilty on all seven counts, then sentenced to 25 years in prison and ordered to pay $11 billion in forfeiture. He has
Sam Bankman-Fried appeals conviction, criticizes judge’s ‘unbalanced’ decisions Read More »
Telegram has had a tough few weeks lately. The messaging app’s founder, Pavel Durov, was arrested in late August and later released on a €5 million bail in France, charged with running a company complicit in distributing child sexual abuse material, and facilitating drug trafficking and organized fraud. Predictably, that crashed the price of the
Telegram CEO Durov’s arrest hasn’t dampened enthusiasm for its TON blockchain Read More »
