Shakeeb Ahmed, a cybersecurity engineer convicted of stealing around $12 million in crypto, was sentenced on Friday to three years in prison. In a press release, the U.S. Attorney for the Southern District of New York announced the sentence. Ahmed was accused of hacking into two cryptocurrency exchanges, and stealing around $12 million in crypto, […]
Security engineer jailed for 3 years for $12M crypto hacks Read More »
If you think that choosing a nail polish color or which ingredients go into your face cream can’t have anything to do with blockchain, think again. Kiki World, a beauty startup launched last year, wants consumers to co-create products and co-own the company with the help of web3 technology. On Tuesday, LA-based Kiki announced that
If the 2023 crypto venture landscape was an ice-cold pot of water, the first quarter of 2024 is the part where the bubbles start to form right before water boils, Tom Schmidt, a partner at Dragonfly Capital, said to TechCrunch. And he’s not wrong: $2.52 billion in total capital has been raised across the crypto
As AI proliferates and things on the internet are easier to manipulate, there’s a need more than ever to make sure data and brands are verifiable, said Scott Dykstra, CTO and co-founder of Space and Time, on TechCrunch’s Chain Reaction podcast. “Not to get too cryptographically religious here, but we saw that during the FTX
After a lengthy trial and conviction, we finally learned how long former crypto baron Sam Bankman-Fried will be behind bars: up to 25 years. It’s a lengthy sentence, but one that given the scale of the crimes he was convicted of, doesn’t come as a shock. For the crypto industry, it’s also the final page
TechCrunch Minute: Sam Bankman-Fried’s sentencing marks an end to the FTX saga Read More »
On Thursday, a federal judge sentenced former FTX CEO Sam Bankman-Fried to 25 years in prison after he was found guilty on seven charges of wire fraud and money-laundering. The scam he pulled was fairly simple: He and his partners created an exchange, FTX, that took customer deposits to invest in and trade cryptocurrencies. Some
SBF’s prison sentence marks the end of the crypto grift era — so what’s next? Read More »
Sam Bankman-Fried, the co-founder and former CEO of crypto exchange FTX and trading firm Alameda Research, was sentenced to 25 years in prison by Southern District of New York (SDNY) Judge Lewis Kaplan, about five months after he was found guilty on all seven counts related to fraud and money laundering during his trial. “When
Welcome to TechCrunch Crypto, formerly known as Chain Reaction. This is the last edition of this newsletter. I want to personally thank each of you for reading this and if you would like to stay in touch, you can follow me on X here for future updates. With that said, the show goes on. This
As the crypto space heats back up, so has funding for new startups. 0G Labs, a web3 infrastructure firm,” has raised $35 million in a pre-seed round, the team exclusively told TechCrunch. If $35 million sounds like a lot for a pre-seed round, it really is. “In order to build the basic technology, we wanted
0G Labs launches with whopping $35M pre-seed to build a modular AI blockchain Read More »
Borderless Capital, an investment firm that specializes in web3, announced Tuesday that it is acquiring CTF Capital, a quantitative trading and asset management firm headquartered in Miami, with technology and operation teams in Latin America. The financial details of the deal were not disclosed. The deal marks Borderless’ first acquisition since its inception in 2018.
