FTX Exploiter Transfers 5,000 ETH Ahead of Ether Futures ETF Launch

FTX Exploiter Transfers 5,000 ETH Ahead of Ether Futures ETF Launch

Approximately $8.2 million worth of ETH has been moved from a wallet address associated with the FTX hacker, marking the first time assets have been transferred out of the wallet since the hack a year ago. The FTX exchange suffered a loss of over $600 million through the hack in November 2022. The hacker transferred … Read more

Legal Property Or Trouble Ahead?

The Future of Crypto-Currency and Bitcoin!

A recent report from China’s People’s Court challenges the government’s historical stance on cryptocurrency by recognizing virtual assets as legal property. This is a departure from China’s strict regulations and bans on cryptocurrencies. The report asserts that virtual assets possess economic attributes that categorize them as property. While this recognition does not directly challenge the … Read more

Sam Bankman-Fried’s Defense Renews Push for ‘Temporary Release’ Ahead of October Trial

Sam Bankman-Fried, the founder of cryptocurrency trading firm FTX, is seeking a temporary release ahead of his scheduled October trial on charges related to market manipulation. Bankman-Fried's defense team has recently renewed their push for his temporary release, citing concerns over his deteriorating mental health and the potential impact it may have on his ability to effectively participate in his defense.

Defense attorney Christian Everdell stated in a letter that they believe only temporary release will properly address the problems and protect Mr. Bankman-Fried’s right to participate in his own defense. They requested the court to reconsider its decision and require the Marshals to bring Mr. Bankman-Fried to a specific location five days a week, where … Read more