Aurelien Michel, the founder of NFT collection Mutant Ape Planet, was arrested this week by federal authorities for allegedly orchestrating an “NFT rug pull” scam. But that may have been just one of many scams that Michel pulled off. On-chain data suggests that Michel made away with millions of dollars from multiple other similar frauds, prominent blockchain analyst ZachXBT alleged…
A rally in equities markets is providing support to BTC and altcoins, but bulls will likely struggle in keeping the momentum needed to turn overhead resistance levels to support. Source: https://cointelegraph.com/news/price-analysis-1-6-btc-eth-bnb-xrp-doge-ada-matic-dot-ltc-uni
The cryptocurrency exchange Huobi is laying off 20% of its employees, according to multiple reports over the past two days. However, Huobi’s advisor Justin Sun, the founder of Tron, told the South China Morning Post that the layoff reports were untrue. A Huobi spokesperson later confirmed that the staff cuts are true and Huobi plans to maintain “a very lean…
DeLabs, the startup behind top Solana NFT collections DeGods and y00ts, has revealed that it received a $3 million grant to move y00ts to the Ethereum sidechain Polygon. According to a statement published on Discord by founder Frank, aka Rohun Vora, DeLabs will put the funds toward hiring efforts and launch a crypto incubator to support its NFT ecosystem. Y00ts…
Cryptocurrency Exchange Huobi has seen over $94.2 million dollars in net outflows within the past week. Within the past 24 hours alone, approximately 60 million dollars flowed out of the exchange, according to a report by crypto analytics company Nansen. In the past 24 hours, Huobi has seen a significant increase in net outflows $60.9M* of the $94.2M* net outflow…
The United States Attorney’s Office for the Southern District of New York has launched a page on its website appealing to Sam Bankman-Fried’s victims of fraud at FTX to come forward and informing them about court proceedings. In a Jan. 6 filing, Assistant U.S. Attorney Danielle Sassoon requested the federal court allow her office to take “reasonable, accurate, and timely…
FTX founder Sam Bankman-Fried faces eight criminal charges, ranging from fraud to conspiracy to commit money laundering, in connection with the collapse of his once-dominant exchange. Earlier this week, he pleaded not guilty on all charges and got a trial date of October 2—but if that’s all you know about this saga so far, you might be wondering why it…
After Sam Bankman-Fried was handed over to United States officials last month, his top lieutenants — Caroline Ellison and Gary Wang — had already been cooperating with the feds. The two pleaded guilty to a slew of charges and agreed to assist the Southern District of New York to investigate FTX and their former boss. SBF had his day in…
sponsored Recently, the cryptocurrency trading platform MEXC released two retrospective articles: Major Events in Cryptocurrency Market 2022，Which Affected You the Most? Blog-Top 10 Highlights of MEXC 2022, which respectively reviewed the cryptocurrency market in 2022 and the development of MEXC in one year. 2022 is the most dramatic year for the crypto industry. It has experienced many far-reaching black swan…
The legal team for former FTX chief executive officer Sam Bankman-Fried has filed a motion in an effort to stop the exchange’s debtors from controlling more than $450 million worth of shares of Robinhood. In a Jan. 5 court filing regarding FTX’s bankruptcy case, Bankman-Fried’s lawyers said FTX debtors had “failed to carry their heavy burden” establishing that they had…
