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The filing alleges Lubin, a co-founder of the Ethereum blockchain, stripped ConsenSys AG, also known as Mesh, of its main assets – including crypto wallet provider MetaMask – and transferred them to ConsenSys Software Inc. (CSI), incorporated in Delaware, without bringing over the ex-employees as equity holders. Source
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Blockchain data showed that Scroll’s smart contract was deployed on Oct. 8, but the team held off making its official announcement until this week. Source
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Blockchain sleuths have zeroed in on a recent transaction from a wallet associated with Ethereum co-founder Vitalik Buterin, where he transferred $14.9 million worth of USD Coin (USDC) to the cryptocurrency exchange Gemini.According to an Oct. 17 post from blockchain analytics firm PeckShield on X, Buterin’s wallet “Vitalik.eth” transferred $14.93
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Day six of the trial of Sam Bankman-Fried saw the conclusion of former FTX chief technology officer Gary Wang’s testimony and the beginning of former Alameda Research CEO Caroline Ellison’s. Wang testified about his plea deal, among other things.According to Inner City Press on X (formerly Twitter), Assistant United States
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Taking the stand in an ill-fitting black suit, Wang, who co-founded both companies with Bankman-Fried, said that in July 2019, just shortly after the exchange opened for business, Bankman-Fried directed him to write code for FTX that would let Alameda’s account balance fall below zero. It was a secret feature
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Wang’s testimony was part of a plea agreement with prosecutors stemming from his guilty plea filed in December 2022. In a riveting turn of events at the ongoing criminal trial of FTX founder Sam Bankman-Fried (SBF), Gary Wang, the company’s former chief technology officer, unveiled startling revelations about the inner workings
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Adam Yedidia, Sam Bankman-Fried’s MIT buddy and former FTX developer, resumed his immunity-protected testimony on Oct. 5, sharing first-hand accounts of his tenure at the crypto exchange where he lived in a $35 million condo allegedly purchased with commingled customer cash. Department of Justice (DoJ) prosecutors filed a forfeiture notice for
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Sam Bankman-Fried was “very resistant” to having investors join the board of directors at FTX, claims Matthew Huang, the co-founder and managing partner of crypto investment firm Paradigm.The sudden collapse of FTX saw more than a few investors burned, with Paradigm joining a number of venture capital firms including Sequoia,
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In a recent post, investor Chris Burniske expressed the belief that a bottom is looming for the top cryptocurrencies. Burniske predicts that
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The former Singapore villa of Su Zhu, co-founder of the now-defunct cryptocurrency hedge fund Three Arrows Capital, has been repurposed into an urban farm by his wife’s company, Abundant Cities. In Yarwood Avenue, Singapore, a villa stands as a testament to change and adaptability. Previously the residence of Su Zhu, co-founder
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