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FTX’s sister hedge fund, Alameda Research, lost at least $190 million of its trading funds due to arguably avoidable scams, according to a former engineer at the firm.In an Oct. 12 post to X titled “The Hacks,” former Alameda Research engineer turned whistleblower Aditya Baradwaj claims that the firm’s “breathtaking”
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During the trial of Sam Bankman-Fried, the founder of crypto exchange FTX, shocking revelations emerged from the testimony of former Alameda Research
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Zimmerman explained that Chainlink positioned itself as a key piece of infrastructure to connect blockchains with the outside world via its system of oracles and wide range of partnerships. “It will certainly not be the biggest gainer, but few projects are better positioned to benefit from the narrative,” he added. Source
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Ellison, who led Alameda Research, said SBF asked her to commit money laundering and fraud by faking figures submitted to investors. The former CEO of Alameda Research Caroline Ellison has testified against former FTX CEO Sam Bankman-Fried (SBF) in the ongoing trial. While testifying as the fifth witness for the prosecution,
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In a rapidly changing blockchain and cryptocurrency landscape, staying informed is crucial. Cryptox has launched its new Research Terminal — an all-in-one destination for comprehensive crypto insights, detailed reports and extensive data. The revamped terminal offers an improved user experience with a user-friendly interface, making it effortless to explore our wealth
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Blackmail and ransomware are the most common crypto scams, a new research shows. Explore how to protect your funds. Cryptocurrencies have promised innovation but have also seen their fair share of wrongdoing, especially in the form of scams that have left investors counting their losses. According to Chainanalysis, while the first half
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On Oct. 5, Binance Research released a monthly market report with numbers indicating a continuous decline on stablecoins, which hit a low of US$123.8b. The report reveals that this month marks the 18th month in a consecutive decline. Dives deeper The full report shares that in September, the cryptocurrency market remained remarkably steady, exhibiting minimal
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A former MIT alumnus and SoftBank executive has launched a Dirham-backed stablecoin that aims to give countries plagued by high inflation environments exposure to assets linked to the United Arab Emirates’ native currency.Cointelegraph reached out to Akshay Naheta, founder and CEO of Distributed Technologies Research (DTR) following the announcement of
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Analysts say suspicious coin swap services are trying to maintain “an aura of legitimacy” by requiring clients to agree to fake AML policies. Russian coin swap services are posing “significant” sanctions and anti-money laundering (AML) risks as they do not rely on real AML policies, although they are trying to convince
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“We’ve seen the great utility stablecoins and USDC have brought to developers, corporations, end-users and more across an array of use cases, including for global lending markets within DeFi,” the company said in a blog post. “However, for new entrants to participate in these markets, the ability to securely unlock
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