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“Oh, yes,” Easton said when asked by the court whether FTX ever spent user deposits. The professor testified these user deposits were reinvested into businesses and real estate, used to make political contributions and donated to charity, as reported. Original Source
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At the event, the Managing Director of Bitget Gracy Chen delivered a speech titled “Top Crypto Opportunities in Q4 2023 and Beyond” where she provided insights into the goals Bitget aims to pursue in the crypto industry. Seychelles-based cryptocurrency exchange Bitget is taking part in the Future Blockchain Summit being held in
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Former FTX’s head of engineering Nishad Singh spills the beans over reckless expenditure of customers’ funds by Sam Bankman-Fried. He also admits to being part of these crimes. During his trial at the Manhattan Federal court on Monday, October 16, FTX chief of engineering Nishad Singh disclosed the reckless spending
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Bitcoin, the leading digital asset in terms of market cap and adoption, recent activity on its price chart has led to speculation
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A 75-minute secretly recorded audio clip of Caroline Ellison has revealed the exact moment 15 former Alameda Research staff found out the hedge fund was “borrowing” user funds from FTX. The full-length recording, obtained by Cryptox, provides fresh insights into the palpable tension felt by Ellison and Alameda staff in the
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Reports from South Korea-based Yonhap News Agency have revealed that Upbit, one of the largest crypto exchanges in South Korea experienced over
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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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A recent survey by Bitget delves into the diverse motivations behind cryptocurrency investments across various countries, revealing insights into regional preferences and economic aspirations. On October 5, Bitget revealed data from a survey that offered a deeper understanding of the evolving cryptocurrency investment landscape, highlighting diverse motivations across different regions. In specific
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Apart from Spot Bitcoin ETFs, Ethereum Futures ETFs have been the talk of the crypto industry for months as investors look toward
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Binance CEO Changpeng “CZ” Zhao reportedly declined to pay $40 million to former FTX CEO Sam Bankman-Fried (SBF) for a futures crypto exchange in March 2019, according to an excerpt from Michael Lewis’ book Going Infinite: The Rise and Fall of a New Tycoon.According to the book, SBF proposed a
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