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Israel-Hamas escalation; Revelations from SBF’s trial; Ferrari embraces crypto

This week, industry leaders evaluated the impact of the Israel-Hamas war; FTX founder Sam Bankman-Fried’s trial progressed; and Ferrari confirmed plans to accept crypto payments. Bankman-Fried’s political ambitions On the fifth day of Sam Bankman-Fried’s trial, former Alameda CEO Caroline Ellison revealed that Bankman-Fried utilized customer funds for political lobbying and engaged

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Russian Cybercriminals May Have Been Behind Hack of SBF’s FTX, On-Chain Research Indicates

“Of the 4,536 Bitcoins converted from ether at RenBridge, 2,849 BTC was sent through mixers, predominantly a service called ChipMixer,” Ellipic said. “Tracing these assets becomes more challenging, however at least $4 million was transferred to exchanges, where it may have been cashed out.” Source

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SBF’s lawyers ask court to allow introduction of Anthropic evidence

In a motion filed on Oct. 10, Sam “SBF” Bankman-Fried’s lawyers requested that the court allow for the introduction of evidence supporting positive investment outcomes, such as an investment in the artificial intelligence (AI) startup Anthropic. This comes after United States prosecutors filed a request on Oct. 9 to bar SBF’s legal

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SBF’s Alameda minted $38B USDT to profit off arbitrage trading: Coinbase director

Blockchain data flagged by Coinbase director Conor Grogan indicates that Alameda Research redeemed over $38 billion for Tether (USDT) tokens in 2021 despite not having the equivalent assets under management.Onchain data shows that Alameda was responsible for minting $39.55B of USDT, a number that is 47% of Tether's circulating supply

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SBF’s trial begins, more layoffs, Israel at war with Hamas, Ripple secures another victory

This week, FTX founder Sam Bankman-Fried’s trial began; the crypto sector witnesses more layoffs; a Hamas-led attack stuns Israel; Ripple vs. U.S. SEC continues. SBF faces trial Sam Bankman-Fried’s trial continues on Tuesday, Oct. 10 with testimony from former Alameda CEO Caroline Ellison. Before the trial began on Oct. 3, attorneys declined

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Former FTX Co-Founder Gary Wang Exposes SBF’s Shady Dealing with Alameda at Trial

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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