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A pilot program for a live Singapore dollar-based central bank digital currency (CBDC) was unveiled by Singapore’s central bank with a wholesale CBDC to be used by local banks for settlements. “I am pleased to announce that MAS will pilot the ‘live’ issuance of wholesale CBDCs to instantaneously settle payments across
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Bankman-Fried may have been convicted, but The Bahamas appears to be dealing with the stigma of rolling out a red carpet for FTX. Source
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Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.The exploiter behind the $116-million theft of assets from Mango Markets will face trial in April next year after the accused convinced the
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We weren't really sure if it was the last day or not. The jury determining Sam Bankman-Fried's fate had begun deliberating the charges just a few hours before, after Judge Lewis Kaplan had spent much of the morning and some time after lunch reading out a 60-page charging document. Surely
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Bonk took center stage in the Solana ecosystem in January as sentiment around the blockchain network took a hit in the aftermath of the Sam Bankman-Fried and FTX exchange debacle. Source
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The trial for Avi Eisenberg, the crypto trader accused of a $110 million fraud, has been pushed back to April 2024. The trial was initially scheduled to kick off next month. Originally set to commence on Dec. 8, Eisenberg’s trial has faced delays due to several factors. His legal team requested
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Lawyers representing the $116 million Mango Markets exploiter have convinced a judge to postpone the fraud trial until April 8, 2023.Avraham Eisenberg’s fraud trial was set to commence on Dec. 4 but several circumstances impacted his trial preparations, according to his lawyers, who filed a successful motion for a continuance
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Eisenberg's trial schedule was moving nearly as speedily until late October, when the Bureau of Prisons moved him from a New Jersey federal jail to Brookyln's more restrictive Metropolitan Detention Center, hampering defense lawyers' efforts to prepare for his December 8 trial date, according to a filing. Original Source
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Winners and Losers of Sam Bankman-Fried's Trial Original Source
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Bankman-Fried, 31, was arrested last December and tried on allegations of defrauding FTX investors and customers, and Alameda Research's lenders. The once-prominent crypto exchange CEO pleaded not guilty to all charges, and went to trial at the beginning of October, where federal prosecutors sought to paint him as someone who
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