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Gary Wang told prosecutors that Alameda Research withdrew more value from FTX than the exchange made from fees, owing $20 billion once, while Judge Kaplan reprimanded defense attorneys for repetitive questioning on SBF’s trial day 4. Former FTX CTO Gary Wang named founder Sam Bankman-Fried as a co-conspirator of fraud on
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Gary Wang, the co-founder and former chief technology officer of cryptocurrency exchange FTX, was the latest witness to testify in the criminal trial of former CEO Sam “SBF” Bankman-Fried.According to reports from Inner City Press, Wang addressed the courtroom on Oct. 5 following testimony from former FTX developer Adam Yedidia
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Dropbox is transitioning from its once-unlimited Advanced storage plan to metered offerings, driven by rising misuse, including cryptocurrency mining activities. In response to the increasing misuse of its Advanced storage policy, particularly for cryptocurrency mining, Dropbox is
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The online storage platform Dropbox has binned its unlimited storage plan after discovering some of its users were using the service for resource-intensive purposes like mining crypto.In an Aug. 24 blog post, Dropbox said its unlimited Advanced plan has instead moved to a metered storage plan with new users getting
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Hong Kong-based crypto exchange LBank is preparing to introduce what it claims to be the world’s first unlimited cryptocurrency credit card. The upcoming card, available in virtual and physical forms, will allow users to make direct cryptocurrency
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