Tag results for: cryptocurrency
Crypto heavyweights back new cybersecurity standards after nearly $4 billion was lost to hacks in 2022
Amid the crypto industry’s myriad obstacles, hacks still rank at the top of the list. Despite the bear market, last year saw a historic spike, with nearly $4...
Crypto.com was among dozens of potential suitors for FTX Europe. But the bankruptcy estate isn’t selling it
In mid-July, the FTX bankruptcy estate launched a $320 million lawsuit against the executives of subsidiary FTX Europe. Led by former Enron steward John Ray III, the debtor’s...
Sam Bankman-Fried’s brother sought to buy the island nation of Nauru with FTX funds to build an effective altruist bunker, new lawsuit alleges
Sam Bankman-Fried’s brother Gabe wanted to use the FTX Foundation to buy the island nation of Nauru and set up a bunker for him and other ‘effective altruists’...
Experts are calling the Ripple ruling a win for the industry. Here’s how lawyers—and Crypto Twitter—are reacting
On Thursday, a New York district judge issued a long-awaited ruling on a court case between the Securities and Exchange Commission and the crypto firm Ripple. The dispute...
Ripple’s open market sales of XRP cryptocurrency aren’t securities, court rules in landmark decision
It was the court case the entire crypto industry was waiting for—the showdown between the Securities and Exchange Commission and Ripple, an early digital assets firm behind the...
FTX spent $376 million to get a $2 million license in Europe. Now its caretaker CEO wants most of that money back
Since November, after the collapse of the crypto exchange FTX, a caretaker estate has been trying to unwind the disastrous investments of Sam Bankman-Fried. Led by veteran lawyer...
