In a recent development following the FTX saga, the Charity Commission for England and Wales has launched a probe into Effective Ventures Foundation, a charity backed by former FTX CEO Sam Bankman-Fried. The charity commission that regulates nonprofits in the…
On 6th of August 2022, two mystery wallets withdrew $75M+ of stETH from FTX. They then proceeded to market-sell everything, kicking off a “de-peg” event seen as one of the contributing factors to Celsius’s bankrun and the demise of Three…
Federal prosecutors have confiscated nearly $700 million in cash and assets linked to EX FTX CEO Sam Bankman-Fried. A recent court filing revealed that the federal authorities confiscated more than 55 million shares of Robinhood stock along with millions of…
Banking regulators in the U.S. have warned financial institutions to be careful about how they deal with cryptocurrency, noting that it exposes them to risks such as scams and fraud. This warning is coming after the FTX collapse and the…
The crypto industry has been faced with an unfriendly period as the price of crypto assets has continued to decline massively. With the year 2022 almost over, Crypto traders have been faced with huge losses after so many challenges that…
