Bankman-Fried says he knew ‘basically nothing’ about cryptocurrency Sam Bankman-Fried said he didn’t know much about cryptocurrency before launching FTX and its closely associated hedge fund Alameda Research. Prosecutors allege he siphoned billions in FTX customer funds for his own ends via Alameda. Bankman-Fried has denied wrongdoing. “I had absolutely […]
cryptocurrency
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Bitcoin mining consumes massive amounts of energy, giving the asset a nasty reputation as a threat to the environment and an accelerator of climate change. A new United Nations report found cryptocurrency mining has extremely high costs in the form of astronomical amounts of water and land. The global water […]
Iran has loomed large as one of Hamas’ most generous financial backers, providing the militant group crucial resources it needs to carry out acts of terrorism. But investigators in the US and across the globe have identified another revenue source being exploited by Hamas: Far-flung online donors offering support in […]
A single mum is revealing how ended up £26,000 in debt after falling for a convincing cryptocurrency “work-from-home” scam. Ogo Ezeaka, 34, shared how she “lost everything” after signing up for an online side hustle to supplement her income outside of her job in IT. The Northampton native is now […]
Cryptocurrency boss is jailed for 11,196 years in Turkey after defrauding investors of millions of dollars – after prosecutors called for a 40,562-year sentence Faruk Faith Ozer, 29, founder of Thodex, was found guilty of money laundering, fraud, and organised crime By Shivalika Puri Published: 17:12 BST, 8 September 2023 | […]
Crackdown on the ‘wild west’ cryptocurrency industry is delayed By Leah Montebello Updated: 22:01 BST, 7 September 2023 A crackdown on cryptocurrency has been delayed. The Financial Conduct Authority said stricter regulation about marketing crypto would come into force next month but firms can apply for more time to comply […]
An elderly North Carolina couple was held hostage in their home by armed men who threatened to “cut off (the) husband’s toes and genitalia, to shoot him, and to rape his wife,” before they were robbed of more than $156,000 in cryptocurrency, federal prosecutors said. Prosecutors allege that while pretending […]
Crypto heist couple Ilya Lichtenstein and Heather Morgan — who were charged with laundering $4.5 billion in hacked Bitcoin in 2016 — are reportedly preparing to plead guilty ahead of their next scheduled court appearance on Aug. 3. The so-called “Bitcoin Bonnie & Clyde” have been newly charged in the […]