FTX
PayPal Enters the Crypto Conversation with New Stablecoin; Worldcoin Faces More Scrutiny
“CoinDesk Daily” host Jennifer Sanasie dives into today’s hottest stories in crypto, as the electronic payments giant PayPal ventures into digital assets with the announcement of a U.S. dollar-pegged stablecoin called PayPal USD. Sino Global Capital files a multimillion dollar claim against FTX. And, Worldcoin’s Nairobi warehouse was reportedly raided as Kenya's Ministry of the Interior suspends the project from operating in the country.
Sino Global Files $67M Claim Against FTX-Alameda
Sino Global invested in tokens heavily affected by the decline of Sam Bankman-Fried's FTX crypto empire and partnered with FTX on a fund raised with outside investors' capital.
Could FTX's Sam Bankman-Fried Go to Jail Ahead of His Trial?
Sam Bankman-Fried's defense isn't denying that he shared former Alameda Research CEO Caroline Ellison's diary with the New York Times, and therefore he should be "detained pending trial," according to the latest filing from the U.S. Department of Justice. "The Hash" panel weighs in on the legal road ahead for the disgraced FTX founder.
Hackers Hit Curve, China Announces Blockchain Link and Is FTX Back?
Host Angie Lau takes a deep dive into the DeFi world as the nearly $52 million exploit of Curve Finance stirred up trouble in the space. Plus, Shanghai's plan to build a blockchain infrastructure hub to link with Hong Kong and Singapore. And, the outlook on a potential revival of the defunct crypto exchange FTX. Those stories and other news shaping the cryptocurrency world are in this episode of "Forkast IQ."
U.S. Prosecutors Argue Sam Bankman-Fried Should Be 'Detained Pending Trial'
The U.S. Department of Justice released another filing late Thursday regarding Sam Bankman-Fried and his alleged sharing of former Alameda Research CEO Caroline Ellison's personal diaries to the New York Times. CoinDesk's global policy and regulation managing editor Nikhilesh De discusses the filing and the back-and-forth between the prosecutors and former FTX CEO's legal defense team.
Sam Bankman-Fried Faces Jail as Justice Department Pushes for Incarceration
The department responded to the FTX founder's defense team, which argued that the DOJ was portraying him in a negative light.
Twitter Bots Pumped Alameda-Linked Tokens After FTX Listing: Report
According to a report from Network Contagion Research Institute (NCRI), five tokens linked to Alameda Research, including BOBA, GALA, IMX, RNDR, and SPELL, were pumped by a legion of Twitter bots after FTX listed them. "The Hash" discusses the surge in the tokens' price and what this could mean for the ongoing FTX bankruptcy case.
If Binance Faces U.S. Criminal Charges it Could be a 'Death Blow': Former CFTC Division Director
Josh Sterling, former CFTC Division Director and current partner at Jones Day reacts to Semafor reporting that Binance could face U.S. Department of Justice fraud charges, although prosecutors are weighing alternatives given the risk of an FTX-style bank run. Sterling notes that criminal charges against companies are usually a "death blow" and often have "severe consequences for all stakeholders."
Department of Justice Could Charge Binance With Fraud: Report
Binance may face Department of Justice fraud charges, though prosecutors are considering alternatives given the risk of an FTX-style bank run, according to Semafor. Josh Sterling, Jones Day partner and former CFTC division director, discusses the specifics of the report and the potential outcomes.
FTX Wants Dubai Unit Removed From U.S. Bankruptcy Proceedings
Liquidating FTX Dubai under UAE law would make way for the timely distribution of any outstanding liabilities, the bankrupt estate argued in court filings.
