FTX has sued former CEO Sam Bankman-Fried and other former key executives from the now-bankrupt crypto exchange to recover more than $1 billion in allegedly misappropriated funds.  A July 20 complaint filed in a United States Bankruptcy Court named former Alameda Research CEO Caroline Ellison, FTX co-founder Zixiao “Gary” Wang, former FTX engineering director Nishad Singh and Bankman-Fried as defendants.  In […]

Through the bear market, Arbitrum (ARB) has been one of the tokens that have managed to hold on to a significant amount of its all-time high value. Along these same lines, the digital asset is one of the few tokens currently flashing a green bullish flag, and accumulation has ramped up as a result of this. ARB Whale Accumulation Ramps […]

FTX’s efforts to claw back customer funds are continuing. Alameda Research and FTX filed suit on July 19 seeking the return of $71.6 million in allegedly commingled corporate and customer funds related to investments and donations to life sciences companies. The defendants in the suit are six life sciences companies, the FTX Foundation philanthropical organization, the Latona Biosciences Group “sham” […]

OpenAI announced the beta launch of “custom instructions” for ChatGPT on July 20. The much-requested feature will allow users to create a preface for their prompts featuring instructions for the artificial intelligence (AI) chatbot to consider before responding to queries.  According to a company blog post, the feature works across prompts and sessions and includes support for plugins. As is […]

Crypto analyst Adam Cochran recently caused a stir in the cryptocurrency community when he called attention to a series of TrueUSD (TUSD) transactions made by Tron founder Justin Sun.  Cochran highlighted a series of transactions made by Sun’s address on the Tron blockchain, including minting $62 million worth of TUSD, withdrawing $50 million in USDT from Huobi, and depositing $50 […]

Members of Crypto Twitter have quickly identified and warned others against a scam being pushed by Uniswap founder Hayden Adams’ compromised account. A Web3 Security Alert channel on Telegram notified followers that Adams’ Twitter account had been compromised on July 20. The account from Uniswap founder and CEO released a tweet to its more than 254,000 followers falsely claiming that […]

The United States Securities and Exchange Commission (SEC) has allegedly held up assistance needed in a congressional bill to regulate the crypto markets. This has been considered a potential hurdle if the bill is to pass in Congress. Through multiple sources, the Block found that the SEC has yet to provide sufficient technical assistance for the bill after almost six […]

Earlier today, “LucieSHIB,” a well-known influencer in the Shiba Inu community and a marketing specialist working for the Shiba Inu (SHIB) team, offered an explanation for the current stagnation in the price of Shiba Inu’s native token, SHIB. Lucie’s comments were in response to growing frustration among SHIB investors, some of whom have been disappointed by the token’s lackluster performance […]

Amid the growing popularity of zero-knowledge (ZK) proof based layer-2 scalable solution, decentralized finance liquidity protocol Symbiosis has added support for Linea, a zkEVM-based Consensys-developed scalable solution for cross-chain swaps. Symbiosis said in a statement that Linea is a developer-ready zkEVM roll-up type, which means it is Ethereum-compatible and thus lets developers reuse a lot of existing infrastructure for creating […]