ALTCOIN

Crypto Recovery Firm Offers to Unlock Former Ripple CTO’s $244 Million Bitcoin Fortune

[ad_1] Source: iStock/Ladislav Kubeš Crypto recovery firm Unciphered has extended an offer to former Ripple chief technology officer (CTO) Stefan Thomas to unlock a hard drive containing over 7,000 Bitcoin ( BTC) that he has been unable to access for years. In a Wednesday open letter, Unciphered proposed to unlock Thomas’ IronKey hard drive, which holds 7,002 BTC, equivalent to approximately $244 million at the time of writing. Thomas, a
Business

Sam Bankman-Fried has no way to ‘out-fox’ prosecutors: Scaramucci

[ad_1] Sam Bankman-Fried will be no match for government prosecutors who will poke holes in his defense when he takes the stand in his criminal trial, says SkyBridge Capital founder Anthony Scaramucci.In an Oct. 25 interview on CNBC’s “Last Call,” Scaramucci said the Department of Justice prosecutors will “point out all the contradictions” he believes Bankman-Fried has made which will “add years to his sentence.""He’s gonna get skinned alive, there’s
BLOCKCHAIN

Bankrupt Crypto Firms Alameda Research and FTX Move $10 Million in Crypto to Exchange Accounts, Raising Questions

[ad_1] Source: AdobeStock / Rafael Henrique Wallets linked to bankrupt crypto firms Alameda Research and FTX moved over $10 million worth of cryptocurrency to a single wallet address, which then deposited the funds to exchange deposit accounts. 🚨 #FTX and #Alameda related addresses are depositing tokens to exchanges! Via address 0xde9, #FTX 0x97f and #Alameda 0xf02 have transferred 2,904 $ETH ($5.21M)1,341 $MKR ($2.01M)11,975 $AAVE ($1.02M)198,807 $LINK ($2.27M) to #Binance and #Coinbase
BLOCKCHAIN

1,000 Police Personnel Duped in $240 Million Crypto Scam in India

[ad_1] Source: Pexels Over 1,000 Indian police officials have found themselves ensnared in a massive crypto scam, which has managed to dupe more than 250,000 victims out of an estimated Rs 2,000 crore (equivalent to $240 million). The crypto scam was previously reported to be at around $24 million, but police investigation now estimates it to be a much larger scam totalling somewhere around $240 million. The crypto ponzi scheme
Business

FTX probes $6.5M in payments to AI safety group amid clawback crusade

[ad_1] Bankrupt crypto exchange FTX is looking to demand information on millions of dollars in payments it had previously given to a nonprofit AI safety organization — the Center for AI Safety (CAIS).In an Oct. 25 bankruptcy court filing, the lawyers helming FTX claimed the firm gave $6.5 million to CAIS between May and September 2022 — months before the crypto exchange collapsed and declared bankruptcy.FTX wants a Delaware Bankruptcy
Business

‘Magnificent seven’ tech stocks tumble a whopping $280B as crypto surges

[ad_1] More than $280 billion has been wiped from the “magnificent seven” tech stocks following the release of several earnings reports on Oct. 25, triggering fears of a looming tech recession.The so-called “magnificent seven” refers to the top seven blue-chip tech firms including Apple, Microsoft, Meta, Amazon, Alphabet, Nvidia, and Tesla — who combine to make up a quarter of the value of the S&P 500 index.Google parent company Alphabet