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The Latest Breaking News from Crypto

Bankrupt Crypto Exchange FTX Takes Legal Action Against Former Associates Over $157.3 Million Withdrawal

FTX alleges illicit withdrawals made by former associates of Salameda, under the control of ex-CEO Sam Bankman-Fried.

Zenger

ByBit Ceases Operations In UK Following Implementation Of New Rules

Crypto exchange ByBit exits UK market as stricter regulations take effect

Zenger

The week in audio: Cillian Murphy’s Limited Edition; Short Cuts; Beyond the Bathroom; Crypto Kingpins – review

The actor lets his mind-expanding music do the talking; aural hallucinations are par for the course on one of UK radio’s most important shows; and Candice Brathwaite brings beauty to life

The Guardian - UK

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Crypto Analytics Firm Nansen Reports Breach, Exposing User Emails And Blockchain Addresses

Third-party vendor breach allows unauthorized access, affecting 6.8% of users; Nansen takes immediate action

Zenger

Paris Saint-Germain Teams Up With Crypto.com For AI-Generated NFT Match Posters

PSG partners with Crypto.com to develop limited edition NFT match posters using generative AI

Zenger

The vast majority of NFTs are now worthless, new report shows

Two years after tech trend that swept up artists and celebrities, researchers estimate 23 million people hold worthless investments

The Guardian - US

Donald Trump Jr makes return to Twitter after hack – to blame Hunter Biden

‘I’M BACK... Hunter Biden must have hacked my account!’ Trump Jr writes after his account erroneously announced former president’s death

The Independent UK

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Coinbase pursued FTX Europe acquisition as it looked to expand its overseas derivatives business

The FTX entity owns a key regulatory license in the European market.

Fortune

Solar Techno Alliance crypto scam: the promise of a Ponzi scheme

Manoj Kumar Laha, 47, lost ₹1.22 lakh in chit funds, but hoped for a windfall. He invested ₹10,000 in Solar Techno Alliance (STA), a crypto token, but it turned out to be an illicit MLM Ponzi scheme. Ramachandra Nayak, 27, also invested ₹1 lakh in STA. Over 2 lakh 'investors'…

The Hindu

Ripple’s legal bills hit $200 million as crypto industry looks to Asia

Ripple has stood its ground in an existential fight with the SEC, but the fight has not been cheap.

Fortune

Aptos Labs Teams Up With Coinbase Pay To Tackle Web3 Challenges

Partnership aims to simplify onboarding and offboarding for web3 users, enhancing user experience.

Zenger

Why Bitcoin, Ethereum, And Dogecoin Are Heading Lower Today Despite Powell’s ‘Very Very Good’ Remarks On Inflation

Major cryptocurrencies experienced a significant decrease in value on Wednesday evening

Zenger

FTX founder Sam Bankman-Fried’s trial starts in two weeks. Here’s a preview

The SBF trial is set to be one of the most important cases in history for a venture capital-backed startup.

Fortune

Coinbase’s top lawyer ‘optimistic’ battles with SEC will ‘help shape the landscape and bring clarity for all of us’

Paul Grewal said at the Messari Mainnet conference that the SEC's case against Coinbase is a threat to the entire crypto industry.

Fortune

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Newsroom.co.nz

Lack of water treatment highlights urgency of Three Waters reforms – mayor

Queenstown council failed to install the protozoa barrier that would have averted its crypto outbreak because of 'tens of millions' cost, writes Jonathan Milne.

Fortune

PayPal adds its PYUSD stablecoin to Venmo in push to expand crypto reach

The payments giant recently unveiled its new stablecoin to much fanfare, but PYUSD has yet to supplant other stablecoin giants like Tether or USDC.

The Independent UK

Sam Bankman-Fried’s parents sued by embattled crypto company FTX

Mr Bankman-Fried, 31, has pleaded not guilty to charges of fraud and conspiracy and his trial is set for 3 October in New York

Zenger

Crypto Fraudsters Arrested In Hong Kong, Over A Billion Dollars In Assets Frozen

Hong Kong authorities detained 8 individuals in connection with the crypto platform JPEX on charges of conspiracy to defraud

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Fortune

Hong Kong may be warming to crypto, but rules are rules: A crypto influencer and 5 others were just accused of ‘conspiracy’

The city began allowing some crypto trading in June under a new licensing system.

Fortune

Sam Bankman-Fried’s father wanted to keep $5.5 million donated to Stanford from FTX under the radar: ‘Seems too close to home’

The allegations are part of a broader lawsuit from the FTX estate against Sam Bankman-Fried’s parents, Joseph Bankman and Barbara Fried.

The Guardian - UK

City watchdog ex-chair says he faced ‘political pressure’ to let in crypto firms

Charles Randell says some of the exchanges the FCA was pressed to allow to trade in the UK are now being investigated in the US

Evening Standard

London fintech owner linked to drug kingpins faces Belgian trial

A London-based fintech owner accused of helping drug traffickers launder hundreds of millions of euros through a crypto exchange platform must be extradited to Belgium to face criminal charges, a London judge ruled.

Fortune

New York crypto regulator removes Ripple and Dogecoin from token 'greenlist' in latest update

The Department of Financial Services stripped nearly 20 cryptocurrencies from the list in its new guidance.

Fortune

Blockchain Capital raises $580 million for 2 crypto funds amid ongoing VC drought: ‘We’ve got stuff that’s working’

The venture capital firm is yet another outfit to announce a fundraise this year.

Fortune

Billionaire Mark Cuban loses $870,000 in crypto scam

Cuban said the scam could’ve been due to a malicious version of a crypto wallet he downloaded.

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