According to multiple reports, U.S. District Judge Lewis Kaplan sentenced Wang to time served, three years of supervised release, and has been ordered to forfeit illicit funds obtained as part of the scheme. Wang was responsible for writing the actual code that executed illicit transactions of FTX customer funds.
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Category: Cryptocurrencies
Vana to Launch Mainnet for Decentralized User-Owned Data
Vana Foundation announces the upcoming launch of its mainnet, introducing decentralized DataDAOs and the VANA token to empower users in managing and monetizing their data.
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Monkey Tilt Raises $30M in Series A Funding for Blockchain Gaming
Monkey Tilt secures $30 million in Series A funding led by Pantera Capital to support new features integrating traditional casino games with blockchain and crypto payments.
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Trump Team Considers Creating Historic White House Crypto Role
President-elect Donald Trump is exploring the creation of a dedicated White House position for overseeing cryptocurrency policy, potentially establishing the first-ever crypto-specific role in U.S. history to shape favorable regulatory frameworks.
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Digital Asset Exchange Archax Adds State Street, Fidelity and LGIM to Platform
Archax, the UK-based and FCA-regulated exchange, broker, and custodian for digital assets, said it is adding funds from State Street, Fidelity International, and LGIM to its tokenised real-world asset platform.
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China’s Ex-CBDC Chief Yao Qian Accused of Cryptocurrency Bribery, Faces Prosecution: Report
Yao Qian, former head of China’s digital currency development, faces prosecution for cryptocurrency bribery, having been expelled from the Communist Party for allegedly using virtual currencies to facilitate corrupt dealings and personal financial gain.
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Shiba Inu in Golden Cross Territory – Could SHIB Drop a Zero By End of 2024?
Shiba Inu has dropped by 3% in the past 24 hours, yet its entry onto golden cross territory means it should rebound strongly very soon.
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Is XRP Still A Strong Buy? Ripple Falters As CEO Questions New SEC Chair
The price of XRP has risen by 2% today, yet holders may be disturbed to learn that one of the candidates to become the new SEC Chairman was at the regulator when it first formulated its stance on cryptocurrencies.
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Grayscale to Launch Bitcoin ETF Options Following BlackRock’s Record Debut
Grayscale Investments is set to introduce options trading on its spot Bitcoin ETFs this Wednesday.
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Uniswap V3 Liquidity Pools Are Still Dominated By a Few Large Participants – BIS Study
By analyzing the activity on Uniswap v3, one of the largest decentralized exchanges, researchers have uncovered a stark reality: DeFi, while technically decentralized, is functionally dominated by a small group of sophisticated players.
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