FTX’s bankruptcy law firm, Sullivan and Cromwell LLP, is in the spotlight amid allegations of potential conflicts of interest and bad ethics.S&C used “deceptive tactics” to gain control of FTX from former CEO Sam Bankman-Fried, Temple University law professor Jonathan Lipson and University of Pennsylvania law professor David Skeel said. ) said. paper It was published last week under the title “FTX’d: The Conflict of Public and Private Interests in Chapter 11.”“This article shows that he, too, was ‘FTX’ed by giving up control of his company at the request of his lawyers, who appeared to be motivated by his own…
Author: Crypto Flexs
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DigiByte blockchain shared insights on how it is fully aligned with the cybersecurity framework set by NIST. NIST, short for National Institute of Standards and Technology, primarily emphasizes strengthening protection for information and information systems. The goal is to have security guards in place to prevent unauthorized use, access and disclosure of the above elements. We also ensure that your information is not destroyed or modified without permission. In other words, NIST serves to improve integrity, confidentiality, and data availability. DigiByte blockchain emerges as an ideal platform that claims to meet all the necessary criteria. First of all, blockchain technology…
join us telegram A channel to stay up to date on breaking news coverage Book of Meme prices were down 5% at 0.0119 as of 4:16 a.m. ET, as trading volume fell nearly 40%. This comes as investors turn their attention to meme coins with stronger fundamentals, with Floki (FLOKI), Dogecoin (DOGE), and Pepe (PEPE) leading the sector rally with gains of 35%, 16%, and 14%, respectively. no see. meme price outlook book Book of Meme While prices are slumping, BOME bulls appear to be pushing with a bullish RSI (Relative Strength Index). On lower time frames, Book of Meme…
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Bitcoin miners face two additional difficulty adjustments before the network’s fast-approaching halving event, which has fewer than 4,300 blocks left. Data shows that the total hashrate has recovered from a slight decline, suggesting that miners may see a reduction in difficulty at the next adjustment, scheduled for on or around March 28, 2024. (…)
Forcefi Enhances Ecosystem Inclusivity through L2 Partnership, Now Launching on Mainnet – Chainwire housenewsroomForcefi Increases Ecosystem Inclusivity through L2 Partnership, Now Launching on Mainnet We use cookies to make your experience on Chainwire’s website better. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service expressly requested by the subscriber or user or for the sole purpose of carrying out the transmission of communications over an electronic communications network. Technical storage or…
Mr. Han was repatriated to Korea last February, and Mr. Kwon was expected to follow. His Montenegrin lawyer, Goran Roddik, told CoinDesk that Kwon will likely be extradited to South Korea after March 23. However, Kwon’s final destination and schedule are unclear.
Posted 1 minute ago In ~ Decentralized stablecoin project Frax Frax +0.27% The Treasury Department has moved to restore protocol fee conversion through a new proposal. “We propose to turn the protocol fee switch back on, sending 50% of profits to veFXS and the remaining 50% for purchases. FXS +1.00% Other Frax assets to be paired on the FXS Liquidity Engine (FLE),” Frax Finance wrote in its proposal. thursday. “FLE will allow Frax to continue building its balance sheet while dramatically increasing the liquidity of FXS and the combined Frax assets.”The proposal also details how the new tokenomics system will…
Lawyers for Irinia Dilkinska, OneCoin’s former “head of legal and compliance,” requested that she be sentenced to prison for her alleged involvement in the OneCoin scheme. In papers filed March 20 in the U.S. District Court for the Southern District of New York, John Buza argued for leniency for Dilkinska. Dilkinska pleaded guilty in November 2023 to conspiracy to commit wire fraud and money laundering.Background: OneCoin plan and Dilkinska’s roleDilkinska admitted money laundering at OneCoin under co-founders Karl Sebastian Greenwood and Ruja Ignatova, known as ‘Cryptoqueen’. OneCoin, founded in 2014, was revealed in 2015 to be a fraudulent cryptocurrency scheme…
The newly launched altcoin Super Sushi Samurai (SSS) suffered a serious security breach. In the latest update, the market value of SSS fell to $0.000000000002239, a massive decline of 99%. Likewise, 24-hour trading volume plummeted to $9,570.9. Altcoin Super Sushi Samurai (SSS) Exploitation The breach was first detected and announced by Certik, a leading security company specializing in blockchain technology. According to Certik, the Super Sushi Samurai token suffered a serious mishap on the Blast platform. This resulted in a significant loss of approximately $4.6 million. Despite the troubling nature of the breach, Certik made it clear that the incident…