Former FTX executive Constance Wang has criticized Netflix’s upcoming dramatization of the exchange’s collapse, arguing that its portrayal of Sam Bankman-Fried, Caroline Ellison and working life at the company bears little resemblance to what she witnessed before FTX failed in November 2022.Wang, who served as chief operating officer and later held a senior executive role
Tether temporarily blacklisted four THORChain vault addresses holding approximately $1.45 million in USDT, disrupting part of the cross-chain protocol’s operations before removing the restrictions hours later without a publicly disclosed explanation.THORChain technical co-founder Chad Barraford said the protocol received no advance communication from Tether before the addresses were restricted. The affected vaults held USDT on
Thailand will allow locally listed cryptocurrency ETFs investing initially in Bitcoin and Ether from October 16, opening regulated crypto exposure to retail investors while steering trading toward domestic fund managers, custodians and the Stock Exchange of Thailand.The Securities and Exchange Commission issued 11 notifications governing the new products after consultations conducted between April and September.
New York has permanently barred former Celsius Network CEO Alex Mashinsky from the securities, commodities and cryptocurrency industries under a settlement that could require him to pay the state as much as $35 million.Attorney General Letitia James announced the agreement Friday, resolving a civil case filed in 2023 over allegations that Mashinsky misled investors about
Hardware wallet maker Ledger has asked authorized Southeast Asian reseller CryptoBilis to suspend sales and shipments while it investigates reports of cryptocurrency losses that onchain researchers estimate could exceed $86 million.Ledger advised customers who bought one of its devices from CryptoBilis within the past 90 days not to set it up if they have not
SpaceX shares were up 1.2% in Friday afternoon trading while T-Mobile fell 13.2% and Verizon lost about 10%, as investors repriced the U.S. wireless market following SpaceX’s agreement to acquire nationwide 800 MHz spectrum from Grain Management.AT&T was also sharply lower, with the three incumbent carriers ranking as the biggest percentage decliners in the S&P
U.S. authorities are intensifying their campaign against cryptocurrency networks linked to Iran, but reports suggesting Washington is preparing a new $1 billion digital-asset seizure appear to conflate fresh enforcement activity with a figure disclosed months earlier.Treasury Secretary Scott Bessent said on May 29 that U.S. authorities had already seized approximately $1 billion in Iranian cryptocurrency
Cantor Fitzgerald is facing a Senate inquiry into its financial relationship with Tether, with lawmakers seeking details on the investment bank’s ownership stake, custody revenue, sanctions controls and any financial benefits flowing to Commerce Secretary Howard Lutnick’s family.Senator Richard Blumenthal, the ranking Democrat on the Senate Permanent Subcommittee on Investigations, sent a letter Thursday to
Netflix has released the first trailer for The Altruists, an eight-episode drama about the rise and collapse of FTX that puts former CEO Sam Bankman-Fried and Alameda Research chief Caroline Ellison at the center of one of crypto’s largest fraud cases.The limited series will premiere on November 19, with Anthony Boyle playing Bankman-Fried and Julia
The UK has sanctioned crypto services Cryptomus, Heleket and TokenSpot alongside payment companies tied to Kyrgyzstan, extending its campaign against financial infrastructure suspected of helping Russia move money around Western restrictions.The measures were announced October 8 as part of 38 new Russia-related designations covering financial networks, oil companies, shadow-fleet tankers and suppliers linked to Russia’s