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Former FTX executive Nishad Singh receives no prison time in fraud case
Former FTX head of engineering Nishad Singh has avoided prison time in the ongoing legal aftermath of the crypto exchange’s collapse. The sentencing took place on Wednesday in Manhattan, where Judge Lewis Kaplan emphasized Singh’s exceptional cooperation with authorities. Singh receives three years of supervised release Despite facing potential maximum sentences totaling 75 years, Singh […]Cryptopolitan
Oct 31, 2024
Quickly or properly, British Blockchain Association says good crypto regulations will take time
The crypto industry has criticized financial regulators in the United Kingdom (UK) for their slow and stringent application approval process, but a blockchain think tank believes good crypto regulations will take time to shape and implement. Since January 2020, firms carrying out crypto asset activities in the UK must register with The Financial Conduct Authority […]Cryptopolitan
Oct 31, 2024
WazirX concludes the first creditor meet with only 4 out of 10 COC members in attendance
WazirX held its first creditor meeting on October 15 as part of its restructuring efforts after the July hack. Only four out of ten Committee of Creditor (COC) members attended, raising concerns about representation. During the meeting, the company, alongside financial advisors from Kroll, touched upon the restructuring process and plans to address the asset […]Cryptopolitan
Oct 30, 2024
Malicious smart contract causes $2.8M in SUN token losses on Arbitrum
Sunray Finance may have lost the value of its SUN token, after a smart contract exploit on Arbitrum. The total loss after rogue SUN token minting is more than $2.8M, but the attack may mean Sunray DEX never launches.Cryptopolitan
Oct 30, 2024
