FTX Miniseries Gets Go Ahead, Covering the ‘Most Brazen Frauds ever Committed’
The Russo’s are reported to have said that FTX “is one of the most brazen frauds ever committed” in their reasoning for wanting to create the show. An eight-episode limited series exploring the unraveling and scandals behind sunken crypto exchange FTX and its leadership is slated to soon begin production. The series has been purchased by technology conglomerate Amazon, and will likely air on Amazon’s video streaming service Prime. (Cointelegraph)
CrossTower Wyeing Further Crypto Acquisitions Outside of Voyager Bid
In a Nov. 24 Bloomberg report, CrossTower CEO Kapil Rathi revealed that the company is looking to pick up firms with a “good set of customers” and a “good balance sheet” despite the current bear market, stating: “We’re in a great place to either acquire entities who have a good set of customers with them and a good balance sheet so we are openly looking at different types of companies from an organic growth perspective.” (Cointelegraph)
This Singapore-based Crypto Lender Faces Investigation for Possible Fraud
Crypto lender Hodlnaut has come under the lens of Singapore's investigative agencies over reports of fraud and cheating. The police said that the probe started on Wednesday, November 23, with multiple reports alleging “false representations relating to the company’s exposure to a certain digital token”. Hodlnaut halted withdrawals on its platform earlier this year in August and has received protection from the creditors. (coingape)
US Seizes Domains Used in 'Pig Butchering' Crypto Scam
U.S. authorities have seized seven domains used in “pig butchering” cryptocurrency schemes. “Once the money is sent to the fake investment app, the scammer vanishes, taking all the money with them, often resulting in significant losses for the victim,” the Department of Justice warned. (Bitcoin.com)
Disgraced FTX Founder SBF to Speak At at New York Times DealBook Summit
Sam Bankman-Fried, the disgraced founder of bankrupt crypto exchange FTX will be speaking at the New York Times’ annual DealBook Summit next week, as per the earlier schedule. SBF himself confirmed the same on his Twitter timeline a few hours back. This would be SBF’s first public appearance since crypto exchange FTX sought bankruptcy protection. The bankruptcy proceedings have uncovered a lot of dark details about FTX. This involves the misappropriate use of customer funds, using company funds to buy personal properties, and much more. (coingape)
US Senators Call for Holding FTX Executives Accountable to Fullest Extent of the Law
U.S. Senators Elizabeth Warren (D-Mass.) and Sheldon Whitehouse (D-R.I.) wrote to the U.S. Justice Department on Nov. 23 to call for holding former FTX CEO Sam-Bankman Fried “and any complicit FTX executives” to the fullest extent of the law. The senators added FTX’s collapse was not a result of sloppy business practices but appears to have been caused by intentional and fraudulent tactics employed by SBF and other executives to enrich themselves. (forkast)
Chinese Mafia Forcing Filipinos to Work for Crypto Scams, says Philippine Senator
A dozen Filipinos have been rescued from an alleged Chinese mafia-run cryptocurrency scam in Myanmar, Philippines Senator Risa Hontiveros said in a government plenary session on Monday. Hontiveros said the 12 Filipinos, rescued by a network of nongovernmental groups, were forced by a reported Chinese organized crime gang to contact people online and get them to invest in fraudulent cryptocurrency sites. (forkast)
Wallet Linked to Defunct Crypto Exchange BTC-e Suddenly Activates
A wallet address linked to defunct crypto exchange BTC-e sent its largest transaction since August 2017 on Wednesday, sending a total of 10,000 BTC (US$167 million) to two unknown wallets, according to blockchain analytics firm Crystal Blockchain after being noticed by crypto sleuth Sergey Mendeleev. (forkast)
Consensys Updated its Privacy Policy
Consensys, the company that owns MetaMask, just updated its Privacy Policy to state that they are collecting users' IP addresses and ETH ADDRESS when users send a transaction. When users use Infura as their default RPC provider in MetaMask, Infura will collect their IP address and their Ethereum wallet address when they send a transaction.
dForce Trade Integrates Celer Inter-chain Messaging to Expand Cross-chain DEX
dForce’s core developers and Celer’s team reached a strategic partnership to integrate Celer’s Inter-Chain Messaging (Celer IM) framework into dForce Trade to facilitate cross-chain swaps across Ethereum, Arbitrum, Optimism and BNB Chain. This is built in addition to the previous Celer cBridge integration and is applied to all assets Celer cBridge currently supports.
