Nishad Singh, the former FTX head of engineering, was sentenced to time served and three years of supervised release. He avoided further prison for his role in the multibillion-dollar fraud at the collapsed cryptocurrency exchange. Singh, sentenced by Judge Lewis A. Kaplan in New York, also faces an $11 billion forfeiture, becoming the fourth ex-FTX…
New court documents reveal that former FTX executive Caroline Ellison is set to be sentenced later this month for her role in the multi-billion-dollar downfall of the crypto exchange in 2022. According to new court filings, Ellison – who once was the girlfriend of jailed FTX co-founder Sam Bankman-Fried and the CEO of FTX’s sister…
Tether once again claims to have earned 10-figure profits from issuing its stablecoin but continues to dodge a third-party audit that might transform these claims into a verifiable reality. On July 31, Tether issued its latest attestation report on the reserve assets allegedly backing up the over $113 billion in circulating USDT tokens as of…