Ex-FTX Engineer Charged with Fraud: SEC Seeks $6M in Returns

• Nishad Singh, ex-Co-Lead Engineer of FTX Trading Ltd., has been charged by the SEC for his role in a multi-year scheme to defraud equity investors in FTX. • Singh developed a software code that facilitated the transfer of FTX customer funds to Alameda Research, a crypto hedge fund co-owned by Samuel Bankman-Fried and Gary […]

Illinois Lawmaker Floats Bill to Reverse Blockchain Transactions

• Illinois Sen. Robert Peters has introduced the Digital Property Protection Act, which aims to mandate blockchain projects in the state to reverse executed on-chain transactions when ordered by a court. • The bill would impose civil penalties of between $5,000 and $10,000 per day for noncompliance with court orders to roll back disputed transactions. […]

Binance Ends Wallet Services for WazirX After Dispute

• Binance has stopped its wallet services for the Indian cryptocurrency platform WazirX following a public argument over ownership. • Binance gave Zanmai Labs an ultimatum to withdraw their false statements or end the partnership, and since no satisfactory reply was received, they have discontinued their association. • The proof of reserves report showed that […]

Justin Sun Moves $281 Million of Tokens in On-Chain Activity

• Justin Sun, co-founder of Ethereum and Tron, has recently moved over $281 million worth of tokens since Jan. 16. • The transactions include a swap on decentralized exchange 1inch Network, several interactions with DeFi protocol Aave, Binance, and Compound, and to a null address. • The most notable transfers are three transactions sent to […]