Crypto
Legal
Gary Wang faced up to 50 years in prison before plea deal and is still not guaranteed leniency
The FTX co-founder admitted to several instances of criminal activity in the exchange's dealings with Alameda Research and is fully cooperating with prosecutors.
Regulation
Elon Musk calls for overhaul of SEC after agency issues order against him
Musk expressed confidence that regulatory changes were inevitable, 'estimating' a 100% probability of reform.
Wallets
Ledger reduces staff by 12% as controversial Recover feature looms
CEO Pascal Gauthier attributed staff cuts to market conditions but said that the company will push forward with operations and products.
Exchanges
Report finds that Binance only distributed 10% of promised BNB tokens during ICO
A Forbes report found that Binance and its executives may currently control an additional $15.7 billion of BNB.
Wallets
New images of Block’s Bitcoin wallet leak as beta version begins to ship
Photos of the fintech firm's hardware wallet, BitKey, have surfaced as reports indicate that its beta version may ship soon.
AI
Google introduces AI to Android and Google Assistant
Android is getting dynamic screen locks, while Assistant is integrating Bard.
Rumors
JPEX converts user stablecoins to native token without notice: Report
The South China Morning Post reported claims of the Hong Kong exchange replacing USDT with its native token in customer accounts.
Regulation
SEC hits back at Coinbase’s request to dismiss case
The agency said that Coinbase should not be surprised that it is the target of a lawsuit.
Crime
U.S. Department of Justice charges eight Chinese companies using crypto to facilitate fentanyl trade
The U.S. Treasury also sanctioned several participants and their crypto addresses in connection to the charges.
Legal
Prosecutors say plea deal was never considered for Sam Bankman-Fried
Unlike some of his associates, who have pled guilty in exchange for leniency, Bankman-Fried received no such offers.
Legal
Alex Mashinsky’s criminal trial set for September 2024
The government has charged Mashinsky on multiple counts, including wire fraud, securities fraud and more.
Bankruptcy
Celsius lawyer says revival plans include $450M in seed funding
Plans for a relaunch have been underway since at least August.