The Majilis approve new crypto regulation bill in Kazakhstan

The Majilis have approved the new bill “On Digital Assets of the Republic of Kazakhstan” governing the regulation of crypto assets alongside four other crypto mining regulation bills in Kazakhstan. 1/9New crypto regulations in Kazakhstan. Again. The Majilis approved the bill “On Digital Assets of the Republic of Kazakhstan”, as well as four related bills…

Court approves issuance of subpoenas to 3AC co-founders

Liquidators of Three Arrows Capital (3AC) have received approval to issue a subpoena to co-founders Su Zhu and Kyle Davis. A subpoena is an order issued by the court to have the recipient testify and provide documents needed in a legal proceeding. Since Three Arrows Capital filed for bankruptcy on July 1, Su Zhu and…

Grayscale holds 635K BTC as Coinbase Custody reveals holdings

Following recent uncertainty regarding the future of the Grayscale Bitcoin Trust, its custodian partner Coinbase released a report detailing the assets held on behalf of Grayscale Bitcoin Trust. The letter revealed that holdings are segregated from other funds. However, no on-chain addresses were published in the document. “The digital assets underlying each Grayscale product have their…

Galois Capital admits over 50% of its capital was locked up in FTX

In a discussion between CoinDesk and the Galois Capital co-founder, Kevin Zho, it was explained that a total of an estimated $40 million in funds are locked up in FTX at this time. The crypto hedge fund Galois Capital had earlier this year gained some renown for predicting the Terra crash — whose stablecoin ecosystem…

FTX hacker identity discovered by Kraken Exchange team

Nick Percoco, the CSO of Kraken Exchange, tweeted just an hour ago in response to Mario Nawfal that the Kraken team now knows the identity of the user that hacked FTX. We know the identity of the user. — Nick Percoco (@c7five) November 12, 2022 Founder and CEO of IBCgroup.io, Mario Nawfal tweeted explaining that…

Was FTX hacked? Deep dive reveals “backdoor” built into accounting software

Late on Friday evening, it has since been confirmed that a total of around $10 billion was moved from FTX to Alameda Research by FTX founder Sam Bankman-Fried (SBF). Speculation of a hack steadily appeared after several abnormal wallet transactions were highlighted, indicating that between $1-2 billion in client funds were unaccounted for. When SBF…