Mango Markets’ exploiter Avraham Eisenberg has been sued by the decentralized finance (DeFi) protocol developer, Mango Labs, according to a Jan. 25 court filing. Mango Labs alleged that Eisenberg executed a $114 million malicious attack on the DeFi protocol on Oct. 11, 2022, and bragged about it on Twitter. The firm wrote that: “[Eisenberg] manipulated…
FTX finally revealed its complete list of creditors on Jan. 25 but withheld the names of nearly 9.6 million users in accordance with a court order. The defunct crypto exchange owes millions of creditors, including U.S. and international government agencies, law firms, banks, media outlets, charitable foundations, marketing agencies and more. The creditor matrix brings…
Ronald Craig Ilg — 56, of Spokane, Washington — has been sentenced to 96 months in federal prison for paying over $60,000 Bitcoin (BTC) to dark web hitmen. Ilg paid the hitmen who attempted to kidnap and assault multiple victims — including his ex-wife — through an online scheme in which he solicited the assistance…
Bitcoin Cash evangelist Roger Ver said on Jan. 25 that he can afford to pay money that he allegedly owes to Genesis, but that he may not need to do so. On Monday, a subsidiary of Genesis summoned Ver over a $20.86 million claim regarding options that he allegedly neglected to settle in late December….
Republican senator Wendy Rogers introduced a bill on Jan. 25 that proposes including Bitcoin (BTC) in the list of currencies accepted as legal tender in Arizona. If passed, Arizona would become the first state in the U.S. to embrace Bitcoin as an official currency. The bill, if approved, will enable Arizona residents to buy and…
Genesis creditors are suing Digital Currency Group (DCG) and its CEO Barry Silbert for alleged violations of federal securities laws, according to a press release on Jan. 23. The class action lawsuit seeks to hold DCG and Silbert liable as “Control Person(s)” in accordance with federal securities laws — DCG being the parent company of Genesis,…
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Two bills related to crypto were introduced to the Massachusetts House of Representatives on Jan. 19. The first related to a new “special commission on blockchain” and the second on “protecting consumers in cryptocurrency exchanges.” Given the recent publicity received through the FTX collapse, it is unsurprising that officials would look to add extra consumer…
The U.S. Securities and Exchange Commission (SEC) has charged Mango Markets attacker Avraham Eisenberg, according to a Jan. 20 press release. The regulator accused Eisenberg of manipulating the MNGO cryptocurrency token. Beginning in October 2022, Eisenberg used multiple accounts to swap perpetual futures and MNGO tokens. After driving up the price of MNGO, Eisenberg purchased…
FTX’s former chief regulatory office Daniel Friedberg submitted an objection to the retention of law firm Sullivan & Cromwell (S&C) in the exchange’s bankruptcy case on Jan. 19. Friedberg also served as FTX.US’ chief compliance officer. Friedberg alleged unethical conduct on the part of FTX US general counsel Ryne Miller. Friedberg alleged that Miller channeled…