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The latest FTX-related sentencing saw Caroline Ellison, the former co-CEO of Alameda Research, handed two years behind bars for her role in the exchange’s spectacular collapse. Ellison is expected to be in prison by November 7. Ellison’s sentence was so lenient thanks to her lending the investigation her full cooperation. Indeed, the judge presiding over the case noted that he hadn’t seen a cooperator “quite like Ms. Ellison.” However, he also made it clear that due to the severity of the case, remorse and cooperation aren’t a complete “get out of jail free card.”  She had pleaded guilty to seven counts of fraud and conspiracy and became the third individual involved in FTX’s crimes to be jailed.  Here’s a chart of every indicted FTX and Alameda official sentenced, or waiting to be sentenced.  Caroline Ellison sentenced to two years for FTX-Alameda fraud Read more: Which FTX and Alameda executives are going to prison and when? Collectively, Sam Bankman-Fried, Ryan ...

While Kronos Research is indefinitely halting trading services until internal investigations track down the culprit who stole over 12,800 ETH, the firm said that potential losses are not a significant portion of its equity. A hacker walked away with $25 million from quantitative trading firm Kronos Research after accessing its compromised API keys. On Nov. 19, Kronos Research revealed that an unauthorized entity accessed some of its API keys. Subsequently, the firm stopped its trading services on the platform. However, no losses were reported at the time. In the interest of transparency Around 4 hours ago, we experienced unauthorized access of some of our API keys. We paused all trading while we conduct an investigation . Potential losses are not a significant portion of our equity and we aim to resume trading as soon as possible. — Kronos Research (@ResearchKronos) November 18, 2023 Blockchain investigator ZachXBT followed up on the announcement and found roughly $25 mill...

The legal team representing Do Kwon, the former CEO of Terraform Labs, has firmly declared that the United States Securities and Exchange Commission’s (SEC) demands for his deposition are impractical and unfeasible. In a recent court filing, Kwon’s legal representatives vehemently opposed the SEC ’s request to prevent them from submitting requests on Kwon’s behalf, stating, “The motion should be denied because it would be impossible for Mr. Kwon to appear for such a deposition.” The filing further asserts that Kwon has never opposed the SEC’s opportunity to depose him. Kwon’s lawyers claim that he has already provided extensive testimony to the SEC, amounting to “approximately 21 hours” throughout a two-year investigation. In compliance with an SEC subpoena, Kwon allegedly dedicated two full five-hour days to testify under oath. Additionally, he claimed to have spent five hours testifying before Singapore authorities and par...