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SBF trial day 3: ex-FTX CEO committed fraud, co-founder Gary Wang testifies

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Adam Yedidia, Sam Bankman-Fried’s MIT buddy and former FTX developer, resumed his immunity-protected testimony on Oct. 5, sharing first-hand accounts of his tenure at the crypto exchange where he lived in a $35 million condo allegedly purchased with commingled customer cash. Department of Justice (DoJ) prosecutors filed a forfeiture notice for two FTX-owned private planes on day 2 of Sam Bankman-Fried’s trial. The DoJ plans to clawback a Bombardier Global 5000 and an Embraer Legacy EMB private jet, per InnerCityPress. US v. SBF WITNESSES 1& 2: In Bankman-Fried Trial, Adam Yedidia Testifies With Immunity About Condo in Bahamas After French DOGE-Trading Victim- story: https://t.co/sSJOUfHO7I – and now, a forfeiture notice for Bombardier Global 5000 & Embraer Legacy EMB Aircraft pic.twitter.com/p6mmcRFXib — Inner City Press (@innercitypress) October 5, 2023 Day 3 of United States v Sam Bankman-Fried (SBF) continued with witness testimony from Adam Yedidia, a frien...

Bitcoin logo imperfection found on original artwork after 12 years

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While Bitcoiners preach the “zoom out” narrative during crypto bear markets, zooming in on the original Bitcoin logo shows a small orange line from the background going into the white colored “₿.” While Satoshi Nakamoto is credited as the anonymous creator of Bitcoin (BTC), what often goes unnoticed are the selfless contributions of the Community members — miners, developers, designers, hodlers and investors — that help materialize the original vision. However, one such significant contribution was found to carry an imperfection for over 12 years , invisible to the naked eye. On Nov. 12, 2010, bitcointalk.org member bitboy (not related to YouTuber BitBoy Crypto) posted the vector files of the iconic Bitcoin logo, which has been widely accepted worldwide. While Bitcoiners preach the “zoom out” narrative during crypto bear markets, zooming in on the original Bitcoin logo shows a small orange line from the background going into the white colored “₿.” A small design detail that has st...

FTX founder Sam Bankman-Fried is reportedly under investigation for market manipulation

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Join Our Telegram channel to stay up to date on breaking news coverage According to two people with knowledge of the situation, federal prosecutors are looking into whether Sam Bankman-Fried, the founder of FTX, manipulated the market for two cryptocurrencies this past spring, causing their demise and setting off a chain reaction that ultimately led to the collapse of his own cryptocurrency exchange last month. The possibility that Bankman-Fried manipulated the prices of two interconnected currencies, TerraUSD and Luna, to benefit the entities he controlled, such as FTX and Alameda Research, a hedge fund he co-founded and owned, is being looked into by US prosecutors in Manhattan, the people said. The investigation is still in its early stages, so it’s unclear if prosecutors have found evidence of Bankman-Fried’s wrongdoing or when they first started looking into the TerraUSD and Luna trades. The case is a component of a larger investigation into the fall of Bank...

Crypto Stories: John McAfee tells the story of how he first found out about Bitcoin

British-American businessman John McAfee talks about his crypto story and how he discovered BTC. From the Cointelegraph archives, John McAfee tells his crypto story and takes a look back at his very fascinating life. Early in his life, the computer programmer landed a job at the United States National Aeronautics and Space Administration, also known as NASA, and worked on the world’s first weather satellite. There, he learned about computer security and people’s concerns over unauthorized actors gaining access to private data. McAfee also shared that he made all his money not from the popular “McAfee” antivirus software but from other projects. He explained: “People know me from McAfee, but no, that was not my greatest success. That was some trivial thing. It was my future things, which I did not attach my name to, that taught me and made me all of my money.” In 2011, McAfee’s friends pressured him into reading the Bitcoin (BTC) white paper published by its pseudonymous creator Satosh...