FTX reveals creditors; U.S. man spends BTC on hitmen

The biggest news in the cryptoverse on January 26th was that defunct cryptocurrency exchange FTX revealed its full list of creditors. Elsewhere, a Washington man has been sentenced to prison for hiring hitmen with Bitcoin. Additionally, Coinbase has been fined her $3.6 million by Dutch regulators, her US Senator Elizabeth Warren has called on her SEC to fight cryptocurrency fraud, and Moody’s has launched a stablecoin scoring system. is developing. Plus research on the use of Ethereum gas.

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FTX creditors include Google, Meta, Circle, Genesis, govt.

FTX finally revealed its full list of creditors on January 25, but withheld the names of approximately 9.6 million users as per a court order.

Decommissioned cryptocurrency exchanges owe millions of creditors, including US and international government agencies, law firms, banks, media outlets, charities, marketing agencies, and more.

The creditor matrix highlights the impact of the FTX collapse extending far beyond the cryptocurrency ecosystem. Global financial and technology companies such as Ant Group, Google, Amazon, Meta, Netflix, LinkedIn and Apple are included in the list of FTX creditors.

Dark web hitman paid $60,000 BTC to kidnap estranged wife

Ronald Craig Ilg, 56, of Spokane, Washington, was sentenced to 96 months in federal prison for paying over $60,000 in Bitcoin (BTC) to dark web hitmen.

Irg paid A hitman who attempted to kidnap and assault multiple victims, including his ex-wife, through an online scheme in which he enlisted the help of known hitmen.

Court records show that since early 2021, Ilg, who worked as a neonatal doctor, has sent dozens of messages under the alias “Scar215” and sent over $60,000 in BTC to make his nefarious It turned out that he was running a conspiracy.

Coinbase fined $3.6 million for operating without registration in the Netherlands

Leading cryptocurrency exchange Coinbase faces a $3.6 million fine for operating in the Netherlands without legal registration with De Nederlandsche Bank (DNB).

Dutch regulator Said On January 26th, Coinbase’s operations in the Netherlands were illegal until September 22nd, 2022. The exchange failed to register with the DNB under the Dutch Anti-Money Laundering and Anti-Terrorist Financing Act.

As a result, Coinbase may have failed to report unusual transactions on its platform to its financial intelligence department.

Elizabeth Warren Urges Tighter Regulation, Says Crypto Fraud Solution Starts With SEC

US Senator Elizabeth Warren has urged banking and environmental regulators to join forces with the Securities and Exchange Commission (SEC) to fight cryptocurrency fraud. speech January 25th.

Warren said the crypto industry has seen giants such as Celsius and FTX collapse under the weight of “fraud, deception and gross mismanagement” over the past 12 months, citing “honest investments” as the victims. created an urgency to protect the home.

Moody’s Eyes Stablecoin Scoring System

Aggregate Risk Assessment Firm Moody’s Begins Considering How To Check The Risk And Health Of Stablecoins, Bloomberg News report January 26th.

The need to value stablecoins arises amid renewed pressure from governments and regulators around the world.

Moody’s scoring system will analyze up to 20 stablecoins based on the quality of their reserve proofs, the news outlet reported, citing sources familiar with the company’s plans.

SBF Family, Associates Refuse to Cooperate in FTX Bankruptcy Case as Arrest Details Reveal

Employees and family members of Sam Bankman-Fried have refused to cooperate with FTX in its bankruptcy proceedings, according to court filings dated 20th. January 25th.

After its bankruptcy last November, former major cryptocurrency exchange FTX has entered bankruptcy proceedings in the United States Bankruptcy Court for the District of Delaware.

As part of these proceedings, the company is seeking relevant information from former founder and CEO Sam Bankman-Fried and others close to him.

While certain individuals are “currently cooperating” to provide “material information,” others are not, according to the filing. As such, FTX and its creditors committee aim to subpoena these individuals and coerce them to provide documents and information.

research highlights

Study: NFTs accounted for 28% of ETH gas usage in January

crypto slate Analysts looked at gas usage for different transaction categories on the Ethereum (ETH) network. They found that the NFT category accounted for 28% in the first month of the year.

This analysis classifies all transactions on the ETH network into eight categories, including Vanilla, ERC20, Stablecoins, DeFi, Bridges, NFTs, and MEV bots.

Defi, ERC20, and stablecoins accounted for the largest share and gas usage in the 2nd, 3rd, and 4th categories, with Defi and ERC20 at 8% and stablecoins at 6%. .

crypto market

Bitcoin (BTC) has fallen over the last 24 hours -0.03% Ethereum (ETH) Trades At $23,019.19 While Rising 0.8% $1,602.76.

Biggest Gainers (24 hours)

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