Another former member of Sam Bankman-Fried’s inner circle is planning to plead guilty to US criminal charges over his role in an alleged multiyear fraud at collapsed crypto exchange FTX.
The global cryptocurrency market lost at least $670 million in the April-June quarter (Q2), and 97 per cent of the losses were due to hacks and scams, a report said on Thursday.
It was one of the most dramatic weeks in the short history of the cryptocurrency market, bookended by the type of announcements investors fear the most from a counterparty: Wer'e sorry, but we just cant return your money right now.