Arthur Hayes says the speed at which projects like Terra grow and implode is a feature of the crypto industry, not a bug. He founded crypto exchange Bitmex in 2014 and then became the original crypto bad boy. In 2021 the DOJ charged him in with violating the U.S. Bank Secrecy Act for not implementing an anti-money laundering program at Bitmex. He plead guilty and was sentenced to two years probation and six months of home detention. In fact, he was still sporting an ankle bracelet on a recent cover of New York Magazine. Now he’s living in Singapore, offering up his views on the crypto industry with long form, meme-filled essays, and still thinks the crypto industry will save investors from what he calls a broken banking system. “I don’t care if you’re capitalist or you’re a communist. Everybody put on a lot of debt. We’ve passed the point where that debt is becoming useful,” he said. “And therefore everyone is going to take an L unless they get some crypto or some gold—some hard asset that’s outside of the traditional banking system.”…
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The exchange is also in talks with Abu Dhabi Global Market regulators about opening a regulated exchange there….
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The lawsuit also names six tokens as securities, including Algorand….
Continue reading on https://decrypt.co/136973/sec-charges-bittrex-former-ceo-operating-unregistered-securities-exchange
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Shaq has finally been served after allegedly “running” from legal complaints over his promotion of the fallen crypto exchange FTX….
Continue reading on https://decrypt.co/136940/shaq-finally-served-ftx-lawsuit-after-months-running-say-lawyers
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Singapore-based crypto exchange Bitrue has been hit by a security breach, draining a hot wallet of $23 million in various assets….
Continue reading on https://decrypt.co/136751/hacker-robs-bitrue-23m-ethereum-shib-assets
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The token’s price doubled yesterday, yet its recent gains have now been partially pared back….
Continue reading on https://decrypt.co/126277/ftx-token-slides-holder-hopes-exchange-reopening
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FTX “kept virtually all crypto assets in hot wallets," CEO John Ray III, who’s overseeing the company’s restructuring, wrote in a report….
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South Korean cryptocurrency exchange GDAC has reported it lost nearly a quarter of its assets due to a hacking attack….
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The decentralized exchange says it’s “all hands on deck” and that some of the funds have been recovered….
Continue reading on https://decrypt.co/125799/sushiswap-smart-contract-bug-exploited-in-3-3-million-theft
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One wants to resume operation of the marketplace, the other is directing users to an alternative service….
Continue reading on https://decrypt.co/125527/founders-fight-paxful-bitcoin-exchange-future-bitcoin
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