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Insider trading lawsuit filed against Coinbase executives and board members

0xMain
May 2, 2023

board, Coinbase, executives, filed, Hacking, insider, lawsuit, members, trading

A lawsuit filed in a state court in Delaware alleges that Coinbase’s top executives enriched themselves by $1.09 billion by not disclosing negative information about the company before listing its shares in April 2021. Defendants in the lawsuit include CEO Brian Armstrong and...

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FTX had a 6.8b hole when it filed for bankruptcy

0xMain
March 18, 2023

6.8b, bankruptcy, filed, FTX, Hacking, hole

FTX, the defunct crypto exchange, had a $6.8b hole in its balance sheet when it declared bankruptcy last year. According to the group’s advisors, FTX’s debt includes a $10.6b deficit for the main FTX.com business and an $87m short for FTX.U.S. Alameda Research,...