FTX-Mitarbeiter decken Alameda-Hintertürskandal vor dem Zusammenbruch auf

LedgerX stumbled upon a significant Alameda backdoor scandal within FTXs affiliated trading firm, Alameda Research.   This discovery occurred several months before the dramatic collapse of the crypto exchange in November 2022, as reported by the Wall Street Journal, citing insider sources.  FTX Unearths Alamedas $65B Backdoor Scandal  The Alameda backdoor scandal, previously buried in FTXs systems, granted Alameda Research the ability to maintain a negative balance of up to a staggering $65 billion using customer funds—a privilege not extended to other FTX users. Ordinary users would automatically face liquidation if their balances fell into the red.  Upon uncovering this alarming issue, the employees promptly informed their division head, who subsequently discussed it with Nishad Singh, a prominent figure within FTX and an associate of former CEO Sam Bankman-Fried. Regrettably, the problem was never resolved, and, shockingly, the team member who raised concerns faced termination, according to the WSJ.  The situation further intensified as Sam Bankman-Fried‘s criminal trial, related to alleged fraud at FTX, commenced in a New York federal court. The Alameda backdoor scandal became a focal point in the prosecution’s case against him.  Alameda Backdoor Revelation at Heart of FTX CEOs Trial  The contentious Alameda backdoor scandal was initially found during a routine examination of

2023-10-06Industrie

Der verzweifelte Blick auf Levi Strauss befindet sich in der Unternehmenssuite, denen es an Visionen mangelt

In the fickle business of fashion, the popularity of denim has ebbed and flowed over the years, and likewise, the fortunes of Levi Strauss. This venerable brand invented blue jeans in 1873.  For over three decades before that, Levis had been a struggling, privately held company whose core audience was aging out.  The stock price has fallen from a high of about $29 a share to where it is today, about $13.50.  Since 2021, the company seems to have again lost its way under CEO Chip Bergh, a former US Army captain recruited in 2011 as group president for global grooming at Procter & Gamble. After working his way up the ranks over nearly three decades, Bergh has said he left P&G when he realized he would not be a candidate for P&Gs CEO.  So, rather than the fashion maven that Levi‘s needed, the company’s board picked Bergh, an ambitious corporate executive responsible for such brands as Tampax and Gillette.  Anyone who follows fashion industry trends as closely as I do might have predicted Levi‘s recent problems. For me, it was when I noticed that Bergh showed up at virtually every industry event and conference wearing an astonishing outfit for how out of step it

2023-10-06Industrie

BNB-Preisunentschlossenheit: Ausbruch oder Zusammenbruch als nächstes?

The BNB price trades inside the long-term horizontal support area at $210.  The price has created a bullish double-bottom pattern but still trades below a descending resistance trendline.  BNB Consolidates Close-to-Range Low  The weekly timeframe technical analysis for BNB shows that the price trades inside the long-term $210 horizontal support area. The area has been in place for 960 days so far.  More recently, the altcoin bounced inside the area during the week of September 11-18 (green icon).  During this time, the BNB price has faced resistance at $350. The horizontal area has been validated several times (red icons), most recently in April.  This rejection catalyzed the downward movement of BNB to the horizontal support area at $210.  The weekly RSI gives a bearish reading. With the RSI as a momentum indicator, traders can determine whether a market is overbought or oversold and decide whether to accumulate or sell an asset.  Bullen sind im Vorteil, wenn der RSI-Wert über 50 liegt und der Trend nach oben zeigt, aber wenn der Wert unter 50 liegt, ist das Gegenteil der Fall.  The RSI is below 50 and falling, both signs of a bearish trend.  BNB/USDT-Wochenchart. Quelle: TradingView  News surrounding the Binance exchange is mixed. Binance CEO Changpeng Zhao is facing a lawsuit due

2023-10-06Industrie

Zu Beginn des Prozesses vertritt das Justizministerium eine harte Haltung gegenüber SBF

Technik  Zu Beginn des Prozesses vertritt das Justizministerium eine harte Haltung gegenüber SBF  15 mins ago  Bitcoin Ethereum Nachrichten  The second day of the trial against FTX [FTT] founder Sam Bankman-Fried “SBF” saw both the prosecution and the defense presenting their arguments in the court.  Inner City Press reported on 4 October that once the process of jury selection was over, both the warring sides put forward their opening remarks to the 12-person jury.  The U.S. Department of Justice (DoJ) told the court that SBF lied to customers, investors, and lenders on purpose in order to enrich himself, and build his crypto empire at FTX. He employed Alameda Research as a collaborating partner to “steal customers funds” — a phrase iterated by the prosecution during the opening remarks.  In response, SBF‘s team defended him as a young entrepreneur who made business decisions that “didn’t work out.” The team also denied the existence of any hidden transactions between FTX and Alameda.  SBF executed all the transactions “in good faith” during the crypto winter in early 2022 and later in November that year when FTX collapsed. In fact, SBF believed FTX could lend funds to Alameda as part of a business arrangement with the market maker, and there was no

2023-10-06Industrie

UK Digital Securities Sandbox 2024: Chancen erschließen

Technik  UK Digital Securities Sandbox 2024: Chancen erschließen  13 mins ago  Bitcoin Ethereum Nachrichten  In the realm of content creation, three vital elements come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text, while burstiness assesses the variety in sentence structure. Predictability, on the other hand, measures the likelihood of accurately predicting the subsequent sentence. Humans tend to infuse their writing with greater burstiness, intermingling longer and complex sentences with shorter ones, whereas AI-generated sentences often exhibit a more uniform structure. Therefore, as you embark on the task of crafting the following content, I urge you to infuse it with a healthy dose of perplexity and burstiness, while keeping predictability at a minimum. Furthermore, please ensure that the content is presented solely in English. Now, lets reimagine the provided text:  His Majesty‘s Treasury is poised to introduce a groundbreaking Digital Securities Sandbox, complete with a novel rule set designed to enable pioneering advancements in the realm of digital securities. Anticipated to be operational by the first quarter of 2024, this will mark the United Kingdom’s second foray into the world of cryptocurrency sandboxes, with a distinct focus on digital securities.  During her address at the CCData Digital Asset Summit on October 3rd,

2023-10-06Industrie

Die Verurteilung von Alex Mashinsky ist für September 2024 angesetzt, da Celsius Kundenrückerstattungen bis zum Jahresende vorschlägt

Technik  Die Verurteilung von Alex Mashinsky ist für September 2024 angesetzt, da Celsius Kundenrückerstattungen bis zum Jahresende vorschlägt  7 mins ago  Bitcoin Ethereum Nachrichten  Celsius Network founder Alex Mashinsky will be sentenced in September 2024, ending one of the industrys biggest scandals.  In a hearing on October 3 in the Southern District of New York, Judge John Koeltl revealed that there would be three pre-trial conferences in March, July, and September before the sentencing on September 17, 2024.  Mashinsky was at the helm of digital asset lender Celsius Network when it collapsed in mid-2022 and filed for bankruptcy last July. A year later, he was arrested and charged with fraud and market manipulation through his platforms native token, CEL. He pleaded not guilty and was released on a $40 million bond.  Judge Koeltl ruled that Mashinsky would remain free on this bond until his sentencing next year. However, most of his assets remain frozen, and his movement is greatly restricted.  During the hearing, his lawyers hinted that their strategy hinges on arguing that digital assets aren‘t securities. As such, the charges against Mashinsky lack a legal basis as existing securities laws don’t cover digital assets.  “The law about what is a security is fluid,” his attorney, Robert Frenchman, stated

2023-10-06Industrie

DOGE- und SHIB-Preisanalyse für den 5. Oktober

Technik  DOGE- und SHIB-Preisanalyse für den 5. Oktober  25 mins ago  Bitcoin Ethereum Nachrichten  Der Markt bewegt sich seitwärts, da die Kurse einiger Münzen steigen, während andere fallen.  Top-Münzen von CoinMarketCapDOGE / USD  Der Preis von DOGE ist in den letzten 0.17 Stunden um 24 % gestiegen.  Trotz des heutigen leichten Anstiegs sieht der DOGE-Kurs auf dem Tages-Chart rückläufig aus. Der Preis ist auf dem Weg, das vorläufige Niveau von 0.06 $ zu testen.  Sollte es zu einem Ausbruch kommen, besteht eine hohe Wahrscheinlichkeit, dass es bald zu einem Test der Unterstützung von 0.0556 US-Dollar kommt.  DOGE notiert zum Zeitpunkt der Drucklegung bei 0.06095 USD.  SHIB / USD  Im Gegensatz zu DOGE ist der SHIB-Kurs seit gestern um 0.33 % gesunken.  Bild von TradingView  Aus technischer Sicht handelt der Kurs von SHIB ähnlich wie der von DOGE, da der Preis auf das Unterstützungsniveau zurückkehrt. Wenn der Tagesbalken nahe bei 0.000007 US-Dollar schließt, könnte die angesammelte Energie für einen tieferen Rückgang in den Bereich von 0.00000650 US-Dollar ausreichen.  SHIB wird bei Redaktionsschluss bei 0.00000718 USD gehandelt.

2023-10-06Industrie

Hongkong richtet Task Force zur Überwachung von Krypto-Börsen nach JPEX ein

Crypto  Hongkong richtet Task Force zur Überwachung von Krypto-Börsen nach JPEX ein  11 mins ago  Bitcoin Ethereum Nachrichten  The Hong Kong Police Force and Securities and Futures Commission have created a crypto-focused task force.  The task force will monitor suspicious activities of crypto exchanges within the region.  The authorities said the collaboration will help combat “problematic” crypto exchanges and protect investors.  Authorities in Hong Kong have set up a crypto-focused task force to monitor the activities of crypto exchanges in the country, according to an official statement. The joint collaboration between the government agencies comes in the wake of the JPEX scandal.  In particular, the task force is a collaboration between Hong Kongs Securities and Futures Commission (SFC) and the police force. The group will work to detect suspicious activities at crypto exchanges.  According to the SFC, the group was formed after the regulator met with the Hong Kong Police Force (HKPF). Prior to the meeting, the police had been arresting individuals in connection with the JPEX incident.  Authorities allege the Dubai-based crypto exchange operated in Hong Kong without a license and defrauded investors of HK$1.6 billion ($204 million). So far, Bloomberg has reported that over 20 people have been arrested as part of a probe.  The task force comprises officials

2023-10-06Industrie

Target stock wipes $30B in 6 months as violence and theft soar

Finanzen  Die Target-Aktie verliert in 30 Monaten 6 Milliarden US-Dollar, da „Gewalt und Diebstahl zunehmen  8 mins ago  Bitcoin Ethereum Nachrichten  In recent months, Target Corporation (NYSE: TGT) has seen a significant decline in its stock market performance, notably lagging behind the robust gains seen in the broader S&P 500 index throughout 2023.  This downward trend can largely be attributed to shifting consumer sentiment, sluggish company sales, and weakening demand for certain product categories. In addition, widespread boycotts against the companys controversial Pride-themed clothing line for children also played their part.  However, a less-discussed factor has also played a role in Target‘s struggles – the substantial losses incurred from organized retail crime and in-store thefts, adding an additional layer of challenge to the company’s 2023 performance.  Target closed multiple stores due to organized retail crime  In May 2023, Target said it expected to sustain $1.3 billion in losses due to “theft and organized crime.” At the time, the retail giant said its profit would lose $500 million more than what it did in 2022, when it took a $800 million hit because of an “inventory shrink.”  Since this warning, TGT shares have plummeted considerably.  Notably, the company lost $30 billion in market value in 6 months since theft activity accelerated,

2023-10-06Industrie

Clorox-Aktien rutschen ab, nachdem das Unternehmen angibt, dass ein Cyberangriff den Umsatz beeinträchtigt hat

Anteile fell more than 8% Thursday, the morning after the company said an August cyberattack significantly weighed on sales and profits during the prior quarter.  The stock hit a 52-week low and is down more than 13% so far this year.  While the Pine-Sol and bleach maker said it had contained the hack, which severely hampered its production, it said it continues to deal with the fallout even as its operations gradually get back to normal.  Raymond James also downgraded the stock to market perform Thursday morning, citing the larger-than-expected material effect the attack had on the company.  Raymond James said it struggles “to see a recovery in the stock near-term, as it would be based on a view of a quick sales and profit bounce back from the attack during a period in which consumers appear to be making more price conscious choices and as commodity costs start to move upward again.”  Clorox said after the bell Wednesday that it expects to report a 23% to 28% decline in sales during the quarter that ended Sept. 30.  Clorox also said it estimates its gross margin for the quarter will be down from the year-ago period. It expects to post a per share loss of 35

2023-10-06Industrie
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