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Phishing Attack on Cloud Provider Led to $15M Crypto Theft From Fortress Trust
Fortress Trust pointed to an unnamed third-party vendor for a $15 million theft of customers’ cryptocurrency last week. CoinDesk has identified that vendor as Retool, a San Francisco-based company with Fortune 500 customers. CoinDesk's global policy and regulation managing editor Nikhilesh De breaks down the phishing attack developments and how other crypto companies reacted to the incident.
Google Cloud Exec on Future of Web3: We're 'Committed to the Space'
Google Cloud and OnFinality are collaborating with the aim to help Web3 developers build and scale decentralized applications on the Polkadot network. Google Cloud global head of Web3 strategy James Tromans discusses the announcement, along with insights into Google's future Web3 ambitions.
SEC 'Laying Out Some Rules' as Regulator Fines Stoner Cats Creator: Lawyer
The creator of the animated web series "Stoner Cats," which stars Mila Kunis and Ashton Kutcher, agreed to pay the SEC a $1 million civil fine to settle charges that the project illegally offered NFTs as unregistered securities. Leichtman Law PLLC managing partner David Leichtman discusses the case and how it might shape future crypto regulation. The SEC is "trying to lay down the rules of the road" Leichtman said.
FTX Founder Sam Bankman-Fried's Bid for Release From Jail Denied by Judge
FTX founder Sam Bankman-Fried will have to continue preparing his defense from behind bars, after a U.S. federal judge refused his motion for a temporary release. CoinDesk's global policy and regulation managing editor Nikhilesh De breaks down Judge Lewis Kaplan's memo and what this means for Bankman-Fried's upcoming trial in October.
'Number Go Up' Author Says He Was 'Surprised' Like Everyone Else Over FTX Fallout
Zeke Faux, author of "Number Go Up," which is a new book documenting crypto's wild ride, recounts his conversations with FTX founder Sam Bankman-Fried before the exchange filed for bankruptcy. "I was taken by this story just like everyone else," Faux said. "It was a big surprise to me too."
'Number Go Up' Author on Crypto's Wild Ride: It's the 'Greatest Financial Mania in the History of the World'
"Number Go Up" author Zeke Faux discusses the key highlights of his new book that documents crypto's wild ride, including his conversations with FTX founder Sam Bankman-Fried before the exchange filed for bankruptcy.
Bitcoin Price Hovers Around $26K as U.S. Inflation Is 'Not Going Anywhere Fast': Trader
Bitcoin (BTC)'s price remains little-changed at around $26,000 as new inflation data is released. On a year-over-year basis, the Consumer Price Index (CPI) rose to 3.7% versus forecasts for 3.6% and from 3.2% a month earlier. "The Crypto Trader" author Glen Goodman discusses his crypto markets analysis.
Metamask Co-Founder on Snaps Launch: It's 'Basically a Plug-In System for the Wallet'
Ethereum developer Consensys announced a new feature called "MetaMask Snaps," allowing users to choose from a variety of app-like or add-on customizations for their browser extension. MetaMask co-founder Dan Finlay discusses the Snaps rollout and why it's the first step towards building a permissionless ecosystem.
Sam Bankman-Fried's Lawyers Bicker With Prosecutors Over Proposed Witnesses
Sam Bankman-Fried's defense team continues to squabble with prosecutors over the Department of Justice's motion to disqualify some proposed witnesses. CoinDesk's global policy and regulation managing editor Nikhilesh De details the back-and-forth between the government and the FTX founder's attorneys.
Is an Altcoin Crash Coming?
Matrixport said in a Monday report that at least $3.4 billion worth of crypto is likely to be sold by FTX, so it can return fiat currency to its users instead of tokens, which should create an overhang for altcoins for the rest of the year. "First Mover" host Jennifer Sanasie and The Tie director of content Lawrence Lewitinn discuss the key takeaways.