SEC sues HyperFund founders for $1.7B crypto ‘Ponzi’ scheme
HyperFund founders Lee and Chunga sued for $1.7B crypto scam. Chunga has agreed to a settlement, pending court approval, while Lee faces legal action. Additional charges have been filed by…
3AC founders face $1.14 billion asset freeze amid ongoing bankruptcy saga
British Virgin Islands court orders freeze, alleging founders’ role in $3.3B 3AC debt. Once celebrated, 3AC founders face prison, regulatory bans, and damaged reputations. Singapore had also issued a domestic…
SafeMoon founders arrested on wire fraud and money laundering charges
SafeMoon founders arrested; Kyle Nagy at large. The charges include wire fraud and money laundering. There are also accusations of misappropriation and investor deception. In a significant development, the founders…
BTC to $30K? Glassnode Founders Think So; XRP, LINK, and QUBE Poised for Monumental Rise
The crypto market is stirring with excitement after Glassnode founders made a bold prediction regarding Bitcoin’s future price trajectory. According to the founders of this top analytics firm, Bitcoin could…
Clash between Gala Games founders sends GALA token crashing
The founders of the blockchain gaming platform Gala Games have locked horns in court. One founder alleges theft of $130 million worth of Gala tokens while the other alleges corporate…
Tornado Cash founders charged with money laundering
DOJ has arrested Storm and is on the lookout for Semenov. Tornado Cash was used in several crypto heists last year. OFAC had sanctioned Tornado Cash in August of 2022.…
Singapore’s Blockchain Founders Fund announces final close of its $75M fund
Blockchain Founders Fund’s BFF Fund II is a $75 million fund for Web3 startups. Backers of the fund include Polygon, Ripple and NEO Global Capital (NGC). BFF launched its BFF…
Koinos announces $500K seed round led by Blockchain Founders Fund
Koinos is a free-to-use blockchain developed by a group that also helped create the Steem blockchain. The Koinos Group said the Blockchain Founders Fund led the seed round, with blockchain…