SBF Finally Testifies in Court
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Welcome to the Coinfeeds Daily Digest. SBF testified today in front of court. Lido and Layer Zero teams are having a scuffle over unauthorized bridge, Yuga Labs gets in damages $1.6 Million from a copyright ruling and US Lawmakers are urging an investigation into Binance and Tether for potential terrorism financing. Let’s dive into all the major stories for the day!
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Former FTX CEO Testifies in Court on Fraud and Misuse of Funds Charges
Sam Bankman-Fried testified in a New York court facing charges of fraud and misuse of customer funds. He defended using FTX deposits for investments through Alameda Research, believing it was allowed, and admitted that FTX lacked a dedicated risk management team at its inception. | Read More
Court Orders $1.6M Damages in Bored Ape NFT Copyright Case
Creators of copycat Bored Ape NFTs, Ryder Ripps, ordered to pay damages and cease sales, setting a precedent for protecting intellectual property rights in the digital art space. | Read More
Lawmakers Urge DOJ Investigation into Binance and Tether for Potential Terrorism Financing
Lawmakers in the United States urge the Department of Justice (DOJ) to further investigate and consider charges against cryptocurrency platforms Binance and Tether | Read More