Latest Crypto News: Ex-FTX CEO Sam Bankman-Fried ‘lent billions’; North Korea Hackers Target NFT Investors

From FTX court hearing and North Korean hackers targeting NFT investors to Dapps’ pre-seed funding, here’re some latest developments in the crypto world.
Latest Crypto News: Ex-FTX CEO Sam Bankman-Fried ‘lent billions’; North Korea Hackers Target NFT Investors

Caroline Ellison, the former CEO of Alameda Research, testified before a federal judge last week that she conspired with FTX employees, including former CEO Sam Bankman-Fried, to mislead lenders about the amount of money her organisation borrowed from the now-bankrupt exchange, Forkast News reported.

According a transcript of the hearing made public last Friday, Ellison stated that she "was wrong" and she was aware that Alameda had access to a borrowing facility on from 2019-2022.

“We prepared certain quarterly balance sheets that concealed the extent of Alameda’s borrowing and the billions of dollars in loans that Alameda had made to FTX executives and to related parties,” Ellison, who has pleaded guilty to fraud charges, said.

North Korean Hackers Target NFT Investors

A huge phishing operation being carried out by North Korean hackers, called the "Lazarus Group," targeting non-fungible token (NFT) investors has been unearthed, a media report said. The hackers have been using some 500 phishing domains to trick victims.

One of the phoney websites claimed to be a World Cup initiative, while others mimicked well-known NFT marketplaces like OpenSea, X2Y2, and Rarible.

India’s Web3 App Store Dapps Raises Pre-Seed Fund

Dapps, India’s first exclusively web3 app store, announced in press statement that it has raised pre-seed funding from industry stalwarts like Shardeum founder Nischal Shetty, EasyFi founder Anshul Dhir, Marquee angel investor Ajeet Khurana, ex-Polygon CFO Keyur Shah, etc.

Dapps is powered by the same team which had created the successful farming and staking protocol, UniFarm. The app store has developer tools for scaling and commercializing apps.

Commenting on the development, Mohit Madan, CEO and founder, of Dapps and UniFarm said, “Delighted to receive support from the best in the industry for Dapps. More than funding, we are looking forward to a collaborative ecosystem where inquisitive minds come together from all walks of life to make Dapps a part of our daily lives.”

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