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Former FTX engineering director faces up to 75 years in prison following guilty plea

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Nishad Singh’s testimony was seemingly part of prosecutors’ strategy to establish Sam Bankman-Fried had been behind Alameda Research using FTX user funds.

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Coin Market

Europe’s MiCA regime puts smaller crypto firms under pressure

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Smaller crypto companies across Europe face mounting compliance costs as MiCA moves from framework to enforcement, raising fears of market consolidation.

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UK cracks down on illegal peer-to-peer crypto trading in nationwide raids

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The Financial Conduct Authority has raided eight locations suspected of illegal peer-to-peer crypto trading, issuing cease-and-desist orders.

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Aave deposits fall by $15B as Kelp exploit sparks flight from DeFi lender

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Aave’s supplied balance has tanked since the Kelp DAO bridge exploit, as users pull funds amid uncertainty over how much of the rsETH-linked shortfall the protocol will ultimately absorb.

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