Bitcoin24h $81,174.17-0.50%

Ethereum24h $2,379.32-1.42%

BNB24h $713.05-1.15%

XRP24h $1.29-1.30%

Solana24h $102.17-1.90%

TRON24h $0.3333-0.32%

Hyperliquid24h $78.37-2.27%

Zcash24h $1,125.45-1.18%

Dogecoin24h $0.0784-2.58%

Monero24h $560.00-0.02%

BlockFi files for bankruptcy and sues Sam Bankman-Fried on same day

BlockFi’s complaint states that SBF’s two crypto investment firms promised Robinhood shares as collateral but haven’t coughed up.

Tech CEO accused of stealing 400 BTC via fake Ethereum rival

Jawad Yaqub is also facing charges of fraudulent trading, theft, and converting criminal property through his firm Razormind.

Crypto ATMs have seen a 30% drop in transactions since October last year, with the recent bear market wiping out a brief recovery.

While decentralization is one of crypto’s main tenets, it’s likely that more centralization could have stopped the fall of crypto giant FTX.