FTX founder Sam Bankman-Fried left a federal courtroom in handcuffs Friday when a judge revoked his bail after concluding that the fallen cryptocurrency wiz had repeatedly tried to influence witnesses against him. Bankman-Fried drooped his head as Judge Lewis A.…
Oil firm director gets 20 months imprisonment, 2 arraigned for child marriage and more
What is a city without crime? thisislagos descends into the Lagos underground to search out the baddest guys committing the craziest crimes in LasGidi. Oil firm director bags 20 months imprisonment for fraud (Guardian) A Lagos High Court, Ikeja, on…
Bankman-Fried apologizes, says didn’t ”try to commit fraud”
Former FTX Chief Executive Sam Bankman-Fried apologized Wednesday for a “lot of mistakes” in the abrupt collapse of the cryptocurrency firm and said he did not knowingly behave fraudulently. “I didn’t ever try to commit fraud on anyone,” Bankman-Fried told…
Crypto founder Tiantian Kullander unexpectedly dead at 30
The finance world has been rocked by the sudden and unexpected death of a young crypto founder at the age of just 30. Tiantian Kullander, the co-founder of Hong Kong-based digital asset company Amber Group, died in his sleep on…
FTX: Crypto giant collapses into bankruptcy
Embattled cryptocurrency exchange FTX has filed for bankruptcy in the US, seeking court protection as it looks for a way to return money to users. The company said that former boss Sam Bankman-Fried had also stepped down as chief executive.…
Forex woes and the many “sins” of Godwin Emefiele – John Atte
Two weeks ago, an amorphous self-styled civil society organisation known as the Abuja Grassroots Projects (AGP) called for the resignation of Godwin Emefiele, the Governor of Nigeria’s Central Bank. The Arewa Youth Assembly had made a similar call on September…
How FirstBank Fintech summit is contributing to bridge Nigeria’s financial inclusion – Bala Augie
As financial solution providers continue to face stiffer competition globally from Fintech startups and emerging technologies such as blockchain, cryptocurrency and crowdfunding, as well as the increasing level of disruption in the traditional mode of payment and business models, technology…
Bitcoin plunges below $6,000 to lowest level in more than a year (CNN)
Bitcoin is on the ropes again. Its price plummeted more than 10% on Wednesday, hitting its lowest level in more than a year. It’s now trading below $6,000, far from the heights it reached during its meteoric rise at the…
