Eight Years Behind Bars: LA Man's Crime Spree in Crypto Heists!

🔍 Coinbase Subpoenaed by CFTC Over Bybit; Disclosure Warning!

Coinbase received a subpoena from the U.S. CFTC regarding Bybit's operations, possibly linked to users accessing Bybit through VPNs.

Coinbase warns users of potential disclosure unless the subpoena is reversed by a court before Nov. 30. Bybit, a Dubai-based platform, had previously withdrawn from the UK market and faced other regulatory challenges. Meanwhile, Coinbase's Bitcoin reserves surged by 12,000 BTC, contrasting with Binance's decrease, as founder Changpeng Zhao faces restrictions on leaving the U.S. following his guilty plea and a $175 million bond.

💰 Crypto for Kids: Save the Children's HODL Hope Hits $7.6M!

Save the Children's HODL Hope campaign, a crypto donation initiative for children's welfare has garnered over $7.6 million, with Ethereum donations leading at $3.83 million.

Bitcoin donations make up 34%, valued at $2.6 million, while USD Coin (USDC) contributes 7%, nearly $520,000. Various altcoins and stablecoins also play a role, with the largest donation of $3.9 million coming from an anonymous donor. The campaign aims to collect $10 million by the end of 2023, allowing crypto's ease of cross-border transactions to facilitate global participation in charitable events.

💹 Coinbase Co-founder's Funds Master Market Timing Strategy!

Coinbase co-founder Fred Ehrsam's funds have strategically played the market amid Coinbase's stock surge, with Ehrsam personally netting $472 million by selling 1.4 million shares before a 90% price drop.

Last week, Ehrsam's trust sold 81,530 shares, generating $8.7 million. Paradigm One LP, where Ehrsam was a managing partner, bought over 1.2 million shares, now worth almost $157 million with paper gains of over 100%. Ehrsam entities now own 17.4 million Coinbase shares, nearly 99% of the count before the significant stock offload.

🚨 Los Angeles Resident Gets 8-Year Sentence for Crypto and NFT Theft!

A Los Angeles resident, Amir Hossein Golshan, aged 25, has been sentenced to eight years in federal prison for various crimes, including stealing crypto and NFTs.

Golshan impersonated an Apple support worker, gaining unauthorized access to victims' iCloud accounts and stealing digital assets valued between $2,000 and $389,000 each. The court ordered him to pay $1,218,526 in restitution. This case highlights the increasing trend of crypto scams, with authorities cracking down on individuals engaged in fraudulent activities.

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