apollo8urson

@apollo8urson

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In a Feb. 17 post on the X social media platform, Stark explained why the SEC requested a 28-day extension to answer Coinbase’s petition asking for permission to appeal.

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The US Securities and Exchange Commission’s lawsuit against Coinbase could be dead in its tracks as the regulator’s newly established Crypto Task Force seeks to resolve prior enforcement action against the exchange, according to former SEC official John Reed Stark.

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The TON Foundation said that Telegram’s TON features played a significant role in the growth of the network through its updates to Mini Apps, usage of Toncoin for pay-ins and payouts, and its advertising platform.

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The new partnership builds on the close collaboration of Telegram and the TON Foundation, with Telegram having repeatedly endorsed TON as its blockchain network of choice for Web3 infrastructure.

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TON will become the exclusive blockchain infrastructure for Telegram’s Mini App ecosystem as part of a new partnership between Telegram and the TON Foundation.

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Telegram will cease support for all blockchains other than The Open Network (TON) for its messenger services, including Mini Apps, according to an announcement shared with Cointelegraph on Jan. 21.

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https://warpcast.com/apollo8urson/0xc3194df2

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The former FTX executive said that despite the implied assurances from federal prosecutors, US authorities resumed investigating Bond.

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According to Salame, federal authorities implied they would stop investigating his partner, Michelle Bond, for campaign finance violations if he pleaded guilty.

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On Aug. 21, Salame filed a petition to void his guilty plea, claiming that federal prosecutors backtracked on key stipulations within the original plea agreement.

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However, Judge Lewis A. Kaplan ordered a longer term of 90 months due to the serious nature of the case and the amount of monetary losses caused by FTX’s collapse.

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Federal prosecutors initially aimed to secure a sentence of 5 to 7 years for the former FTX executive.

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“Ryan, who was not part of Sam Bankman-Fried’s innermost circle, was unaware of the crimes at the center of this case,” Salame’s attorneys wrote in a May 14 sentencing memorandum.

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Salame’s attorneys initially sought a shorter prison sentence no longer than 18 months. His attorneys argued that the former FTX executive’s asset forfeitures were already a significant punishment and claimed their client was unaware of the FTX fraud.

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Cointelegraph reached out to the FCI Cumberland correctional facility for comment on Salame’s reduced sentence but was unable to obtain a response by the time of publication. The reasons for Salame’s reduced prison time are unclear.

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The former FTX executive was sentenced to 7.5 years in prison on May 28, putting his original release date around April 2032, after which he would be subject to three years of supervised release.

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Salame pleaded guilty in September 2023 to conspiracy to operate an unlicensed money-transmitting business and engaging in campaign finance fraud.

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Cryptocurrency mining and artificial intelligence operations are driving demand for electricity to new highs across North America as industries connect large-scale data facilities to the energy grid.

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The industry must remain vigilant, as North Korean hackers may begin targeting larger objectives, such as the United States spot Bitcoin exchange-traded funds (ETFs), according to Michael Pearl, vice president of GTM strategy at onchain security company Cyvers.

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Smart-contract exploits resulted in $456 million stolen across 98 incidents, as the second-largest attack vector responsible for 19% of the value lost in 2024.

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