In part, the message, which was also forwarded through email, read: \u2018\u2018I would love to reconnect and see if there is a way for us to have a constructive relationship, use each other as resources when possible, or at least vet things with each other.\u2019\u2019<\/em> Williams also claims that there have been attempts by the former CEO to 'vet things' with the FTX employees and the current CEO, John Ray III.<\/p>\n\n\n\n
According to Williams, SBF is busy contacting the witnesses in the case to influence their testimonies, per a communication on messaging app Signal that was nabbed between him and Witness \u2013 1, (identified as Ray Miller, also the FTX US\u2019s counsel.)<\/p>\n\n\n\n
In part, the message, which was also forwarded through email, read: \u2018\u2018I would love to reconnect and see if there is a way for us to have a constructive relationship, use each other as resources when possible, or at least vet things with each other.\u2019\u2019<\/em> Williams also claims that there have been attempts by the former CEO to 'vet things' with the FTX employees and the current CEO, John Ray III.<\/p>\n\n\n\n Responding to the attorney, SBF\u2019s lawyers wrote a letter<\/a> to the presiding Judge, Lewis Kaplan, saying that, among other things, preventing their client from interacting with the former FTX employees was not practicable. Further, the counsel opposed the proposal that such interactions could only happen in the presence of a lawyer. According to the defence lawyers, the restrictions would prevent SBF from accessing the services of his therapist, a former FTX employee.<\/p>\n","post_title":"Sam Bankman-Fried Wants to Transfer FTX Assets amid Claims of Witness Tampering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sam-bankman-fried-wants-to-transfer-ftx-assets-amid-claims-of-witness-tampering","to_ping":"","pinged":"","post_modified":"2023-02-07 22:19:50","post_modified_gmt":"2023-02-07 11:19:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9679","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
According to Williams, SBF is busy contacting the witnesses in the case to influence their testimonies, per a communication on messaging app Signal that was nabbed between him and Witness \u2013 1, (identified as Ray Miller, also the FTX US\u2019s counsel.)<\/p>\n\n\n\n In part, the message, which was also forwarded through email, read: \u2018\u2018I would love to reconnect and see if there is a way for us to have a constructive relationship, use each other as resources when possible, or at least vet things with each other.\u2019\u2019<\/em> Williams also claims that there have been attempts by the former CEO to 'vet things' with the FTX employees and the current CEO, John Ray III.<\/p>\n\n\n\n Responding to the attorney, SBF\u2019s lawyers wrote a letter<\/a> to the presiding Judge, Lewis Kaplan, saying that, among other things, preventing their client from interacting with the former FTX employees was not practicable. Further, the counsel opposed the proposal that such interactions could only happen in the presence of a lawyer. According to the defence lawyers, the restrictions would prevent SBF from accessing the services of his therapist, a former FTX employee.<\/p>\n","post_title":"Sam Bankman-Fried Wants to Transfer FTX Assets amid Claims of Witness Tampering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sam-bankman-fried-wants-to-transfer-ftx-assets-amid-claims-of-witness-tampering","to_ping":"","pinged":"","post_modified":"2023-02-07 22:19:50","post_modified_gmt":"2023-02-07 11:19:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9679","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
When SBF was awarded a $250 million bond in December, part of the bail terms prohibited accessing all the assets owned by FTX or affiliated Alameda Research. About three weeks later, US Attorney Damian Williams requested<\/a>\u00a0that the terms be modified to include a communication ban.<\/p>\n\n\n\n According to Williams, SBF is busy contacting the witnesses in the case to influence their testimonies, per a communication on messaging app Signal that was nabbed between him and Witness \u2013 1, (identified as Ray Miller, also the FTX US\u2019s counsel.)<\/p>\n\n\n\n In part, the message, which was also forwarded through email, read: \u2018\u2018I would love to reconnect and see if there is a way for us to have a constructive relationship, use each other as resources when possible, or at least vet things with each other.\u2019\u2019<\/em> Williams also claims that there have been attempts by the former CEO to 'vet things' with the FTX employees and the current CEO, John Ray III.<\/p>\n\n\n\n Responding to the attorney, SBF\u2019s lawyers wrote a letter<\/a> to the presiding Judge, Lewis Kaplan, saying that, among other things, preventing their client from interacting with the former FTX employees was not practicable. Further, the counsel opposed the proposal that such interactions could only happen in the presence of a lawyer. According to the defence lawyers, the restrictions would prevent SBF from accessing the services of his therapist, a former FTX employee.<\/p>\n","post_title":"Sam Bankman-Fried Wants to Transfer FTX Assets amid Claims of Witness Tampering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sam-bankman-fried-wants-to-transfer-ftx-assets-amid-claims-of-witness-tampering","to_ping":"","pinged":"","post_modified":"2023-02-07 22:19:50","post_modified_gmt":"2023-02-07 11:19:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9679","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The lawyers representing Sam Bankman-Fried, the infamous FTX founder currently facing fraud charges for causing investors up to $10 billion in losses, want their client (SBF) to be allowed to access assets held by the bankrupt exchange, saying that there is no evidence he is responsible for conducting unauthorized transactions.<\/p>\n\n\n\n When SBF was awarded a $250 million bond in December, part of the bail terms prohibited accessing all the assets owned by FTX or affiliated Alameda Research. About three weeks later, US Attorney Damian Williams requested<\/a>\u00a0that the terms be modified to include a communication ban.<\/p>\n\n\n\n According to Williams, SBF is busy contacting the witnesses in the case to influence their testimonies, per a communication on messaging app Signal that was nabbed between him and Witness \u2013 1, (identified as Ray Miller, also the FTX US\u2019s counsel.)<\/p>\n\n\n\n In part, the message, which was also forwarded through email, read: \u2018\u2018I would love to reconnect and see if there is a way for us to have a constructive relationship, use each other as resources when possible, or at least vet things with each other.\u2019\u2019<\/em> Williams also claims that there have been attempts by the former CEO to 'vet things' with the FTX employees and the current CEO, John Ray III.<\/p>\n\n\n\n Responding to the attorney, SBF\u2019s lawyers wrote a letter<\/a> to the presiding Judge, Lewis Kaplan, saying that, among other things, preventing their client from interacting with the former FTX employees was not practicable. Further, the counsel opposed the proposal that such interactions could only happen in the presence of a lawyer. According to the defence lawyers, the restrictions would prevent SBF from accessing the services of his therapist, a former FTX employee.<\/p>\n","post_title":"Sam Bankman-Fried Wants to Transfer FTX Assets amid Claims of Witness Tampering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sam-bankman-fried-wants-to-transfer-ftx-assets-amid-claims-of-witness-tampering","to_ping":"","pinged":"","post_modified":"2023-02-07 22:19:50","post_modified_gmt":"2023-02-07 11:19:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9679","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The lawyers representing Sam Bankman-Fried, the infamous FTX founder currently facing fraud charges for causing investors up to $10 billion in losses, want their client (SBF) to be allowed to access assets held by the bankrupt exchange, saying that there is no evidence he is responsible for conducting unauthorized transactions.<\/p>\n\n\n\n When SBF was awarded a $250 million bond in December, part of the bail terms prohibited accessing all the assets owned by FTX or affiliated Alameda Research. About three weeks later, US Attorney Damian Williams requested<\/a>\u00a0that the terms be modified to include a communication ban.<\/p>\n\n\n\n According to Williams, SBF is busy contacting the witnesses in the case to influence their testimonies, per a communication on messaging app Signal that was nabbed between him and Witness \u2013 1, (identified as Ray Miller, also the FTX US\u2019s counsel.)<\/p>\n\n\n\n In part, the message, which was also forwarded through email, read: \u2018\u2018I would love to reconnect and see if there is a way for us to have a constructive relationship, use each other as resources when possible, or at least vet things with each other.\u2019\u2019<\/em> Williams also claims that there have been attempts by the former CEO to 'vet things' with the FTX employees and the current CEO, John Ray III.<\/p>\n\n\n\n Responding to the attorney, SBF\u2019s lawyers wrote a letter<\/a> to the presiding Judge, Lewis Kaplan, saying that, among other things, preventing their client from interacting with the former FTX employees was not practicable. Further, the counsel opposed the proposal that such interactions could only happen in the presence of a lawyer. According to the defence lawyers, the restrictions would prevent SBF from accessing the services of his therapist, a former FTX employee.<\/p>\n","post_title":"Sam Bankman-Fried Wants to Transfer FTX Assets amid Claims of Witness Tampering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sam-bankman-fried-wants-to-transfer-ftx-assets-amid-claims-of-witness-tampering","to_ping":"","pinged":"","post_modified":"2023-02-07 22:19:50","post_modified_gmt":"2023-02-07 11:19:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9679","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The lawyers representing Sam Bankman-Fried, the infamous FTX founder currently facing fraud charges for causing investors up to $10 billion in losses, want their client (SBF) to be allowed to access assets held by the bankrupt exchange, saying that there is no evidence he is responsible for conducting unauthorized transactions.<\/p>\n\n\n\n When SBF was awarded a $250 million bond in December, part of the bail terms prohibited accessing all the assets owned by FTX or affiliated Alameda Research. About three weeks later, US Attorney Damian Williams requested<\/a>\u00a0that the terms be modified to include a communication ban.<\/p>\n\n\n\n According to Williams, SBF is busy contacting the witnesses in the case to influence their testimonies, per a communication on messaging app Signal that was nabbed between him and Witness \u2013 1, (identified as Ray Miller, also the FTX US\u2019s counsel.)<\/p>\n\n\n\n In part, the message, which was also forwarded through email, read: \u2018\u2018I would love to reconnect and see if there is a way for us to have a constructive relationship, use each other as resources when possible, or at least vet things with each other.\u2019\u2019<\/em> Williams also claims that there have been attempts by the former CEO to 'vet things' with the FTX employees and the current CEO, John Ray III.<\/p>\n\n\n\n Responding to the attorney, SBF\u2019s lawyers wrote a letter<\/a> to the presiding Judge, Lewis Kaplan, saying that, among other things, preventing their client from interacting with the former FTX employees was not practicable. Further, the counsel opposed the proposal that such interactions could only happen in the presence of a lawyer. According to the defence lawyers, the restrictions would prevent SBF from accessing the services of his therapist, a former FTX employee.<\/p>\n","post_title":"Sam Bankman-Fried Wants to Transfer FTX Assets amid Claims of Witness Tampering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sam-bankman-fried-wants-to-transfer-ftx-assets-amid-claims-of-witness-tampering","to_ping":"","pinged":"","post_modified":"2023-02-07 22:19:50","post_modified_gmt":"2023-02-07 11:19:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9679","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The lawyers representing Sam Bankman-Fried, the infamous FTX founder currently facing fraud charges for causing investors up to $10 billion in losses, want their client (SBF) to be allowed to access assets held by the bankrupt exchange, saying that there is no evidence he is responsible for conducting unauthorized transactions.<\/p>\n\n\n\n When SBF was awarded a $250 million bond in December, part of the bail terms prohibited accessing all the assets owned by FTX or affiliated Alameda Research. About three weeks later, US Attorney Damian Williams requested<\/a>\u00a0that the terms be modified to include a communication ban.<\/p>\n\n\n\n According to Williams, SBF is busy contacting the witnesses in the case to influence their testimonies, per a communication on messaging app Signal that was nabbed between him and Witness \u2013 1, (identified as Ray Miller, also the FTX US\u2019s counsel.)<\/p>\n\n\n\n In part, the message, which was also forwarded through email, read: \u2018\u2018I would love to reconnect and see if there is a way for us to have a constructive relationship, use each other as resources when possible, or at least vet things with each other.\u2019\u2019<\/em> Williams also claims that there have been attempts by the former CEO to 'vet things' with the FTX employees and the current CEO, John Ray III.<\/p>\n\n\n\n Responding to the attorney, SBF\u2019s lawyers wrote a letter<\/a> to the presiding Judge, Lewis Kaplan, saying that, among other things, preventing their client from interacting with the former FTX employees was not practicable. Further, the counsel opposed the proposal that such interactions could only happen in the presence of a lawyer. According to the defence lawyers, the restrictions would prevent SBF from accessing the services of his therapist, a former FTX employee.<\/p>\n","post_title":"Sam Bankman-Fried Wants to Transfer FTX Assets amid Claims of Witness Tampering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sam-bankman-fried-wants-to-transfer-ftx-assets-amid-claims-of-witness-tampering","to_ping":"","pinged":"","post_modified":"2023-02-07 22:19:50","post_modified_gmt":"2023-02-07 11:19:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9679","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Astar network has more than $40 million in total value locked<\/a> (TVL), most of which comes from its decentralized exchange, ArthDex, with nearly $17 million in TVL. The network\u2019s native token ASTR was trading at $0.05839 at the time of writing, representing a price change of +5% in the past day, and 21% in the last week. The utility cryptocurrency is used for dApp<\/a> staking, paying transaction fees, and governance.\u00a0<\/p>\n","post_title":"Toyota To Develop Management Tools, Intracompany DAO On Astar Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"toyota-to-develop-management-tools-intracompany-dao-on-astar-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tvl\/","post_modified":"2023-04-10 17:37:45","post_modified_gmt":"2023-04-10 07:37:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9711","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9679,"post_author":"13","post_date":"2023-02-01 21:52:48","post_date_gmt":"2023-02-01 10:52:48","post_content":"\n The lawyers representing Sam Bankman-Fried, the infamous FTX founder currently facing fraud charges for causing investors up to $10 billion in losses, want their client (SBF) to be allowed to access assets held by the bankrupt exchange, saying that there is no evidence he is responsible for conducting unauthorized transactions.<\/p>\n\n\n\n When SBF was awarded a $250 million bond in December, part of the bail terms prohibited accessing all the assets owned by FTX or affiliated Alameda Research. About three weeks later, US Attorney Damian Williams requested<\/a>\u00a0that the terms be modified to include a communication ban.<\/p>\n\n\n\n According to Williams, SBF is busy contacting the witnesses in the case to influence their testimonies, per a communication on messaging app Signal that was nabbed between him and Witness \u2013 1, (identified as Ray Miller, also the FTX US\u2019s counsel.)<\/p>\n\n\n\n In part, the message, which was also forwarded through email, read: \u2018\u2018I would love to reconnect and see if there is a way for us to have a constructive relationship, use each other as resources when possible, or at least vet things with each other.\u2019\u2019<\/em> Williams also claims that there have been attempts by the former CEO to 'vet things' with the FTX employees and the current CEO, John Ray III.<\/p>\n\n\n\n Responding to the attorney, SBF\u2019s lawyers wrote a letter<\/a> to the presiding Judge, Lewis Kaplan, saying that, among other things, preventing their client from interacting with the former FTX employees was not practicable. Further, the counsel opposed the proposal that such interactions could only happen in the presence of a lawyer. According to the defence lawyers, the restrictions would prevent SBF from accessing the services of his therapist, a former FTX employee.<\/p>\n","post_title":"Sam Bankman-Fried Wants to Transfer FTX Assets amid Claims of Witness Tampering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sam-bankman-fried-wants-to-transfer-ftx-assets-amid-claims-of-witness-tampering","to_ping":"","pinged":"","post_modified":"2023-02-07 22:19:50","post_modified_gmt":"2023-02-07 11:19:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9679","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Toyota Blockchain Lab was established in 2019 and comprised six groups of companies. Among the benefits that the platform aims to tap from the sector include \u2013 the tamper-resistant and fault-resistant nature of the technology \u2013 achieved through partnerships within and outside the group.\u00a0<\/p>\n\n\n\n Astar network has more than $40 million in total value locked<\/a> (TVL), most of which comes from its decentralized exchange, ArthDex, with nearly $17 million in TVL. The network\u2019s native token ASTR was trading at $0.05839 at the time of writing, representing a price change of +5% in the past day, and 21% in the last week. The utility cryptocurrency is used for dApp<\/a> staking, paying transaction fees, and governance.\u00a0<\/p>\n","post_title":"Toyota To Develop Management Tools, Intracompany DAO On Astar Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"toyota-to-develop-management-tools-intracompany-dao-on-astar-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tvl\/","post_modified":"2023-04-10 17:37:45","post_modified_gmt":"2023-04-10 07:37:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9711","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9679,"post_author":"13","post_date":"2023-02-01 21:52:48","post_date_gmt":"2023-02-01 10:52:48","post_content":"\n The lawyers representing Sam Bankman-Fried, the infamous FTX founder currently facing fraud charges for causing investors up to $10 billion in losses, want their client (SBF) to be allowed to access assets held by the bankrupt exchange, saying that there is no evidence he is responsible for conducting unauthorized transactions.<\/p>\n\n\n\n When SBF was awarded a $250 million bond in December, part of the bail terms prohibited accessing all the assets owned by FTX or affiliated Alameda Research. About three weeks later, US Attorney Damian Williams requested<\/a>\u00a0that the terms be modified to include a communication ban.<\/p>\n\n\n\n According to Williams, SBF is busy contacting the witnesses in the case to influence their testimonies, per a communication on messaging app Signal that was nabbed between him and Witness \u2013 1, (identified as Ray Miller, also the FTX US\u2019s counsel.)<\/p>\n\n\n\n In part, the message, which was also forwarded through email, read: \u2018\u2018I would love to reconnect and see if there is a way for us to have a constructive relationship, use each other as resources when possible, or at least vet things with each other.\u2019\u2019<\/em> Williams also claims that there have been attempts by the former CEO to 'vet things' with the FTX employees and the current CEO, John Ray III.<\/p>\n\n\n\n Responding to the attorney, SBF\u2019s lawyers wrote a letter<\/a> to the presiding Judge, Lewis Kaplan, saying that, among other things, preventing their client from interacting with the former FTX employees was not practicable. Further, the counsel opposed the proposal that such interactions could only happen in the presence of a lawyer. According to the defence lawyers, the restrictions would prevent SBF from accessing the services of his therapist, a former FTX employee.<\/p>\n","post_title":"Sam Bankman-Fried Wants to Transfer FTX Assets amid Claims of Witness Tampering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sam-bankman-fried-wants-to-transfer-ftx-assets-amid-claims-of-witness-tampering","to_ping":"","pinged":"","post_modified":"2023-02-07 22:19:50","post_modified_gmt":"2023-02-07 11:19:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9679","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Toyota is one of the major corporations keen on using blockchain technology to streamline its operations. In 2020, the automaker unveiled<\/a> a special unit, Toyota Blockchain Lab, to better grasp how blockchain technology can be integrated into the auto sector.\u00a0<\/p>\n\n\n\n Toyota Blockchain Lab was established in 2019 and comprised six groups of companies. Among the benefits that the platform aims to tap from the sector include \u2013 the tamper-resistant and fault-resistant nature of the technology \u2013 achieved through partnerships within and outside the group.\u00a0<\/p>\n\n\n\n Astar network has more than $40 million in total value locked<\/a> (TVL), most of which comes from its decentralized exchange, ArthDex, with nearly $17 million in TVL. The network\u2019s native token ASTR was trading at $0.05839 at the time of writing, representing a price change of +5% in the past day, and 21% in the last week. The utility cryptocurrency is used for dApp<\/a> staking, paying transaction fees, and governance.\u00a0<\/p>\n","post_title":"Toyota To Develop Management Tools, Intracompany DAO On Astar Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"toyota-to-develop-management-tools-intracompany-dao-on-astar-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tvl\/","post_modified":"2023-04-10 17:37:45","post_modified_gmt":"2023-04-10 07:37:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9711","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9679,"post_author":"13","post_date":"2023-02-01 21:52:48","post_date_gmt":"2023-02-01 10:52:48","post_content":"\n The lawyers representing Sam Bankman-Fried, the infamous FTX founder currently facing fraud charges for causing investors up to $10 billion in losses, want their client (SBF) to be allowed to access assets held by the bankrupt exchange, saying that there is no evidence he is responsible for conducting unauthorized transactions.<\/p>\n\n\n\n When SBF was awarded a $250 million bond in December, part of the bail terms prohibited accessing all the assets owned by FTX or affiliated Alameda Research. About three weeks later, US Attorney Damian Williams requested<\/a>\u00a0that the terms be modified to include a communication ban.<\/p>\n\n\n\n According to Williams, SBF is busy contacting the witnesses in the case to influence their testimonies, per a communication on messaging app Signal that was nabbed between him and Witness \u2013 1, (identified as Ray Miller, also the FTX US\u2019s counsel.)<\/p>\n\n\n\n In part, the message, which was also forwarded through email, read: \u2018\u2018I would love to reconnect and see if there is a way for us to have a constructive relationship, use each other as resources when possible, or at least vet things with each other.\u2019\u2019<\/em> Williams also claims that there have been attempts by the former CEO to 'vet things' with the FTX employees and the current CEO, John Ray III.<\/p>\n\n\n\n Responding to the attorney, SBF\u2019s lawyers wrote a letter<\/a> to the presiding Judge, Lewis Kaplan, saying that, among other things, preventing their client from interacting with the former FTX employees was not practicable. Further, the counsel opposed the proposal that such interactions could only happen in the presence of a lawyer. According to the defence lawyers, the restrictions would prevent SBF from accessing the services of his therapist, a former FTX employee.<\/p>\n","post_title":"Sam Bankman-Fried Wants to Transfer FTX Assets amid Claims of Witness Tampering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sam-bankman-fried-wants-to-transfer-ftx-assets-amid-claims-of-witness-tampering","to_ping":"","pinged":"","post_modified":"2023-02-07 22:19:50","post_modified_gmt":"2023-02-07 11:19:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9679","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Toyota is one of the major corporations keen on using blockchain technology to streamline its operations. In 2020, the automaker unveiled<\/a> a special unit, Toyota Blockchain Lab, to better grasp how blockchain technology can be integrated into the auto sector.\u00a0<\/p>\n\n\n\n Toyota Blockchain Lab was established in 2019 and comprised six groups of companies. Among the benefits that the platform aims to tap from the sector include \u2013 the tamper-resistant and fault-resistant nature of the technology \u2013 achieved through partnerships within and outside the group.\u00a0<\/p>\n\n\n\n Astar network has more than $40 million in total value locked<\/a> (TVL), most of which comes from its decentralized exchange, ArthDex, with nearly $17 million in TVL. The network\u2019s native token ASTR was trading at $0.05839 at the time of writing, representing a price change of +5% in the past day, and 21% in the last week. The utility cryptocurrency is used for dApp<\/a> staking, paying transaction fees, and governance.\u00a0<\/p>\n","post_title":"Toyota To Develop Management Tools, Intracompany DAO On Astar Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"toyota-to-develop-management-tools-intracompany-dao-on-astar-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tvl\/","post_modified":"2023-04-10 17:37:45","post_modified_gmt":"2023-04-10 07:37:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9711","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9679,"post_author":"13","post_date":"2023-02-01 21:52:48","post_date_gmt":"2023-02-01 10:52:48","post_content":"\n The lawyers representing Sam Bankman-Fried, the infamous FTX founder currently facing fraud charges for causing investors up to $10 billion in losses, want their client (SBF) to be allowed to access assets held by the bankrupt exchange, saying that there is no evidence he is responsible for conducting unauthorized transactions.<\/p>\n\n\n\n When SBF was awarded a $250 million bond in December, part of the bail terms prohibited accessing all the assets owned by FTX or affiliated Alameda Research. About three weeks later, US Attorney Damian Williams requested<\/a>\u00a0that the terms be modified to include a communication ban.<\/p>\n\n\n\n According to Williams, SBF is busy contacting the witnesses in the case to influence their testimonies, per a communication on messaging app Signal that was nabbed between him and Witness \u2013 1, (identified as Ray Miller, also the FTX US\u2019s counsel.)<\/p>\n\n\n\n In part, the message, which was also forwarded through email, read: \u2018\u2018I would love to reconnect and see if there is a way for us to have a constructive relationship, use each other as resources when possible, or at least vet things with each other.\u2019\u2019<\/em> Williams also claims that there have been attempts by the former CEO to 'vet things' with the FTX employees and the current CEO, John Ray III.<\/p>\n\n\n\n Responding to the attorney, SBF\u2019s lawyers wrote a letter<\/a> to the presiding Judge, Lewis Kaplan, saying that, among other things, preventing their client from interacting with the former FTX employees was not practicable. Further, the counsel opposed the proposal that such interactions could only happen in the presence of a lawyer. According to the defence lawyers, the restrictions would prevent SBF from accessing the services of his therapist, a former FTX employee.<\/p>\n","post_title":"Sam Bankman-Fried Wants to Transfer FTX Assets amid Claims of Witness Tampering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sam-bankman-fried-wants-to-transfer-ftx-assets-amid-claims-of-witness-tampering","to_ping":"","pinged":"","post_modified":"2023-02-07 22:19:50","post_modified_gmt":"2023-02-07 11:19:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9679","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related:<\/em><\/strong> Thailand Applies Blockchain Within Its Production Sector<\/a><\/p>\n\n\n\n Toyota is one of the major corporations keen on using blockchain technology to streamline its operations. In 2020, the automaker unveiled<\/a> a special unit, Toyota Blockchain Lab, to better grasp how blockchain technology can be integrated into the auto sector.\u00a0<\/p>\n\n\n\n Toyota Blockchain Lab was established in 2019 and comprised six groups of companies. Among the benefits that the platform aims to tap from the sector include \u2013 the tamper-resistant and fault-resistant nature of the technology \u2013 achieved through partnerships within and outside the group.\u00a0<\/p>\n\n\n\n Astar network has more than $40 million in total value locked<\/a> (TVL), most of which comes from its decentralized exchange, ArthDex, with nearly $17 million in TVL. The network\u2019s native token ASTR was trading at $0.05839 at the time of writing, representing a price change of +5% in the past day, and 21% in the last week. The utility cryptocurrency is used for dApp<\/a> staking, paying transaction fees, and governance.\u00a0<\/p>\n","post_title":"Toyota To Develop Management Tools, Intracompany DAO On Astar Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"toyota-to-develop-management-tools-intracompany-dao-on-astar-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tvl\/","post_modified":"2023-04-10 17:37:45","post_modified_gmt":"2023-04-10 07:37:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9711","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9679,"post_author":"13","post_date":"2023-02-01 21:52:48","post_date_gmt":"2023-02-01 10:52:48","post_content":"\n The lawyers representing Sam Bankman-Fried, the infamous FTX founder currently facing fraud charges for causing investors up to $10 billion in losses, want their client (SBF) to be allowed to access assets held by the bankrupt exchange, saying that there is no evidence he is responsible for conducting unauthorized transactions.<\/p>\n\n\n\n When SBF was awarded a $250 million bond in December, part of the bail terms prohibited accessing all the assets owned by FTX or affiliated Alameda Research. About three weeks later, US Attorney Damian Williams requested<\/a>\u00a0that the terms be modified to include a communication ban.<\/p>\n\n\n\n According to Williams, SBF is busy contacting the witnesses in the case to influence their testimonies, per a communication on messaging app Signal that was nabbed between him and Witness \u2013 1, (identified as Ray Miller, also the FTX US\u2019s counsel.)<\/p>\n\n\n\n In part, the message, which was also forwarded through email, read: \u2018\u2018I would love to reconnect and see if there is a way for us to have a constructive relationship, use each other as resources when possible, or at least vet things with each other.\u2019\u2019<\/em> Williams also claims that there have been attempts by the former CEO to 'vet things' with the FTX employees and the current CEO, John Ray III.<\/p>\n\n\n\n Responding to the attorney, SBF\u2019s lawyers wrote a letter<\/a> to the presiding Judge, Lewis Kaplan, saying that, among other things, preventing their client from interacting with the former FTX employees was not practicable. Further, the counsel opposed the proposal that such interactions could only happen in the presence of a lawyer. According to the defence lawyers, the restrictions would prevent SBF from accessing the services of his therapist, a former FTX employee.<\/p>\n","post_title":"Sam Bankman-Fried Wants to Transfer FTX Assets amid Claims of Witness Tampering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sam-bankman-fried-wants-to-transfer-ftx-assets-amid-claims-of-witness-tampering","to_ping":"","pinged":"","post_modified":"2023-02-07 22:19:50","post_modified_gmt":"2023-02-07 11:19:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9679","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
According to Astar founder Sota Watanabe, blockchain-based management tools would enhance business efficiency. The first proof-of-concept DAO tool for Toyota employees is expected to be launched during the hackathon. If the experiments would lead to the creation of viable management tools, says Watanabe, the staff would be using the network regularly. The executive believes that there is a possibility of integrating blockchain in car manufacturing.\u00a0<\/p>\n\n\n\n See Related:<\/em><\/strong> Thailand Applies Blockchain Within Its Production Sector<\/a><\/p>\n\n\n\n Toyota is one of the major corporations keen on using blockchain technology to streamline its operations. In 2020, the automaker unveiled<\/a> a special unit, Toyota Blockchain Lab, to better grasp how blockchain technology can be integrated into the auto sector.\u00a0<\/p>\n\n\n\n Toyota Blockchain Lab was established in 2019 and comprised six groups of companies. Among the benefits that the platform aims to tap from the sector include \u2013 the tamper-resistant and fault-resistant nature of the technology \u2013 achieved through partnerships within and outside the group.\u00a0<\/p>\n\n\n\n Astar network has more than $40 million in total value locked<\/a> (TVL), most of which comes from its decentralized exchange, ArthDex, with nearly $17 million in TVL. The network\u2019s native token ASTR was trading at $0.05839 at the time of writing, representing a price change of +5% in the past day, and 21% in the last week. The utility cryptocurrency is used for dApp<\/a> staking, paying transaction fees, and governance.\u00a0<\/p>\n","post_title":"Toyota To Develop Management Tools, Intracompany DAO On Astar Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"toyota-to-develop-management-tools-intracompany-dao-on-astar-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tvl\/","post_modified":"2023-04-10 17:37:45","post_modified_gmt":"2023-04-10 07:37:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9711","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9679,"post_author":"13","post_date":"2023-02-01 21:52:48","post_date_gmt":"2023-02-01 10:52:48","post_content":"\n The lawyers representing Sam Bankman-Fried, the infamous FTX founder currently facing fraud charges for causing investors up to $10 billion in losses, want their client (SBF) to be allowed to access assets held by the bankrupt exchange, saying that there is no evidence he is responsible for conducting unauthorized transactions.<\/p>\n\n\n\n When SBF was awarded a $250 million bond in December, part of the bail terms prohibited accessing all the assets owned by FTX or affiliated Alameda Research. About three weeks later, US Attorney Damian Williams requested<\/a>\u00a0that the terms be modified to include a communication ban.<\/p>\n\n\n\n According to Williams, SBF is busy contacting the witnesses in the case to influence their testimonies, per a communication on messaging app Signal that was nabbed between him and Witness \u2013 1, (identified as Ray Miller, also the FTX US\u2019s counsel.)<\/p>\n\n\n\n In part, the message, which was also forwarded through email, read: \u2018\u2018I would love to reconnect and see if there is a way for us to have a constructive relationship, use each other as resources when possible, or at least vet things with each other.\u2019\u2019<\/em> Williams also claims that there have been attempts by the former CEO to 'vet things' with the FTX employees and the current CEO, John Ray III.<\/p>\n\n\n\n Responding to the attorney, SBF\u2019s lawyers wrote a letter<\/a> to the presiding Judge, Lewis Kaplan, saying that, among other things, preventing their client from interacting with the former FTX employees was not practicable. Further, the counsel opposed the proposal that such interactions could only happen in the presence of a lawyer. According to the defence lawyers, the restrictions would prevent SBF from accessing the services of his therapist, a former FTX employee.<\/p>\n","post_title":"Sam Bankman-Fried Wants to Transfer FTX Assets amid Claims of Witness Tampering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sam-bankman-fried-wants-to-transfer-ftx-assets-amid-claims-of-witness-tampering","to_ping":"","pinged":"","post_modified":"2023-02-07 22:19:50","post_modified_gmt":"2023-02-07 11:19:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9679","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Japanese multinational automotive manufacturer Toyota is exploring extending its operations into the digital asset space, including deploying its management tools on a blockchain. The company plans to sponsor a web 3 hackathon<\/a> on smart contract blockchain Astar, where developers would build an intracompany decentralized autonomous organization<\/a> (DAO.)<\/p>\n\n\n\n According to Astar founder Sota Watanabe, blockchain-based management tools would enhance business efficiency. The first proof-of-concept DAO tool for Toyota employees is expected to be launched during the hackathon. If the experiments would lead to the creation of viable management tools, says Watanabe, the staff would be using the network regularly. The executive believes that there is a possibility of integrating blockchain in car manufacturing.\u00a0<\/p>\n\n\n\n See Related:<\/em><\/strong> Thailand Applies Blockchain Within Its Production Sector<\/a><\/p>\n\n\n\n Toyota is one of the major corporations keen on using blockchain technology to streamline its operations. In 2020, the automaker unveiled<\/a> a special unit, Toyota Blockchain Lab, to better grasp how blockchain technology can be integrated into the auto sector.\u00a0<\/p>\n\n\n\n Toyota Blockchain Lab was established in 2019 and comprised six groups of companies. Among the benefits that the platform aims to tap from the sector include \u2013 the tamper-resistant and fault-resistant nature of the technology \u2013 achieved through partnerships within and outside the group.\u00a0<\/p>\n\n\n\n Astar network has more than $40 million in total value locked<\/a> (TVL), most of which comes from its decentralized exchange, ArthDex, with nearly $17 million in TVL. The network\u2019s native token ASTR was trading at $0.05839 at the time of writing, representing a price change of +5% in the past day, and 21% in the last week. The utility cryptocurrency is used for dApp<\/a> staking, paying transaction fees, and governance.\u00a0<\/p>\n","post_title":"Toyota To Develop Management Tools, Intracompany DAO On Astar Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"toyota-to-develop-management-tools-intracompany-dao-on-astar-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tvl\/","post_modified":"2023-04-10 17:37:45","post_modified_gmt":"2023-04-10 07:37:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9711","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9679,"post_author":"13","post_date":"2023-02-01 21:52:48","post_date_gmt":"2023-02-01 10:52:48","post_content":"\n The lawyers representing Sam Bankman-Fried, the infamous FTX founder currently facing fraud charges for causing investors up to $10 billion in losses, want their client (SBF) to be allowed to access assets held by the bankrupt exchange, saying that there is no evidence he is responsible for conducting unauthorized transactions.<\/p>\n\n\n\n When SBF was awarded a $250 million bond in December, part of the bail terms prohibited accessing all the assets owned by FTX or affiliated Alameda Research. About three weeks later, US Attorney Damian Williams requested<\/a>\u00a0that the terms be modified to include a communication ban.<\/p>\n\n\n\n According to Williams, SBF is busy contacting the witnesses in the case to influence their testimonies, per a communication on messaging app Signal that was nabbed between him and Witness \u2013 1, (identified as Ray Miller, also the FTX US\u2019s counsel.)<\/p>\n\n\n\n In part, the message, which was also forwarded through email, read: \u2018\u2018I would love to reconnect and see if there is a way for us to have a constructive relationship, use each other as resources when possible, or at least vet things with each other.\u2019\u2019<\/em> Williams also claims that there have been attempts by the former CEO to 'vet things' with the FTX employees and the current CEO, John Ray III.<\/p>\n\n\n\n Responding to the attorney, SBF\u2019s lawyers wrote a letter<\/a> to the presiding Judge, Lewis Kaplan, saying that, among other things, preventing their client from interacting with the former FTX employees was not practicable. Further, the counsel opposed the proposal that such interactions could only happen in the presence of a lawyer. According to the defence lawyers, the restrictions would prevent SBF from accessing the services of his therapist, a former FTX employee.<\/p>\n","post_title":"Sam Bankman-Fried Wants to Transfer FTX Assets amid Claims of Witness Tampering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sam-bankman-fried-wants-to-transfer-ftx-assets-amid-claims-of-witness-tampering","to_ping":"","pinged":"","post_modified":"2023-02-07 22:19:50","post_modified_gmt":"2023-02-07 11:19:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9679","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
It remains to be seen how Silvergate would shrug off the claims, considering the latter recently declared that Alameda\u2019s bank accounts were used in moving FTX funds. Besides, the bank is also defending itself against a possible class action lawsuit pitting it with investors who claim it neglected sound internal controls.<\/p>\n","post_title":"Crypto-Friendly Bank Silvergate Faces Probe For Dealings With Bankrupt FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-friendly-bank-silvergate-faces-probe-for-dealings-with-bankrupt-ftx","to_ping":"","pinged":"","post_modified":"2023-04-10 17:37:22","post_modified_gmt":"2023-04-10 07:37:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9742","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9711,"post_author":"13","post_date":"2023-02-02 21:47:13","post_date_gmt":"2023-02-02 10:47:13","post_content":"\n Japanese multinational automotive manufacturer Toyota is exploring extending its operations into the digital asset space, including deploying its management tools on a blockchain. The company plans to sponsor a web 3 hackathon<\/a> on smart contract blockchain Astar, where developers would build an intracompany decentralized autonomous organization<\/a> (DAO.)<\/p>\n\n\n\n According to Astar founder Sota Watanabe, blockchain-based management tools would enhance business efficiency. The first proof-of-concept DAO tool for Toyota employees is expected to be launched during the hackathon. If the experiments would lead to the creation of viable management tools, says Watanabe, the staff would be using the network regularly. The executive believes that there is a possibility of integrating blockchain in car manufacturing.\u00a0<\/p>\n\n\n\n See Related:<\/em><\/strong> Thailand Applies Blockchain Within Its Production Sector<\/a><\/p>\n\n\n\n Toyota is one of the major corporations keen on using blockchain technology to streamline its operations. In 2020, the automaker unveiled<\/a> a special unit, Toyota Blockchain Lab, to better grasp how blockchain technology can be integrated into the auto sector.\u00a0<\/p>\n\n\n\n Toyota Blockchain Lab was established in 2019 and comprised six groups of companies. Among the benefits that the platform aims to tap from the sector include \u2013 the tamper-resistant and fault-resistant nature of the technology \u2013 achieved through partnerships within and outside the group.\u00a0<\/p>\n\n\n\n Astar network has more than $40 million in total value locked<\/a> (TVL), most of which comes from its decentralized exchange, ArthDex, with nearly $17 million in TVL. The network\u2019s native token ASTR was trading at $0.05839 at the time of writing, representing a price change of +5% in the past day, and 21% in the last week. The utility cryptocurrency is used for dApp<\/a> staking, paying transaction fees, and governance.\u00a0<\/p>\n","post_title":"Toyota To Develop Management Tools, Intracompany DAO On Astar Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"toyota-to-develop-management-tools-intracompany-dao-on-astar-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tvl\/","post_modified":"2023-04-10 17:37:45","post_modified_gmt":"2023-04-10 07:37:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9711","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9679,"post_author":"13","post_date":"2023-02-01 21:52:48","post_date_gmt":"2023-02-01 10:52:48","post_content":"\n The lawyers representing Sam Bankman-Fried, the infamous FTX founder currently facing fraud charges for causing investors up to $10 billion in losses, want their client (SBF) to be allowed to access assets held by the bankrupt exchange, saying that there is no evidence he is responsible for conducting unauthorized transactions.<\/p>\n\n\n\n When SBF was awarded a $250 million bond in December, part of the bail terms prohibited accessing all the assets owned by FTX or affiliated Alameda Research. About three weeks later, US Attorney Damian Williams requested<\/a>\u00a0that the terms be modified to include a communication ban.<\/p>\n\n\n\n According to Williams, SBF is busy contacting the witnesses in the case to influence their testimonies, per a communication on messaging app Signal that was nabbed between him and Witness \u2013 1, (identified as Ray Miller, also the FTX US\u2019s counsel.)<\/p>\n\n\n\n In part, the message, which was also forwarded through email, read: \u2018\u2018I would love to reconnect and see if there is a way for us to have a constructive relationship, use each other as resources when possible, or at least vet things with each other.\u2019\u2019<\/em> Williams also claims that there have been attempts by the former CEO to 'vet things' with the FTX employees and the current CEO, John Ray III.<\/p>\n\n\n\n Responding to the attorney, SBF\u2019s lawyers wrote a letter<\/a> to the presiding Judge, Lewis Kaplan, saying that, among other things, preventing their client from interacting with the former FTX employees was not practicable. Further, the counsel opposed the proposal that such interactions could only happen in the presence of a lawyer. According to the defence lawyers, the restrictions would prevent SBF from accessing the services of his therapist, a former FTX employee.<\/p>\n","post_title":"Sam Bankman-Fried Wants to Transfer FTX Assets amid Claims of Witness Tampering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sam-bankman-fried-wants-to-transfer-ftx-assets-amid-claims-of-witness-tampering","to_ping":"","pinged":"","post_modified":"2023-02-07 22:19:50","post_modified_gmt":"2023-02-07 11:19:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9679","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The headwinds facing the 35-year-old financial institution have had a huge impact on the price of its stock, besides driving it to lay off some of its staff. Its shares dropped 20% during the extended trading hours on Thursday. Even before the probe, Silvergate was already in the red, having reported a $1 billion loss in the last quarter and retrenching about half its employees.<\/p>\n\n\n\n It remains to be seen how Silvergate would shrug off the claims, considering the latter recently declared that Alameda\u2019s bank accounts were used in moving FTX funds. Besides, the bank is also defending itself against a possible class action lawsuit pitting it with investors who claim it neglected sound internal controls.<\/p>\n","post_title":"Crypto-Friendly Bank Silvergate Faces Probe For Dealings With Bankrupt FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-friendly-bank-silvergate-faces-probe-for-dealings-with-bankrupt-ftx","to_ping":"","pinged":"","post_modified":"2023-04-10 17:37:22","post_modified_gmt":"2023-04-10 07:37:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9742","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9711,"post_author":"13","post_date":"2023-02-02 21:47:13","post_date_gmt":"2023-02-02 10:47:13","post_content":"\n Japanese multinational automotive manufacturer Toyota is exploring extending its operations into the digital asset space, including deploying its management tools on a blockchain. The company plans to sponsor a web 3 hackathon<\/a> on smart contract blockchain Astar, where developers would build an intracompany decentralized autonomous organization<\/a> (DAO.)<\/p>\n\n\n\n According to Astar founder Sota Watanabe, blockchain-based management tools would enhance business efficiency. The first proof-of-concept DAO tool for Toyota employees is expected to be launched during the hackathon. If the experiments would lead to the creation of viable management tools, says Watanabe, the staff would be using the network regularly. The executive believes that there is a possibility of integrating blockchain in car manufacturing.\u00a0<\/p>\n\n\n\n See Related:<\/em><\/strong> Thailand Applies Blockchain Within Its Production Sector<\/a><\/p>\n\n\n\n Toyota is one of the major corporations keen on using blockchain technology to streamline its operations. In 2020, the automaker unveiled<\/a> a special unit, Toyota Blockchain Lab, to better grasp how blockchain technology can be integrated into the auto sector.\u00a0<\/p>\n\n\n\n Toyota Blockchain Lab was established in 2019 and comprised six groups of companies. Among the benefits that the platform aims to tap from the sector include \u2013 the tamper-resistant and fault-resistant nature of the technology \u2013 achieved through partnerships within and outside the group.\u00a0<\/p>\n\n\n\n Astar network has more than $40 million in total value locked<\/a> (TVL), most of which comes from its decentralized exchange, ArthDex, with nearly $17 million in TVL. The network\u2019s native token ASTR was trading at $0.05839 at the time of writing, representing a price change of +5% in the past day, and 21% in the last week. The utility cryptocurrency is used for dApp<\/a> staking, paying transaction fees, and governance.\u00a0<\/p>\n","post_title":"Toyota To Develop Management Tools, Intracompany DAO On Astar Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"toyota-to-develop-management-tools-intracompany-dao-on-astar-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tvl\/","post_modified":"2023-04-10 17:37:45","post_modified_gmt":"2023-04-10 07:37:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9711","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9679,"post_author":"13","post_date":"2023-02-01 21:52:48","post_date_gmt":"2023-02-01 10:52:48","post_content":"\n The lawyers representing Sam Bankman-Fried, the infamous FTX founder currently facing fraud charges for causing investors up to $10 billion in losses, want their client (SBF) to be allowed to access assets held by the bankrupt exchange, saying that there is no evidence he is responsible for conducting unauthorized transactions.<\/p>\n\n\n\n When SBF was awarded a $250 million bond in December, part of the bail terms prohibited accessing all the assets owned by FTX or affiliated Alameda Research. About three weeks later, US Attorney Damian Williams requested<\/a>\u00a0that the terms be modified to include a communication ban.<\/p>\n\n\n\n According to Williams, SBF is busy contacting the witnesses in the case to influence their testimonies, per a communication on messaging app Signal that was nabbed between him and Witness \u2013 1, (identified as Ray Miller, also the FTX US\u2019s counsel.)<\/p>\n\n\n\n In part, the message, which was also forwarded through email, read: \u2018\u2018I would love to reconnect and see if there is a way for us to have a constructive relationship, use each other as resources when possible, or at least vet things with each other.\u2019\u2019<\/em> Williams also claims that there have been attempts by the former CEO to 'vet things' with the FTX employees and the current CEO, John Ray III.<\/p>\n\n\n\n Responding to the attorney, SBF\u2019s lawyers wrote a letter<\/a> to the presiding Judge, Lewis Kaplan, saying that, among other things, preventing their client from interacting with the former FTX employees was not practicable. Further, the counsel opposed the proposal that such interactions could only happen in the presence of a lawyer. According to the defence lawyers, the restrictions would prevent SBF from accessing the services of his therapist, a former FTX employee.<\/p>\n","post_title":"Sam Bankman-Fried Wants to Transfer FTX Assets amid Claims of Witness Tampering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sam-bankman-fried-wants-to-transfer-ftx-assets-amid-claims-of-witness-tampering","to_ping":"","pinged":"","post_modified":"2023-02-07 22:19:50","post_modified_gmt":"2023-02-07 11:19:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9679","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
In defense, the NYSE-listed bank said it complied with the necessary due diligence processes on all the accounts owned by Alameda (reportedly opened in 2018,) and those by FTX, before onboarding them, and afterward.<\/p>\n\n\n\n The headwinds facing the 35-year-old financial institution have had a huge impact on the price of its stock, besides driving it to lay off some of its staff. Its shares dropped 20% during the extended trading hours on Thursday. Even before the probe, Silvergate was already in the red, having reported a $1 billion loss in the last quarter and retrenching about half its employees.<\/p>\n\n\n\n It remains to be seen how Silvergate would shrug off the claims, considering the latter recently declared that Alameda\u2019s bank accounts were used in moving FTX funds. Besides, the bank is also defending itself against a possible class action lawsuit pitting it with investors who claim it neglected sound internal controls.<\/p>\n","post_title":"Crypto-Friendly Bank Silvergate Faces Probe For Dealings With Bankrupt FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-friendly-bank-silvergate-faces-probe-for-dealings-with-bankrupt-ftx","to_ping":"","pinged":"","post_modified":"2023-04-10 17:37:22","post_modified_gmt":"2023-04-10 07:37:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9742","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9711,"post_author":"13","post_date":"2023-02-02 21:47:13","post_date_gmt":"2023-02-02 10:47:13","post_content":"\n Japanese multinational automotive manufacturer Toyota is exploring extending its operations into the digital asset space, including deploying its management tools on a blockchain. The company plans to sponsor a web 3 hackathon<\/a> on smart contract blockchain Astar, where developers would build an intracompany decentralized autonomous organization<\/a> (DAO.)<\/p>\n\n\n\n According to Astar founder Sota Watanabe, blockchain-based management tools would enhance business efficiency. The first proof-of-concept DAO tool for Toyota employees is expected to be launched during the hackathon. If the experiments would lead to the creation of viable management tools, says Watanabe, the staff would be using the network regularly. The executive believes that there is a possibility of integrating blockchain in car manufacturing.\u00a0<\/p>\n\n\n\n See Related:<\/em><\/strong> Thailand Applies Blockchain Within Its Production Sector<\/a><\/p>\n\n\n\n Toyota is one of the major corporations keen on using blockchain technology to streamline its operations. In 2020, the automaker unveiled<\/a> a special unit, Toyota Blockchain Lab, to better grasp how blockchain technology can be integrated into the auto sector.\u00a0<\/p>\n\n\n\n Toyota Blockchain Lab was established in 2019 and comprised six groups of companies. Among the benefits that the platform aims to tap from the sector include \u2013 the tamper-resistant and fault-resistant nature of the technology \u2013 achieved through partnerships within and outside the group.\u00a0<\/p>\n\n\n\n Astar network has more than $40 million in total value locked<\/a> (TVL), most of which comes from its decentralized exchange, ArthDex, with nearly $17 million in TVL. The network\u2019s native token ASTR was trading at $0.05839 at the time of writing, representing a price change of +5% in the past day, and 21% in the last week. The utility cryptocurrency is used for dApp<\/a> staking, paying transaction fees, and governance.\u00a0<\/p>\n","post_title":"Toyota To Develop Management Tools, Intracompany DAO On Astar Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"toyota-to-develop-management-tools-intracompany-dao-on-astar-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tvl\/","post_modified":"2023-04-10 17:37:45","post_modified_gmt":"2023-04-10 07:37:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9711","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9679,"post_author":"13","post_date":"2023-02-01 21:52:48","post_date_gmt":"2023-02-01 10:52:48","post_content":"\n The lawyers representing Sam Bankman-Fried, the infamous FTX founder currently facing fraud charges for causing investors up to $10 billion in losses, want their client (SBF) to be allowed to access assets held by the bankrupt exchange, saying that there is no evidence he is responsible for conducting unauthorized transactions.<\/p>\n\n\n\n When SBF was awarded a $250 million bond in December, part of the bail terms prohibited accessing all the assets owned by FTX or affiliated Alameda Research. About three weeks later, US Attorney Damian Williams requested<\/a>\u00a0that the terms be modified to include a communication ban.<\/p>\n\n\n\n According to Williams, SBF is busy contacting the witnesses in the case to influence their testimonies, per a communication on messaging app Signal that was nabbed between him and Witness \u2013 1, (identified as Ray Miller, also the FTX US\u2019s counsel.)<\/p>\n\n\n\n In part, the message, which was also forwarded through email, read: \u2018\u2018I would love to reconnect and see if there is a way for us to have a constructive relationship, use each other as resources when possible, or at least vet things with each other.\u2019\u2019<\/em> Williams also claims that there have been attempts by the former CEO to 'vet things' with the FTX employees and the current CEO, John Ray III.<\/p>\n\n\n\n Responding to the attorney, SBF\u2019s lawyers wrote a letter<\/a> to the presiding Judge, Lewis Kaplan, saying that, among other things, preventing their client from interacting with the former FTX employees was not practicable. Further, the counsel opposed the proposal that such interactions could only happen in the presence of a lawyer. According to the defence lawyers, the restrictions would prevent SBF from accessing the services of his therapist, a former FTX employee.<\/p>\n","post_title":"Sam Bankman-Fried Wants to Transfer FTX Assets amid Claims of Witness Tampering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sam-bankman-fried-wants-to-transfer-ftx-assets-amid-claims-of-witness-tampering","to_ping":"","pinged":"","post_modified":"2023-02-07 22:19:50","post_modified_gmt":"2023-02-07 11:19:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9679","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Still in Washington D.C., a group of senators led by Democrat Elizabeth Warren has brought similar concerns against the lender. The legislators want to know whether Silvergate knew about the alleged mismanagement of funds by FTX, terming an earlier response on the same as \u2018\u2018evasive and incomplete.\u2019\u2019 The letter<\/a> \u2013 seen by Bloomberg News \u2013 reached Silvergate on Monday.\u00a0\u00a0\u00a0<\/p>\n\n\n\n In defense, the NYSE-listed bank said it complied with the necessary due diligence processes on all the accounts owned by Alameda (reportedly opened in 2018,) and those by FTX, before onboarding them, and afterward.<\/p>\n\n\n\n The headwinds facing the 35-year-old financial institution have had a huge impact on the price of its stock, besides driving it to lay off some of its staff. Its shares dropped 20% during the extended trading hours on Thursday. Even before the probe, Silvergate was already in the red, having reported a $1 billion loss in the last quarter and retrenching about half its employees.<\/p>\n\n\n\n It remains to be seen how Silvergate would shrug off the claims, considering the latter recently declared that Alameda\u2019s bank accounts were used in moving FTX funds. Besides, the bank is also defending itself against a possible class action lawsuit pitting it with investors who claim it neglected sound internal controls.<\/p>\n","post_title":"Crypto-Friendly Bank Silvergate Faces Probe For Dealings With Bankrupt FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-friendly-bank-silvergate-faces-probe-for-dealings-with-bankrupt-ftx","to_ping":"","pinged":"","post_modified":"2023-04-10 17:37:22","post_modified_gmt":"2023-04-10 07:37:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9742","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9711,"post_author":"13","post_date":"2023-02-02 21:47:13","post_date_gmt":"2023-02-02 10:47:13","post_content":"\n Japanese multinational automotive manufacturer Toyota is exploring extending its operations into the digital asset space, including deploying its management tools on a blockchain. The company plans to sponsor a web 3 hackathon<\/a> on smart contract blockchain Astar, where developers would build an intracompany decentralized autonomous organization<\/a> (DAO.)<\/p>\n\n\n\n According to Astar founder Sota Watanabe, blockchain-based management tools would enhance business efficiency. The first proof-of-concept DAO tool for Toyota employees is expected to be launched during the hackathon. If the experiments would lead to the creation of viable management tools, says Watanabe, the staff would be using the network regularly. The executive believes that there is a possibility of integrating blockchain in car manufacturing.\u00a0<\/p>\n\n\n\n See Related:<\/em><\/strong> Thailand Applies Blockchain Within Its Production Sector<\/a><\/p>\n\n\n\n Toyota is one of the major corporations keen on using blockchain technology to streamline its operations. In 2020, the automaker unveiled<\/a> a special unit, Toyota Blockchain Lab, to better grasp how blockchain technology can be integrated into the auto sector.\u00a0<\/p>\n\n\n\n Toyota Blockchain Lab was established in 2019 and comprised six groups of companies. Among the benefits that the platform aims to tap from the sector include \u2013 the tamper-resistant and fault-resistant nature of the technology \u2013 achieved through partnerships within and outside the group.\u00a0<\/p>\n\n\n\n Astar network has more than $40 million in total value locked<\/a> (TVL), most of which comes from its decentralized exchange, ArthDex, with nearly $17 million in TVL. The network\u2019s native token ASTR was trading at $0.05839 at the time of writing, representing a price change of +5% in the past day, and 21% in the last week. The utility cryptocurrency is used for dApp<\/a> staking, paying transaction fees, and governance.\u00a0<\/p>\n","post_title":"Toyota To Develop Management Tools, Intracompany DAO On Astar Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"toyota-to-develop-management-tools-intracompany-dao-on-astar-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tvl\/","post_modified":"2023-04-10 17:37:45","post_modified_gmt":"2023-04-10 07:37:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9711","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9679,"post_author":"13","post_date":"2023-02-01 21:52:48","post_date_gmt":"2023-02-01 10:52:48","post_content":"\n The lawyers representing Sam Bankman-Fried, the infamous FTX founder currently facing fraud charges for causing investors up to $10 billion in losses, want their client (SBF) to be allowed to access assets held by the bankrupt exchange, saying that there is no evidence he is responsible for conducting unauthorized transactions.<\/p>\n\n\n\n When SBF was awarded a $250 million bond in December, part of the bail terms prohibited accessing all the assets owned by FTX or affiliated Alameda Research. About three weeks later, US Attorney Damian Williams requested<\/a>\u00a0that the terms be modified to include a communication ban.<\/p>\n\n\n\n According to Williams, SBF is busy contacting the witnesses in the case to influence their testimonies, per a communication on messaging app Signal that was nabbed between him and Witness \u2013 1, (identified as Ray Miller, also the FTX US\u2019s counsel.)<\/p>\n\n\n\n In part, the message, which was also forwarded through email, read: \u2018\u2018I would love to reconnect and see if there is a way for us to have a constructive relationship, use each other as resources when possible, or at least vet things with each other.\u2019\u2019<\/em> Williams also claims that there have been attempts by the former CEO to 'vet things' with the FTX employees and the current CEO, John Ray III.<\/p>\n\n\n\n Responding to the attorney, SBF\u2019s lawyers wrote a letter<\/a> to the presiding Judge, Lewis Kaplan, saying that, among other things, preventing their client from interacting with the former FTX employees was not practicable. Further, the counsel opposed the proposal that such interactions could only happen in the presence of a lawyer. According to the defence lawyers, the restrictions would prevent SBF from accessing the services of his therapist, a former FTX employee.<\/p>\n","post_title":"Sam Bankman-Fried Wants to Transfer FTX Assets amid Claims of Witness Tampering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sam-bankman-fried-wants-to-transfer-ftx-assets-amid-claims-of-witness-tampering","to_ping":"","pinged":"","post_modified":"2023-02-07 22:19:50","post_modified_gmt":"2023-02-07 11:19:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9679","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Still in Washington D.C., a group of senators led by Democrat Elizabeth Warren has brought similar concerns against the lender. The legislators want to know whether Silvergate knew about the alleged mismanagement of funds by FTX, terming an earlier response on the same as \u2018\u2018evasive and incomplete.\u2019\u2019 The letter<\/a> \u2013 seen by Bloomberg News \u2013 reached Silvergate on Monday.\u00a0\u00a0\u00a0<\/p>\n\n\n\n In defense, the NYSE-listed bank said it complied with the necessary due diligence processes on all the accounts owned by Alameda (reportedly opened in 2018,) and those by FTX, before onboarding them, and afterward.<\/p>\n\n\n\n The headwinds facing the 35-year-old financial institution have had a huge impact on the price of its stock, besides driving it to lay off some of its staff. Its shares dropped 20% during the extended trading hours on Thursday. Even before the probe, Silvergate was already in the red, having reported a $1 billion loss in the last quarter and retrenching about half its employees.<\/p>\n\n\n\n It remains to be seen how Silvergate would shrug off the claims, considering the latter recently declared that Alameda\u2019s bank accounts were used in moving FTX funds. Besides, the bank is also defending itself against a possible class action lawsuit pitting it with investors who claim it neglected sound internal controls.<\/p>\n","post_title":"Crypto-Friendly Bank Silvergate Faces Probe For Dealings With Bankrupt FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-friendly-bank-silvergate-faces-probe-for-dealings-with-bankrupt-ftx","to_ping":"","pinged":"","post_modified":"2023-04-10 17:37:22","post_modified_gmt":"2023-04-10 07:37:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9742","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9711,"post_author":"13","post_date":"2023-02-02 21:47:13","post_date_gmt":"2023-02-02 10:47:13","post_content":"\n Japanese multinational automotive manufacturer Toyota is exploring extending its operations into the digital asset space, including deploying its management tools on a blockchain. The company plans to sponsor a web 3 hackathon<\/a> on smart contract blockchain Astar, where developers would build an intracompany decentralized autonomous organization<\/a> (DAO.)<\/p>\n\n\n\n According to Astar founder Sota Watanabe, blockchain-based management tools would enhance business efficiency. The first proof-of-concept DAO tool for Toyota employees is expected to be launched during the hackathon. If the experiments would lead to the creation of viable management tools, says Watanabe, the staff would be using the network regularly. The executive believes that there is a possibility of integrating blockchain in car manufacturing.\u00a0<\/p>\n\n\n\n See Related:<\/em><\/strong> Thailand Applies Blockchain Within Its Production Sector<\/a><\/p>\n\n\n\n Toyota is one of the major corporations keen on using blockchain technology to streamline its operations. In 2020, the automaker unveiled<\/a> a special unit, Toyota Blockchain Lab, to better grasp how blockchain technology can be integrated into the auto sector.\u00a0<\/p>\n\n\n\n Toyota Blockchain Lab was established in 2019 and comprised six groups of companies. Among the benefits that the platform aims to tap from the sector include \u2013 the tamper-resistant and fault-resistant nature of the technology \u2013 achieved through partnerships within and outside the group.\u00a0<\/p>\n\n\n\n Astar network has more than $40 million in total value locked<\/a> (TVL), most of which comes from its decentralized exchange, ArthDex, with nearly $17 million in TVL. The network\u2019s native token ASTR was trading at $0.05839 at the time of writing, representing a price change of +5% in the past day, and 21% in the last week. The utility cryptocurrency is used for dApp<\/a> staking, paying transaction fees, and governance.\u00a0<\/p>\n","post_title":"Toyota To Develop Management Tools, Intracompany DAO On Astar Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"toyota-to-develop-management-tools-intracompany-dao-on-astar-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tvl\/","post_modified":"2023-04-10 17:37:45","post_modified_gmt":"2023-04-10 07:37:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9711","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9679,"post_author":"13","post_date":"2023-02-01 21:52:48","post_date_gmt":"2023-02-01 10:52:48","post_content":"\n The lawyers representing Sam Bankman-Fried, the infamous FTX founder currently facing fraud charges for causing investors up to $10 billion in losses, want their client (SBF) to be allowed to access assets held by the bankrupt exchange, saying that there is no evidence he is responsible for conducting unauthorized transactions.<\/p>\n\n\n\n When SBF was awarded a $250 million bond in December, part of the bail terms prohibited accessing all the assets owned by FTX or affiliated Alameda Research. About three weeks later, US Attorney Damian Williams requested<\/a>\u00a0that the terms be modified to include a communication ban.<\/p>\n\n\n\n According to Williams, SBF is busy contacting the witnesses in the case to influence their testimonies, per a communication on messaging app Signal that was nabbed between him and Witness \u2013 1, (identified as Ray Miller, also the FTX US\u2019s counsel.)<\/p>\n\n\n\n In part, the message, which was also forwarded through email, read: \u2018\u2018I would love to reconnect and see if there is a way for us to have a constructive relationship, use each other as resources when possible, or at least vet things with each other.\u2019\u2019<\/em> Williams also claims that there have been attempts by the former CEO to 'vet things' with the FTX employees and the current CEO, John Ray III.<\/p>\n\n\n\n Responding to the attorney, SBF\u2019s lawyers wrote a letter<\/a> to the presiding Judge, Lewis Kaplan, saying that, among other things, preventing their client from interacting with the former FTX employees was not practicable. Further, the counsel opposed the proposal that such interactions could only happen in the presence of a lawyer. According to the defence lawyers, the restrictions would prevent SBF from accessing the services of his therapist, a former FTX employee.<\/p>\n","post_title":"Sam Bankman-Fried Wants to Transfer FTX Assets amid Claims of Witness Tampering","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sam-bankman-fried-wants-to-transfer-ftx-assets-amid-claims-of-witness-tampering","to_ping":"","pinged":"","post_modified":"2023-02-07 22:19:50","post_modified_gmt":"2023-02-07 11:19:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9679","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
According to sources<\/a> who shared information with Bloomberg on anonymity, Silvegate has not been accused of any wrongdoing yet, and the charges may not even materialize. However, DOJ is not the only authority going after the lender, and its troubles may not end anytime soon.<\/p>\n\n\n\n Still in Washington D.C., a group of senators led by Democrat Elizabeth Warren has brought similar concerns against the lender. The legislators want to know whether Silvergate knew about the alleged mismanagement of funds by FTX, terming an earlier response on the same as \u2018\u2018evasive and incomplete.\u2019\u2019 The letter<\/a> \u2013 seen by Bloomberg News \u2013 reached Silvergate on Monday.\u00a0\u00a0\u00a0<\/p>\n\n\n\n In defense, the NYSE-listed bank said it complied with the necessary due diligence processes on all the accounts owned by Alameda (reportedly opened in 2018,) and those by FTX, before onboarding them, and afterward.<\/p>\n\n\n\n The headwinds facing the 35-year-old financial institution have had a huge impact on the price of its stock, besides driving it to lay off some of its staff. Its shares dropped 20% during the extended trading hours on Thursday. Even before the probe, Silvergate was already in the red, having reported a $1 billion loss in the last quarter and retrenching about half its employees.<\/p>\n\n\n\n It remains to be seen how Silvergate would shrug off the claims, considering the latter recently declared that Alameda\u2019s bank accounts were used in moving FTX funds. Besides, the bank is also defending itself against a possible class action lawsuit pitting it with investors who claim it neglected sound internal controls.<\/p>\n","post_title":"Crypto-Friendly Bank Silvergate Faces Probe For Dealings With Bankrupt FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-friendly-bank-silvergate-faces-probe-for-dealings-with-bankrupt-ftx","to_ping":"","pinged":"","post_modified":"2023-04-10 17:37:22","post_modified_gmt":"2023-04-10 07:37:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9742","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9711,"post_author":"13","post_date":"2023-02-02 21:47:13","post_date_gmt":"2023-02-02 10:47:13","post_content":"\n Japanese multinational automotive manufacturer Toyota is exploring extending its operations into the digital asset space, including deploying its management tools on a blockchain. The company plans to sponsor a web 3 hackathon<\/a> on smart contract blockchain Astar, where developers would build an intracompany decentralized autonomous organization<\/a> (DAO.)<\/p>\n\n\n\n According to Astar founder Sota Watanabe, blockchain-based management tools would enhance business efficiency. The first proof-of-concept DAO tool for Toyota employees is expected to be launched during the hackathon. If the experiments would lead to the creation of viable management tools, says Watanabe, the staff would be using the network regularly. The executive believes that there is a possibility of integrating blockchain in car manufacturing.\u00a0<\/p>\n\n\n\n See Related:<\/em><\/strong> Thailand Applies Blockchain Within Its Production Sector<\/a><\/p>\n\n\n\n Toyota is one of the major corporations keen on using blockchain technology to streamline its operations. In 2020, the automaker unveiled<\/a> a special unit, Toyota Blockchain Lab, to better grasp how blockchain technology can be integrated into the auto sector.\u00a0<\/p>\n\n\n\n Toyota Blockchain Lab was established in 2019 and comprised six groups of companies. Among the benefits that the platform aims to tap from the sector include \u2013 the tamper-resistant and fault-resistant nature of the technology \u2013 achieved through partnerships within and outside the group.\u00a0<\/p>\n\n\n\n Astar network has more than $40 million in total value locked<\/a> (TVL), most of which comes from its decentralized exchange, ArthDex, with nearly $17 million in TVL. The network\u2019s native token ASTR was trading at $0.05839 at the time of writing, representing a price change of +5% in the past day, and 21% in the last week. The utility cryptocurrency is used for dApp<\/a> staking, paying transaction fees, and governance.\u00a0<\/p>\n","post_title":"Toyota To Develop Management Tools, Intracompany DAO On Astar Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"toyota-to-develop-management-tools-intracompany-dao-on-astar-blockchain","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tvl\/","post_modified":"2023-04-10 17:37:45","post_modified_gmt":"2023-04-10 07:37:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9711","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9679,"post_author":"13","post_date":"2023-02-01 21:52:48","post_date_gmt":"2023-02-01 10:52:48","post_content":"\n The lawyers representing Sam Bankman-Fried, the infamous FTX founder currently facing fraud charges for causing investors up to $10 billion in losses, want their client (SBF) to be allowed to access assets held by the bankrupt exchange, saying that there is no evidence he is responsible for conducting unauthorized transactions.<\/p>\n\n\n\n When SBF was awarded a $250 million bond in December, part of the bail terms prohibited accessing all the assets owned by FTX or affiliated Alameda Research. About three weeks later, US Attorney Damian Williams requested<\/a>\u00a0that the terms be modified to include a communication ban.<\/p>\n\n\n\n According to Williams, SBF is busy contacting the witnesses in the case to influence their testimonies, per a communication on messaging app Signal that was nabbed between him and Witness \u2013 1, (identified as Ray Miller, also the FTX US\u2019s counsel.)<\/p>\n\n\n\n In part, the message, which was also forwarded through email, read: \u2018\u2018I would love to reconnect and see if there is a way for us to have a constructive relationship, use each other as resources when possible, or at least vet things with each other.\u2019\u2019<\/em> Williams also claims that there have been attempts by the former CEO to 'vet things' with the FTX employees and the current CEO, John Ray III.<\/p>\n\n\n\n
ADVERTISEMENT
Alleged Witness Tampering By SBF<\/h2>\n\n\n\n
ADVERTISEMENT
Alleged Witness Tampering By SBF<\/h2>\n\n\n\n
ADVERTISEMENT
Alleged Witness Tampering By SBF<\/h2>\n\n\n\n
ADVERTISEMENT
Alleged Witness Tampering By SBF<\/h2>\n\n\n\n
ADVERTISEMENT
Alleged Witness Tampering By SBF<\/h2>\n\n\n\n
ADVERTISEMENT
\n
Alleged Witness Tampering By SBF<\/h2>\n\n\n\n
ADVERTISEMENT
\n
Alleged Witness Tampering By SBF<\/h2>\n\n\n\n
ADVERTISEMENT
\n
Alleged Witness Tampering By SBF<\/h2>\n\n\n\n
ADVERTISEMENT
\n
Alleged Witness Tampering By SBF<\/h2>\n\n\n\n
ADVERTISEMENT
Toyota Blockchain Lab\u00a0<\/h2>\n\n\n\n
\n
Alleged Witness Tampering By SBF<\/h2>\n\n\n\n
ADVERTISEMENT
Toyota Blockchain Lab\u00a0<\/h2>\n\n\n\n
\n
Alleged Witness Tampering By SBF<\/h2>\n\n\n\n
ADVERTISEMENT
Toyota Blockchain Lab\u00a0<\/h2>\n\n\n\n
\n
Alleged Witness Tampering By SBF<\/h2>\n\n\n\n
ADVERTISEMENT
Toyota Blockchain Lab\u00a0<\/h2>\n\n\n\n
\n
Alleged Witness Tampering By SBF<\/h2>\n\n\n\n
ADVERTISEMENT
Toyota Blockchain Lab\u00a0<\/h2>\n\n\n\n
\n
Alleged Witness Tampering By SBF<\/h2>\n\n\n\n
ADVERTISEMENT
Toyota Blockchain Lab\u00a0<\/h2>\n\n\n\n
\n
Alleged Witness Tampering By SBF<\/h2>\n\n\n\n
ADVERTISEMENT
Toyota Blockchain Lab\u00a0<\/h2>\n\n\n\n
\n
Alleged Witness Tampering By SBF<\/h2>\n\n\n\n
ADVERTISEMENT
Toyota Blockchain Lab\u00a0<\/h2>\n\n\n\n
\n
Alleged Witness Tampering By SBF<\/h2>\n\n\n\n
ADVERTISEMENT
US Lawmakers Are Also Questioning Silvergate's Conduct<\/h2>\n\n\n\n
Toyota Blockchain Lab\u00a0<\/h2>\n\n\n\n
\n
Alleged Witness Tampering By SBF<\/h2>\n\n\n\n
ADVERTISEMENT
US Lawmakers Are Also Questioning Silvergate's Conduct<\/h2>\n\n\n\n
Toyota Blockchain Lab\u00a0<\/h2>\n\n\n\n
\n
Alleged Witness Tampering By SBF<\/h2>\n\n\n\n
