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Showing posts with the label months

Former nChain CEO jailed for 10 months over Craig Wright leaks

Reports that the former CEO of nChain, Christen Ager-Hanssen, was sentenced to 10 months for the leaking of documents exposing Craig Wright have been confirmed.  According to What The Finance (WTF), a judgment hearing took place on May 3 in the High Court as part of nChain Holding AG’s case against Ager-Hanssen.   During the hearing, the judge established that Ager-Hanssen had broken multiple court orders requiring him to remove leaked documents from the public domain, reveal who received his documents, and give up various devices.    The leaked document was reportedly the Fairway Brief , a collection of confidential information relating to Craig Wright ’s false claims to be Satoshi. The document also alleged Calvin Ayre, Marco Bianchi, and the Fairway Family Office AG conducted a ‘criminal conspiracy’ that would allow Ayre to take over nChain ’s IP for a cheaper rate.    nChain reportedly acquired court orders to remove the information from the public domain before fil...

Binance VIP users made aware of record penalty months earlier, per report

During a meeting for VIP clients of the Binance crypto exchange in Singapore, guests learned insider information related to problems with the American authorities. Among the guests was Richard Teng, the future successor to Binance founder Changpeng Zhao, according to several participants who asked not to be identified discussing the private meeting, Bloomberg reported. At the meeting, Binance representatives were directly asked about the details of the company’s legal problems. The assembled traders pressed Binance officials on how much the firm would pay to the U.S. Department of Justice and other U.S. authorities to settle the dispute, including raising the possibility of a $4 billion fine. After speaking with company representatives present at the dinner, some VIP guests were convinced that the firm would pay this amount—an amount that Binance could easily afford. A Binance spokesperson said the description of the event was inaccurate, but declined to specify which aspects ...