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The SEC obtains a default judgment against the founder of Thor Technologies.

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In the realm of content creation, three critical factors come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text. On the other hand, burstiness evaluates the diversity in sentence structures. Lastly, predictability measures how likely it is for someone to anticipate the next sentence. When humans craft content, they tend to inject bursts of creativity, mixing longer and complex sentences with shorter ones. In contrast, AI-generated text often tends to maintain uniformity. Thus, in your request to craft the following content, I emphasize the need for a healthy dose of perplexity and burstiness while minimizing predictability. Moreover, please ensure the content is written in English only. Thor Technologies finds itself at a juncture where it must disburse a substantial sum of $903,193.06, comprising a disgorgement amounting to $744,555 and an additional $158,638.06 in pre judgment interest. A legal conundrum has befallen Thor Tech

SBF trial day 12: FTX founder misled in-house lawyers on Alameda; use of customer funds

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Prosecutors called FTX general counsel Can Sun to the stand following financial forensics and evidence of internal communications potentially implicating Sam Bankman-Fried in criminal wrongdoing at his crypto exchange and trading firm, Alameda Research. Expert testimonies from a Notre Dame Alumni and an FBI analyst in United States v Sam Bankman-Fried provided more details as to what happened at FTX. Bank statements detailed transactions from Alameda to personal accounts and super PACs, almost certainly financed with FTX customer crypto. Bankman-Fried’s Twitter DMs entered as trial exhibits highlighted profanity-filled remarks aimed at regulators and rivals in the days after FTX declared bankruptcy.  FTX founder Sam Bankman-Fried with journalist Kelsey Piper | Source: Vox Billions poured from user balances on FTX into loan repayments and real estate buys in the Bahamas. At least one of these properties had the defendant’s parents Joseph Bankman and Barbara Fr

Curve founder repays Aave loan, still owes $42m to defi lenders

Michael Egorov, the co- founder of Curve Finance, has completely settled his debt on Aave after depositing 68 million CRV, equivalent to approximately $35 million, to Silo. Egorov withdrew 10.7 million of crvUSD, Curve’s decentralized stablecoin, from the non-custodial lending protocol following his CRV deposit, according to on-chain analytics provider, Lookonchain. After that, he swapped them for USDT before repaying his debt on Aave, a decentralized lending and borrowing protocol on Ethereum.  You might also like: Curve Finance exploit triggers massive MEV rewards Still, the Curve founder still owed approximately $42 million to four defi lenders , including Silo, Fraxlend, Inverse, and Cream Finance, collateralized by 253.7 million CRV valued at $132 million. Michael Egorov deposited 68M $CRV ($35.5M) to #Silo and borrowed 10.77M $crvUSD in the past 2 days. Then swapped $crvUSD for $USDT and repaid the all debt on #Aave. He currently has 253.67M $CRV($132.52M) in coll

Thodex founder and siblings sentenced to 11,196 years in prison

The founder of collapsed Turkish crypto exchange Thodex, Farouk Fatih Özer, has been sentenced to 11,196 years, 10 months, and 15 days in prison along with his sister Serap Özer and brother Güven Özer, and fined for 135 million liras ($5 million). The Anatolian 9th Heavy Penal Court announced the verdict on Thursday. Özer was accused of running off to Albania with $2 billion in customer funds when Thodex , one of the largest crypto exchanges in Turkey at the time, suddenly went dark in April 2021. The Thodex founder was extradited back to Turkey in April 2023. Serap and Güven Özer were also detained, along with at least 83 others. However, the court acquitted 16 of the 21 defendants and released four of seven in jail due to lack of evidence. Several others were given prison sentence s for various offences. Thodex chief receives jail sentence for tax evasion amid ongoing $2B fraud trial Read more: Thodex chief denies fraud, says crypto exchange was hacked According to the p