- The trio was charged with a $400 million hack of the collapsed exchange FTX.
- Ionic Digital acquires the mining assets of bankrupt financier Celsior.
- US to investigate electricity consumption of virtual currency mining companies.
Three people charged in $400 million hack of collapsed FTX
Cryptocurrency exchange FTX collapses in November 2022, hours after filing for bankruptcy and resignation of founder Sam Bankman Fried, with over $400 million stolen from the company in a mysterious hack. .
Bankman Fried, who was convicted of fraud and is in prison awaiting sentencing, said at the time that the hack may have been an inside job.
The case appears to have been resolved, according to reports from bloombergand the alleged culprits were not FTX insiders, but participants in a phone hacking ring drawn to the company’s lack of security.
Robert Powell, Emily Hernandez, and Carter Roan have been indicted by the U.S. Department of Justice for a conspiracy to commit wire fraud and identity theft against 50 victims for hundreds of millions of dollars.
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The indictment does not specifically identify FTX, but two people familiar with the case said so. bloomberg The bankrupt exchange was designated as “Victim Company-1” in the filing.
Bitcoin miner Ionic Digital acquires Celsius mining assets
Newly formed Bitcoin miner Ioniq Digital has announced that it will acquire the mining assets of failed financier Celsius Network.
Ionic Digital is owned by creditors of Celsius, which recently emerged from bankruptcy, and the miner is expected to be listed after receiving the necessary approvals.
Ionic will acquire 127,000 Bitcoin mining machines and infrastructure, delivering 87 MW of self-mining capacity across four existing facilities. Hosted Bitcoin mining capacity on third-party sites is 142 MW. and the Cedar Vale site is under development to reach 240 MW capacity.
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Once fully operational, the company said it expects to achieve a hash rate of 12.7 exahash per second (EH/s), making it one of the largest companies in North America securing the Bitcoin network.
Ionic Digital’s mine sites are primarily located in Texas, taking advantage of the state’s favorable regulatory environment and energy market.
To investigate electricity usage of virtual currency mining company
The Energy Information Administration said in a statement that it will begin a preliminary review of electricity consumption information from cryptocurrency mining companies operating in the United States next week.
The EIA will be required to investigate commercial cryptocurrency miners and share details of their energy use. The Office of Management and Budget approved the study on January 26 as an emergency data collection request.
The EIA will also seek public comments on the collection of cryptocurrency miners’ energy usage data.
“We will continue to analyze and write about the energy impacts of crypto mining activity in the United States,” said EIA Administrator Joe DeCarolis. “We specifically focused on how the energy demands of crypto mining are evolving, identifying high-growth geographic regions and determining the power sources used to meet the demand for crypto mining. Quantify.”
Virtual currency market movements
- Bitcoin fell 0.27% today to $43,065.10.
- Ethereum rose 0.16% today to $2,311.82.