Crypto News: Caroline Ellison Testifies, Binance’s PR Stunt, Upbit Hack Attempts, Dogecoin Statue!

Crypto News: Caroline Ellison Testifies, Binance’s PR Stunt, Upbit Hack Attempts, Dogecoin Statue! - Welcome to our Crypto News weekly roundup. Let's explore the key stories that made the headlines in the cryptosphere this week. Ex-girlfriend of FTX founder testifies against him in fraud trial: Caroline Ellison, the former CEO of Sam Bankman Fried's hedge fund, Alameda Research, told the court in the ongoing trial that he instructed her to lie to lenders and use FTX customer funds for his own benefit. Binance’s $1 billion crypto rescue plan was a PR stunt, Bloomberg reports:Binance announced a $1 billion initiative to help the crypto industry after FTX's collapse, but only deployed less than $30 million of it and moved the rest back to its own treasury. Upbit faced nearly 160,000 hacking attempts in the first half of 2023: Upbit, South Korea's leading crypto exchange, disclosed that it deflected an average of 879 hacking attempts per day in the first six months of 2023, more than double the number in the same period last year. Dogecoin community funds a bronze statue of Kabosu, the Doge meme dog: The Dogecoin community has raised thousands of dollars to commission a bronze statue of Kabosu, the Japanese Shiba Inu that inspired the Doge meme, and the Dogecoin cryptocurrency, which will be unveiled in Japan on November 2nd. We will discuss all of this and more, so stay with us until the end of the video to get all the latest developments in the crypto world! - Watch Now👀

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