Nevin Shetty, ex-CFO of Seattle startup Fabric, was convicted of wire fraud for diverting $35 million to his crypto side business, losing it all in the 2022 crash. This case exposes governance risks in tech firms and the dangers of cryptocurrency speculation. Industry insiders are urged to strengthen financial oversight.
China has accused the U.S. of orchestrating a $13 billion Bitcoin theft from the 2020 LuBian mining pool hack, escalating cyber tensions. The U.S. denies involvement, claiming a lawful seizure of criminal proceeds. This geopolitical clash highlights vulnerabilities in crypto infrastructure and could impact global markets.
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