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U.S. officials will seize money from victims of bankrupt crypto firm FTX Trading Ltd. unless a judge rejects the government’s demand for $24 billion in unpaid taxes. The Internal Revenue Service (IRS) must substantiate its claim against FTX and show how it assessed the taxes it owes, FTX lawyers said in a new filing. The move is the latest in a months-long dispute between the IRS and FTX’s bankrupt cy estate over how much the failed exchange and its affiliates owe the government in unpaid taxes. While FTX claims it owes nothing to the IRS, the agency wants as much as $24 billion, more than three times the amount the estate currently has, to try to repay creditors. You might also like: FTX unveils revised reorganization plan, sets mid-December court submission “This Alice in Wonderland argument has no support in the law.” FTX filing The IRS initially said FTX owed even more money, filing initial claim s in April for about $44 billion. In September, that amoun...

Join Our Telegram channel to stay up to date on breaking news coverage Binance CEO Changpeng Zhao, otherwise called CZ, has come forward to deny the rumors that Interpol had issued a Red Notice against him. This is a photoshopped image. 4 https://t.co/vE5XlvvuQt — CZ 🔶 Binance (@cz_binance) April 3, 2023 The rumor originated from Cobie, a renowned Twitter user with a massive following. His post was an encrypted message tweeted in a sequence of letters and numbers using the SHA-256 hash function. Notably, many cryptocurrencies, including Bitcoin, use this same cryptography for security. When interpreted, the message reads, “Interpol Red Notice for CZ.” What A Red Notice Would Mean For Changpeng Zhao An excerpt from the Interpol website stipulates that a Red Notice is “A request to law enforcement worldwide to locate and provisionally arrest a person pending extradition, surrender, or similar legal action.” Further, the site expla...

A Bitcoin OG and core developer Luke Dashjr claims his PGP key was compromised, resulting in virtually all his Bitcoin being stolen from him on Dec. 31. One of the original core developers behind Bitcoin (BTC), Luke Dashjr, claims to have lost “basically” all his BTC as a result of a hack that occurred just before the new year.  In a Jan. 1 post on Twitter, the developer said the alleged hackers had somehow gained access to his PGP (Pretty Good Privacy) key, a common security method that uses two keys to gain access to encrypted information. In the thread, he shared a wallet address where some of the stolen BTC had been sent but did not reveal how much of his BTC was stolen in total. PSA: My PGP key is compromised, and at least many of my bitcoins stolen. I have no idea how. Help please. #Bitcoin — @LukeDashjr@BitcoinHackers.org on Mastodon (@LukeDashjr) January 1, 2023 At the time of writing the wallet address in question shows four transactions between 2:08 and 2:16 pm UTC o...