China News Daily Official TheBitTimes.com

An Estonian court annulled the extradition of crypto entrepreneurs, who were accused of a $575 million crypto fraud, to the U.S. An Estonian court has annulled the extradition of two crypto entrepreneurs who were arrested in Nov. 2022 on an 18-count indictment for their alleged involvement in a $575 million crypto fraud and money laundering conspiracy. According to Estonian newspaper Postimees, the Tallinn Circuit Court satisfied appeals on Nov. 29, 2023 saying that the Estonian government had failed to investigate and consider important circumstances in making the decision to extradite HashFlare co -founders Ivan Turogin and Sergei Potapenko. You might also like: Inactive 250k ETH wallet is probably linked to Estonian major bank Shortly after Turogin and Potapenko were arrested in Estonia, the U.S. Department of Justice (DoJ) issued a written request, seeking their extradition to the U.S. However, the Tallinn court ruled that the government’s orders must be annu...

Nifty Gateway was founded in 2018 and acquired by Gemini in 2019. In a Twitter thread posted on Jan. 25, Duncan Cock Foster and Griffin Cock Foster, co- founders of nonfungible token (NFT) auction platform Nifty Gateway, announced their resignations effective immediately. In supporting the decision, Duncan said they were leaving because “Griffin and I are founders at heart, and we want to start another company.” “When @Gemini acquired NG in 2019, Griffin and I said if everything went amazing and we loved it, we would stay for 4 years before starting another company. We ended up staying the max amount of time we originally thought possible, which shows how great this experience was!” The move comes amid a legal battle between Nifty Gateway’s parent company, Gemini, and bankrupt cryptocurrency lender Genesis Global. Gemini alleges that the latter owes its users $900 million as part of its Gemini Earn program after Genesis Global halted withdrawals due to “unprecedented market conditio...