Zcash miner Fortitude taps former Hut 8 CEO to lead ahead of public listing
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The former CEO of Goliath Ventures pleaded guilty to fraud and money laundering charges involving approximately $400 million.
PANews reported on July 1 that Christopher Alexander Delgado, a Florida man and former CEO of Goliath Ventures, pleaded guilty to charges of wire fraud, conspiracy to commit wire fraud, and money laundering. He faces up to 20 years in prison for each count of fraud and up to 10 years in prison for money laundering. Delgado's Goliath Ventures lured investors with promises of high returns from cryptocurrency liquidity pools. Prosecutors allege that investors paid Goliath at least $400 million, which was used for lavish business parties, vacations, and extravagant lifestyles for employees. Delgado used investor funds to purchase at least six properties valued between $1.15 million and $8.5 million, as well as Lamborghinis, Rolls-Royces, Rolex watches, Louis Vuitton bags, and Tiffany jewelry.
Former CEO of Goliath Ventures admits to fraud and money laundering charges in $400 million cryptocurrency Ponzi scheme.
According to CoinDesk, prosecutors in Florida have revealed that Christopher Alexander Delgado, former CEO of Goliath Ventures, has pleaded guilty to charges including conspiracy to commit wire fraud, wire fraud, and money laundering in connection with a cryptocurrency investment scam involving approximately $400 million.
Bitwise CEO: OUSD announcement is most likely to benefit the category and its leaders.
According to Odaily Odaily, Bitwise CEO stated in an article on the X platform that the most likely outcome of the OUSD announcement is that the entire sector and its leaders will benefit. As product choices become more diversified and more companies invest resources in driving industry adoption, the overall market will expand further, rather than becoming a zero-sum game.
Sovright launches Argos tool to help early Zcash users recover assets from lost wallets.
According to BlockBeats, on June 30, Sovright, a non-profit organization founded by members of the governance team of the former Zcash developer Electric Coin Company (ECC), launched Argos, a wallet recovery tool to help early Zcash users recover assets in their Shielded Addresses that became inaccessible due to the cessation of maintenance on ZEC Wallet Lite in 2022. Sovright Executive Chairman Michelle Lai stated that users holding the original wallet's seed phrase can recover their funds through Argos. While the exact number of affected addresses cannot be accurately determined, the amount of funds involved is expected to be substantial, primarily impacting early and long-term Zcash users. In addition to Argos, Sovright recently launched a testnet version of the Sovright Mining Pool, which aims to help individual miners participate in mining and improve the problem of excessive concentration of Zcash computing power. Sovright was founded after a governance disagreement between the ECC and the governance body Bootstrap. All former ECC employees left to form the for-profit Zcash Open Development Lab (ZODL), while three former Bootstrap board members formed Sovright to continue promoting the Zcash ecosystem in a non-profit manner.
BitMEX has replaced its CEO, CFO, and head of growth.
PANews reported on June 29th that, according to CoinDesk, crypto exchage BitMEX has replaced its management team. CEO Stephan Lutz, CFO Ina Steiner, and Chief Growth Officer Raphael Polansky have all resigned, and former Global General Counsel and COO Peter Wilkinson has taken over as CEO. BitMEX was co-founded in 2014 by Arthur Hayes, Ben Delo, and Samuel Reed. In 2020, it was indicted for inadequate anti-money laundering measures and subsequently pleaded guilty. The three co-founders resigned shortly after criminal charges were filed in the United States. Lutz took over as CEO in 2022 during the last cryptocurrency downturn.
Tencent announced that Tian Yonglong, a former researcher at OpenAI, has joined the company to participate in the development of VLM.
According to sources at Tencent, Yonglong Tian, a former researcher at OpenAI, has recently joined Tencent's Large Language Model Department and will participate in the research and development of VLM (Visual Language Model). This marks another instance of Tencent poaching talent from OpenAI. On December 17th last year, Tencent announced an upgrade to its large model R&D architecture, establishing the AI Infra Department, AI Data Department, and Data Computing Platform Department. Former OpenAI senior researcher Yao Shunyu was appointed as the Chief AI Scientist in the "CEO/President's Office" (reporting to Martin Lau), and concurrently served as the head of the AI Infra Department and the Large Language Model Department (reporting to Lu Shan). This announcement garnered widespread attention on social media. (The Paper)