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first_img SBF applied to the U.S. Supreme Court for a rehearing, seeking to overturn the $11 billion forfeiture order

The founder of FTX, Sam Bankman-Fried (SBF), has submitted a petition to the U.S. Supreme Court, requesting to overturn his fraud conviction and revoke the $11 billion forfeiture order. According to CNN, the petition was filed on September 10 local time, led by Alexandra A.E. Shapiro from the law firm Shapiro, Arato, Bach. SBF is currently serving a 25-year prison sentence.The petition raises two core legal issues: first, when can the trial court admit evidence showing whether victims suffered losses, in cases where the prosecution uses a "fraudulent inducement" theory, meaning that it is irrelevant whether the victims suffered economic losses; second, does the Eighth Amendment of the U.S. Constitution allow for forfeiture or other criminal fines that destroy the defendant's future livelihood prospects? The defense argues that the trial court allowed the prosecution to imply that clients suffered massive losses while prohibiting the defense from presenting evidence that clients have been compensated, which constitutes an error.The defense claims that although FTX and Alameda faced liquidity issues at one point, they always held sufficient assets to ultimately pay back investors and clients, and clients have now been repaid with both principal and interest. In 2023, SBF was convicted of multiple counts of fraud and money laundering, and in 2024, he was sentenced to 25 years in prison and ordered to forfeit $11 billion. In June of this year, a panel of the U.S. Second Circuit Court of Appeals upheld the original ruling. The Supreme Court is expected to decide later this year whether to hear the case.

Zhao Changpeng warned about the risk of supply chain attacks on Ledger hardware wallets, suspected to involve a single distributor selling counterfeit or tampered devices

Zhao Changpeng issued a reminder for Ledger hardware wallet users to remain vigilant, especially those who have purchased devices recently. According to the information currently available, this incident appears to be limited to the supply chain, involving a supplier, and a few users may have purchased counterfeit or tampered Ledger devices.Zhao Changpeng stated that Ledger is a well-established and relatively secure hardware wallet brand in the industry, but such incidents can still occur. He anticipates and calls for the BNB ecosystem and the entire cryptocurrency industry to assist in tracking the stolen funds and promoting recovery.Previously, Ledger confirmed that it is investigating an asset theft incident involving Southeast Asian users, who had purchased devices through the distributor CryptoBilis. Ledger has requested CryptoBilis to suspend sales and shipments and advised users who purchased devices through this distributor in the past 90 days not to initialize their devices; if they have already completed the setup, they should create a new Ledger signing device using a new mnemonic phrase and transfer their assets to the new wallet.On-chain investigator Specter estimates that this incident has led to the theft of hundreds of wallets on the Bitcoin, Ethereum, and TRON networks, with losses exceeding 86 million dollars. Security researcher tanuki42 previously estimated the losses to be over 72 million dollars and stated that the amount is still increasing. Currently, the specific cause of the incident and whether the involved devices have security vulnerabilities are still under investigation.

first_img Raiffeisen partners with Bitpanda to provide cryptocurrency trading in 11 European markets

Raiffeisen Bank International (RBI) announced a group-level collaboration with Bitpanda to expand its cryptocurrency asset layout. According to a joint announcement released by both parties on Wednesday, Bitpanda Enterprise will provide digital asset infrastructure for member banks within the RBI network to launch cryptocurrency services, potentially covering around 18 million customers. The announcement stated that each member bank will decide on the specific service content and launch pace based on local market conditions and regulatory requirements.RBI CEO Michael Höllerer stated that the demand for cryptocurrency assets in the markets where the group operates is continuously growing, thus the decision to collaborate with Bitpanda to address this. He mentioned that as a customer-centric bank, RBI is committed to meeting customer needs in the best possible way. Bitpanda indicated to Cointelegraph that this promotion is still in the early stages and will be gradually advanced based on local market and regulatory requirements, with further details to be announced once each market is confirmed.This collaboration builds on the cryptocurrency integration launched in 2024 with Raiffeisenlandesbank Niederösterreich-Wien in Austria. Bitpanda has obtained authorization under the EU's Markets in Crypto-Assets Regulation (MiCA) and stated that it is regularly communicating with banks and financial institutions exploring cryptocurrency brokerage services, but declined to comment on ongoing or confidential negotiations.

The performance of the toy company in the first half of the year shows a divergence: Pop Mart's net profit increased by 10.1% in the first half of the year, while Aofei Entertainment's net profit increased by more than 3 times

Multiple companies listed in the潮玩 IP derivatives sector have disclosed their performance for the first half of 2026. Pop Mart reported a revenue of 17.173 billion yuan in the first half of the year, a year-on-year increase of 23.8%, with a net profit attributable to the parent company of 5.038 billion yuan, a year-on-year increase of 10.1%. Domestic revenue grew by 47.3%, while overseas revenue decreased by 11.1% to 4.972 billion yuan. Pop Mart's Chairman and CEO Wang Ning referred to 2026 as the "Year of Adjustment," stating that revenue growth is not the primary goal, but rather focusing on corporate governance and operational health.Aofei Entertainment reported a revenue of 1.332 billion yuan in the first half of the year, a year-on-year increase of 11.13%, with a net profit attributable to the parent company of 174 million yuan, a year-on-year increase of 370.70%. Its subsidiary, Wandian Infinite, incurred a loss of 19.5413 million yuan in the first half of the year. Yuanlong Yatu reported a revenue of 1.164 billion yuan, a year-on-year decrease of 16.35%, with a net loss attributable to the parent company of 3.6779 million yuan. The revenue from its IP cultural and creative business was 46.418 million yuan, a year-on-year increase of 134.48%. Shifeng Culture reported a revenue of 212 million yuan, a year-on-year increase of 11.83%, with a net profit attributable to the parent company of 3.0852 million yuan, a year-on-year decrease of 26.09%. The revenue from trendy toys was 25.9369 million yuan, a year-on-year increase of 222.85%.

The IRS warns of new cryptocurrency phishing attacks: counterfeit letters use QR codes to steal wallet private keys

According to CoinDesk, the Internal Revenue Service (IRS) has issued a warning that a sophisticated email phishing campaign targeting U.S. cryptocurrency holders is spreading. Attackers are impersonating official tax letters to lure users into scanning malicious QR codes to steal cryptocurrency wallet credentials and private keys.It is reported that attackers are sending paper letters impersonating the IRS, creating a sense of urgency under the guise of "tax compliance" and "account verification," and including QR codes in the letters. Once users scan the code, they may be directed to a counterfeit website, leading to the leakage of wallet login information, recovery phrases, or private keys, resulting in the theft of digital assets.The IRS reminds taxpayers that official agencies will not request users to provide cryptocurrency wallet private keys, recovery phrases, or perform similar "wallet verification" operations through unofficial channels. Cryptocurrency holders should be vigilant against any suspicious emails and letters that request scanning QR codes, connecting wallets, or submitting sensitive information.As the number of cryptocurrency asset holders grows, social engineering attacks targeting digital wallets continue to increase, and regulatory and security agencies are strengthening warnings against related fraudulent activities.
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