Gizmodo

Wisconsin has officially become the first state to buy bitcoin, according to a new filing with the U.S. Securities and Exchange Commission. And while $98 million isn’t considered a lot of money for a state pension fund, it’s still a notable move given how notoriously volatile cryptocurrency investing can be.

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Nearly all of FTX’s former customers will get back almost 100% of the money they lost at the time of the cryptocurrency exchange’s collapse — if not more.

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Early crypto investor Roger Ver, a.k.a. ‘Bitcoin Jesus,’ has been charged with a tax fraud, with the Department of Justice saying he evaded nearly $50 million in taxes.

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Gizmodo

Binance founder and former CEO Changpeng “CZ” Zhao was sentenced to four months in federal prison on Tuesday, first reported by the Associated Press.

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Worldcoin, the project that hands out free cryptocurrency in exchange for biometric data, is experiencing a shortage of the orbs that scan everyone’s eyeballs, according to a new report from Semafor.

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Well, Sam Bankman-Fried is headed up the river. Once a powerful crypto power broker, SBF’s glittering Web3 kingdom came crashing down on his head after a multi-billion dollar scandal. It’s a good reminder that not only does Silicon Valley produce a lot of software products, but it also produces a whole lot of…

Gizmodo

Sam Bankman-Fried was sentenced to 25 years in prison on Thursday by Manhattan Federal Judge Lewis Kaplan. A jury found Bankman-Fried guilty of one of the largest white-collar crimes in history roughly five months ago. The 32-year-old could be in jail until he’s 57.