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Caroline Ellison Requests Privacy for Supporters Ahead of Sentencing Caroline Ellison, former CEO of Alameda Research, has requested that the Southern District of New York redact the names and personal details of her supporters before her sentencing on September 24, 2024. This request, filed by her attorney Anjan Sahni, is driven by concerns over potential harassment and doxxing. Ellison’s legal team argues that disclosing such information could reveal sensitive details about her living situation and health. Ellison, who pleaded guilty to multiple fraud charges following the collapse of FTX, has been largely out of the public eye since testifying against former FTX CEO Sam Bankman-Fried. Although she faces a maximum sentence of 110 years, her cooperation in the case may result in a reduced sentence. Her upcoming sentencing will mark her as the third defendant in the FTX case to face judgment, following Ryan Salame’s 90-month sentence and Bankman-Fried’s 25-year term.

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Indodax Suspends Services After $22M Crypto Hack Indodax, a leading cryptocurrency exchange in Indonesia, has temporarily suspended its services following a significant security breach that resulted in the theft of approximately $22 million. The hackers targeted the exchange's hot wallets, stealing various cryptocurrencies including BTC, ETH, TRX, and MATIC. Over 150 suspicious transactions were detected as the stolen funds were moved and converted into ETH, likely using crypto-mixing services to obscure the trail. Blockchain security firms like Cyvers and SlowMist have been tracking the suspicious activities, and there is suspicion that North Korea’s Lazarus Group may be behind the attack. Indodax has taken its mobile and web platforms offline for security maintenance and investigation. While the exchange assures users that their assets are safe and has a reserve balance of $369 million, it remains unclear when services will resume. The platform is focused on enhancing its security to prevent future incidents and protect user funds.

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Solo Bitcoin Miner Hits Jackpot, Securing $181,000 Reward In a remarkable turn of events on September 10, 2024, a solo Bitcoin miner struck gold by successfully mining block 860749, earning a substantial $181,000 reward. The miner obtained the standard 3.125 BTC reward for the block, along with additional transaction fees. This win is particularly noteworthy given the dominance of large mining pools such as FoundryUSA and Antpool, which together control over 50% of the Bitcoin network's hashrate. The odds of a solo miner achieving such a feat are extremely low, akin to winning the lottery, due to the high level of competition from these well-established pools. Despite the daunting competition, the emergence of new mining rigs has made solo mining more viable. These advanced devices provide significant computing power at a reduced cost, allowing individual miners to challenge the dominance of major mining operations. Although victories for solo miners are still rare, this recent success underscores that with the right equipment and a bit of luck, smaller players can still make a significant impact in the Bitcoin mining landscape.

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