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Disgraced former FTX CEO Sam Bankman-Fried has been told that he m US t remain in jail while he prepares for his upcoming trial, reports Reuters. Bankman-Fried saw his $250 million bail revoked last month amid claims that he had sought to interfere with witnesses and influence proceedings. The former billionaire appealed almost immediately with his team arguing that he couldn’t properly prepare his defense due to the “inhumane” and “dangerous” conditions inside the Brooklyn-based Metropolitan Detention Center. Court papers specifically claim that the few hours a day Bankman-Fried has been allotted to review evidence on a laptop are insufficient. They also claim he’s lost valuable preparation time due to him being required to take part in prisoner counts . However, these protests fell on deaf ears when the 2nd US Circuit Court of Appeals made its decision on Wednesday. The court did offer some hope, stating that it would ask the next available three-judge panel to consider Bankma...

North Korean government-backed hacking group Labyrinth Chollima was responsible for last month’s attack against US-based tech company JumpCloud in an attempt to gain access to its clientele of crypto firms, Reuters reports. Last week, JumpCloud first announced that a “sophisticated nation-state sponsored threat actor” had gained unauthorized access to its systems and targeted a “small and specific set” of customers. JumpCloud sells software to authorize and manage users across devices for major firms, but a spokesperson said that less than five customers were affected. Cybersecurity researcher Tom Hegel told Reuters that North Korea n Hack ers have become well versed in “supply chain attacks,” wherein service providers are infiltrated in order to access the real prize — its c US tomers. In this case, crypto firms are said to have been targeted but it remains unclear if any crypto was actually stolen , nor is it clear which crypto firms were breached. Working to assess the brea...