Ex-Celsius Exec Pleads Guilty; Coinbase Earned $1M Amid Hack

A former Celsius executive pleads guilty and coin base is apparently sitting on a million bucks tied to a hack. You're watching Coindesk Daily. I'm your host, Jenna. Let's take a look at the markets. The coin desk, Bitcoin price XBX index is currently above $26,000 at about 26.2 recently shorted alt coins like Solana soul could see leveraged liquidations and exaggerated price rallies amid concerns an FTX creditor liquidation could shake out alt coin bears a former executive at Celsius has pleaded guilty to criminal charges. Earlier this week, Ronnie Cohen Pavone admitted to four charges and agreed to cooperate with prosecutors. According to a plea agreement obtained by Reuters, the former Chief Revenue Officer was charged with market manipulation and wire fraud along with former Ceo Alex Massy last July after the lender's collapse. Minsky's legal team filed a motion to have the case dismissed Bitcoin Mining Pool F Two Pool announced it has returned nearly 20 Bitcoin to Paxis. It happened after the crypto services firm paid a $520,000 fee on a transaction worth only 2000 earlier this week. Paxis said the overpayment was due to a bug in the corporate operations side of the business. And Coindesk reports, Coinbase inadvertently earned $1 million tied to a hack but it hasn't reimbursed victims. It happened after Coinbase received 570 in ether to process transactions related to the curve exploit in July. It is currently not obligated to surrender the money to victims due to a feature of the DFI economy's infrastructure. A coin based spokesperson declined a request to comment. That's a wrap for Coindesk daily. Get more updates on coindesk dot com and we'll see you next week.