Employee – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Tue, 05 Aug 2025 10:42:42 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Employee – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 JPMorgan Chase Employee Accidentally Unfreezes Scammer’s Stolen Money, Triggering $20,000 Loss for Arizona Couple https://earlybirdsinvest.com/jpmorgan-chase-employee-accidentally-unfreezes-scammers-stolen-money-triggering-20000-loss-for-arizona-couple/ https://earlybirdsinvest.com/jpmorgan-chase-employee-accidentally-unfreezes-scammers-stolen-money-triggering-20000-loss-for-arizona-couple/#respond Tue, 05 Aug 2025 10:42:41 +0000 https://earlybirdsinvest.com/jpmorgan-chase-employee-accidentally-unfreezes-scammers-stolen-money-triggering-20000-loss-for-arizona-couple/

An Arizona couple is reportedly out $20,000 after a Chase Bank employee accidentally unfroze funds taken by a scammer.

In March, the couple received a text asking if they authorized a $399 Zelle payment to “Susan Smith,” according to a new report from 12 News.

They replied “No” and were given a number to call. After calling the number, someone on the other line who was claiming to be a bank employee said the couple’s account had been flagged for fraud. The scammer on the phone also told the couple that it looked like it was  an “inside job.”

Following instructions, the couple went to a Chase Bank and withdrew $20,000 and then opened a new account through Apple Wallet, depositing the money there.

The scammer then stole the money, but employees at Chase Bank managed to freeze the funds later that day. A few days later, however, someone at the bank unfroze the account, allowing the con artist to make off with the money.

Chase has contacted the couple and told them that their case is still open. Peoria police tell 12 News that they’ve identified a suspect in Florida.

A similar incident in Arizona occurred last month when a scammer reportedly drained $27,000 in life savings from a man in Arizona by pretending to be his bank representative.

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]]> https://earlybirdsinvest.com/jpmorgan-chase-employee-accidentally-unfreezes-scammers-stolen-money-triggering-20000-loss-for-arizona-couple/feed/ 0 51586 Ex-OpenSea Employee Cleared in First NFT Insider Trading Appeal — Here’s What Changed https://earlybirdsinvest.com/ex-opensea-employee-cleared-in-first-nft-insider-trading-appeal-heres-what-changed/ https://earlybirdsinvest.com/ex-opensea-employee-cleared-in-first-nft-insider-trading-appeal-heres-what-changed/#respond Fri, 01 Aug 2025 05:37:39 +0000 https://earlybirdsinvest.com/ex-opensea-employee-cleared-in-first-nft-insider-trading-appeal-heres-what-changed/

Crypto Reporter

Shalini Nagarajan

Crypto Reporter

Shalini Nagarajan

About Author

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Last updated: 


Why Trust Cryptonews

Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas – from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

OpenSea

A former OpenSea product manager has successfully overturned his conviction in what was once hailed as the first insider trading case involving non-fungible tokens.

The ruling by a US federal appeals court on Thursday marks a significant setback for prosecutors hoping to apply traditional financial crime laws to the fast-evolving crypto sector.

The case centered on Nathaniel Chastain, a 35-year-old Massachusetts native who managed homepage curation at OpenSea, the world’s largest NFT marketplace.

In May 2023, Chastain was convicted of wire fraud and money laundering for using insider knowledge to buy NFTs just before they were featured on the platform’s front page, then flipping them for profit.

OpenSea NFT Insider Case Undone by Misguided Jury Guidance

Court filings showed he made roughly $57,000 through 15 such trades, using anonymous wallets to conceal his identity. He later transferred the proceeds into his personal account.

Prosecutors described the scheme as theft of confidential business information, arguing it constituted a misuse of OpenSea’s property.

However, on appeal, the 2nd US Circuit Court of Appeals in Manhattan disagreed. In a 2-1 decision, the court ruled that the jury received flawed instructions, effectively allowing a conviction based solely on unethical behavior rather than actual theft of property with commercial value.

Appeals Court Faults Vague Jury Instructions in OpenSea Case

Judge Steven Menashi, writing for the majority, said the lower court erred by telling jurors that Chastain could be guilty even if the information he used lacked tangible value to OpenSea. He also criticized the instruction that jurors could convict if they found Chastain’s conduct violated broad notions of honesty and fair play.

Menashi warned that using such a standard could make nearly any deceptive act a criminal offense. The appeals court returned the case to US District Judge Jesse Furman for further proceedings. It is not yet clear whether prosecutors intend to retry Chastain.

Court Narrows Definition of ‘Property’ in Wire Fraud Cases

The ruling sharply limited how the government can apply the wire fraud statute to confidential information. The court held that such information must have clear commercial value to the employer—something prosecutors failed to prove in this case.

The featured NFT data, according to the opinion, was not monetized by OpenSea and was not treated as a valuable asset internally. That made it too “ethereal” to qualify as property under the law.

Compounding the problem for the government, the jury was told it could convict based on conduct that was merely unethical. That instruction, the court found, “tainted the verdict beyond repair.”

Judge Jose Cabranes dissented, saying he would have upheld the conviction. The US Attorney’s office in Manhattan has not commented on whether it plans to pursue the case again.

Ruling Undercuts DOJ’s Early Effort to Police NFT Markets

Chastain had already served his three-month prison sentence while his appeal was pending. His legal team welcomed the decision, calling the case a “miscarriage of justice.”

The conviction was announced in June 2022, as the NFT market was booming, estimated at nearly $40b.

Prosecutors had positioned the case as a signal that the digital asset space would not escape scrutiny. Thursday’s ruling, however, may force the government to rethink how it approaches crypto-related offenses.

In a separate matter, OpenSea itself came under regulatory fire last year when the SEC launched an investigation into whether the platform operated as an unregistered securities exchange. That probe closed without action in February, according to co-founder Devin Finzer.


]]> https://earlybirdsinvest.com/ex-opensea-employee-cleared-in-first-nft-insider-trading-appeal-heres-what-changed/feed/ 0 50815 $947,000 Allegedly Stolen From Wells Fargo ATM Machines As Employee Scrambles To Cover Trading Losses: Report https://earlybirdsinvest.com/947000-allegedly-stolen-from-wells-fargo-atm-machines-as-employee-scrambles-to-cover-trading-losses-report/ https://earlybirdsinvest.com/947000-allegedly-stolen-from-wells-fargo-atm-machines-as-employee-scrambles-to-cover-trading-losses-report/#respond Tue, 10 Jun 2025 07:08:50 +0000 https://earlybirdsinvest.com/947000-allegedly-stolen-from-wells-fargo-atm-machines-as-employee-scrambles-to-cover-trading-losses-report/

A former Wells Fargo employee in California is reportedly facing charges over allegations he stole $947,000 from the bank’s ATM machines during a span of nearly two years.

In a new report in the San Francisco Chronicle, Tamim Ghulam Haidar, the former Wells Fargo Union City branch operations associate manager, is accused of putting less money into the bank’s ATMs than he reported and pocketing the difference for his own use.

Haidar allegedly deposited the ill-gotten gains he is accused of “knowingly and intentionally” embezzling into his own bank accounts or those he controlled and used the funds to cover losses that “he incurred while trading in the foreign currency markets,” according to legal documents filed in the U.S. District Court Northern District of California.

Haidar allegedly committed the crimes from February 2021 to October 2022.

Prosecutors accuse Haidar of sometimes using other bank employees’ credentials to deposit cash in the ATM to “conceal the fact he was inputting false and inflated dollar amounts.”

Haidar is charged with embezzlement by a bank employee and engaging in monetary transactions in property derived from specified unlawful activity. He faces up to 30 years in federal prison.

Prosecutors are also seeking to force Haidar to forfeit the money he allegedly stole.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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]]> https://earlybirdsinvest.com/947000-allegedly-stolen-from-wells-fargo-atm-machines-as-employee-scrambles-to-cover-trading-losses-report/feed/ 0 41179 How Kraken HR leverages AI to hire and employee experience https://earlybirdsinvest.com/how-kraken-hr-leverages-ai-to-hire-and-employee-experience/ https://earlybirdsinvest.com/how-kraken-hr-leverages-ai-to-hire-and-employee-experience/#respond Sat, 12 Apr 2025 05:13:39 +0000 https://earlybirdsinvest.com/how-kraken-hr-leverages-ai-to-hire-and-employee-experience/

By Pranesh Anthapur, Chief Human Resources Officer of Kraken

As one of the most trusted cryptographic platforms in the world, we employ innovation not only in cryptography, but also in the way we manage and support our employees, Krakenites. AI is an element of HR strategy, making more data-driven decisions, enhancing candidate experience and continually improving crakenite engagement.

Let’s take a look at how you use AI in your recruitment process. The future of recruitment is in line with our belief that AI should be embraced, but not determined by it.

AI-powered employment: efficiency without losing human touch

First of all: Kraken uses AI to not make “yes” or “no” decisions regarding employment. You will not be hired or rejected based on AI decisions. What AI does is to get rid of the noise. This will allow you to focus on the best talent.

Our recruitment and recruitment team continues to review each applicant individually. Attracting and recruiting the world’s top talent (Krakenights who live in over 70 countries) is important in the fast mobile industry like cryptography. AI helps streamline this process without sacrificing the personal touch, an integral part of Kraken’s culture.

AI during screening: Help us find the best, faster

If you’re the best candidate, don’t worry because AI works for you, not against you. This approach not only improves efficiency, but also removes bias from the process. Free our team to allocate more time to White Glove recruitment practices, improving both recruiter productivity and the overall experience of candidates (if you’re going through the recruitment process at Kraken, you’ll find it really is a 6 star).

Crypto jobs are in high demand, and Kraken is flooded with thousands of applications for all open roles. Instead of slipping through the cracks on good candidates, use AI to enhance the screening process. ai helps us:

  • Quickly spot top candidates by analyzing skills, experience and qualifications
  • Craft fair job descriptions that attract diverse talent pools
  • Free recruiters and focus on high-five, personalized recruitment

result? Merit-first adoption machine that will get the right people at the door without unnecessary delays or bureaucratic nonsense.

AI during interview: No exchange, strengthening

What uses AI:

Deart Transcription and analysis of interviews for deep insights
Optimize job description to attract top talent
Comperive Identify key capabilities and trends for fair employment decisions

Those that do not use AI:

Make a yes/no employment decision
❌Conducting an interview

Be authentic – bad hiring processes waste everyone’s time. AI reduces inefficiency and allows recruiters and employment managers to focus on what’s really important.

Instead of dropping notes or missing key moments, interviewers are now fully present. AI helps transcription and analyse interviews, find trends, highlight key capabilities, and ensure objectivity and fairness.

AI helps Kraken recruiting teams not waste their time. Or theirs.

Using AI to identify key capabilities and trends can help ensure that your recruitment process is fair, consistent and focused on finding the best talent. Our goal? An efficient, unbiased, and fast, truly merit-based hiring process. The employment process takes more than three months to finish? no thanks.

AI for employee engagement: Keep Krakenites happy

At Kraken, we don’t believe in reactive HR. We believe we get through real-time insights, positive improvements, and corporate noise and understand what really matters to people.

Through AI-driven research analysis, we gain real-time insights into how team members feel about their work, leadership and overall experience at Kraken. Rather than relying solely on human-sorted research, AI allows for faster digestion of trends and emotional changes, ensuring that concerns are addressed actively and without bias.

By leveraging NLP and sentiment analysis, you can extract meaningful patterns from open-ended feedback, surveys, anonymous forms, chat, and more, improve policies, strengthen happiness initiatives, and foster a positive workplace culture. There are no point in findings that collect dust in a spreadsheet.

Future: ai x hr = smarter kraken

AI is not slowing down, and we are not slowing down either. We are already looking ahead:

  • Personalized learning, development and career support with AI
  • Predictive analysis that predicts employment forecasts and informed decisions
  • Faster, fairer, more attractive HR process

But let’s be clear: people make Kraken, not ai. AI is another tool for our Arsenal. This makes us sharper, faster and more innovative.

At Kraken, we do not use AI to enhance human decision-making and replace it. This is because the future of HR is not something that robots will take over. It’s about using the best technology to build the best team.

And we don’t do that otherwise.

]]> https://earlybirdsinvest.com/how-kraken-hr-leverages-ai-to-hire-and-employee-experience/feed/ 0 30365 President Trump Pardons Arthur Hayes, BitMEX and 3 Other Co-Founders and Employee https://earlybirdsinvest.com/president-trump-pardons-arthur-hayes-bitmex-and-3-other-co-founders-and-employee/ https://earlybirdsinvest.com/president-trump-pardons-arthur-hayes-bitmex-and-3-other-co-founders-and-employee/#respond Sat, 29 Mar 2025 06:14:00 +0000 https://earlybirdsinvest.com/president-trump-pardons-arthur-hayes-bitmex-and-3-other-co-founders-and-employee/

Arthur Hayes, the former CEO of crypto exchange BitMEX, has been granted a pardon by U.S. President Donald Trump, a White House official confirmed Friday.

Trump also pardoned Hayes’ co-founders at BitMEX, Samuel Reed and Benjamin Delo, as well as senior employee Greg Dwyer and BitMEX’s operating entity, HDR Global Trading, a BitMEX spokesperson said. CNBC first reported the pardons, which the White House said were signed on Thursday.

In 2020, the U.S. Department of Justice (DOJ) brought charges against BitMEX, its three co-founders, and its first employee, Dwyer, accusing them of violating the Bank Secrecy Act (BSA). Prosecutors alleged BitMEX advertised itself as a place where customers could use its platform virtually anonymously, without providing basic know-your-customer (KYC) information. All four individuals eventually pleaded guilty and were sentenced to fines and probationary sentences. The exchange itself pleaded guilty to violating the BSA last year.

Hayes faced two years of probation; Delo spent 30 months on probation and Reed 18 months on probation. Dwyer got 12 months of probation.

In a statement, Delo said he and his colleagues had been “wrongfully targeted.”

“This full and unconditional pardon by President Trump is a vindication of the position we have always held — that BitMEX, my co-founders and I should never have been charged with a criminal offense through an obscure, antiquated law,” he said. “As the most successful crypto exchange of its kind, we were wrongfully made to serve as an example, sacrificed for political reasons and used to send inconsistent regulatory signals. I’m sincerely grateful to the President for granting this pardon to me and my co-founders.”

Hayes just said “thank you” on X (formerly known as Twitter).

The Commodity Futures Trading Commission ordered BitMEX to pay $100 million for violating the Commodity Exchange Act and other CFTC regulations in 2021, separately from its DOJ settlements.

Attorneys representing Hayes, Delo and Reed did not immediately return requests for comment.

The reported pardons come just a day after Trump granted a pardon to Trevor Milton, the former CEO of Nikola Motors who was previously convicted of fraud in 2022. In January, Trump made good on long-standing promises to pardon Silk Road creator Ross Ulbricht, who was 11 years into a draconian sentence of double life in prison plus 40 years, with no possibility of parole. Since Ulbricht’s pardon, former FTX CEO and convicted fraudster Sam Bankman-Fried has been angling for his own pardon, attempting to curry favor with the Trump administration and appearing on Tucker Carlson in an unauthorized jailhouse interview that landed him in solitary confinement.

Former Binance CEO Changpeng “CZ” Zhao, who pleaded guilty to the same charge as Hayes and served four months in prison last year — making him not only the richest person to ever go to prison in the U.S., but also the only person to ever serve jail time for violating the BSA — has denied reports that he, too, is seeking a pardon from President Trump.

But, Zhao admitted in a recent X post that “no felon would mind a pardon, especially being the only one in US history who was ever sentenced to prison for a single BSA charge.”

UPDATE (March 28, 2025, 20:40 UTC): Adds Delo statement and White House official.

UPDATE (March 28, 21:06 UTC): Adds Hayes.

UPDATE (March 29, 04:15 UTC): Adds Dwyer and HDR.

]]> https://earlybirdsinvest.com/president-trump-pardons-arthur-hayes-bitmex-and-3-other-co-founders-and-employee/feed/ 0 27817 Billion-Dollar Bank’s Employee Secretly Transfers $123,000 From Customer Accounts to His Associates: FDIC https://earlybirdsinvest.com/billion-dollar-banks-employee-secretly-transfers-123000-from-customer-accounts-to-his-associates-fdic/ https://earlybirdsinvest.com/billion-dollar-banks-employee-secretly-transfers-123000-from-customer-accounts-to-his-associates-fdic/#respond Sat, 15 Mar 2025 23:58:03 +0000 https://earlybirdsinvest.com/billion-dollar-banks-employee-secretly-transfers-123000-from-customer-accounts-to-his-associates-fdic/

An employee at a billion-dollar bank transferred a massive pile of cash from customer accounts without permission for his own purposes, according to the Federal Deposit Insurance Corporation (FDIC).

In a new filing, the FDIC alleges that while working as an international sales representative at the International Bank of Commerce in Laredo, Texas, Martin Fernandez, Jr. “made unauthorized transfers of approximately $123,563” from the accounts of two customers between July of 2018 and August of 2021.

According to the FDIC, Fernandez moved the money to three of his known associates.

The US banking regulator says that one of Fernandez’s victims was an International Bank of Commerce customer who wanted to open a new account. After the account was opened, Fernandez then helped the customer transfer funds to the newly created account on or about July 18th of 2019. The following day, Fernandez made multiple transfers from the customer’s newly created account to an associate without authorization.

Between five and seven months later, Fernandez made multiple unauthorized transfers from the same account to another associate without the customer’s permission.

Fast forward to between July 20th of 2020 and August 12th of 2021, Fernandez also initiated multiple unauthorized transfers from the account of another customer to yet another associate.

The banking regulator says that the former International Bank of Commerce employee has already been criminally charged.

“On October 19, 2023, Respondent entered a guilty plea in the District Court of Webb County, Texas, to one count of third degree felony theft based on the misconduct just summarized.”

The FDIC says Fernandez’s actions, which caused the International Bank of Commerce a financial loss, violated the law and constituted unsafe and unsound banking practices. Consequently, Fernandez is barred from working in US-based banks and other financial institutions regulated by the FDIC.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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