BlockFills, a crypto trading platform, has temporarily suspended customer withdrawals and deposits, while Goldman Sachs' top lawyer, Kathy Ruemmler, is resigning after emails revealed a close relationship with Jeffrey Epstein. In other news, Israeli authorities have arrested several individuals on suspicion of using classified information to place bets on the prediction market platform Polymarket, and Instagram head Adam Mosseri's compensation came under scrutiny during a social media addiction trial. These events occurred against a backdrop of economic hardship in Iran, which was exacerbated by U.S. sanctions.
BlockFills announced the suspension of withdrawals and deposits on Wednesday, citing the need to protect clients and the firm. A spokesperson declined to provide further comment. The move comes amid a downturn in the cryptocurrency market, with Bitcoin down approximately 48% from its all-time high in October.
Meanwhile, Kathy Ruemmler, the top lawyer at Goldman Sachs and former White House counsel to President Barack Obama, announced her resignation on Thursday. The decision followed the release of emails showing a close relationship with Jeffrey Epstein, where she referred to him as an "older brother" and downplayed his sex crimes.
In Israel, authorities arrested several people and charged two with using classified information to place bets on Polymarket, a prediction market platform. Prosecutors allege a civilian and a military reservist were indicted for bribery and obstruction of justice. The specific trades under investigation have not been identified.
Adam Mosseri, the head of Instagram, testified in a social media addiction trial, revealing his compensation package. Mosseri stated he is paid roughly $900,000 annually, with performance-based bonuses potentially reaching half his salary. He also receives stock-based pay, which has been in the tens of millions of dollars in some years. This information came to light during the trial of a 20-year-old plaintiff who alleges she developed mental health issues due to social media addiction.
Finally, protests in Iran, which have been ongoing, were sparked by economic hardship, in part caused by U.S. sanctions. The protests, while also about human rights and freedom, were fueled by the economic strain on the Iranian people.
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